Protective Relay Market
In the year 2015, global protective relay market was valued at $2590.1 million and is expected to grow at CAGR of more than 5% over the forecast period. Increase in number of power and infrastructure projects in the Asia-Pacific region along with increased investments in the T and D network worldwide is considered as the reason for the rise in the demand of protective relays.
In the year 2015, global protective relay market was valued at $2590.1 million and is expected to grow at CAGR of more than 5% over the forecast period. Increase in number of power and infrastructure projects in the Asia-Pacific region along with increased investments in the T and D network worldwide is considered as the reason for the rise in the demand of protective relays.
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"Medium voltage accounted for highest market share in 2015"
In the year 2015 medium voltage sector consumed over 40% of the total market share. Increase in application of
protective relays in power substations and systems is the reason for such high consumption. The demand for
infrastructure and electricity is increasing in the nations such as UAE, Japan, Saudi Arabia, China and India due to rapid
increase in the population relocation. Hence the increase in demand for electricity is expected to drive the market over
the next 8 years.
"Criticality of protection of cables & lines expected to drive demand for feeder protection"
Feeder protection segment accounted for over 20% of the total revenue in the year 2015. The increasing need of
protective relays used to protect the power transmission lines is estimated to boost the demand of protective relays over
the next few years.
Chances of failure in the power transmission lines are more as compared to other factors due to their attributes such as
length which is excessive to operate in open environment. This the reason lines and cables assembly needs dedicated
protection that is promptly provided by protection relays.
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"ABB, Siemens, Schneider and GE held significant market share in 2015"
The protective relay industry is consolidated and highly competitive with few key market players consuming over 60% of
the total revenue share. Important players such as Siemens & Schneider along with GE-Alstom dominate the market,
making it difficult for new players to enter the market. Innovation, new product development and product diversification
are the strategies that are being implemented by the key players to remain competitive in the industry.
Market Segment:
Protective Relay Voltage Outlook (Revenue, USD Million; 2014 - 2024)
• Low
• Medium
• High
Protective Relay Application Outlook (Revenue, USD Million; 2014 - 2024)
• Feeder Protection
• Generator Protection
• Bus-Bar Protection
• Capacitor Bank Protection
• Breaker Protection
• Transformer Protection
• Others
Protective Relay End-Use Outlook (Revenue, USD Million; 2014 - 2024)
• Infrastructure
• Industrial
• Government
• Power
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