About Relays
A device that senses the quantity of current flowing in the supply lines before entering the power system of the equipment or motor can prevent the motor from damage. A relay is one such electromechanical device that is actuated by electrical current. In a relay, the current flowing in one circuit causes the opening and closing of another circuit. Due to the simplicity, long life, and proven reliability, relays find extensive use in many applications, including digital computers, automation systems, and telephone exchanges.
Technavio’s analysts forecast the global protective relay market to grow at a CAGR of 10.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global protective relay market for 2016-2020. To calculate the market size, the report takes into account the revenue generated from the sales of the protective relays during the historical period.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Protective Relay Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• ABB
• Alstom
• GE
• SEL
• Siemens
Other prominent vendors
• Littelfuse
• Mitsubishi Electric
• NR Electric
• Honeywell International
• Itron
• Rockwell Automation
• S&C Electric
Market driver
• Modernization of substations
• For a full, detailed list, view our report
Market challenge
• Competition from local vendors
• For a full, detailed list, view our report
Market trend
• Emerging market for solid-state devices
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by application
• Market segmentation by application
• Global protective relay market for feeder protection
• Global protective relay market for transmission lines
• Global protective relay for motor protection
• Global protective relay for transformer protection
PART 07: Geographical segmentation
• Market segmentation by geography
• Protective relay market in APAC
• Protective relay market in Americas
• Protective relay market in EMEA
PART 08: Market drivers
• Modernization of substations
• Rise in automation
• Growth in urbanization
PART 09: Impact of drivers
PART 10: Market challenges
• Competition from local vendors
• Minimal product differentiation
• Stringent regulatory standards regarding testing of relays
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Emerging market for solid-state devices
• Rise in the implementation of HVDC lines
• Demand from BRICS countries
PART 13: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 14: Key vendor analysis
• ABB
• Alstom
• GE
• SEL
• Siemens
PART 15: Appendix
• List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global protective relay market
Exhibit 03: Global protective relay market ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global protective relay market by application 2015-2020
Exhibit 06: Global protective relay market for feeder protection ($ billions)
Exhibit 07: Global protective relay market for transmission lines ($ millions)
Exhibit 08: Global T&D equipment market 2014-2019 ($ billions)
Exhibit 09: Global protective relay market for motor protection ($ millions)
Exhibit 10: Global protective relay market for transformer protection ($ millions)
Exhibit 11: Market segmentation by geography 2015-2020
Exhibit 12: Protective relay market in APAC ($ billions)
Exhibit 13: Installed photovoltaic power (MW) in APAC 2010-2014
Exhibit 14: Protective relay market in Americas ($ billions)
Exhibit 15: Protective relay market in EMEA ($ billions)
Exhibit 16: Installed photovoltaic capacity in Europe 2010-2014 (MWh)
Exhibit 17: Impact of drivers
Exhibit 18: Impact of drivers and challenges
Exhibit 19: Global HVDC transmission market ($ billions)
Exhibit 20: Protective relay in ABB
Exhibit 21: Protective relay in Alstom
Exhibit 22: Protective relay in Siemens
