The Protective relay market is expected to register a CAGR of around 6% during the forecast period. Ongoing Substation Automation projects are expected to induce growth in the Protective Relay market. The growing need of Electric Power in developed as well as developing nations will result in an imminent growth in the Protective relay market.

The report for Protective Relay of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, Furthermore, technological advancement, and macro-economic factors in the market have also been discussed in detail in the report. The report provides detailed information and strategies of the key players in the industry. The report also provides a broad study of the different market segments and regions.

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Industry Segmentation

The Protective Relay Market can be categorized on the basis of Voltage as: High, Medium and Low. On the basis of Protection Mechanism it can be categorized as: Feeder, Transmission Line, Motor, Transformer, Generator, and Busbar. On the basis of End User it can be segmented as: Marine, Renewable, Utilities. On the basis of regions it can be segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa.

Regional Analysis of Protective Relays

The growing transmission & distribution network across the globe, is one of the main reasons which is expected to contribute toward the growth of the Protective Relay Market. Asia-Pacific is currently housing the maximum number of transmission and distribution projects as a result of which it is one of the leading markets in this segment. Europe and North America are other regions which are expected to be highly lucrative for the players in the Protective Relay Market.

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Key Players

Some of the key players in the Protective Relay Market are General Electric (U.S.), Littelfuse Inc.(U.S.), Eaton Corporation Plc (U.S.), Beckwith Electric Co. Inc.(Ireland), ZIV Inc. (U.S.), Schweitzer Engineering Laboratories (U.S.), Schneider Electric (France), Alstom Group (France), NR Electric (China), Cooper Industries (Ireland), ERL Phase Power Technologies Ltd. (Canada) and Mitsubishi Electric Corporation (Japan).

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