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Global Motor Protection Relays Market 2017-2021

Global Motor Protection Relays Market 2017-2021

About Motor Protection Relays

A relay is a type of switch that can be operated both electrically and manually. It is used to control one electrical circuit by opening and closing the contacts of another circuit. A relay is made up of an electromagnet and a set of contacts. The mechanism of switching contacts takes place with the help of an electromagnet. A protection relay is an electronic device that receives inputs in the form of current, voltage, temperature, or resistance and compares them to set points and provides outputs. Outputs can include visual feedback in the form of indicator lights and/or an alphanumeric display, alarms, communications, control warnings, and turning the power off and on.

Technavio’s analysts forecast the global motor protection relays market to grow at a CAGR of 4.54% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global motor protection relays market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Motor Protection Relays Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • General Electric
  • Siemens
  • Rockwell Automation
  • Schneider Electric
Other prominent vendors
  • Alstom
  • Itron
  • Littelfuse
  • Mitsubishi Electric
  • NR Electric
  • S&C Electric
  • SEL
Market driver
  • Rising need for modernization of substations
  • For a full, detailed list, view our report
Market challenge
  • Rising competition from local vendors
  • For a full, detailed list, view our report
Market trend
  • Emerging markets for solid-state devices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Motor Protection Relays Market 2017-2021

Technavio recognizes the following companies as the key players in the global motor protection relays market: ABB, General Electric, Siemens, Rockwell Automation, and Schneider Electric.

Other Prominent Vendors in the market are: Alstom, Itron, Littelfuse, Mitsubishi Electric, NR Electric, S&C Electric, and SEL.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emerging markets for solid-state devices. Solid-state relays are one of the semiconductor devices that use light instead of magnetism for the activation of switches. The source of light used is LED. As and when the control power is applied to an equipment’s output, the light is turned on. A sensing device, which is placed inside the relay senses the light and then actuates a solid-state switch, which opens or closes the circuit.”

According to the report, one of the major drivers for this market is Rising need for modernization of substations. A substation is an electric system with high-voltage facility. It is used to change the level of AC voltages or to convert AC current to DC current or vice versa. The growing need for modernization of substations is acting as a catalyst to boost the demand for motor protection relays. During the operation of a substation, if there is an advent of a fault, a motor protective relay trips the circuit breaker, ensuring safe and reliable operation of the substation. This will involve automation of substations, reducing the overall operational costs and improving the grid security. Therefore, the growth of the global automated substations market will lead to the growth of global motor protection relays market.

Further, the report states that one of the major factors hindering the growth of this market is Rising competition from local vendors. There are many international and local players in the global motor protection relays market. Fierce competition has been going on among international vendors in terms of technological innovations and modifications in existing products to gain a standout position in the market. As the market is intensive, it is essential for vendors to showcase product differentiation.

Companies Mentioned

ABB, General Electric, Siemens, Rockwell Automation, Schneider Electric, Alstom, Itron, Littelfuse, Mitsubishi Electric, NR Electric, S&C Electric, and SEL.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market Landscape
    • Market ecosystem
      • Table Parent market: Global protective relays market
      • Table Global protective relays market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2016
      • Table Global motor protection relays market 2016
      • Table Validation techniques employed for market sizing - 2016
    • Market size and forecast 2016-2021
      • Table Global motor protection relays market - Market size and forecast 2016-2021 ($ millions)
      • Table Global motor protection relays market - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Five forces analysis, 2016
  • Market Segmentation by product-type
    • Segmentation by product-type
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Global motor protection relays market by end-user - Market share 2016-2021 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Global motor protection relays market by power industry
      • Table Global motor protection relays market by power industry - Market size and forecast 2016-2021 ($ millions)
      • Table Global motor protection relays market by power industry - Year-over-year growth 2017- 2021 (%)
    • Global motor protection relays market by automotive industry
      • Table Global motor protection relays market by automotive industry - Market size and forecast 2016-2021 ($ millions)
      • Table Global motor protection relays market by automotive industry - Year-over-year growth 2017-2021 (%)
    • Global motor protection relays market by metals and minerals industry
      • Table Global motor protection relays market by metals and minerals industry - Market size and forecast 2016-2021 ($
      • Table Global motor protection relays market by metals and minerals industry - Year-over year growth 2017-2021 (%)
    • Global motor protection relays market by water and wastewater treatment industry
      • Table Global motor protection relays market by water and wastewater treatment industry - Market size and forecast 2016-
      • Table Global motor protection relays market by water and wastewater treatment industry - Year-over-year growth 2017-2021
    • Global motor protection relays market by others
      • Table Global motor protection relays market by others - Market size and forecast 2016-2021 ($ millions)
      • Table Global motor protection relays market by others - Year-over-year growth 2017-2021 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global motor protection relays market - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ millions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ millions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ millions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emerging markets for solid-state devices
    • Increasing investments in clean energy sources
    • Development of smart sensor relays
      • Table Benefits of smart sensor relays
  • Vendor landscape
    • Competitive scenario
      • Table Top Key vendors- Global motor protection relays market
    • Other prominent vendors
    • ABB
      • Table ABB - Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments (2016 till date of research)
      • Table ABB - Geographic focus
      • Table ABB - Key offerings (for market in focus)
    • General Electric
      • Table General Electric - Vendor overview
      • Table General Electric - Business segments
      • Table General Electric - Organizational developments
      • Table General Electric - Geographic focus
      • Table General Electric - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Key offerings\
    • Rockwell Automation
      • Table Rockwell Automation - Vendor overview
      • Table Rockwell Automation - Business segments
      • Table Rockwell Automation - Organizational developments
      • Table Rockwell Automation - Geographic focus
      • Table Rockwell Automation - Key offerings
    • Schneider Electric
      • Table Schneider Electric - Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Key offerings
  • Vendor analysis
    • Vendor overview
  • Appendix
    • List of abbreviations
  • Explore Technavio

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