Global Protective Relay Market 2016-2020

About Relays

A device that senses the quantity of current flowing in the supply lines before entering the power system of the equipment or motor can prevent the motor from damage. A relay is one such electromechanical device that is actuated by electrical current. In a relay, the current flowing in one circuit causes the opening and closing of another circuit. Due to the simplicity, long life, and proven reliability, relays find extensive use in many applications, including digital computers, automation systems, and telephone exchanges.

Technavio’s analysts forecast the global protective relay market to grow at a CAGR of 10.45% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global protective relay market for 2016-2020. To calculate the market size, the report takes into account the revenue generated from the sales of the protective relays during the historical period.

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

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Protective Relay Market 2016-2020, 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
  • Alstom
  • GE
  • SEL
  • Siemens
Other prominent vendors
  • Littelfuse
  • Mitsubishi Electric
  • NR Electric
  • Honeywell International
  • Itron
  • Rockwell Automation
  • S&C Electric
Market driver
  • Modernization of substations
  • For a full, detailed list, view our report
Market challenge
  • Competition from local vendors
  • For a full, detailed list, view our report
Market trend
  • Emerging market 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 2020 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Protective Relay Market 2016-2020

Technavio recognizes the following companies as the key players in the global protective relay market: ABB, Alstom, GE, SEL, and Siemens.

Other Prominent Vendors in the market are: Littelfuse, Mitsubishi Electric, NR Electric, Honeywell International, Itron, Rockwell Automation, and S&C Electric.

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends will be the emerging markets for solid-state devices. Solid-state devices are increasingly becoming an alternative to mechanical relays. The mechanical relay has two conducting elements that control the flow of electricity. When these two conducting elements come in contact with each other, they create a path for the flow of electricity. A break in contact between the two elements results in the disruption of the electricity flow.”

According to the report, one of the key drivers for market growth will be modernization of substations. The growing need for energy is necessitating the modernization of technology to ensure that the supply and consumption of power is efficient. A smart grid is one such device that helps achieve this by offering a data communications network that is well integrated into the power grid for smooth operation. It is designed to collect and analyze data regarding the generation, transmission, distribution, and consumption of power, all in real time. The information provided by smart grids is predictive in nature, and it recommends utilities and technologies and information to their suppliers and their customers on the best practices to manage power efficiently.

Further, the report states that minimal product differentiation will be a major challenge for the market. The market has very little product differentiation. The functioning of the different relays that are available in the market is more or less based on the same basic working principle and serves the same purpose. Thus, there is not much scope for differentiation.



Companies Mentioned

ABB, Alstom, GE, SEL, Siemens, Littelfuse, Mitsubishi Electric, NR Electric, Honeywell International, Itron, Rockwell Automation, S&C Electric.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global protective relay market
    • Market size and forecast
      • Table Global protective relay market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global protective relay market by application 2015-2020
    • Global protective relay market for feeder protection
      • Table Global protective relay market for feeder protection ($ billions)
    • Global protective relay market for transmission lines
      • Table Global protective relay market for transmission lines ($ millions)
      • Table Global T&D equipment market 2014-2019 ($ billions)
    • Global protective relay for motor protection
      • Table Global protective relay market for motor protection ($ millions)
    • Global protective relay for transformer protection
      • Table Global protective relay market for transformer protection ($ millions)
  • Geographical segmentation
    • Market segmentation by geography
      • Table Market segmentation by geography 2015-2020
    • Protective relay market in APAC
      • Table Protective relay market in APAC ($ billions)
      • Table Installed photovoltaic power (MW) in APAC 2010-2014
    • Protective relay market in Americas
      • Table Protective relay market in Americas ($ billions)
    • Protective relay market in EMEA
      • Table Protective relay market in EMEA ($ billions)
      • Table Installed photovoltaic capacity in Europe 2010-2014 (MWh)
  • Market drivers
    • Modernization of substations
    • Rise in automation
    • Growth in urbanization
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Competition from local vendors
    • Minimal product differentiation
    • Stringent regulatory standards regarding testing of relays
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emerging market for solid-state devices
    • Rise in the implementation of HVDC lines
      • Table Global HVDC transmission market ($ billions)
    • Demand from BRICS countries
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table Protective relay in ABB
    • Alstom
      • Table Protective relay in Alstom
    • GE
    • SEL
    • Siemens
      • Table Protective relay in Siemens
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook