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Protection Relay Market by Type, Application, End User, Key Players and Regions - Global Industry Analysis & Forecast to 2027

Published On : August 2022 Pages : 154 Category: Electronics and Semiconductors Report Code : SE0817763

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The global Protection Relay Market is valued at USD XX billion in 2021 and is projected to reach USD XX billion by the end of 2027, growing at a CAGR of XX% during the period 2022 to 2027.

The report exhibit detail coverage of Protection Relay industry and market trends. The report also analyses present and past market values to forecast potential market through the forecast period between 2022-2027. This research study of Protection Relay Market involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry.

In addition, the report provides insight into main drivers, challenges, opportunities and risk of the market and strategies of suppliers. Key players are profiled as well. Overall, this report covers the historical situation, present status and the future prospects of the global Protection Relay Market for 2017-2027.

Crystal Market Research envisions that the span of the Protection Relay Market will develop amid the estimated time frame as the Compound Annual Growth Rate boosts significantly. The objective of the market research report is the current status of the market and in accordance classifies it into a few portions. The report takes into consideration the prime market players in every area from over the globe.

Our research study analyses the size of the global market of Protection Relay in primary regions such as North America, South America, Middle East & Africa, Asia Pacific and Europe. It also classifies the Protection Relay Market by key manufacturers, region, type and application. Furthermore, this study examines in the status of the market, market share, future trends, growth rate, competitive landscape, opportunities, market driving factors and restraints, and challenges.

To stay updated with the latest technology and functions of the industry, Crystal Market Research regularly performs interviews with several industry experts and visits for its expert research analysts. The data sources include but not limited to reports of company’s, international organizations and governments, MMI market surveys, and related industry news.

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2017 to 2027. This report has segmented the Protection Relay Market on the basis of type, application, and region:

Competitive Analysis                    

The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

  • ABB
  • Basler Electric
  • Eaton Corporation PLC
  • Fanox
  • General Electric Company
  • Iskra
  • Littelfuse, Inc.
  • MEIDENSHA CORPORATION
  • Mitsubishi Electric Corporation
  • NISSIN ELECTRIC Co., Ltd.
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens
  • TE Connectivity
  • Toshiba Energy Systems & Solutions Corporation

By Type

  • Electromagnetic Relay
  • Solid State Relay
  • Numeric Relay
  • Alternating Relay
  • Others

By Application

  • Transformer Protection
  • Motor Protection
  • Busbar Protection
  • Generator Protection
  • Feeder Protection
  • Transmission Line Protection
  • Others

By End User

  • Energy & Utility
  • Automotive and Transportation
  • Commercial & Institutional
  • Oil & Gas
  • Marine
  • Food & Beverage
  • Others

By Region

  • North America (US, Canada)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Mexico, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, South Africa, Turkey, Rest of MEA)

Years considered for this report:
Historical Years: 2017-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2027

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2022 to 2027?
  • What will be the industry market growth from 2017 to 2027?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Table of Contents

1.     Introduction

1.1.  Report Description

1.2.  Research Methodology

1.2.1.     Data Mining

1.2.2.     Market Modeling and Forecasting

1.2.3.     Data Validation

1.2.4.     Industry Analysis

2.     Market Dashboard

3.     Market Overview

3.1.  Introduction

3.1.1.     Market Definition

3.1.2.     Market Segmentation

3.2.  Market Dynamics

3.2.1.     Drivers

3.2.2.     Restraints

3.2.3.     Opportunities

3.2.4.     Challenges

4.     Protection Relay Market, By Type

4.1.  Introduction

4.2.  Protection Relay Market Size and Growth Rate By Type (2017-2022)

4.3.  Electromagnetic Relay

4.3.1.     Global Electromagnetic Relay Market Size and Growth Rate (2017-2022)

4.4.  Solid State Relay

4.4.1.     Global Solid State Relay Market Size and Growth Rate (2017-2022)

4.5.  Numeric Relay

4.5.1.     Global Numeric Relay Market Size and Growth Rate (2017-2022)

4.6.  Alternating Relay

4.6.1.     Global Alternating Relay Market Size and Growth Rate (2017-2022)

4.7.  Others

4.7.1.     Global Others Market Size and Growth Rate (2017-2022)

5.     Protection Relay Market, By Application

5.1.  Introduction

5.2.  Protection Relay Market Size and Growth Rate By Application (2017-2022)

5.3.  Transformer Protection

5.3.1.     Global Transformer Protection Market Size and Growth Rate (2017-2022)

5.4.  Motor Protection

5.4.1.     Global Motor Protection Market Size and Growth Rate (2017-2022)

5.5.  Busbar Protection

5.5.1.     Global Busbar Protection Market Size and Growth Rate (2017-2022)

5.6.  Generator Protection

5.6.1.     Global Generator Protection Market Size and Growth Rate (2017-2022)

5.7.  Feeder Protection

5.7.1.     Global Feeder Protection Market Size and Growth Rate (2017-2022)

5.8.  Transmission Line Protection

5.8.1.     Global Transmission Line Protection Market Size and Growth Rate (2017-2022)

5.9.  Others

5.9.1.     Global Others Market Size and Growth Rate (2017-2022)

6.     Protection Relay Market, By End User

6.1.  Introduction

6.2.  Protection Relay Market Size and Growth Rate By End User (2017-2022)

6.3.  Energy & Utility

6.3.1.     Global Energy & Utility Market Size and Growth Rate (2017-2022)

6.4.  Automotive and Transportation

6.4.1.     Global Automotive and Transportation Market Size and Growth Rate (2017-2022)

6.5.  Commercial & Institutional

6.5.1.     Global Commercial & Institutional Market Size and Growth Rate (2017-2022)

6.6.  Oil & Gas

6.6.1.     Global Oil & Gas Market Size and Growth Rate (2017-2022)

6.7.  Marine

6.7.1.     Global Marine Market Size and Growth Rate (2017-2022)

6.8.  Food & Beverage

6.8.1.     Global Food & Beverage Market Size and Growth Rate (2017-2022)

6.9.  Others

6.9.1.     Global Others Market Size and Growth Rate (2017-2022)

7.     Protection Relay Market, By Region

7.1.  Introduction

7.2.  Protection Relay Market Size and Growth Rate By Regions

7.2  North America

7.2.1.     North America Protection Relay Market Size and Growth Rate (2017-2022))

7.2.2.     North America Protection Relay Market By Type (2017-2022)

7.2.3.     North America Protection Relay Market By Application (2017-2022)

7.2.4.     North America Protection Relay Market By End User (2017-2022)

7.2.5.     North America Protection Relay Market By Country (2017-2022)

7.2.6.     United States

7.2.6.1.United States Protection Relay Market Size and Growth Rate (2017-2022)

7.2.6.2.United States Protection Relay Market By Type (2017-2022)

7.2.6.3.United States Protection Relay Market By Application (2017-2022)

7.2.6.4.United States Protection Relay Market By End User (2017-2022)

7.2.7.     Canada

7.2.7.1.Canada Protection Relay Market Size and Growth Rate (2017-2022)

7.2.7.2.Canada Protection Relay Market By Type (2017-2022)

7.2.7.3.Canada Protection Relay Market By Application (2017-2022)

7.2.7.4.Canada Protection Relay Market By End User (2017-2022)

7.3  Europe

7.3.1.     Europe Protection Relay Market Size and Growth Rate (2017-2022))

7.3.2.     Europe Protection Relay Market By Type (2017-2022)

7.3.3.     Europe Protection Relay Market By Application (2017-2022)

7.3.4.     Europe Protection Relay Market By End User (2017-2022)

7.3.5.     Europe Protection Relay Market By Country (2017-2022)

7.3.6.     Germany

7.3.6.1.Germany Protection Relay Market Size and Growth Rate (2017-2022)

7.3.6.2.Germany Protection Relay Market By Type (2017-2022)

7.3.6.3.Germany Protection Relay Market By Application (2017-2022)

7.3.6.4.Germany Protection Relay Market By End User (2017-2022)

7.3.7.     France

7.3.7.1.France Protection Relay Market Size and Growth Rate (2017-2022)

7.3.7.2.France Protection Relay Market By Type (2017-2022)

7.3.7.3.France Protection Relay Market By Application (2017-2022)

7.3.7.4.France Protection Relay Market By End User (2017-2022)

7.3.8.     UK

7.3.8.1.UK Protection Relay Market Size and Growth Rate (2017-2022)

7.3.8.2.UK Protection Relay Market By Type (2017-2022)

7.3.8.3.UK Protection Relay Market By Application (2017-2022)

7.3.8.4.UK Protection Relay Market By End User (2017-2022)

7.3.9.     Russia

7.3.9.1.Russia Protection Relay Market Size and Growth Rate (2017-2022)

7.3.9.2.Russia Protection Relay Market By Type (2017-2022)

7.3.9.3.Russia Protection Relay Market By Application (2017-2022)

7.3.9.4.Russia Protection Relay Market By End User (2017-2022)

7.3.10.     Italy

7.3.10.1.Italy Protection Relay Market Size and Growth Rate (2017-2022)

7.3.10.2.Italy Protection Relay Market By Type (2017-2022)

7.3.10.3.Italy Protection Relay Market By Application (2017-2022)

7.3.10.4.Italy Protection Relay Market By End User (2017-2022)

7.3.11.     Rest of Europe

7.3.11.1.Rest of Europe Protection Relay Market Size and Growth Rate (2017-2022)

7.3.11.2.Rest of Europe Protection Relay Market By Type (2017-2022)

7.3.11.3.Rest of Europe Protection Relay Market By Application (2017-2022)

7.3.11.4.Rest of Europe Protection Relay Market By End User (2017-2022)

7.4  Asia-Pacific

7.4.1.     Asia-Pacific Protection Relay Market Size and Growth Rate (2017-2022))

7.4.2.     Asia-Pacific Protection Relay Market By Type (2017-2022)

7.4.3.     Asia-Pacific Protection Relay Market By Application (2017-2022)

7.4.4.     Asia-Pacific Protection Relay Market By End User (2017-2022)

7.4.5.     Asia-Pacific Protection Relay Market By Country (2017-2022)

7.4.6.     China

7.4.6.1.China Protection Relay Market Size and Growth Rate (2017-2022)

7.4.6.2.China Protection Relay Market By Type (2017-2022)

7.4.6.3.China Protection Relay Market By Application (2017-2022)

7.4.6.4.China Protection Relay Market By End User (2017-2022)

7.4.7.     Japan

7.4.7.1.Japan Protection Relay Market Size and Growth Rate (2017-2022)

7.4.7.2.Japan Protection Relay Market By Type (2017-2022)

7.4.7.3.Japan Protection Relay Market By Application (2017-2022)

7.4.7.4.Japan Protection Relay Market By End User (2017-2022)

7.4.8.     Korea

7.4.8.1.Korea Protection Relay Market Size and Growth Rate (2017-2022)

7.4.8.2.Korea Protection Relay Market By Type (2017-2022)

7.4.8.3.Korea Protection Relay Market By Application (2017-2022)

7.4.8.4.Korea Protection Relay Market By End User (2017-2022)

7.4.9.     India

7.4.9.1.India Protection Relay Market Size and Growth Rate (2017-2022)

7.4.9.2.India Protection Relay Market By Type (2017-2022)

7.4.9.3.India Protection Relay Market By Application (2017-2022)

7.4.9.4.India Protection Relay Market By End User (2017-2022)

7.4.10.     Southeast Asia

7.4.10.1.Southeast Asia Protection Relay Market Size and Growth Rate (2017-2022)

7.4.10.2.Southeast Asia Protection Relay Market By Type (2017-2022)

7.4.10.3.Southeast Asia Protection Relay Market By Application (2017-2022)

7.4.10.4.Southeast Asia Protection Relay Market By End User (2017-2022)

7.4.11.     Rest of Asia-Pacific

7.4.11.1.Rest of Asia-Pacific Protection Relay Market Size and Growth Rate (2017-2022)

7.4.11.2.Rest of Asia-Pacific Protection Relay Market By Type (2017-2022)

7.4.11.3.Rest of Asia-Pacific Protection Relay Market By Application (2017-2022)

7.4.11.4.Rest of Asia-Pacific Protection Relay Market By End User (2017-2022)

7.5  South America

7.5.1.     South America Protection Relay Market Size and Growth Rate (2017-2022))

7.5.2.     South America Protection Relay Market By Type (2017-2022)

7.5.3.     South America Protection Relay Market By Application (2017-2022)

7.5.4.     South America Protection Relay Market By End User (2017-2022)

7.5.5.     South America Protection Relay Market By Country (2017-2022)

7.5.6.     Brazil

7.5.6.1.Brazil Protection Relay Market Size and Growth Rate (2017-2022)

7.5.6.2.Brazil Protection Relay Market By Type (2017-2022)

7.5.6.3.Brazil Protection Relay Market By Application (2017-2022)

7.5.6.4.Brazil Protection Relay Market By End User (2017-2022)

7.5.7.     Mexico

7.5.7.1.Mexico Protection Relay Market Size and Growth Rate (2017-2022)

7.5.7.2.Mexico Protection Relay Market By Type (2017-2022)

7.5.7.3.Mexico Protection Relay Market By Application (2017-2022)

7.5.7.4.Mexico Protection Relay Market By End User (2017-2022)

7.5.8.     Columbia

7.5.8.1.Columbia Protection Relay Market Size and Growth Rate (2017-2022)

7.5.8.2.Columbia Protection Relay Market By Type (2017-2022)

7.5.8.3.Columbia Protection Relay Market By Application (2017-2022)

7.5.8.4.Columbia Protection Relay Market By End User (2017-2022)

7.5.9.     Rest of South America

7.5.9.1.Rest of South America Protection Relay Market Size and Growth Rate (2017-2022)

7.5.9.2.Rest of South America Protection Relay Market By Type (2017-2022)

7.5.9.3.Rest of South America Protection Relay Market By Application (2017-2022)

7.5.9.4.Rest of South America Protection Relay Market By End User (2017-2022)

7.6  Middle East and Africa

7.6.1.     Middle East and Africa Protection Relay Market Size and Growth Rate (2017-2022))

7.6.2.     Middle East and Africa Protection Relay Market By Type (2017-2022)

7.6.3.     Middle East and Africa Protection Relay Market By Application (2017-2022)

7.6.4.     Middle East and Africa Protection Relay Market By End User (2017-2022)

7.6.5.     Middle East and Africa Protection Relay Market By Country (2017-2022)

7.6.6.     Saudi Arabia

7.6.6.1.Saudi Arabia Protection Relay Market Size and Growth Rate (2017-2022)

7.6.6.2.Saudi Arabia Protection Relay Market By Type (2017-2022)

7.6.6.3.Saudi Arabia Protection Relay Market By Application (2017-2022)

7.6.6.4.Saudi Arabia Protection Relay Market By End User (2017-2022)

7.6.7.     United Arab Emirates

7.6.7.1.United Arab Emirates Protection Relay Market Size and Growth Rate (2017-2022)

7.6.7.2.United Arab Emirates Protection Relay Market By Type (2017-2022)

7.6.7.3.United Arab Emirates Protection Relay Market By Application (2017-2022)

7.6.7.4.United Arab Emirates Protection Relay Market By End User (2017-2022)

7.6.8.     South Africa

7.6.8.1.South Africa Protection Relay Market Size and Growth Rate (2017-2022)

7.6.8.2.South Africa Protection Relay Market By Type (2017-2022)

7.6.8.3.South Africa Protection Relay Market By Application (2017-2022)

7.6.8.4.South Africa Protection Relay Market By End User (2017-2022)

7.6.9.     Rest of Middle East and Africa

7.6.9.1.Rest of Middle East and Africa Protection Relay Market Size and Growth Rate (2017-2022)

7.6.9.2.Rest of Middle East and Africa Protection Relay Market By Type (2017-2022)

7.6.9.3.Rest of Middle East and Africa Protection Relay Market By Application (2017-2022)

7.6.9.4.Rest of Middle East and Africa Protection Relay Market By End User (2017-2022)

8.     Company Profiles

8.1.  ABB

8.1.1.     Business Overview

8.1.2.     Service Portfolio

8.1.3.     Strategic Developments

8.1.4.     Financial Overview

8.2.  Basler Electric

8.2.1.     Business Overview

8.2.2.     Service Portfolio

8.2.3.     Strategic Developments

8.2.4.     Financial Overview

8.3.  Eaton Corporation PLC

8.3.1.     Business Overview

8.3.2.     Service Portfolio

8.3.3.     Strategic Developments

8.3.4.     Financial Overview

8.4.  Fanox

8.4.1.     Business Overview

8.4.2.     Service Portfolio

8.4.3.     Strategic Developments

8.4.4.     Financial Overview

8.5.  General Electric Company

8.5.1.     Business Overview

8.5.2.     Service Portfolio

8.5.3.     Strategic Developments

8.5.4.     Financial Overview

8.6.  Iskra

8.6.1.     Business Overview

8.6.2.     Service Portfolio

8.6.3.     Strategic Developments

8.6.4.     Financial Overview

8.7.  Littelfuse, Inc.

8.7.1.     Business Overview

8.7.2.     Service Portfolio

8.7.3.     Strategic Developments

8.7.4.     Financial Overview

8.8.  MEIDENSHA CORPORATION

8.8.1.     Business Overview

8.8.2.     Service Portfolio

8.8.3.     Strategic Developments

8.8.4.     Financial Overview

8.9.  Mitsubishi Electric Corporation

8.9.1.     Business Overview

8.9.2.     Service Portfolio

8.9.3.     Strategic Developments

8.9.4.     Financial Overview

8.10.  NISSIN ELECTRIC Co., Ltd.

8.10.1.     Business Overview

8.10.2.     Service Portfolio

8.10.3.     Strategic Developments

8.10.4.     Financial Overview

8.11.  Rockwell Automation, Inc.

8.11.1.     Business Overview

8.11.2.     Service Portfolio

8.11.3.     Strategic Developments

8.11.4.     Financial Overview

8.12.  Schneider Electric

8.12.1.     Business Overview

8.12.2.     Service Portfolio

8.12.3.     Strategic Developments

8.12.4.     Financial Overview

8.13.  Siemens

8.13.1.     Business Overview

8.13.2.     Service Portfolio

8.13.3.     Strategic Developments

8.13.4.     Financial Overview

8.14.  TE Connectivity

8.14.1.     Business Overview

8.14.2.     Service Portfolio

8.14.3.     Strategic Developments

8.14.4.     Financial Overview

8.15.  Toshiba Energy Systems & Solutions Corporation

8.15.1.     Business Overview

8.15.2.     Service Portfolio

8.15.3.     Strategic Developments

8.15.4.     Financial Overview

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources
  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources
  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2027)
  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

License Type

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