The global protective relays market size is projected to grow by USD 7 billion from 2022 to 2028, registering a CAGR of 8.4 percent, according to a new report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global protective relays market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the protective relays industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, type, load-operating range, application, and region. The global market for protective relays can be segmented by product: buchholz relays, distance or impedance relays, overcurrent relays, phase sequence relays or differential relay, pilot relays, polarized relay or directional relay, under-frequency relays, others. The overcurrent relays segment is estimated to account for the largest share of the global protective relays market. Protective relays market is further segmented by type: electromagnetic relay, numerical relay, static relay. Based on load-operating range, the protective relays market is segmented into: high power, intermediate power, low power, micro power. Globally, the intermediate power segment made up the largest share of the protective relays market. On the basis of application, the protective relays market also can be divided into: distribution to distribution lines, generator, HVAC systems, motor, power to transmission lines, transformer, transmission to distribution lines, others. Protective relays market by region is categorized into: Asia Pacific, Europe, North America, Rest of the World (RoW).

By product:
– buchholz relays
– distance or impedance relays
– overcurrent relays
– phase sequence relays or differential relay
– pilot relays
– polarized relay or directional relay
– under-frequency relays
– others

By type:
– electromagnetic relay
– numerical relay
– static relay

By load-operating range:
– high power
– intermediate power
– low power
– micro power

By application:
– distribution to distribution lines
– generator
– HVAC systems
– motor
– power to transmission lines
– transformer
– transmission to distribution lines
– others

By region:
– Asia Pacific
– Europe
– North America
– Rest of the World (RoW)

The report has also analysed the competitive landscape of the global protective relays market with some of the key players being ABB Ltd., Basler Electric Co., CG Power and Industrial Solutions Limited, Eaton Corporation plc, Fuji Electric Co., Ltd., General Electric Co., Hager Group, Larsen＆Toubro Ltd., Littelfuse, Inc., Mitsubishi Electric Corporation, Ningbo Tianan (Group) Co., Ltd., NR Electric Co., Ltd., Rockwell Automation Inc., Schneider Electric SE, Schweitzer Engineering Laboratories, Inc. (SEL), Siemens AG, TE Connectivity Ltd., Toshiba Corp., WEG SA, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global protective relays market.
– To classify and forecast the global protective relays market based on product, type, load-operating range, application, region.
– To identify drivers and challenges for the global protective relays market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global protective relays market.
– To identify and analyze the profile of leading players operating in the global protective relays market.

Why Choose This Report
– Gain a reliable outlook of the global protective relays market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.