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US Digital Protective Relay Market

  • November 2015
  • -
  • Frost & Sullivan
  • -
  • 48 pages

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.

Table Of Contents

US Digital Protective Relay Market
Executive Summary
Definitions and Objectives
Market Overview
Key Findings

Market Dynamics—Drivers and Restraints
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

US Digital Protective Relay Market Outlook
Revenue Forecast
Revenue Forecast Discussion

End-user Analysis
Percent Revenue Forecast by End User
Percent Revenue Forecast by End User Discussion
Revenue Forecast by End User
Product Applications and Attractiveness
Procurement Process
Purchase Influencers
Distribution Channel Analysis

Competitive Analysis
Competitive Factors
Competitive Environment
Market Leader
Competitors
Market Share Analysis
Key Market Participants

Conclusions
Legal Disclaimer

Appendix
List of Other Companies

The Frost and Sullivan Story
Value Proposition: Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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