Market Overview:
The global single-phase multifunction 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 solutions and the growing awareness about safety and security. Voltage measurement is the most commonly used type of function in single-phase multifunction monitoring relays, followed by current measurement. Industrial use is the largest application segment of the global single-phase multifunction monitoring relays market, followed by commercial use and others. North America dominates the global single-phase multifunction monitoring relays market, followed by Europe, Asia Pacific, Latin America and Middle East & Africa.
Product Definition:
A single-phase multifunction monitoring relay is a device used to monitor the health and status of single-phase electrical systems. The relay can be used to detect overloads, short circuits, and ground faults. The relay can also be used to monitor the voltage and current levels in the system. This information can help identify potential problems with the electrical system before they become serious issues.
Voltage Measurement:
Voltage measurement is the procedure of measuring voltage with the help of various instruments. It is used to measure electric potential difference between two points. Voltage can be measured between any two points, but it depends on instrumentation and accuracy requirements. There are many applications in different sectors such as power generation, oil & gas, chemical processing industry etc., which use this technology for their operations.
Current Measurement:
Current measurement is a method to determine the flow of electric current in single-phase multifunction monitoring relays. It helps to identify short circuits, overcurrents, and undercurrents in electrical networks. The technology measures both steady state and dynamic currents through self-heating probes or thermopiles.
Application Insights:
The industrial use segment accounted for the largest revenue share of over 60% in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for SPMRs with multifunction capabilities across a wide range of industries such as oil & gas, power generation, and manufacturing. These devices help reduce energy costs by monitoring critical process parameters and taking necessary preventive measures before any breakdown occurs.
Single-phase multifunction monitoring relays are used in commercial applications including data centers, hospitals, educational institutions and government buildings among others. Commercial facilities require highly efficient HVAC systems that work round the clock without failure or maintenance issues. Single-phase PMMs play an important role in controlling HVAC systems by ensuring reliable operation at all times thereby assuring high product adoption across commercial sectors such as healthcare, education and IT among others globally.
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 demand from end-use industries, such as manufacturing, oil & gas, and commercial facilities. In addition, increasing infrastructure activities are also anticipated to drive the market growth in this region.
The Middle East & Africa (MEA) is projected to grow at a significant rate during the forecast period owing to rising government investments in various sectors including energy and water management sector coupled with expanding industrial sector across countries such as Saudi Arabia and UAE. These factors are expected to boost industry expansion over next six years.
Growth Factors:
- Increasing demand for energy-efficient systems in commercial and industrial sectors
- Rapid growth of the renewable energy sector
- Rising concerns over grid security and reliability
- Proliferation of smart grids and the Internet of Things (IoT)
- Growing demand for reliable, real-time monitoring and control
Scope Of The Report
Report Attributes
Report Details
Report Title
Single-Phase Multifunction Monitoring Relays Market Research Report
By Type
Voltage Measurement, Current Measurement
By Application
Industrial Use, Commercial Use, Others
By Companies
ABB, Siemens, Power Automation, Novatek Electro, ABB
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Single-Phase Multifunction Monitoring Relays Market Report Segments:
The global Single-Phase Multifunction Monitoring Relays market is segmented on the basis of:
Types
Voltage Measurement, Current Measurement
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, 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
- Siemens
- Power Automation
- Novatek Electro
- ABB
Highlights of The Single-Phase Multifunction 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:
- Voltage Measurement
- Current Measurement
- By Application:
- Industrial Use
- Commercial 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 Multifunction 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 multifunction monitoring relay is a type of electrical relay that can be used to monitor the status of one or more circuits. These relays are typically used in commercial and industrial settings, where it is important to ensure that the circuits are operating correctly and without any problems.
Some of the major players in the single-phase multifunction monitoring relays market are ABB, Siemens, Power Automation, Novatek Electro, ABB.
The single-phase multifunction monitoring relays 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 Single-Phase Multifunction 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 Multifunction Monitoring Relays Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Single-Phase Multifunction 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 Multifunction 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 Multifunction Monitoring Relays Market Size & Forecast, 2020-2028 4.5.1 Single-Phase Multifunction Monitoring Relays Market Size and Y-o-Y Growth 4.5.2 Single-Phase Multifunction 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 Voltage Measurement
5.2.2 Current Measurement
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 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single-Phase Multifunction 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 Multifunction 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 Voltage Measurement
9.6.2 Current Measurement
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 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 Voltage Measurement
10.6.2 Current Measurement
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 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 Voltage Measurement
11.6.2 Current Measurement
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 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 Voltage Measurement
12.6.2 Current Measurement
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 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 Voltage Measurement
13.6.2 Current Measurement
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 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 Multifunction Monitoring Relays Market: Competitive Dashboard
14.2 Global Single-Phase Multifunction Monitoring Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Siemens
14.3.3 Power Automation
14.3.4 Novatek Electro
14.3.5 ABB