The global electrical protection relays market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for electrical protection relays in various applications such as electronics, automotive, home appliances, communications, marine and industrial sectors.
High voltage electrical protection relays are expected to account for the largest share of the global market in terms of revenue during the forecast period due to their high demand in industries such as utilities and power generation. Medium voltage electrical protection relays are expected to account for a significant share of revenue due to their high demand in industries such as telecommunications and transportation sectors. Low voltage electrical protection relay segment is projected to grow at a higher CAGR than other segments owing to its wide application across various industries including electronics and automotive sector.
5a) Increasing awareness about electrical protection relay among end-users will be another factor that will drive its adoption rate over time, as more people become aware about its benefits and features, which are not available with other types of protective devices such as fuses or circuit breakers; 5b) Increased awareness about electrical protection relay among end-users will be another factor that will drive its adoption rate over time, as more people become aware about its benefits and features, which are not available with other types of protective devices such as fuses or circuit breakers; 5c) Increased awareness about electrical protection relay among end-users will be another factor that will drive its adoption rate over time, as more people become aware about its benefits and features, which are not available with other types of protective devices such as fuses or circuit breakers; 5d) Increased awareness about electrical protection relay among end-users will be another factor that will drive its adoption rate over time, as more people become aware about its benefits and features, which are not available with other types of protective devices such as fuses or circuit breakers; 5e) Increased awareness about electrical protection relay among end-users will be another factor that will drive its adoption rate over time, as more people become aware about its benefits and features.
Some Of The Growth Factors Of This Market:
- The increasing demand for electrical protection relays from the industrial sector is a major factor driving the growth of this market.
- The need to comply with safety standards and regulations is also driving the growth of this market.
- The increasing demand for electrical protection relays from the residential sector is another factor that will drive the growth of this market in future years.
- Increasing investments in research and development activities by key players in this industry will also fuel the growth of this market over time, as they develop new products and technologies to meet customer needs and requirements, which are not currently being met by existing products or technologies on offer in the marketplace today.
Industry Growth Insights published a new data on “Electrical Protection Relays Market”. The research report is titled “Electrical Protection Relays Market research by Types (High Voltage, Medium Voltage, Low Voltage), By Applications (Electronics, Automotive, Home Appliances, Communications, Marine, Industrial, Utilities, Otherrs), By Players/Companies ABB, Omron, Schneider Electric, Honeywell, Eaton, Siemens, TE Connectivity, Rockwell Automation, Panasonic, Fujitsu, HONGFA, Hengstler, Teledyne Relays, Xinling Electric, Crouzet, CHINT, NTE Electronics, Phoenix Contact”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Protection Relays Market Research Report
By Type
High Voltage, Medium Voltage, Low Voltage
By Application
Electronics, Automotive, Home Appliances, Communications, Marine, Industrial, Utilities, Otherrs
By Companies
ABB, Omron, Schneider Electric, Honeywell, Eaton, Siemens, TE Connectivity, Rockwell Automation, Panasonic, Fujitsu, HONGFA, Hengstler, Teledyne Relays, Xinling Electric, Crouzet, CHINT, NTE Electronics, Phoenix Contact
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Protection Relays Market Report Segments:
The global Electrical Protection Relays market is segmented on the basis of:
Types
High Voltage, Medium Voltage, Low Voltage
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
Electronics, Automotive, Home Appliances, Communications, Marine, Industrial, Utilities, Otherrs
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:
- ABB
- Omron
- Schneider Electric
- Honeywell
- Eaton
- Siemens
- TE Connectivity
- Rockwell Automation
- Panasonic
- Fujitsu
- HONGFA
- Hengstler
- Teledyne Relays
- Xinling Electric
- Crouzet
- CHINT
- NTE Electronics
- Phoenix Contact
Highlights of The Electrical Protection 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:
- High Voltage
- Medium Voltage
- Low Voltage
- By Application:
- Electronics
- Automotive
- Home Appliances
- Communications
- Marine
- Industrial
- Utilities
- Otherrs
- 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 Electrical Protection 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?
An electrical protection relay is a safety device that monitors and protects electrical systems from overloads, short circuits, or other unsafe conditions.
Some of the major players in the electrical protection relays market are ABB, Omron, Schneider Electric, Honeywell, Eaton, Siemens, TE Connectivity, Rockwell Automation, Panasonic, Fujitsu, HONGFA, Hengstler, Teledyne Relays, Xinling Electric, Crouzet, CHINT, NTE Electronics, Phoenix Contact.
The electrical protection relays market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrical Protection Relays Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrical Protection Relays Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrical Protection Relays Market - Supply Chain
4.5. Global Electrical Protection Relays Market Forecast
4.5.1. Electrical Protection Relays Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrical Protection Relays Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrical Protection Relays Market Absolute $ Opportunity
5. Global Electrical Protection Relays Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrical Protection Relays Market Size and Volume Forecast by Type
5.3.1. High Voltage
5.3.2. Medium Voltage
5.3.3. Low Voltage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrical Protection Relays Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrical Protection Relays Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Automotive
6.3.3. Home Appliances
6.3.4. Communications
6.3.5. Marine
6.3.6. Industrial
6.3.7. Utilities
6.3.8. Otherrs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrical Protection Relays Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrical Protection Relays Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrical Protection Relays Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrical Protection Relays Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrical Protection Relays Demand Share Forecast, 2019-2026
9. North America Electrical Protection Relays Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrical Protection Relays Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrical Protection Relays Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Automotive
9.4.3. Home Appliances
9.4.4. Communications
9.4.5. Marine
9.4.6. Industrial
9.4.7. Utilities
9.4.8. Otherrs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrical Protection Relays Market Size and Volume Forecast by Type
9.7.1. High Voltage
9.7.2. Medium Voltage
9.7.3. Low Voltage
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrical Protection Relays Demand Share Forecast, 2019-2026
10. Latin America Electrical Protection Relays Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrical Protection Relays Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrical Protection Relays Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Automotive
10.4.3. Home Appliances
10.4.4. Communications
10.4.5. Marine
10.4.6. Industrial
10.4.7. Utilities
10.4.8. Otherrs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrical Protection Relays Market Size and Volume Forecast by Type
10.7.1. High Voltage
10.7.2. Medium Voltage
10.7.3. Low Voltage
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrical Protection Relays Demand Share Forecast, 2019-2026
11. Europe Electrical Protection Relays Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrical Protection Relays Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrical Protection Relays Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Automotive
11.4.3. Home Appliances
11.4.4. Communications
11.4.5. Marine
11.4.6. Industrial
11.4.7. Utilities
11.4.8. Otherrs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrical Protection Relays Market Size ad Volume Forecast by Type
11.7.1. High Voltage
11.7.2. Medium Voltage
11.7.3. Low Voltage
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrical Protection Relays Demand Share, 2019-2026
12. Asia Pacific Electrical Protection Relays Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrical Protection Relays Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrical Protection Relays Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Automotive
12.4.3. Home Appliances
12.4.4. Communications
12.4.5. Marine
12.4.6. Industrial
12.4.7. Utilities
12.4.8. Otherrs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrical Protection Relays Market Size and Volume Forecast by Type
12.7.1. High Voltage
12.7.2. Medium Voltage
12.7.3. Low Voltage
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrical Protection Relays Demand Share, 2019-2026
13. Middle East & Africa Electrical Protection Relays Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrical Protection Relays Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrical Protection Relays Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Automotive
13.4.3. Home Appliances
13.4.4. Communications
13.4.5. Marine
13.4.6. Industrial
13.4.7. Utilities
13.4.8. Otherrs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrical Protection Relays Market Size and Volume Forecast by Type
13.7.1. High Voltage
13.7.2. Medium Voltage
13.7.3. Low Voltage
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrical Protection Relays Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electrical Protection Relays Market: Market Share Analysis
14.2. Electrical Protection Relays Distributors and Customers
14.3. Electrical Protection Relays Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Omron
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Eaton
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TE Connectivity
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rockwell Automation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Panasonic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fujitsu
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HONGFA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hengstler
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Teledyne Relays
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xinling Electric
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Crouzet
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. CHINT
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. NTE Electronics
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Phoenix Contact
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
