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US Digital Protective Relay Market

  • November 2015
  • 48 pages
  • Frost & Sullivan
Report ID: 3365812

Summary

Table of Contents

Advancements in Protection and Control of the Transmission and Distribution Grids Drive Adoption

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.

Definitions and Objectives
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.

Market Overview
- The digital protective relay market is established and mature. There is a strong familiarity with the technology across industries.
- Aged grid infrastructure and growing renewable installations across the United States are expected to drive demand for digital protective relays over the forecast period.
- Among end users, utilities account for the major revenue share and will be expected to contribute a high share throughout the forecast period.
- About % of the market is controlled by vendors: Schweitzer Engineering Laboratories (SEL), General Electric (GE) Digital Energy, and ABB. SEL holds the dominant position primarily due to its special focus and early entrance in the intelligent electronic device market for substation systems. The company does not manufacture any primary equipment for substation systems and has been able to carve a niche in the digital relay switch space by offering customized products and aggressive post-sales service programs.
- Despite recent concerns about tight utility budgets, a majority of suppliers remain optimistic about the industry and expect the market to grow at a conservative rate throughout the forecast period.

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