The Protective Relay Market size is expected to grow at an annual average of 4% during 2021-2027. A protective relay is switchgear that trips a circuit breaker upon detection of a fault. These devices are independent and compact and are designed to detect anomalies by continuously measuring an electrical quantity. Upon detecting a fault, the protective relay will trigger a circuit breaker to disconnect the faulty circuit.
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Company Profile
ABB Group
Alstom SA
Eaton Corporation
General Electric Company
Littelfuse, Inc.
Mitsubishi Electric Corporation
Schneider Electric
Schweitzer Engineering Laboratories, Inc.
Siemens AG
Woodward, Inc.
Market – Segmentation
By Application
Transmission line
Busbar
Transformer
Feeder
Generator
Motor
Others (Capacitor banks & filterbanks Protection, Breaker Protection, & Interconnection Protection)
By End-User:
Utilities
Industrial
Railways
Others (airports, hospitals, commercial complexes and data centers)
By Technology:
Electromechanical & Static Relay
Digital & Numerical Relay
Scope of the Report
The research study analyzes the Global Protective Relay Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Protective Relay Market Report
1. What was the Protective Relay Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Protective Relay Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Protective Relay Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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