Market Overview:
The global digital protective relay 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 protection relays in industrial and infrastructure applications. Additionally, the growing demand for smart grid technologies is also contributing to the growth of the global digital protective relay market. The global digital protective relay market can be segmented by type, application, and region. By type, the market can be divided into overcurrent protection relays, arc protection relays, motor protection relays, transformer protection relays capacitor bank protection relays other types).,SiemensAG.,ABBLtd.,EatonCorp.
Product Definition:
A digital protective relay is a device used to protect an electrical circuit from faults or overcurrents. It monitors the current and voltage in the circuit and opens or closes a switch to interrupt power if it detects an abnormality. Digital protective relays are important because they can detect very small abnormalities in current and voltage, which can prevent damage to equipment or injury to people.
Overcurrent Protection Relay:
Overcurrent protection relay is a device that monitors the current flow in an electric circuit and trips (automaticlly) when the current flow exceeds a pre-determined value. The major application of OPRL is to protect electronic devices from damage caused by high amperage short circuits or overloads.
The global overcurrent protection relay market size was valued at USD 6,FABT 484 million in 2015.
Arc Protection Relay:
The Arc Protection Relay is a device that helps in the protection of electrical transmission lines from arcing. It works by providing an additional path for current to flow around the line and therefore, prevents it from causing damage. The primary function of these devices is to protect people and equipment located along the power line. They also help in reducing risks associated with arc flash incidents which can occur due to high voltage electricity flow along transmission or distribution lines.
Application Insights:
The demand for the global digital protective relay has witnessed a paradigm shift due to growing need for protection relays in industrial and infrastructural applications. The increasing number of power outages, brownouts and electrical grid failures across various regions have led to increased adoption of these devices.
The industrial segment dominated the overall industry with over 40% revenue share in 2017. This is attributed to high usage of protective relays in manufacturing facilities that are prone to power outages or electrical grid failure situations where conventional switchgear may not be available or workable options may be too expensive or complex. Protective relays can also provide additional safety measures such as limiting the machine operation time if there is an emergency situation on primary control systems level which further boosts its demand globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and infrastructure development in emerging economies, such as China and India. In addition, rising investments in renewable energy projects are also anticipated to drive demand for protective relays across this region.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to its large manufacturing sector and rapid industrialization. Furthermore, growing infrastructural needs coupled with rapidly expanding electrical & electronics industry is further expected to fuel product demand across this region over the forecast period.
Growth Factors:
- Increasing demand for digital protective relays from the utility sector as a result of the growing need for protection and control of power systems
- Rapid growth in renewable energy sources, such as solar and wind, which are often connected to the grid without any form of protection, resulting in an increased demand for digital protective relays
- The increasing popularity of microgrids and distributed generation systems that also require protection from faults or abnormal operating conditions
- The continued development and deployment of smart grids, which rely on advanced communications and controls to improve system reliability and efficiency
- Growing concerns about cybersecurity threats to critical infrastructure, including power grids, which is driving investments in security solutions including digital protective relays
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Protective Relay Market Research Report
By Type
Overcurrent Protection Relay, Arc Protection Relay, Motor Protection Relay, Transformer Protection Relay, Capacitor Bank Protection Relay, Other
By Application
Industrial, Infrastructure, Others
By Companies
ABB, Schneider Electric, GE, Siemens, Nissin Electric, Eaton, Littelfuse, CIRCUTOR, Fanox, Selec Controls, DEIF
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Digital Protective Relay Market Report Segments:
The global Digital Protective Relay market is segmented on the basis of:
Types
Overcurrent Protection Relay, Arc Protection Relay, Motor Protection Relay, Transformer Protection Relay, Capacitor Bank Protection Relay, Other
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, Infrastructure, 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:
- ABB
- Schneider Electric
- GE
- Siemens
- Nissin Electric
- Eaton
- Littelfuse
- CIRCUTOR
- Fanox
- Selec Controls
- DEIF
Highlights of The Digital Protective Relay 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:
- Overcurrent Protection Relay
- Arc Protection Relay
- Motor Protection Relay
- Transformer Protection Relay
- Capacitor Bank Protection Relay
- Other
- By Application:
- Industrial
- Infrastructure
- 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 Digital Protective Relay 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 digital protective relay is a device that helps protect electronic equipment from power surges and other electrical disturbances.
Some of the key players operating in the digital protective relay market are ABB, Schneider Electric, GE, Siemens, Nissin Electric, Eaton, Littelfuse, CIRCUTOR, Fanox, Selec Controls, DEIF.
The digital protective relay market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Protective Relay 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 Digital Protective Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Protective Relay 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 Digital Protective Relay 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 Digital Protective Relay Market Size & Forecast, 2018-2028
4.5.1 Digital Protective Relay Market Size and Y-o-Y Growth
4.5.2 Digital Protective Relay Market Absolute $ Opportunity
Chapter 5 Global Digital Protective Relay 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 Digital Protective Relay Market Size Forecast by Type
5.2.1 Overcurrent Protection Relay
5.2.2 Arc Protection Relay
5.2.3 Motor Protection Relay
5.2.4 Transformer Protection Relay
5.2.5 Capacitor Bank Protection Relay
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Protective Relay 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 Digital Protective Relay Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Infrastructure
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Protective Relay 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 Digital Protective Relay 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 Digital Protective Relay Analysis and Forecast
9.1 Introduction
9.2 North America Digital Protective Relay 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 Digital Protective Relay Market Size Forecast by Type
9.6.1 Overcurrent Protection Relay
9.6.2 Arc Protection Relay
9.6.3 Motor Protection Relay
9.6.4 Transformer Protection Relay
9.6.5 Capacitor Bank Protection Relay
9.6.6 Other
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 Digital Protective Relay Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Infrastructure
9.10.3 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 Digital Protective Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Protective Relay 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 Digital Protective Relay Market Size Forecast by Type
10.6.1 Overcurrent Protection Relay
10.6.2 Arc Protection Relay
10.6.3 Motor Protection Relay
10.6.4 Transformer Protection Relay
10.6.5 Capacitor Bank Protection Relay
10.6.6 Other
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 Digital Protective Relay Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Infrastructure
10.10.3 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 Digital Protective Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Protective Relay 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 Digital Protective Relay Market Size Forecast by Type
11.6.1 Overcurrent Protection Relay
11.6.2 Arc Protection Relay
11.6.3 Motor Protection Relay
11.6.4 Transformer Protection Relay
11.6.5 Capacitor Bank Protection Relay
11.6.6 Other
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 Digital Protective Relay Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Infrastructure
11.10.3 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 Digital Protective Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Protective Relay 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 Digital Protective Relay Market Size Forecast by Type
12.6.1 Overcurrent Protection Relay
12.6.2 Arc Protection Relay
12.6.3 Motor Protection Relay
12.6.4 Transformer Protection Relay
12.6.5 Capacitor Bank Protection Relay
12.6.6 Other
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 Digital Protective Relay Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Infrastructure
12.10.3 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) Digital Protective Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Protective Relay 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) Digital Protective Relay Market Size Forecast by Type
13.6.1 Overcurrent Protection Relay
13.6.2 Arc Protection Relay
13.6.3 Motor Protection Relay
13.6.4 Transformer Protection Relay
13.6.5 Capacitor Bank Protection Relay
13.6.6 Other
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) Digital Protective Relay Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Infrastructure
13.10.3 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 Digital Protective Relay Market: Competitive Dashboard
14.2 Global Digital Protective Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 GE
14.3.4 Siemens
14.3.5 Nissin Electric
14.3.6 Eaton
14.3.7 Littelfuse
14.3.8 CIRCUTOR
14.3.9 Fanox
14.3.10 Selec Controls
14.3.11 DEIF
