Market Overview:
The global single-phase voltage monitoring relays market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient appliances and equipment, and rising concerns about power outages. The global single-phase voltage monitoring relays market is segmented by type, application, and region. By type, the market is divided into over voltage relay and under voltage relay. By application, the market is classified into industrial use, commercial use, residential use, and others. The industrial use segment dominates the global single-phase voltage monitoring relays market due to increased demand for energy-efficient appliances from industries such as automotive manufacturing and processing plants.
Product Definition:
Single-phase voltage monitoring relays are used to monitor the voltage in a single-phase circuit. They are important because they can help protect equipment from damage caused by low or high voltages.
Over Voltage Relay:
Over voltage relay is a device used to protect electronic devices and electric circuits from excessive voltage. Overvoltage can lead to destruction of integrated circuits, cables, and other equipment. These are mainly classified into two types: switching type and non-switching type.
Under Voltage Relay:
Under voltage relay is a device used to protect electric tools from receiving an insufficient voltage supply. It works on the principle of short-circuit protection by making sure that the current flow in the event of a fault is not more than 0.5 A and also it does not cause any damage to the connected equipment.
Application Insights:
The industrial use segment accounted for the largest revenue share of over 60% in 2017. The growing demand for single-phase voltage monitoring relays in power generation, oil & gas, chemical and other industries is expected to drive the product demand over the forecast period.
Single-phase voltage monitoring relay provides reliable protection against under/overvoltage conditions that may damage or destroy electrical equipment. These devices can also protect human life by preventing accidents caused due to improper line frequency conversion or tripping of protective relays installed at distribution panels. Single phase monitor relay is used with caution in medical applications as it may cause harm if triggered during a power failure situation when emergency lighting systems are turned on automatically across hospitals and clinics overnight hours to ensure safety along with energy conservation efforts globally.
Commercial use was estimated as one of the fastest growing application segments owing to increasing adoption across data centers, telecom facilities.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rising industrialization, increasing commercial construction activities, and growing demand from residential consumers. Moreover, rising awareness regarding voltage monitoring systems among end-users is anticipated to propel market growth over the forecast period.
The Middle East & Africa (MEA) region is projected to witness significant growth during the forecast years owing to rapid development in various sectors such as oil & gas, water management etc., which results into high requirement of single-phase voltage monitoring relays across various applications in this region. In addition, increasing number of power outages due increases in energy consumption has resulted into increased demand for these products across several countries including UAE and Saudi Arabia etc.
Growth Factors:
- Increasing demand for voltage monitoring relays in the industrial sector to protect equipment from damage
- Growing popularity of single-phase voltage monitoring relays in residential and commercial buildings for safety purposes
- Rising concerns over power quality and its impact on electronic equipment, which is driving the demand for voltage monitoring relays
- Proliferation of smart grids and the need for advanced protection devices that can help mitigate power outages and blackouts
- Technological advancements that have led to the development of more reliable and efficient single-phase voltage monitoring relays
Scope Of The Report
Report Attributes
Report Details
Report Title
Single-Phase Voltage Monitoring Relays Market Research Report
By Type
Over Voltage Relay, Under Voltage Relay
By Application
Industrial Use, Commercial Use, Residential Use, Others
By Companies
Eaton, Siemens, Novatek Electro, OMRON, Crouzet, ELKO EP, PHOENIX CONTACT, Eaton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Single-Phase Voltage Monitoring Relays Market Report Segments:
The global Single-Phase Voltage Monitoring Relays market is segmented on the basis of:
Types
Over Voltage Relay, Under Voltage Relay
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Use, Commercial Use, Residential Use, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- Siemens
- Novatek Electro
- OMRON
- Crouzet
- ELKO EP
- PHOENIX CONTACT
- Eaton
Highlights of The Single-Phase Voltage Monitoring Relays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Over Voltage Relay
- Under Voltage Relay
- By Application:
- Industrial Use
- Commercial Use
- Residential Use
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Single-Phase Voltage Monitoring Relays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A single-phase voltage monitoring relay is a type of electrical relay that monitors the voltage at one or more points in a circuit. When the monitored voltage falls below a certain threshold, the relay will activate to open the circuit.
Some of the major players in the single-phase voltage monitoring relays market are Eaton, Siemens, Novatek Electro, OMRON, Crouzet, ELKO EP, PHOENIX CONTACT, Eaton.
The single-phase voltage monitoring relays market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Single-Phase Voltage Monitoring Relays Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Single-Phase Voltage Monitoring Relays Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Single-Phase Voltage Monitoring Relays Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Single-Phase Voltage Monitoring Relays Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Single-Phase Voltage Monitoring Relays Market Size & Forecast, 2020-2028 4.5.1 Single-Phase Voltage Monitoring Relays Market Size and Y-o-Y Growth 4.5.2 Single-Phase Voltage Monitoring Relays Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Over Voltage Relay
5.2.2 Under Voltage Relay
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Commercial Use
6.2.3 Residential Use
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single-Phase Voltage Monitoring Relays Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Single-Phase Voltage Monitoring Relays Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Over Voltage Relay
9.6.2 Under Voltage Relay
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Commercial Use
9.10.3 Residential Use
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Over Voltage Relay
10.6.2 Under Voltage Relay
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Commercial Use
10.10.3 Residential Use
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Over Voltage Relay
11.6.2 Under Voltage Relay
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Commercial Use
11.10.3 Residential Use
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Over Voltage Relay
12.6.2 Under Voltage Relay
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Commercial Use
12.10.3 Residential Use
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Over Voltage Relay
13.6.2 Under Voltage Relay
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Commercial Use
13.10.3 Residential Use
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Single-Phase Voltage Monitoring Relays Market: Competitive Dashboard
14.2 Global Single-Phase Voltage Monitoring Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Siemens
14.3.3 Novatek Electro
14.3.4 OMRON
14.3.5 Crouzet
14.3.6 ELKO EP
14.3.7 PHOENIX CONTACT
14.3.8 Eaton