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Protective Relays and Circuit Breakers Market

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    Report

  • 192 Pages
  • November 2024
  • Region: Global
  • BCC Research
  • ID: 6030833
Description Jump to:
The Protective Relays and Circuit Breakers Market was valued at USD 17.2 billion in 2024, and is projected to reach USD 26.8 billion by 2029, rising at a CAGR of 9.20%. Driven by expanding electrical infrastructure and stringent safety regulations, the market is growing due to increased demand for advanced protection technologies. Innovations in digital and smart relays and circuit breakers enhance system performance and monitoring capabilities.

Protective relays and circuit breakers are used across various voltage levels and applications to ensure the safety and efficiency of electrical systems.
  • Low-voltage (LV) applications are common in residential and commercial settings. In these environments, miniature circuit breakers (MCBs) protect against overloads, short circuits and electrical faults, while low-voltage relays manage and control electrical loads.
  • Medium-voltage (MV) applications are crucial for industrial facilities and utility substations. MV circuit breakers and protective relays in these systems safeguard transformers, feeders and motors from faults and ensure reliable power distribution.
  • High-voltage (HV) applications are found in power generation plants and transmission networks. HV circuit breakers and protective relays in these settings protect large-scale electrical equipment, manage power flow and prevent damage from electrical disturbances.

Report Scope

This report provides an overview of the global protective relays and circuit breakers market and analyzes market trends. It provides the global revenue (in $ millions) for segments and regions, considering 2023 as the base year, with estimated market data for 2024 through 2029. The market is arranged based on category, types of protective relays, circuit breakers, voltages, industries, applications, and regions. Geographical segments covered are North America (the U.S., Canada, Mexico), Europe (U.K., Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East and Africa). The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.

The report includes:

  • 80 data tables and 58 additional tables
  • An overview of the global market for protective relays and circuit breakers within the industry
  • Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025 and 2026, and projections of compound annual growth rates (CAGRs) through 2029
  • Estimates of the size and revenue prospects of the global market, along with a market share analysis by category, protective relay type, circuit breaker type, voltage type, application, industry, and region
  • Assessment of market restraints, current trends, demographic shifts, technological advances, and regulatory aspects that shape and influence the market
  • A look at the devices controlling Industry 4.0, including the industrial network infrastructure, end users, and application of these systems across industry verticals
  • A discussion on ESG challenges and ESG practices in the industry
  • Assessment of the vendor landscape, including the market shares, product portfolios and financial overviews of leading companies
  • Information on recent mergers and acquisitions, plant expansions, collaborations, investments, product launches, and other strategic developments in the market
  • Profiles of the leading market vendors, including ABB, Mitsubishi Electric Corp., Eaton, Schneider Electric and Siemens

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
  • Technological Advances and Applications
  • Market Dynamics and Growth Factors
  • Segmental Analysis
  • Regional Insights and Emerging Markets
  • Conclusion
Chapter 2 Market Overview
  • Current Market Scenario and Future Expectations
  • Macro-Economic Factors Analysis
  • Impact of Trade and Political Disputes
  • Currency Conversion Risks and Exchange Rate Fluctuations
  • Rising Inflation and Commodity Prices
  • Porter's Five Forces Analysis
  • Value Chain Analysis
  • Regulatory Landscape
Chapter 3 Market Dynamics
  • Overview
  • Market Drivers
  • Growing Demand from Evolving Power Grids Industry
  • Railway Safety Concerns Boosting Demand for Protective Relay and Circuit Breakers
  • Increasing Demand from Global Power Substation Construction
  • Modernization of Transmission and Distribution (T&D) Networks
  • Growing Worldwide Focus on Renewable Energy Integration
  • Market Restraints
  • Stringent Environmental Regulations Related to SF6 Gas Are Restraining Market Growth
  • High-Cost of Advanced Electrical Protection Systems Hinders Their Adoption
  • Cyber Threats Specifically Targeting Protective Relays and Circuit Breakers
  • Market Opportunities
  • Smart Grids and Maintenance Trends Enhance Electrical Protection Market
  • Growth of IoT-based Circuit Breakers
  • Integrating Blockchain Technology for Grid Security
  • Electrical Safety Standard Update
Chapter 4 Emerging Trends and Technologies
  • Overview
  • Emerging Trends
  • Shift to Sustainability in Protective Relays and Circuit Breakers
  • Increasing Implementation of AFCI and GFCI Technology in Electrical Systems
  • Emerging Technologies
  • Intelligent and Digital Circuit Breakers
  • Advanced Communication Protocols
  • Digital Twin Integration
  • Patent Analysis
  • Geographical Patterns
  • Key Findings
Chapter 5 Market Segmentation Analysis
  • Segmentation Breakdown
  • Market Breakdown for Protective Relays and Circuit Breakers by Category
  • Protective Relays
  • Circuit Breakers
  • Market Breakdown by Protective Relay Type
  • Overcurrent Protection
  • Arc Flash Protection
  • Distance Protection
  • Line Differential Protection
  • Pilot Protection
  • Transformer Differential Protection
  • Voltage and Frequency Protection
  • Ground Fault/Earth Fault Protection
  • Buchholz Protection
  • Others
  • Market Breakdown by Circuit Breaker Type
  • Air Circuit Breakers (ACBs)
  • Miniature Circuit Breakers (MCBs)
  • Molded Case Circuit Breakers (MCCBs)
  • Vacuum Circuit Breakers
  • SF6 Circuit Breakers
  • Others
  • Market Breakdown for Protective Relays and Circuit Breakers by Application
  • Distribution Line Protection
  • Transmission Line Protection
  • Motor Protection
  • Generator Protection
  • Transformer Protection
  • Switchgear Protection
  • Others
  • Market Breakdown for Protective Relays and Circuit Breakers by Industry
  • Utilities
  • Industrial/Commercial
  • Residential
  • Market Breakdown for Protective Relays and Circuit Breakers by Voltage Type
  • High Voltage
  • Medium Voltage
  • Low Voltage
  • Geographic Breakdown
  • Market Breakdown for Protective Relays and Circuit Breakers by Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Chapter 6 Competitive Intelligence
  • Key Players Market Ranking
  • Strategic Analysis
Chapter 7 Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective
  • Key ESG Issues in the Protective Relays and Circuit Breakers Market
  • Key Environmental Issues in Protective Relays and Circuit Breakers
  • Social Responsibility in Protective Relays and Circuit Breakers
  • Governance and Oversight in Protective Relays and Circuit Breakers
  • ESG Performance Analysis
  • Environmental Performance
  • Social Performance
  • Governance Performance
  • Current Status of ESG in the Protective Relays and Circuit Breakers Market
  • Concluding Remarks
Chapter 8 Appendix
  • Methodology
  • Abbreviations
  • References
  • Company Profiles
  • ABB
  • ANALOG DEVICES INC.
  • CG POWER & INDUSTRIAL SOLUTIONS LTD.
  • EATON
  • FANOX
  • FUJI ELECTRIC CO. LTD.
  • LITTELFUSE INC.
  • MITSUBISHI ELECTRIC CORP.
  • NOJA POWER SWITCHGEAR PTY LTD.
  • POWELL INDUSTRIES
  • ROCKWELL AUTOMATION
  • SALZER ELECTRONICS LTD.
  • SCHNEIDER ELECTRIC
  • SCHWEITZER ENGINEERING LABORATORIES INC.
  • SIEMENS
  • TE CONNECTIVITY
  • TOSHIBA CORP.
  • ZIV
List of Tables
Summary Table: Global Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 1: Protective Relays and Circuit Breakers: Regulatory Bodies, Standards Organizations and Government Agencies, by Region, 2024
Table 2: Latest Granted Patents, by Inventor or Assignee, July 2023-August 2024
Table 3: Global Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 4: Global Market for Protective Relays, by Region, Through 2029
Table 5: Global Market for Circuit Breakers, by Region, Through 2029
Table 6: Global Market for Protective Relays, by Type, Through 2029
Table 7: Global Market for Overcurrent Protection Relays, by Region, Through 2029
Table 8: Global Market for Arc Flash Protection Relays, by Region, Through 2029
Table 9: Global Market for Distance Protection Relays, by Region, Through 2029
Table 10: Global Market for Line Differential Protection Relays, by Region, Through 2029
Table 11: Global Market for Pilot Protection Relays, by Region, Through 2029
Table 12: Global Market for Transformer Differential Protection Relays, by Region, Through 2029
Table 13: Global Market for Voltage and Frequency Protection Relays, by Region, Through 2029
Table 14: Global Market for Ground Fault/Earth Fault Protection Relays, by Region, Through 2029
Table 15: Global Market for Buchholz Protection Relays, by Region, Through 2029
Table 16: Global Market for Other Protective Relays, by Region, Through 2029
Table 17: Global Market for Circuit Breakers, by Type, Through 2023
Table 18: Global Market for Air Circuit Breakers (ACBs), by Region, Through 2029
Table 19: Global Market for Miniature Circuit Breakers (MCBs), by Region, Through 2029
Table 20: Global Market for Molded Case Circuit Breakers (MCCBs), by Region, Through 2029
Table 21: Global Market for Vacuum Circuit Breakers, by Region, Through 2029
Table 22: Global Market for SF6 Circuit Breakers, by Region, Through 2029
Table 23: Global Market for Other Circuit Breakers, by Region, Through 2029
Table 24: Global Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 25: Global Market for Distribution Line Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 26: Global Market for Transmission Line Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 27: Global Market for Motor Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 28: Global Market for Generator Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 29: Global Market for Transformers Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 30: Global Market for Switchgear Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 31: Global Market for Other Applications in Protective Relays and Circuit Breakers, by Region, Through 2029
Table 32: Global Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 33: Global Market for Protective Relays and Circuit Breakers in the Utilities Sector, by Region, Through 2029
Table 34: Global Market for Protective Relays and Circuit Breakers in the Industrial and Commercial Sector, by Region, Through 2029
Table 35: Global Market for Protective Relays and Circuit Breakers in the Residential Sector, by Region, Through 2029
Table 36: Global Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 37: Global Market for High Voltage Protective Relays and Circuit Breakers, by Region, Through 2029
Table 38: Global Market for Medium Voltage Protective Relays and Circuit Breakers, by Region, Through 2029
Table 39: Global Market for Low Voltage Protective Relays and Circuit Breakers, by Region, Through 2029
Table 40: Global Market for Protective Relays and Circuit Breakers, by Region, Through 2029
Table 41: North American Market for Protective Relays and Circuit Breakers, by Country, Through 2029
Table 42: North American Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 43: North American Market for Protective Relays, by Type, Through 2029
Table 44: North American Market for Circuit Breakers, by Type, Through 2029
Table 45: North American Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 46: North American Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 47: North American Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 48: European Market for Protective Relays and Circuit Breakers, by Country, Through 2029
Table 49: European Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 50: European Market for Protective Relays, by Type, Through 2029
Table 51: European Market for Circuit Breakers, by Type, Through 2029
Table 52: European Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 53: European Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 54: European Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 55: Asia-Pacific Market for Protective Relays and Circuit Breakers, by Country, Through 2029
Table 56: Asia-Pacific Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 57: Asia-Pacific Market for Protective Relays, by Type, Through 2029
Table 58: Asia-Pacific Market for Circuit Breakers, by Type, Through 2029
Table 59: Asia-Pacific Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 60: Asia-Pacific Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 61: Asia-Pacific Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 62: Rest of the World Market for Protective Relays and Circuit Breakers, by Category, Through 2029
Table 63: Rest of the World Market for Protective Relays, by Type, Through 2029
Table 64: Rest of the World Market for Circuit Breakers, by Type, Through 2029
Table 65: Rest of the World Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029
Table 66: Rest of the World Market for Protective Relays and Circuit Breakers, by Industry, Through 2029
Table 67: Rest of the World Market for Protective Relays and Circuit Breakers, by Application, Through 2029
Table 68: Key Players Ranking in the Global Protective Relays and Circuit Breakers Market, 2023
Table 69: Global Protective Relays and Circuit Breakers Market: Key Recent Developments, 2022-2024
Table 70: Global Protective Relays and Circuit Breakers Market: Environmental Impact
Table 71: Global Protective Relays and Circuit Breakers Market: Social Impact
Table 72: Global Protective Relays and Circuit Breakers Market: Governance Impact
Table 73: Global Protective Relays and Circuit Breakers Market: ESG Risk Ratings Metric, 2023
Table 74: Abbreviations Used in the Report
Table 75: ABB: Company Snapshot
Table 76: ABB: Financial Performance, FY 2022 and 2023
Table 77: ABB: Product Portfolio
Table 78: ABB: News/Key Developments, 2023
Table 79: Analog Devices Inc.: Company Snapshot
Table 80: Analog Devices Inc.: Financial Performance, FY 2022 and 2023
Table 81: Analog Devices Inc.: Product Portfolio
Table 82: Analog Devices Inc.: News/Key Developments, 2023
Table 83: CG Power & Industrial Solutions Ltd.: Company Snapshot
Table 84: CG Power & Industrial Solutions Ltd.: Financial Performance, FY 2022 and 2023
Table 85: CG Power & Industrial Solutions Ltd.: Product Portfolio
Table 86: Eaton: Company Snapshot
Table 87: Eaton: Financial Performance, FY 2022 and 2023
Table 88: Eaton: Product Portfolio
Table 89: Eaton: News/Key Developments, 2024
Table 90: Fanox: Company Snapshot
Table 91: Fanox: Product Portfolio
Table 92: Fanox: News/Key Developments, 2024
Table 93: Fuji Electric Co. Ltd.: Company Snapshot
Table 94: Fuji Electric Co. Ltd.: Financial Performance, FY 2022 and 2023
Table 95: Fuji Electric Co. Ltd.: Product Portfolio
Table 96: Fuji Electric Co. Ltd.: News/Key Developments, 2024
Table 97: Littelfuse Inc.: Company Snapshot
Table 98: Littelfuse Inc.: Financial Performance, FY 2022 and 2023
Table 99: Littelfuse Inc.: Product Portfolio
Table 100: Littelfuse Inc.: News/Key Developments, 2023 and 2024
Table 101: Mitsubishi Electric Corp.: Company Snapshot
Table 102: Mitsubishi Electric Corp.: Financial Performance, FY 2022 and 2023
Table 103: Mitsubishi Electric Corp.: Product Portfolio
Table 104: Mitsubishi Electric Corp.: News/Key Developments, 2023
Table 105: NOJA Power Switchgear Pty Ltd.: Company Snapshot
Table 106: NOJA Power Switchgear Pty Ltd.: Product Portfolio
Table 107: Powell Industries: Company Snapshot
Table 108: Powell Industries: Financial Performance, FY 2022 and 2023
Table 109: Powell Industries: Product Portfolio
Table 110: Rockwell Automation: Company Snapshot
Table 111: Rockwell Automation: Financial Performance, FY 2022 and 2023
Table 112: Rockwell Automation: Product Portfolio
Table 113: Rockwell Automation: News/Key Developments, 2023
Table 114: Salzer Electronics Ltd.: Company Snapshot
Table 115: Salzer Electronics Ltd.: Financial Performance, FY 2022 and 2023
Table 116: Salzer Electronics Ltd.: Product Portfolio
Table 117: Schneider Electric: Company Snapshot
Table 118: Schneider Electric: Financial Performance, FY 2022 and 2023
Table 119: Schneider Electric: Product Portfolio
Table 120: Schneider Electric: News/Key Developments, 2024
Table 121: Schweitzer Engineering Laboratories Inc.: Company Snapshot
Table 122: Schweitzer Engineering Laboratories Inc.: Product Portfolio
Table 123: Schweitzer Engineering Laboratories Inc.: News/Key Developments, 2023
Table 124: Siemens: Company Snapshot
Table 125: Siemens: Financial Performance, FY 2022 and 2023
Table 126: Siemens: Product Portfolio
Table 127: Siemens: News/Key Developments, 2024
Table 128: TE Connectivity: Company Snapshot
Table 129: TE Connectivity: Financial Performance, FY 2022 and 2023
Table 130: TE Connectivity: Product Portfolio
Table 131: TE Connectivity: News/Key Developments, 2023
Table 132: Toshiba Corp.: Company Snapshot
Table 133: Toshiba Corp.: Financial Performance, FY 2022 and 2023
Table 134: Toshiba Corp.: Product Portfolio
Table 135: Toshiba Corp.: News/Key Developments, 2024
Table 136: ZIV: Company Snapshot
Table 137: ZIV: Product Portfolio
List of Figures
Summary Figure: Global Market Shares of Protective Relays and Circuit Breakers, by Category, 2023
Figure 1: Value Chain for Protective Relays and Circuit Breakers Market
Figure 2: Market Dynamics: Global Protective Relays and Circuit Breakers Market
Figure 3: Share of Published Patents and Patent Applications on Protective Relays and Circuit Breakers, by Applicants in Key Regions, July 2023-August 2024
Figure 4: Global Market Shares of Protective Relays and Circuit Breakers, by Category, 2023
Figure 5: Global Market Shares of Protective Relays, by Type, 2023
Figure 6: Global Market Shares of Circuit Breakers, by Type, 2023
Figure 7: Global Market Shares of Protective Relays and Circuit Breakers, by Application, 2023
Figure 8: Global Market Shares of Protective Relays and Circuit Breakers, by Industry, 2023
Figure 9: Global Market Shares of Protective Relays and Circuit Breakers, by Voltage Type, 2023
Figure 10: Global Market Shares of Protective Relays and Circuit Breakers, by Region, 2023
Figure 11: ABB: Revenue Share, by Business Unit, FY 2023
Figure 12: ABB: Revenue Share, by Region, FY 2023
Figure 13: Analog Devices Inc.: Revenue Share, by Business Unit, FY 2023
Figure 14: Analog Devices Inc.: Revenue Share, by Country/Region, FY 2023
Figure 15: CG Power & Industrial Solutions Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 16: CG Power & Industrial Solutions Ltd.: Revenue Share, by Region, FY 2023
Figure 17: Eaton: Revenue Share, by Business Unit, FY 2023
Figure 18: Eaton: Revenue Share, by Country/Region, FY 2023
Figure 19: Fuji Electric Co. Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 20: Fuji Electric Co. Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 21: Littelfuse Inc.: Revenue Share, by Business Unit, FY 2023
Figure 22: Littelfuse Inc.: Revenue Share, by Region, FY 2023
Figure 23: Mitsubishi Electric Corp.: Revenue Share, by Business Unit, FY 2023
Figure 24: Mitsubishi Electric Corp.: Revenue Share, by Country/Region, FY 2023
Figure 25: Powell Industries: Revenue Share, by Business Unit, FY 2023
Figure 26: Powell Industries: Revenue Share, by Country/Region, FY 2023
Figure 27: Rockwell Automation: Revenue Share, by Business Unit, FY 2023
Figure 28: Rockwell Automation: Revenue Share, by Country/Region, FY 2023
Figure 29: Salzer Electronics Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 30: Salzer Electronics Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 31: Schneider Electric: Revenue Share, by Business Unit, FY 2023
Figure 32: Schneider Electric: Revenue Share, by Region, FY 2023
Figure 33: Siemens: Revenue Share, by Business Unit, FY 2023
Figure 34: Siemens: Revenue Share, by Country/Region, FY 2023
Figure 35: TE Connectivity: Revenue Share, by Business Unit, FY 2023
Figure 36: TE Connectivity: Revenue Share, by Country/Region, FY 2023

Companies Mentioned

  • ABB
  • Analog Devices Inc.
  • Cg Power & Industrial Solutions Ltd.
  • Eaton
  • Fanox
  • Fuji Electric Co. Ltd.
  • Littelfuse Inc.
  • Mitsubishi Electric Corp.
  • Noja Power Switchgear Pty Ltd.
  • Powell Industries
  • Rockwell Automation
  • Salzer Electronics Ltd.
  • Schneider Electric
  • Schweitzer Engineering Laboratories Inc.
  • Siemens
  • Te Connectivity
  • Toshiba Corp.
  • Ziv

Table Information

Report AttributeDetails
No. of Pages192
PublishedNovember 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 17.2 Billion
Forecasted Market Value ( USD ) by 2029 $ 26.8 Billion
Compound Annual Growth Rate9.2%
Regions CoveredGlobal
No. of Companies Mentioned18

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