Market Overview:
The global three-phase current 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 equipment and rising awareness about safety and security measures. Based on type, the global three-phase current relays market is segmented into under-current detection and over-current detection. The under-current detection segment is expected to grow at a higher CAGR than the over-current detection segment during the forecast period. This can be attributed to the growing demand for energy conservation in industrial applications. Based on application, the global three phase current relay market is divided into industrial use, commercial use, residential use, and others (transportation sector, oil & gas sector). The industrial use segment dominates this market owing to increased adoption of these devices in various industries such as automotive, metal fabrication & processing plants etc., where efficient power management systems are required for smooth operations of machines/equipment’s .
Product Definition:
A three-phase current relay is a type of electrical relay that is used to detect the presence of three-phase current in an electrical circuit. The purpose of a three-phase current relay is to provide protection against damage to equipment due to overcurrents or short circuits in the circuit.
Under-Current Detection:
Under-current detection is a technique used to monitor the current flow in the circuit. It helps to detect short circuits and opens in the electrical network. The under-current detection system consists of two main parts, namely sensors and an electronic device that processes the information obtained from sensors.
The three-phase current relays are widely used for industrial automation applications such as motor control, process control, etc.
Over-Current Detection:
Over-Current Detection (OCD) is a technique used to monitor the current flow in an electric circuit. It helps protect the equipment from damage due to overloading and short circuits. The current measurement takes place at two points in the circuit, i.e., sample point and reference point, using different currents for comparison purposes. The comparison of two currents provides information about any abnormalities or faults that may occur in the electrical network along with their location and severity rating.
Application Insights:
The industrial use segment led the market and accounted for more than 60.0% share of the global revenue in 2017. The growing demand for reliable power supply across various industries, such as oil & gas, steel, cement and manufacturing is expected to drive the product demand over the forecast period.
The commercial use segment is anticipated to witness significant growth over the forecast period owing to increasing adoption of three-phase current relays in data centers and corporate offices worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising demand for electric power in developing economies, such as China and India. In addition, growing commercial construction activities are also anticipated to drive the market in Asia Pacific region.
The European market accounted for a significant share of global Three-Phase Current Relays Market by Type (Under-Current Detection, Over-Current Detection), By Application (Industrial Use, Commercial Use, Residential Use) and Region (North America, Latin America) owing to early adoption of technologies across several sectors including oil & gas industry; water treatment; transportation; healthcare sector among others. Moreover it has been observed that countries like Germany have adopted standard IEC 61800 3PCT standards which include Under Voltage Protection Systems(UVP), Over Voltage Protection Systems(OVS)and Frequency Transient Suppression(FTS).
Growth Factors:
- Increasing demand for three-phase current relays from the automotive industry as they are used in various applications such as engine control, powertrain control, and chassis control
- Growing demand for three-phase current relays from the construction sector due to their use in various applications such as elevators, escalators, and HVAC systems
- Rising popularity of energy efficient buildings that require advanced controls and protection systems which is expected to boost the growth of the three-phase current relay market
- Increasing number of data centers across the globe that need reliable protection against overcurrents and short circuits is anticipated to fuel the growth of this market during forecast period
- Growing awareness about safety among consumers is likely to propel the growth of Three-Phase Current Relays market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Three-Phase Current Relays Market Research Report
By Type
Under-Current Detection, Over-Current Detection
By Application
Industrial Use, Commercial Use, Residential Use, Others
By Companies
ABB, Eaton, OMRON, ELKO EP, 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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Three-Phase Current Relays Market Report Segments:
The global Three-Phase Current Relays market is segmented on the basis of:
Types
Under-Current Detection, Over-Current Detection
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, Residential 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
- Eaton
- OMRON
- ELKO EP
- ABB
Highlights of The Three-Phase Current 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:
- Under-Current Detection
- Over-Current Detection
- By Application:
- Industrial Use
- Commercial Use
- Residential 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 Three-Phase Current 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
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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?
Three-phase current relays are used to control the flow of electricity in three phases.
Some of the major players in the three-phase current relays market are ABB, Eaton, OMRON, ELKO EP, ABB.
The three-phase current 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 Three-Phase Current 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 Three-Phase Current Relays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three-Phase Current 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 Three-Phase Current 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 Three-Phase Current Relays Market Size & Forecast, 2020-2028
4.5.1 Three-Phase Current Relays Market Size and Y-o-Y Growth
4.5.2 Three-Phase Current 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 Under-Current Detection
5.2.2 Over-Current Detection
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 Residential Use
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Three-Phase Current 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 Three-Phase Current 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 Under-Current Detection
9.6.2 Over-Current Detection
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 Residential Use
9.10.4 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 Under-Current Detection
10.6.2 Over-Current Detection
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 Residential Use
10.10.4 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 Under-Current Detection
11.6.2 Over-Current Detection
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 Residential Use
11.10.4 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 Under-Current Detection
12.6.2 Over-Current Detection
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 Residential Use
12.10.4 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 Under-Current Detection
13.6.2 Over-Current Detection
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 Residential Use
13.10.4 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 Three-Phase Current Relays Market: Competitive Dashboard
14.2 Global Three-Phase Current Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton
14.3.3 OMRON
14.3.4 ELKO EP
14.3.5 ABB
