Market Overview:
The global numerical 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 automation and control in various industries, and the growing need for protection against overcurrent, arc protection, motor protection, transformer protection, capacitor bank protection, generator protection and others. North America is expected to hold the largest share of the global numerical relay market in 2018. Asia Pacific is projected to be the fastest-growing region during the forecast period.
Product Definition:
A numerical relay is a type of relay that operates by counting the number of times its input contacts are closed. This type of relay is often used in industrial applications to control machinery or other devices based on a specific number of cycles.
Overcurrent Protection:
Overcurrent protection is a device used to reduce the current flow in an electric circuit. The overcurrent protection devices are classified into two types: fixed and switched. Fixed overcurrent protection consists of various mechanical and electrical components such as a spring, clamps, or fuses which can limit the current flow in case of short circuits or overload situations.
Arc Protection:
Arc protection is a service provided by the Numerical Relay industry to protect the equipment from lightning strikes. It prevents damage to electrical components and ensures reliable operation of the equipment.
Numerical relay is an electronic device that enables two-way communication between customers and suppliers, or any other end point with a signal of one or more data signals.
Application Insights:
Electricity application segment dominated the global numerical relay market in 2017, accounting for over 40% of the overall revenue share. The segment is expected to continue its dominance over the forecast period owing to increasing demand for electric power generation and transmission systems. Automation control application segment accounted for a significant revenue share in 2017 due to growing industrialization and urbanization resulting in an increased need for automation control systems.
The others application segment includes oil & gas, chemical, healthcare, food & beverage and manufacturing sectors among others. This sector has a significant requirement of relays that are used across various applications such as process control protection from machine failure or slowdown with no damage caused., HVAC (heating ventilation air conditioning) system operation safety monitoring etcetera. These types of applications are expected to witness growth at a steady rate during the forecast period owingto their rising requirements worldwide.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing demand for automation and rising need for protection devices that can withstand heavy workloads with minimal operational costs. Moreover, growing awareness regarding electrical safety among consumers is also anticipated to drive regional product demand in near future.
Asia Pacific is expected to emerge as the fastest-growing regional market from 2018 to 2030 owing to rapid industrialization and urbanization across emerging economies such as China, India, Indonesia, Malaysia and Thailand (CIMT). In addition, increasing government spending on infrastructure development activities coupled with rising energy consumption has led manufacturers in this region towards adopting relay products for ensuring power quality at its best possible output level thus minimizing operational costs associated with electricity theft occurrence or damage caused by short circuits/faults along transmission lines/lineshafts etc., which further drives industry growth over the projected period of time.
Growth Factors:
- Increasing demand for numerical relay in the industrial sector
- Growing awareness about the benefits of using numerical relay over traditional relays
- Rising demand for energy-efficient and reliable electrical systems
- Proliferation of smart grids and automation technologies
- Growing investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Numerical Relay Market Research Report
By Type
Overcurrent Protection, Arc Protection, Motor Protection, Transformer Protection, Capacitor Bank Protection, Generator Protection, Others
By Application
Electricity, Automation Control, 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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Numerical Relay Market Report Segments:
The global Numerical Relay market is segmented on the basis of:
Types
Overcurrent Protection, Arc Protection, Motor Protection, Transformer Protection, Capacitor Bank Protection, Generator Protection, Others
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
Electricity, Automation Control, 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 Numerical 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
- Arc Protection
- Motor Protection
- Transformer Protection
- Capacitor Bank Protection
- Generator Protection
- Others
- By Application:
- Electricity
- Automation Control
- 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 Numerical 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?
Numerical relay is a communication technology used to send data over long distances by using coded pulses of light. The sender encodes the data into short, numbered pulses and sends them out over a beam of light. The receiver uses a special detector to decode the pulses and extract the information they contain.
Some of the major companies in the numerical relay market are ABB, Schneider Electric, GE, Siemens, Nissin Electric, Eaton, Littelfuse, CIRCUTOR, Fanox, Selec Controls, DEIF.
The numerical 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 Numerical 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 Numerical Relay Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Numerical 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 Numerical 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 Numerical Relay Market Size & Forecast, 2018-2028 4.5.1 Numerical Relay Market Size and Y-o-Y Growth 4.5.2 Numerical Relay Market Absolute $ Opportunity
Chapter 5 Global Numerical 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 Numerical Relay Market Size Forecast by Type
5.2.1 Overcurrent Protection
5.2.2 Arc Protection
5.2.3 Motor Protection
5.2.4 Transformer Protection
5.2.5 Capacitor Bank Protection
5.2.6 Generator Protection
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Numerical 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 Numerical Relay Market Size Forecast by Applications
6.2.1 Electricity
6.2.2 Automation Control
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Numerical 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 Numerical 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 Numerical Relay Analysis and Forecast
9.1 Introduction
9.2 North America Numerical 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 Numerical Relay Market Size Forecast by Type
9.6.1 Overcurrent Protection
9.6.2 Arc Protection
9.6.3 Motor Protection
9.6.4 Transformer Protection
9.6.5 Capacitor Bank Protection
9.6.6 Generator Protection
9.6.7 Others
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 Numerical Relay Market Size Forecast by Applications
9.10.1 Electricity
9.10.2 Automation Control
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 Numerical Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Numerical 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 Numerical Relay Market Size Forecast by Type
10.6.1 Overcurrent Protection
10.6.2 Arc Protection
10.6.3 Motor Protection
10.6.4 Transformer Protection
10.6.5 Capacitor Bank Protection
10.6.6 Generator Protection
10.6.7 Others
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 Numerical Relay Market Size Forecast by Applications
10.10.1 Electricity
10.10.2 Automation Control
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 Numerical Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Numerical 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 Numerical Relay Market Size Forecast by Type
11.6.1 Overcurrent Protection
11.6.2 Arc Protection
11.6.3 Motor Protection
11.6.4 Transformer Protection
11.6.5 Capacitor Bank Protection
11.6.6 Generator Protection
11.6.7 Others
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 Numerical Relay Market Size Forecast by Applications
11.10.1 Electricity
11.10.2 Automation Control
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 Numerical Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Numerical 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 Numerical Relay Market Size Forecast by Type
12.6.1 Overcurrent Protection
12.6.2 Arc Protection
12.6.3 Motor Protection
12.6.4 Transformer Protection
12.6.5 Capacitor Bank Protection
12.6.6 Generator Protection
12.6.7 Others
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 Numerical Relay Market Size Forecast by Applications
12.10.1 Electricity
12.10.2 Automation Control
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) Numerical Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Numerical 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) Numerical Relay Market Size Forecast by Type
13.6.1 Overcurrent Protection
13.6.2 Arc Protection
13.6.3 Motor Protection
13.6.4 Transformer Protection
13.6.5 Capacitor Bank Protection
13.6.6 Generator Protection
13.6.7 Others
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) Numerical Relay Market Size Forecast by Applications
13.10.1 Electricity
13.10.2 Automation Control
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 Numerical Relay Market: Competitive Dashboard
14.2 Global Numerical 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