Market Overview:
The global protection relays market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for protection relays in automotive, industrial, and communications applications. Additionally, the growing demand for numerical and digital relays is also contributing to the growth of the global protection relays market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
Protection relays are devices used to protect electric power systems and electrical equipment from faults or abnormal conditions. Protection relays monitor the state of the system and trip (turn off) the circuit breaker when a fault is detected.
Electromechanical Relays:
Electromechanical relays are electronic switches that can be operated by a magnetic field. They are used in applications such as burglar alarms, intercoms, and data communication systems. The electromechanical relay market is expected to witness significant growth over the forecast period owing to its increasing application scope in various end-use industries including automotive & transportation and consumer electronics among others.
Static Relays:
Static relays are used to interrupt the current flow in order to protect devices from short circuits and damage. They can also be used as a ground return for protection against high-voltage supply systems.
The growing demand for electronic equipment that uses electricity, but are not connected to the power grid is driving the market growth of static relays.
Application Insights:
The global protection relays market has been segmented on the basis of application into automotive, industrial, communications, household appliances and others. The automotive application segment is expected to witness growth at a CAGR of XX% from 2018 to 2030. Automotive applications include engine control systems (ECS) and safety critical systems in vehicles. These are typically multi-phase electrical equipment that require protection against high voltage transients or overvoltage conditions for their operation correctly.
Automotive ECUs are highly integrated devices with multiple components operating at extremely high temperatures; they also have very fast switching characteristics which makes them susceptible to noise or power line frequency induced errors if any protective circuit is lacking in between the source device.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to rising industrialization and increasing demand for protection relays in various applications such as industrial, household, and automotive. In addition, growing investments by governments in developing countries are anticipated to fuel product demand. For instance, China has implemented numerous policies & regulations related to manufacturing safety equipment that includes protection relays. Such factors are projected to drive regional market growth during the forecast period.
The European region accounted for a significant share of revenue in 2017 owing to early adoption of technologies across several industries including oil & gas; healthcare; transportation; and others’).
Growth Factors:
- Increasing demand for protection relays from the utility sector as a result of growing investments in smart grid infrastructure
- Rising concerns over grid security and the need for enhanced protection against cyber-attacks
- Growing demand for energy storage systems that can help utilities better manage peak loads and improve system reliability
- Rapid expansion of renewable energy sources such as wind and solar, which are often more susceptible to outages than traditional power plants
- Proliferation of microgrids and distributed generation systems, which require sophisticated protection relays to ensure safe and reliable operation
Scope Of The Report
Report Attributes
Report Details
Report Title
Protection Relays Market Research Report
By Type
Electromechanical Relays, Static Relays, Digital Relays, Numerical Relays, Others
By Application
Automotive, Industrial, Communications, Household Appliance, Others
By Companies
Omron, TE Connectivity, Panasonic, Teledyne Relays, ABB, Schneider Electric, Eaton, Honeywell, Littelfuse, Rockwell Automation, Omron, Mitsubishi Electric, Larsen & Toubro, Fanox, Toshiba, Schweitzer Engineering Laboratories (SEL), CHINT Electrics, Basler Electric, NR Electric, Delixi Electric, LOVATO Electric, Minilec Group, PBSI Group, C&S Electric, Ashida Electronics
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Protection Relays Market Report Segments:
The global Protection Relays market is segmented on the basis of:
Types
Electromechanical Relays, Static Relays, Digital Relays, Numerical Relays, 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
Automotive, Industrial, Communications, Household Appliance, 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:
- Omron
- TE Connectivity
- Panasonic
- Teledyne Relays
- ABB
- Schneider Electric
- Eaton
- Honeywell
- Littelfuse
- Rockwell Automation
- Omron
- Mitsubishi Electric
- Larsen & Toubro
- Fanox
- Toshiba
- Schweitzer Engineering Laboratories (SEL)
- CHINT Electrics
- Basler Electric
- NR Electric
- Delixi Electric
- LOVATO Electric
- Minilec Group
- PBSI Group
- C&S Electric
- Ashida Electronics
Highlights of The 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:
- Electromechanical Relays
- Static Relays
- Digital Relays
- Numerical Relays
- Others
- By Application:
- Automotive
- Industrial
- Communications
- Household Appliance
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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- 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?
Protection relays are devices that help protect electrical equipment from overloads and surges. They can be used to protect computers, phones, appliances, and other electronic equipment.
Some of the major companies in the protection relays market are Omron, TE Connectivity, Panasonic, Teledyne Relays, ABB, Schneider Electric, Eaton, Honeywell, Littelfuse, Rockwell Automation, Omron, Mitsubishi Electric, Larsen & Toubro, Fanox, Toshiba, Schweitzer Engineering Laboratories (SEL), CHINT Electrics, Basler Electric, NR Electric, Delixi Electric, LOVATO Electric, Minilec Group, PBSI Group, C&S Electric, Ashida Electronics.
The protection 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 Protection 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 Protection Relays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Protection 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 Protection 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 Protection Relays Market Size & Forecast, 2018-2028
4.5.1 Protection Relays Market Size and Y-o-Y Growth
4.5.2 Protection Relays Market Absolute $ Opportunity
Chapter 5 Global Protection Relays 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 Protection Relays Market Size Forecast by Type
5.2.1 Electromechanical Relays
5.2.2 Static Relays
5.2.3 Digital Relays
5.2.4 Numerical Relays
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Protection Relays 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 Protection Relays Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial
6.2.3 Communications
6.2.4 Household Appliance
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Protection 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 Protection 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 Protection Relays Analysis and Forecast
9.1 Introduction
9.2 North America Protection Relays 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 Protection Relays Market Size Forecast by Type
9.6.1 Electromechanical Relays
9.6.2 Static Relays
9.6.3 Digital Relays
9.6.4 Numerical Relays
9.6.5 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 Protection Relays Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial
9.10.3 Communications
9.10.4 Household Appliance
9.10.5 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 Protection Relays Analysis and Forecast
10.1 Introduction
10.2 Europe Protection Relays 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 Protection Relays Market Size Forecast by Type
10.6.1 Electromechanical Relays
10.6.2 Static Relays
10.6.3 Digital Relays
10.6.4 Numerical Relays
10.6.5 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 Protection Relays Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial
10.10.3 Communications
10.10.4 Household Appliance
10.10.5 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 Protection Relays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Protection Relays 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 Protection Relays Market Size Forecast by Type
11.6.1 Electromechanical Relays
11.6.2 Static Relays
11.6.3 Digital Relays
11.6.4 Numerical Relays
11.6.5 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 Protection Relays Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial
11.10.3 Communications
11.10.4 Household Appliance
11.10.5 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 Protection Relays Analysis and Forecast
12.1 Introduction
12.2 Latin America Protection Relays 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 Protection Relays Market Size Forecast by Type
12.6.1 Electromechanical Relays
12.6.2 Static Relays
12.6.3 Digital Relays
12.6.4 Numerical Relays
12.6.5 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 Protection Relays Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial
12.10.3 Communications
12.10.4 Household Appliance
12.10.5 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) Protection Relays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Protection Relays 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) Protection Relays Market Size Forecast by Type
13.6.1 Electromechanical Relays
13.6.2 Static Relays
13.6.3 Digital Relays
13.6.4 Numerical Relays
13.6.5 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) Protection Relays Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial
13.10.3 Communications
13.10.4 Household Appliance
13.10.5 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 Protection Relays Market: Competitive Dashboard
14.2 Global Protection Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 TE Connectivity
14.3.3 Panasonic
14.3.4 Teledyne Relays
14.3.5 ABB
14.3.6 Schneider Electric
14.3.7 Eaton
14.3.8 Honeywell
14.3.9 Littelfuse
14.3.10 Rockwell Automation
14.3.11 Omron
14.3.12 Mitsubishi Electric
14.3.13 Larsen & Toubro
14.3.14 Fanox
14.3.15 Toshiba
14.3.16 Schweitzer Engineering Laboratories (SEL)
14.3.17 CHINT Electrics
14.3.18 Basler Electric
14.3.19 NR Electric
14.3.20 Delixi Electric
14.3.21 LOVATO Electric
14.3.22 Minilec Group
14.3.23 PBSI Group
14.3.24 C&S Electric
14.3.25 Ashida Electronics
