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Global Ground Fault Monitoring Relays Market, By Type; By Voltage; By Relay Mounting; By Trip Time; By Application; By Sales channel-Estimation & Forecast, 2017-2030

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    Report

  • 415 Pages
  • June 2023
  • Region: Global
  • Astute Analytica
  • ID: 5864793
Description Jump to:

Global Ground Fault Monitoring Relays Market: Set to Surpass US$ 4 Bn by 2030 at a CAGR of 8.05%

The global Ground Fault Monitoring Relays market was valued at US$ 2.20 Billion in 2022 and is predicted to reach US$ 4 Billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 8.05% over the forecast period from 2023 to 2030.

Growth Influencers:

The global Ground Fault Monitoring Relays market's expansion is mainly propelled by the surge in investments towards transmission and distribution networks. As electrical power generation evolves and modernizes, substantial investments are made into upgrading current infrastructure and constructing new distribution systems to effectively manage the power supply, driving the market's growth. Moreover, the rise in the number of electrical faults and their negative impact, such as fires or equipment damage, is fostering the demand for ground fault monitoring relays as they can detect such faults early on and prevent serious consequences. Conversely, a key market growth inhibitor is the lack of awareness regarding these devices. Many potential users are unaware of the existence of ground fault monitoring relays or their benefits, which results in fewer installations and slows down the market's growth.

Segment Overview:

The market is segmented by Type, Voltage, Relay Mounting, Trip Time, Application, and Sales Channel.

By Type

  • AC
  • DC

By Voltage

  • 100-120 V
  • 220-240 V
  • 380-440 V

By Relay Mounting

  • Panel Mount
  • Surface Mount
  • DIN Rail Mount

By Trip Time

  • Up to 500ms
  • 500 Ms to 1 sec
  • 1 sec to 2 sec
  • 2 to 2.5 sec
  • Above 2.5 Sec

By Application

  • Underground Mining
  • Communications Towers
  • Automotive
  • Photovoltaic Panels
  • Semiconductor Machines
  • Others

By Sales channel

  • Manufacturer
  • Direct Distributer
  • Retailer
Under the 'Type' segment, DC holds the largest share of over 55%, with opportunities expected to surpass US$ 900 Mn during the forecast period. By 'Voltage', the 220-240 V segment exhibits the fastest growth at a CAGR of 8.28% and holds a market share of over 45%. In terms of 'Relay Mounting', the 'Surface Mount' segment is projected to exceed a revenue of USD 1000 Mn by 2026. 'Up to 500ms' is the fastest-growing segment within 'Trip Time', with a CAGR of 8.61%. By 'Application', 'Photovoltaic Panels' is projected to surpass a market revenue size of US$ 950 Mn by 2028. The 'Retailer' segment under 'Sales Channel' holds the largest share of over 50%.

Regional Overview:

The report comprehensively covers the Ground Fault Monitoring Relays market in various regions including North America, Europe, Asia Pacific, as well as the Rest of Western Europe.

North America

  • US
  • Canada
  • Mexico

Europe

  • Western Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

Asia Pacific

  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific

Rest of Western Europe

  • Middle East & Africa
  • South America
Regionally, Asia Pacific holds the largest market share of over 35% in 2022, with the fastest CAGR of over 8.86%. Other key regions include North America, Europe, Middle East & Africa, and South America.

Competitive Landscape:

The global Ground Fault Monitoring Relays market is competitive, featuring several prominent players who together constitute around 35% of the market share. Companies like General Electric Company, ABB, Bender, and Eaton are among the top players, demonstrating robust portfolios of ground fault monitoring relays. Other notable companies such as EUCHNER, GE, Gigavac, Littelfuse, Rockwell Automation, Schneider Electric, Schweitzer Engineering Laboratories, Seiko Electric, Siemens, and Steven Engineering are also making significant contributions to the market with their innovative solutions and strategic initiatives.

Report Insights:

  • The Ground Fault Monitoring Relays market is projected to grow at a CAGR of 8.05% from 2023 to 2030.
  • The growth is fueled by increasing investments in transmission and distribution networks and the rise in the number of electrical faults.
  • The DC segment under 'Type' and the 220-240 V segment under 'Voltage' are expected to exhibit significant growth.
  • The Asia Pacific is the dominating and fastest-growing region in the market.

Questions to be Answered:

  • What is the estimated growth rate of the global Ground Fault Monitoring Relays market?
  • What are the key growth drivers and potential restraints?
  • Which market segments are expected to witness the most growth?
  • Who are the leading players in the market?

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Ground Fault Monitoring Relays Market
Chapter 4. Global Ground Fault Monitoring Relays Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Material Provider
4.1.2. Manufacturer
4.1.3. Distributer
4.1.4. End User
4.2. Industry Outlook
4.2.1. Detailed Import Data of Ground Fault Relay
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Degree of Competition
4.4. Market Dynamics and Trends
4.4.1. Growth Drivers
4.4.2. Restraints
4.4.3. Challenges
4.4.4. Key Trends
4.5. Covid-19 Impact Assessment on Market Growth Trend
4.6. Market Growth and Outlook
4.6.1. Market Revenue Estimates and Forecast (US$ Mn), 2017 - 2030
4.6.2. Market Volume Estimates and Forecast (Mn Units), 2017 - 2030
4.6.3. Pricing Analysis
4.7. Competition Dashboard
4.7.1. Market Concentration Rate
4.7.2. Company Market Share Analysis (Value %), 2022
4.7.3. Competitor Mapping
Chapter 5. Global Ground Fault Monitoring Relays Market, By Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
5.2.1. AC
5.2.2. DC
Chapter 6. Global Ground Fault Monitoring Relays Market, By Voltage
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
6.2.1.
100-120 V
6.2.2.
220-240 V
6.2.3.
380-440 V
Chapter 7. Global Ground Fault Monitoring Relays Market, By Relay Mounting
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
7.2.1. Panel Mount
7.2.2. Surface Mount
7.2.3. DIN Rail Mount
Chapter 8. Global Ground Fault Monitoring Relays Market, By Trip Time
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
8.2.1. Up to 500ms
8.2.2.
500 Ms to 1 sec
8.2.3.
1 sec to 2 sec
8.2.4.
2 to 2.5 sec
8.2.5. Above 2.5 Sec
Chapter 9. Global Ground Fault Monitoring Relays Market, By Application
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
9.2.1. Underground Mining
9.2.2. Communications Towers
9.2.3. Automotive
9.2.4. Photovoltaic Panels
9.2.5. Semiconductor Machines
9.2.6. Others
Chapter 10. Global Ground Fault Monitoring Relays Market, By Sales Channel
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
10.2.1. Manufacturer
10.2.2. Direct Distributer
10.2.3. Retailer
Chapter 11. Global Ground Fault Monitoring Relays Market, By Region/Country
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
11.2.1. North America
11.2.1.1. The U.S.
11.2.1.2. Canada
11.2.1.3. Mexico
11.2.2. Europe
11.2.2.1. Western Europe
11.2.2.1.1. The UK
11.2.2.1.2. Germany
11.2.2.1.3. France
11.2.2.1.4. Italy
11.2.2.1.5. Spain
11.2.2.1.6. Rest of Western Europe
11.2.2.2. Eastern Europe
11.2.2.2.1. Poland
11.2.2.2.2. Russia
11.2.2.2.3. Rest of Eastern Europe
11.2.3. Asia Pacific
11.2.3.1. China
11.2.3.2. India
11.2.3.3. Japan
11.2.3.4. Australia & New Zealand
11.2.3.5. ASEAN
11.2.3.6. Rest of Asia Pacific
11.2.4. Rest of the World
11.2.4.1. Middle East and Africa
11.2.4.2. South Africa
Chapter 12. North America Ground Fault Monitoring Relays Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
12.2.1. By Type
12.2.2. By Voltage
12.2.3. By Relay Mounting
12.2.4. By Trip Time
12.2.5. By Application
12.2.6. By Sales Channel
12.2.7. By Country
Chapter 13. Europe Ground Fault Monitoring Relays Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
13.2.1. By Type
13.2.2. By Voltage
13.2.3. By Relay Mounting
13.2.4. By Trip Time
13.2.5. By Application
13.2.6. By Sales Channel
13.2.7. By Country
Chapter 14. APAC Ground Fault Monitoring Relays Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
14.2.1. By Type
14.2.2. By Voltage
14.2.3. By Relay Mounting
14.2.4. By Trip Time
14.2.5. By Application
14.2.6. By Sales Channel
14.2.7. By Country
Chapter 15. Rest of the World Ground Fault Monitoring Relays Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
15.2.1. By Type
15.2.2. By Voltage
15.2.3. By Relay Mounting
15.2.4. By Trip Time
15.2.5. By Application
15.2.6. By Sales Channel
15.2.7. By Region
Chapter 16. The US Ground Fault Monitoring Relays Market Analysis
16.1. Key Insights
16.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
16.2.1. By Type
16.2.2. By Voltage
16.2.3. By Relay Mounting
16.2.4. By Trip Time
16.2.5. By Application
16.2.6. By Sales Channel
Chapter 17. Canada Ground Fault Monitoring Relays Market Analysis
17.1. Key Insights
17.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
17.2.1. By Type
17.2.2. By Voltage
17.2.3. By Relay Mounting
17.2.4. By Trip Time
17.2.5. By Application
17.2.6. By Sales Channel
Chapter 18. Mexico Ground Fault Monitoring Relays Market Analysis
18.1. Key Insights
18.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
18.2.1. By Type
18.2.2. By Voltage
18.2.3. By Relay Mounting
18.2.4. By Trip Time
18.2.5. By Application
18.2.6. By Sales Channel
Chapter 19. The UK Ground Fault Monitoring Relays Market Analysis
19.1. Key Insights
19.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
19.2.4. By Trip Time
19.2.5. By Application
19.2.6. By Sales Channel
Chapter 20. Germany Ground Fault Monitoring Relays Market Analysis
20.1. Key Insights
20.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
20.2.1. By Type
20.2.2. By Voltage
20.2.3. By Relay Mounting
20.2.4. By Trip Time
20.2.5. By Application
20.2.6. By Sales Channel
Chapter 21. France Ground Fault Monitoring Relays Market Analysis
21.1. Key Insights
21.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
21.2.1. By Type
21.2.2. By Voltage
21.2.3. By Relay Mounting
21.2.4. By Trip Time
21.2.5. By Application
21.2.6. By Sales Channel
Chapter 22. Italy Ground Fault Monitoring Relays Market Analysis
22.1. Key Insights
22.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
22.2.1. By Type
22.2.2. By Voltage
22.2.3. By Relay Mounting
22.2.4. By Trip Time
22.2.5. By Application
22.2.6. By Sales Channel
Chapter 23. Spain Ground Fault Monitoring Relays Market Analysis
23.1. Key Insights
23.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
23.2.1. By Type
23.2.2. By Voltage
23.2.3. By Relay Mounting
23.2.4. By Trip Time
23.2.5. By Application
23.2.6. By Sales Channel
Chapter 24. Rest of Western Europe Ground Fault Monitoring Relays Market Analysis
24.1. Key Insights
24.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
24.2.1. By Type
24.2.2. By Voltage
24.2.3. By Relay Mounting
24.2.4. By Trip Time
24.2.5. By Application
24.2.6. By Sales Channel
Chapter 25. Russia Ground Fault Monitoring Relays Market Analysis
25.1. Key Insights
25.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
25.2.1. By Type
25.2.2. By Voltage
25.2.3. By Relay Mounting
25.2.4. By Trip Time
25.2.5. By Application
25.2.6. By Sales Channel
Chapter 26. Poland Ground Fault Monitoring Relays Market Analysis
26.1. Key Insights
26.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
26.2.1. By Type
26.2.2. By Voltage
26.2.3. By Relay Mounting
26.2.4. By Trip Time
26.2.5. By Application
26.2.6. By Sales Channel
Chapter 27. Rest of Eastern Europe Ground Fault Monitoring Relays Market Analysis
27.1. Key Insights
27.2. Market Size and Forecast, 2017 - 2030 (US$ Mn and Mn Units)
27.2.1. By Type
27.2.2. By Voltage
27.2.3. By Relay Mounting
27.2.4. By Trip Time
27.2.5. By Application
27.2.6. By Sales Channel
Chapter 28. Company Profile (Company Overview, Sales Composition Ratio, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
28.1. ABB
28.2. Bender
28.3. Eaton
28.4. EUCHNER
28.5. GE
28.6. Gigavac
28.7. Littelfuse
28.8. Rockwell Automation
28.9. Schneider Electric
28.10. Schweitzer Engineering Laboratories
28.11. Seiko Electric
28.12. Siemens
28.13. Steven Engineering
28.14. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB
  • Bender
  • Eaton
  • EUCHNER
  • GE
  • Gigavac
  • Littelfuse
  • Rockwell Automation
  • Schneider Electric
  • Schweitzer Engineering Laboratories
  • Seiko Electric
  • Siemens
  • Steven Engineering

Table Information

Report AttributeDetails
No. of Pages415
PublishedJune 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 2.2 Billion
Forecasted Market Value ( USD ) by 2030 $ 4 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal

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