US Digital Protective Relay Market
A protective relay senses abnormality in the voltage or current of the electric system and takes necessary action when programmed abnormal conditions are met. A relay contains a micro-controller with software-based algorithms to protect devices from electric faults by sending signals to switching devices such as circuit breakers. Research Objectives
To understand the overall US digital protective relay market
To determine the current market size and forecast market potential
To discuss industry challenges and market drivers and restraints through 2020
To analyze the market’s competitive structure Time Frame The study period is from 2012 to 2020, with a base year of 2014 and a forecast period of 2015 to 2020. Compound annual growth rates (CAGRs) are calculated from 2014 to 2020.
About this report
While grid modernization is still high on the agenda, utilities in the United States are also looking for smarter solutions that in part can maximize existing assets without having to replace every single power and distribution transformer. As a result, an untapped need to inject improved situational awareness of assets is shaking up industry dynamics. The digital protective relay market is considered an important component of grid modernization efforts. This study includes a discussion of key drivers and challenges that influence demand for digital protective relays.
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