Global Protective Relay Market 2016-2020

Summary

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?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.

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