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Protection Relay Market

Protection Relay Market (Type: Electromagnetic Relay, Solid State Relay, Numeric Relay, Alternating Relay, and Others (Timing Relay, Thermal Relay, etc.) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Protection Relay Market Outlook 2031

  • The global protection relay market was valued at US$ 2.96 Bn in 2021
  • It is estimated to grow at a CAGR of 5.1% from 2022 to 2031
  • The global protection relay market is expected to reach US$ 4.80 Bn by the end of 2031

Analysts’ Viewpoint on Protection Relay Market Scenario

Companies operating in the protection relay market are focusing on high-growth applications such as the protection of transformers, motors, busbars, generators, and feeders to keep their businesses growing post the peak of the COVID-19 pandemic. Booming electrical industry and rise in adoption of solar and wind-based energy are anticipated to drive the global protection relay market in the next few years. Furthermore, demand for protection devices has been rising for the last few years due to increased power requirements across the globe. Hence, protective relay manufacturers are focusing on current trends in the electric industry to broaden their revenue streams. Advanced technologies can be utilized in developing protection devices in order to detect several faults with the help of multiple sensors used in these devices.

Protection Relay Market

Global Protection Relay Market Introduction

A protection relay is an intelligent device that receives inputs, evaluates them against set points, and outputs the results. Current, voltage, resistance, and temperature are all examples of inputs. Communication, control warnings, alarms, visual feedback in the form of indicator lights and/or an alphanumeric display, and power on and off are all examples of outputs. When an electrical failure occurs, the protection relay reduces damage to the machinery and service interruptions. Relays help reduce damage and enhance service. There are various types of protective relays such as digital/numerical relays, electrical protection relays, microprocessor relays, etc. These relays can control various system components and have a variety of actuators. A system's relay can react to specific inputs, and a combination deals with a range of issues and circumstances. Consistent growth of protective relay market can be ascribed to the rise in need for protective relays in digital substations and smart power distribution systems. Increase in number of transmission grids and renewable capacity is likely to fuel the global protection relay market share during the forecast period.

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Increased Generation Capacity of Renewable Energy Augmenting Global Protection Relay Market

Rise in renewable generation capacity such as solar, wind, and biofuels and increase in investment in renewable energy sources are expected to drive the market during the forecast period. According to the International Energy Agency (IEA), the share of renewables in world electricity generation increased to 29% in 2020, up from 27% in 2019. Major players in developing countries are focusing on the development of innovative products that uses renewable energy sources. For instance, Fanox has become an expert in creating a variety of protection relays that are perfectly suited for this installation style. Fanox offers protection relays for medium and high voltage distribution grids. Rise in penetration of renewable energy results in significant modifications to the power system's operational mode, which has an impact on the operation of the protection relay and automation devices. Renewable energy sources can reduce short-circuit currents and the protection system's insensitivity to this fault. These factors are anticipated to boost the demand for protection relays during the forecast period.

Rapid Industrialization in Developing Economies to Boost Protection Relay Market

Industrial transformation in developing economies is a significant factor that is expected to drive the demand for electrical energy and simultaneously boost the protection relay market. Increase in number of commercial and industrial businesses, rise in number of substations and transmission grids particularly in China, and India is also a key factor that majorly impacted the market growth. Furthermore, major players also contribute to the market growth through new product launches. For instance, in December 2020, ABB announced the launch of new functionality for the all-in-one protection and control relay REX640, developed to support the digitalization of substations and thereby a range of digital switchgear solutions. REX640 is used to protect assets in advanced power generation and distribution applications and is also used for the full range of utility and industrial applications.

Rise in Need for Electromagnetic Relays Fueling Global Protection Relay Market

In terms of type, the global protection relay market has been segregated into electromagnetic relay, solid state relay, numeric relay, alternating relay, and others (timing relay, thermal relay, etc.). The electromagnetic relay segment held major share of the global market in 2021. The segment is expected to maintain its leading position in the market during the forecast period. Electromagnetic relays are highly popular due to their fast operation, high functionality, and high reliability. These can be used in both AC and DC systems for the protection of equipment. Electromagnetic relays are a type of magnetic switch that uses the magnet to develop a magnetic field, which is employed to open and close the switch and perform mechanical operation. Electromagnetic relays can operate in milliseconds. Furthermore, increase in use of electromagnetic protection relays in motors, transformers, and generator protection is projected to drive the protection relay market.

Increased Demand for Medium Voltage (100 V to 1 KV) Protection Relays to Drive Market

In terms of voltage range, the global protection relay market has been segmented into low voltage (less than 100 v), medium voltage (100 V to 1 KV), and high voltage (above 1 KV). Rise in demand for protection devices in commercial and residential areas is one of the significant factors fueling the segment growth. Medium voltage protection relays are commonly used in control panels and manufacturing and building automation to control power in the circuit along with switching smaller current values. Furthermore, a medium voltage relay is used to protect the feeder, transformer, motor, capacitor, voltage, and bus tie.

Regional Outlook of Global Protection Relay Market

Asia Pacific held the largest share of approximately 33% of the global protection relay market in 2021. The market is expected to grow rapidly in the next few years. Favorable government regulations for the adoption of safety devices in the industries is one of the major factors fueling the market in this region. North America held a significant share of the protection relay market in 2021 due to the increased demand for protection relays in industrial applications in the region. Middle East & Africa is a larger market for protection relay as compared to South America; however, the market in South America is estimated to grow at a rapid pace as compared to the market in Middle East & Africa.

Analysis of Key Players in Global Protection Relay Market

The global protection relay market is consolidated, with the presence of a few large-scale vendors who control a majority of the share. Manufacturers operating in the global protection relay market are investing significantly in comprehensive research and development activities, primarily to develop technologically advanced products. Expansion of product portfolios and mergers and acquisitions are notable strategies adopted by key players. ABB, Basler Electric, Eaton Corporation PLC, Fanox, General Electric Company, Iskra, Littelfuse, Inc., MEIDENSHA CORPORATION, Mitsubishi Electric Corporation, NISSIN ELECTRIC Co., Ltd., Rockwell Automation, Inc., Schneider Electric, Siemens, TE Connectivity, and Toshiba Energy Systems & Solutions Corporation are the prominent entities operating in this market.

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Key Developments in Global Protection Relay Market

  • In July 2021, ABB announced the launch of a new version of the relay explorer RXplore mobile application. This new version is used by operators and site engineers to enhance the ease of use and improve productivity, at the site, and during maintenance of protection relays. This app allows a secure connection to the cloud of ABB and control relays and ABB monitoring and diagnostic devices.
  • In November 2020, TE Connectivity (TE) announced the acquisition of DRI Relays Inc., a company that specializes in the design and manufacture of electro-mechanically hermetically sealed relays, time delay devices, and making sockets. This acquisition strengthens its presence in the midrange power segment.
  • In November 2019, Siemens Industry Inc. launched a new series of protection relays “Reyrolle 5 protection relay series” as part of its offerings for medium-voltage and industrial power networks. This product is used for various applications such as overcurrent and earth fault protection and transformer protection in substations.

Each of these players has been profiled in the protection relay market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Protection Relay Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 2.96 Bn

Market Forecast Value in 2031

US$ 4.80 Bn

Growth Rate

(CAGR)

5.1%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn for Value & Million Units for Volume

Market Analysis

It includes cross segment analysis at global as well as regional level. Furthermore, qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Electromagnetic Relay
    • Solid State Relay
    • Numeric Relay
    • Alternating Relay
    • Others (Timing Relay, Thermal Relay, etc.)
  • Voltage Rating
    • Low Voltage (Less than 100 V)
    • Medium Voltage (100 V to 1 KV)
    • High Voltage (Above 1 KV)
  • Application
    • Transformer Protection
    • Motor Protection
    • Busbar Protection
    • Generator Protection
    • Feeder Protection
    • Transmission Line Protection
    • Others (Capacitor and Filter Bank Protection, Single Function Protection, etc.)
  • End-use Industry
    • Energy & Utility
    • Industrial
      • Automotive and Transportation
      • Oil & Gas
      • Marine
      • Food & Beverage
      • Others (Metals & Mining, Pulp & Paper, etc.)
    • Commercial & Institutional

Regions Covered

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • The U.K.
  • Germany
  • France
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • GCC
  • South Africa
  • Brazil

Companies Profiled

  • ABB
  • Basler Electric
  • Eaton Corporation PLC
  • Fanox
  • General Electric Company
  • Iskra
  • Littelfuse, Inc.
  • MEIDENSHA CORPORATION
  • Mitsubishi Electric Corporation
  • NISSIN ELECTRIC Co., Ltd.
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Siemens
  • TE Connectivity
  • Toshiba Energy Systems & Solutions Corporation

Customization Scope

Available upon request

Pricing

Available upon request

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Frequently Asked Questions

How big is the protection relay market in 2021?

The protection relay market stood at US$ 2.96 Bn in 2021

How is the protection relay market expected to grow by 2031?

The protection relay market is expected to grow at a CAGR of 5.1% by 2031

How much worth the protection relay market will be in 2031?

The protection relay market is expected to reach US$ 4.80 Bn in 2031

Who are the prominent players in the protection relay market?

ABB, Basler Electric, Eaton Corporation PLC, Fanox, General Electric Company, Iskra, Littelfuse, Inc., MEIDENSHA CORPORATION, Mitsubishi Electric Corporation, NISSIN ELECTRIC Co., Ltd., Rockwell Automation, Inc., Schneider Electric, Siemens, TE Connectivity, and Toshiba Energy Systems & Solutions Corporation

How big is the US protection relay market?

The U.S. accounted for approximately 21% of share of the protection relay market in 2021

What is the share of medium voltage segment in protection relay market?

Based on voltage range, the medium voltage segment is expected to hold approximately 35% share of the protection relay market

What are the prominent trends in the protection relay market?

Rise in adoption of ultra-high speed protection devices is the prominent trend in the global protection relay market.

Which region is more lucrative in protection relay market?

Asia Pacific is highly lucrative region of the protection relay market

1. Preface

    1.1. Market Introduction

    1.2. Market and Segments Definition

    1.3. Market Taxonomy

    1.4. Research Methodology

    1.5. Assumption and Acronyms

2. Executive Summary

    2.1. Protection Relay Market Overview

    2.2. Regional Outline

    2.3. Industry Outline

    2.4. Market Dynamics Country and Sub-region

    2.5. Competition Blueprint

3. Market Dynamics

    3.1. Macro-economic Factors

    3.2. Drivers

    3.3. Restraints

    3.4. Opportunities

    3.5. Key Trends

    3.6. Regulatory Scenario

4. Associated Industry and Key Indicator Assessment

    4.1. Parent Industry Overview – Global Protective Devices Industry Overview

    4.2. Supply Chain Analysis

    4.3. Pricing Analysis

    4.4. Insulation Roadmap Analysis

    4.5. Industry SWOT Analysis

    4.6. Porter Five Forces Analysis

    4.7. Covid-19 Impact and Recovery Analysis

5. Protection Relay Market Analysis, by Type

    5.1. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Type, 2017–2031

        5.1.1. Electromagnetic Relay

        5.1.2. Solid State Relay

        5.1.3. Numeric Relay

        5.1.4. Alternating Relay

        5.1.5. Others

    5.2. Market Attractiveness Analysis, by Type

6. Protection Relay Market Analysis, by Voltage Range

    6.1. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Voltage Range, 2017–2031

        6.1.1. Low Voltage (Less than 100 V)

        6.1.2. Medium Voltage (100 V to 1 KV)

        6.1.3. High Voltage (Above 1 KV)

    6.2. Market Attractiveness Analysis, by Voltage Range

7. Protection Relay Market Analysis, by Application 

    7.1. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by Application, 2017–2031

        7.1.1. Transformer Protection

        7.1.2. Motor Protection

        7.1.3. Busbar Protection

        7.1.4. Generator Protection

        7.1.5. Feeder Protection

        7.1.6. Transmission Line Protection

        7.1.7. Others

    7.2. Market Attractiveness Analysis, by Application

8. Protection Relay Market Analysis, by End-use Industry  

    8.1. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by End-use Industry, 2017–2031

        8.1.1. Energy & Utility

        8.1.2. Industrial

            8.1.2.1. Automotive and Transportation

            8.1.2.2. Oil & Gas

            8.1.2.3. Marine

            8.1.2.4. Food & Beverage

            8.1.2.5. Others

        8.1.3. Commercial & Institutional

    8.2. Market Attractiveness Analysis, by End-use Industry

9. Protection Relay Market Analysis and Forecast, by Region

    9.1. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Region, 2017–2031

        9.1.1. North America

        9.1.2. Europe

        9.1.3. Asia Pacific

        9.1.4. Middle East & Africa

        9.1.5. South America

    9.2. Market Attractiveness Analysis, by Region

10. North America Protection Relay Market Analysis and Forecast

    10.1. Market Country and Sub-region

    10.2. Drivers and Restraints: Impact Analysis

    10.3. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Type, 2017–2031

        10.3.1. Electromagnetic Relay

        10.3.2. Solid State Relay

        10.3.3. Numeric Relay

        10.3.4. Alternating Relay

        10.3.5. Others

    10.4. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Voltage Range, 2017–2031

        10.4.1. Low Voltage (Less than 100 V)

        10.4.2. Medium Voltage (100 V to 1 KV)

        10.4.3. High Voltage (Above 1 KV)

    10.5. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by Application, 2017–2031

        10.5.1. Transformer Protection

        10.5.2. Motor Protection

        10.5.3. Busbar Protection

        10.5.4. Generator Protection

        10.5.5. Feeder Protection

        10.5.6. Transmission Line Protection

        10.5.7. Others

    10.6. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by End-use Industry, 2017–2031

        10.6.1. Energy & Utility

        10.6.2. Industrial

            10.6.2.1. Automotive and Transportation

            10.6.2.2. Oil & Gas

            10.6.2.3. Marine

            10.6.2.4. Food & Beverage

            10.6.2.5. Others

        10.6.3. Commercial & Institutional

    10.7. Protection Relay Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Country and Sub-region, 2017–2031

        10.7.1. U.S.

        10.7.2. Canada

        10.7.3. Rest of North America

    10.8. Market Attractiveness Analysis

        10.8.1. By Type

        10.8.2. By Voltage Range

        10.8.3. By Application

        10.8.4. By End-use Industry

        10.8.5. By Country and Sub-region

11. Europe Protection Relay Market Analysis and Forecast

    11.1. Market Country and Sub-region

    11.2. Drivers and Restraints: Impact Analysis

    11.3. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Type, 2017–2031

        11.3.1. Electromagnetic Relay

        11.3.2. Solid State Relay

        11.3.3. Numeric Relay

        11.3.4. Alternating Relay

        11.3.5. Others

    11.4. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Voltage Range, 2017–2031

        11.4.1. Low Voltage (Less than 100 V)

        11.4.2. Medium Voltage (100 V to 1 KV)

        11.4.3. High Voltage (Above 1 KV)

    11.5. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by Application, 2017–2031

        11.5.1. Transformer Protection

        11.5.2. Motor Protection

        11.5.3. Busbar Protection

        11.5.4. Generator Protection

        11.5.5. Feeder Protection

        11.5.6. Transmission Line Protection

        11.5.7. Others

    11.6. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by End-use Industry, 2017–2031

        11.6.1. Energy & Utility

        11.6.2. Industrial

            11.6.2.1. Automotive and Transportation

            11.6.2.2. Oil & Gas

            11.6.2.3. Marine

            11.6.2.4. Food & Beverage

            11.6.2.5. Others

        11.6.3. Commercial & Institutional

    11.7. Protection Relay Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Country and Sub-region, 2017–2031

        11.7.1. U.K.

        11.7.2. Germany

        11.7.3. France

        11.7.4. Rest of Europe

    11.8. Market Attractiveness Analysis

        11.8.1. By Type

        11.8.2. By Voltage Range

        11.8.3. By Application

        11.8.4. By End-use Industry

        11.8.5. By Country and Sub-region

12. Asia Pacific Protection Relay Market Analysis and Forecast

    12.1. Market Country and Sub-region

    12.2. Drivers and Restraints: Impact Analysis

    12.3. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Type, 2017–2031

        12.3.1. Electromagnetic Relay

        12.3.2. Solid State Relay

        12.3.3. Numeric Relay

        12.3.4. Alternating Relay

        12.3.5. Others

    12.4. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Voltage Range, 2017–2031

        12.4.1. Low Voltage (Less than 100 V)

        12.4.2. Medium Voltage (100 V to 1 KV)

        12.4.3. High Voltage (Above 1 KV)

    12.5. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by Application, 2017–2031

        12.5.1. Transformer Protection

        12.5.2. Motor Protection

        12.5.3. Busbar Protection

        12.5.4. Generator Protection

        12.5.5. Feeder Protection

        12.5.6. Transmission Line Protection

        12.5.7. Others

    12.6. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by End-use Industry, 2017–2031

        12.6.1. Energy & Utility

        12.6.2. Industrial

            12.6.2.1. Automotive and Transportation

            12.6.2.2. Oil & Gas

            12.6.2.3. Marine

            12.6.2.4. Food & Beverage

            12.6.2.5. Others

        12.6.3. Commercial & Institutional

    12.7. Protection Relay Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Country and Sub-region, 2017–2031

        12.7.1. China

        12.7.2. India

        12.7.3. Japan

        12.7.4. South Korea

        12.7.5. ASEAN

        12.7.6. Rest of Asia Pacific

    12.8. Market Attractiveness Analysis

        12.8.1. By Type

        12.8.2. By Voltage Range

        12.8.3. By Application

        12.8.4. By End-use Industry

        12.8.5. By Country and Sub-region

13. Middle East & Africa Protection Relay Market Analysis and Forecast

    13.1. Market Country and Sub-region

    13.2. Drivers and Restraints: Impact Analysis

    13.3. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Type, 2017–2031

        13.3.1. Electromagnetic Relay

        13.3.2. Solid State Relay

        13.3.3. Numeric Relay

        13.3.4. Alternating Relay

        13.3.5. Others

    13.4. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Voltage Range, 2017–2031

        13.4.1. Low Voltage (Less than 100 V)

        13.4.2. Medium Voltage (100 V to 1 KV)

        13.4.3. High Voltage (Above 1 KV)

    13.5. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by Application, 2017–2031

        13.5.1. Transformer Protection

        13.5.2. Motor Protection

        13.5.3. Busbar Protection

        13.5.4. Generator Protection

        13.5.5. Feeder Protection

        13.5.6. Transmission Line Protection

        13.5.7. Others

    13.6. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by End-use Industry, 2017–2031

        13.6.1. Energy & Utility

        13.6.2. Industrial

            13.6.2.1. Automotive and Transportation

            13.6.2.2. Oil & Gas

            13.6.2.3. Marine

            13.6.2.4. Food & Beverage

            13.6.2.5. Others

        13.6.3. Commercial & Institutional

    13.7. Protection Relay Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Country and Sub-region, 2017–2031

        13.7.1. GCC

        13.7.2. South Africa

        13.7.3. Rest of the Middle East & Africa

    13.8. Market Attractiveness Analysis

        13.8.1. By Type

        13.8.2. By Voltage Range

        13.8.3. By Application

        13.8.4. By End-use Industry

        13.8.5. By Country and Sub-region

14. South America Protection Relay Market Analysis and Forecast

    14.1. Market Country and Sub-region

    14.2. Drivers and Restraints: Impact Analysis

    14.3. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Type, 2017–2031

        14.3.1. Electromagnetic Relay

        14.3.2. Solid State Relay

        14.3.3. Numeric Relay

        14.3.4. Alternating Relay

        14.3.5. Others

    14.4. Protection Relay Market Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Voltage Range, 2017–2031

        14.4.1. Low Voltage (Less than 100 V)

        14.4.2. Medium Voltage (100 V to 1 KV)

        14.4.3. High Voltage (Above 1 KV)

    14.5. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by Application, 2017–2031

        14.5.1. Transformer Protection

        14.5.2. Motor Protection

        14.5.3. Busbar Protection

        14.5.4. Generator Protection

        14.5.5. Feeder Protection

        14.5.6. Transmission Line Protection

        14.5.7. Others

    14.6. Protection Relay Market Value (US$ Bn) Analysis & Forecast, by End-use Industry, 2017–2031

        14.6.1. Energy & Utility

        14.6.2. Industrial

            14.6.2.1. Automotive and Transportation

            14.6.2.2. Oil & Gas

            14.6.2.3. Marine

            14.6.2.4. Food & Beverage

            14.6.2.5. Others

        14.6.3. Commercial & Institutional

    14.7. Protection Relay Value (US$ Bn) and Volume (Million Units) Analysis & Forecast, by Country and Sub-region, 2017–2031

        14.7.1. Brazil

        14.7.2. Rest of South America

    14.8. Market Attractiveness Analysis

        14.8.1. By Type

        14.8.2. By Voltage Range

        14.8.3. By Application

        14.8.4. By End-use Industry

        14.8.5. By Country and Sub-region

15. Competition Assessment

    15.1. Global Protection Relay Market Competition Matrix - a Dashboard View

        15.1.1. Global Protection Relay Market Company Share Analysis, by Value (2021)

        15.1.2. Technological Differentiator

16. Company Profiles (Global Manufacturers/Suppliers)

    16.1. ABB

        16.1.1. Overview

        16.1.2. Product Portfolio

        16.1.3. Sales Footprint

        16.1.4. Key Subsidiaries or Distributors

        16.1.5. Strategy and Recent Developments

        16.1.6. Key Financials

    16.2. Basler Electric

        16.2.1. Overview

        16.2.2. Product Portfolio

        16.2.3. Sales Footprint

        16.2.4. Key Subsidiaries or Distributors

        16.2.5. Strategy and Recent Developments

        16.2.6. Key Financials

    16.3. Eaton Corporation PLC

        16.3.1. Overview

        16.3.2. Product Portfolio

        16.3.3. Sales Footprint

        16.3.4. Key Subsidiaries or Distributors

        16.3.5. Strategy and Recent Developments

        16.3.6. Key Financials

    16.4. Fanox

        16.4.1. Overview

        16.4.2. Product Portfolio

        16.4.3. Sales Footprint

        16.4.4. Key Subsidiaries or Distributors

        16.4.5. Strategy and Recent Developments

        16.4.6. Key Financials

    16.5. General Electric Company

        16.5.1. Overview

        16.5.2. Product Portfolio

        16.5.3. Sales Footprint

        16.5.4. Key Subsidiaries or Distributors

        16.5.5. Strategy and Recent Developments

        16.5.6. Key Financials

    16.6. Iskra

        16.6.1. Overview

        16.6.2. Product Portfolio

        16.6.3. Sales Footprint

        16.6.4. Key Subsidiaries or Distributors

        16.6.5. Strategy and Recent Developments

        16.6.6. Key Financials

    16.7. Littelfuse, Inc.

        16.7.1. Overview

        16.7.2. Product Portfolio

        16.7.3. Sales Footprint

        16.7.4. Key Subsidiaries or Distributors

        16.7.5. Strategy and Recent Developments

        16.7.6. Key Financials

    16.8. MEIDENSHA CORPORATION

        16.8.1. Overview

        16.8.2. Product Portfolio

        16.8.3. Sales Footprint

        16.8.4. Key Subsidiaries or Distributors

        16.8.5. Strategy and Recent Developments

        16.8.6. Key Financials

    16.9. Mitsubishi Electric Corporation

        16.9.1. Overview

        16.9.2. Product Portfolio

        16.9.3. Sales Footprint

        16.9.4. Key Subsidiaries or Distributors

        16.9.5. Strategy and Recent Developments

        16.9.6. Key Financials

    16.10. NISSIN ELECTRIC Co.,Ltd.

        16.10.1. Overview

        16.10.2. Product Portfolio

        16.10.3. Sales Footprint

        16.10.4. Key Subsidiaries or Distributors

        16.10.5. Strategy and Recent Developments

        16.10.6. Key Financials

    16.11. Rockwell Automation, Inc.

        16.11.1. Overview

        16.11.2. Product Portfolio

        16.11.3. Sales Footprint

        16.11.4. Key Subsidiaries or Distributors

        16.11.5. Strategy and Recent Developments

        16.11.6. Key Financials

    16.12. Schneider Electric

        16.12.1. Overview

        16.12.2. Product Portfolio

        16.12.3. Sales Footprint

        16.12.4. Key Subsidiaries or Distributors

        16.12.5. Strategy and Recent Developments

        16.12.6. Key Financials

    16.13. Siemens

        16.13.1. Overview

        16.13.2. Product Portfolio

        16.13.3. Sales Footprint

        16.13.4. Key Subsidiaries or Distributors

        16.13.5. Strategy and Recent Developments

        16.13.6. Key Financials

    16.14. TE Connectivity

        16.14.1. Overview

        16.14.2. Product Portfolio

        16.14.3. Sales Footprint

        16.14.4. Key Subsidiaries or Distributors

        16.14.5. Strategy and Recent Developments

        16.14.6. Key Financials

    16.15. Toshiba Energy Systems & Solutions Corporation

        16.15.1. Overview

        16.15.2. Product Portfolio

        16.15.3. Sales Footprint

        16.15.4. Key Subsidiaries or Distributors

        16.15.5. Strategy and Recent Developments

        16.15.6. Key Financials

17. Recommendation

    17.1. Opportunity Assessment

        17.1.1. By Type

        17.1.2. By Voltage Range

        17.1.3. By Application

        17.1.4. By End-use Industry

        17.1.5. By Region

List of Tables

Table 01: Global Protection Relay Market Value (US$ Bn) Forecast, by Type, 2017‒2031

Table 02: Global Protection Relay Market Volume (Million Units) Forecast, by Type, 2017‒2031

Table 03: Global Protection Relay Market Value (US$ Bn) Forecast, by Voltage Range, 2017‒2031

Table 04: Global Protection Relay Market Value (Million Units) Forecast, by Voltage Range, 2017‒2031

Table 05: Global Protection Relay Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 06: Global Protection Relay Market Value (US$ Bn) Forecast, by End-use Industry, 2017‒2031

Table 07: Global Protection Relay Market Value (US$ Bn) Forecast, by Region, 2017‒2031

Table 08: North America Protection Relay Market Value (US$ Bn) Forecast, by Type, 2017‒2031

Table 09: North America Protection Relay Market Volume (Million Units) Forecast, by Type, 2017‒2031

Table 10: North America Protection Relay Market Value (US$ Bn) Forecast, by Voltage Range, 2017‒2031

Table 11: North America Protection Relay Market Value (Million Units) Forecast, by Voltage Range, 2017‒2031

Table 12: North America Protection Relay Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 13: North America Protection Relay Market Value (US$ Bn) Forecast, by End-use Industry, 2017‒2031

Table 14: North America Protection Relay Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 15: Europe Protection Relay Market Value (US$ Bn) Forecast, by Type, 2017‒2031

Table 16: Europe Protection Relay Market Volume (Million Units) Forecast, by Type, 2017‒2031

Table 17: Europe Protection Relay Market Value (US$ Bn) Forecast, by Voltage Range, 2017‒2031

Table 18: Europe Protection Relay Market Value (Million Units) Forecast, by Voltage Range, 2017‒2031

Table 19: Europe Protection Relay Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 20: Europe Protection Relay Market Value (US$ Bn) Forecast, by End-use Industry, 2017‒2031

Table 21: Europe Protection Relay Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 22: Asia Pacific Protection Relay Market Value (US$ Bn) Forecast, by Type, 2017‒2031

Table 23: Asia Pacific Protection Relay Market Volume (Million Units) Forecast, by Type, 2017‒2031

Table 24: Asia Pacific Protection Relay Market Value (US$ Bn) Forecast, by Voltage Range, 2017‒2031

Table 25: Asia Pacific Protection Relay Market Value (Million Units) Forecast, by Voltage Range, 2017‒2031

Table 26: Asia Pacific Protection Relay Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 27: Asia Pacific Protection Relay Market Value (US$ Bn) Forecast, by End-use Industry, 2017‒2031

Table 28: Asia Pacific Protection Relay Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 29: Middle East & Africa Protection Relay Market Value (US$ Bn) Forecast, by Type, 2017‒2031

Table 30: Middle East & Africa Protection Relay Market Volume (Million Units) Forecast, by Type, 2017‒2031

Table 31: Middle East & Africa Protection Relay Market Value (US$ Bn) Forecast, by Voltage Range, 2017‒2031

Table 32: Middle East & Africa Protection Relay Market Value (Million Units) Forecast, by Voltage Range, 2017‒2031

Table 33: Middle East & Africa Protection Relay Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 34: Middle East & Africa Protection Relay Market Value (US$ Bn) Forecast, by End-use Industry, 2017‒2031

Table 35: Middle East & Africa Protection Relay Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

Table 36: South America Protection Relay Market Value (US$ Bn) Forecast, by Type, 2017‒2031

Table 37: South America Protection Relay Market Volume (Million Units) Forecast, by Type, 2017‒2031

Table 38: South America Protection Relay Market Value (US$ Bn) Forecast, by Voltage Range, 2017‒2031

Table 39: South America Protection Relay Market Value (Million Units) Forecast, by Voltage Range, 2017‒2031

Table 40: South America Protection Relay Market Value (US$ Bn) Forecast, by Application, 2017‒2031

Table 41: South America Protection Relay Market Value (US$ Bn) Forecast, by End-use Industry, 2017‒2031

Table 42: South America Protection Relay Market Value (US$ Bn) Forecast, by Country & Sub-region, 2017‒2031

List of Figures

Figure 01: Global Protection Relay Market Share Analysis, by Region, 2022 and 2031

Figure 02: Global Protection Relay Price Trend Analysis (Average Price, US$ Thousand)

Figure 03: Global Protection Relay Market Size & Forecast, Value (US$ Bn), 2017-2031

Figure 04: Global Protection Relay Market Size & Forecast, Volume (Million Units), 2017-2031

Figure 05: Global Protection Relay Market, Year-on-Year Growth, Global Overview, 2018-2031

Figure 06: Global Protection Relay Market Projections by Type, Value (US$ Bn), 2017-2031

Figure 07: Global Protection Relay Market, Incremental Opportunity, by Type, Value (US$ Mn ), 2022-2031

Figure 08: Global Protection Relay Market Share Analysis, by Type, 2022 and 2031

Figure 09: Global Protection Relay Market Projections by Voltage Range, Value (US$ Bn), 2017-2031

Figure 10: Global Protection Relay Market, Incremental Opportunity, by Voltage Range, Value (US$ Bn), 2022-2031

Figure 11: Global Protection Relay Market Share Analysis, by Voltage Range, 2022 and 2031

Figure 12: Global Protection Relay Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 13: Global Protection Relay Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 14: Global Protection Relay Market Share Analysis, by Application, 2022 and 2031

Figure 15: Global Protection Relay Market Projections by End-use Industry, Value (US$ Bn), 2017-2031

Figure 16: Global Protection Relay Market, Incremental Opportunity, by End-use Industry, Value (US$ Bn), 2022-2031

Figure 17: Global Protection Relay Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 18: Global Protection Relay Market Projections by Region, Value (US$ Bn), 2017-2031

Figure 19: Global Protection Relay Market, Incremental Opportunity, by Region, Value (US$ Bn), 2022-2031

Figure 20: Global Protection Relay Market Share Analysis, by Region, 2022 and 2031

Figure 21: North America Protection Relay Market Size & Forecast, Value (US$ Bn), 2017-2031

Figure 22: North America Protection Relay Market Size & Forecast, Volume (Million Units), 2017-2031

Figure 23: North America Protection Relay Market, Year-on-Year Growth, North America Overview, 2018-2031

Figure 24: North America Protection Relay Market Projections by Type, Value (US$ Bn), 2017-2031

Figure 25: North America Protection Relay Market, Incremental Opportunity, by Type, Value (US$ Mn ), 2022-2031

Figure 26: North America Protection Relay Market Share Analysis, by Type, 2022 and 2031

Figure 27: North America Protection Relay Market Projections by Voltage Range, Value (US$ Bn), 2017-2031

Figure 28: North America Protection Relay Market, Incremental Opportunity, by Voltage Range, Value (US$ Bn), 2022-2031

Figure 29: North America Protection Relay Market Share Analysis, by Voltage Range, 2022 and 2031

Figure 30: North America Protection Relay Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 31: North America Protection Relay Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 32: North America Protection Relay Market Share Analysis, by Application, 2022 and 2031

Figure 33: North America Protection Relay Market Projections by End-use Industry, Value (US$ Bn), 2017-2031

Figure 34: North America Protection Relay Market, Incremental Opportunity, by End-use Industry, Value (US$ Bn), 2022-2031

Figure 35: North America Protection Relay Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 36: North America Protection Relay Market Projections by Country and Sub-region, Value (US$ Bn), 2017-2031

Figure 37: North America Protection Relay Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Bn), 2022-2031

Figure 38: North America Protection Relay Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 39: Europe Protection Relay Market Size & Forecast, Value (US$ Bn), 2017-2031

Figure 40: Europe Protection Relay Market Size & Forecast, Volume (Million Units), 2017-2031

Figure 41: Europe Protection Relay Market, Year-on-Year Growth, Europe Overview, 2018-2031

Figure 42: Europe Protection Relay Market Projections by Type, Value (US$ Bn), 2017-2031

Figure 43: Europe Protection Relay Market, Incremental Opportunity, by Type, Value (US$ Mn ), 2022-2031

Figure 44: Europe Protection Relay Market Share Analysis, by Type, 2022 and 2031

Figure 45: Europe Protection Relay Market Projections by Voltage Range, Value (US$ Bn), 2017-2031

Figure 46: Europe Protection Relay Market, Incremental Opportunity, by Voltage Range, Value (US$ Bn), 2022-2031

Figure 47: Europe Protection Relay Market Share Analysis, by Voltage Range, 2022 and 2031

Figure 48: Europe Protection Relay Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 49: Europe Protection Relay Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 50: Europe Protection Relay Market Share Analysis, by Application, 2022 and 2031

Figure 51: Europe Protection Relay Market Projections by End-use Industry, Value (US$ Bn), 2017-2031

Figure 52: Europe Protection Relay Market, Incremental Opportunity, by End-use Industry, Value (US$ Bn), 2022-2031

Figure 53: Europe Protection Relay Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 54: Europe Protection Relay Market Projections by Country and Sub-region, Value (US$ Bn), 2017-2031

Figure 55: Europe Protection Relay Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Bn), 2022-2031

Figure 56: Europe Protection Relay Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 57: Asia Pacific Protection Relay Market Size & Forecast, Value (US$ Bn), 2017-2031

Figure 58: Asia Pacific Protection Relay Market Size & Forecast, Volume (Million Units), 2017-2031

Figure 59: Asia Pacific Protection Relay Market, Year-on-Year Growth, Asia Pacific Overview, 2018-2031

Figure 60: Asia Pacific Protection Relay Market Projections by Type, Value (US$ Bn), 2017-2031

Figure 61: Asia Pacific Protection Relay Market, Incremental Opportunity, by Type, Value (US$ Mn ), 2022-2031

Figure 62: Asia Pacific Protection Relay Market Share Analysis, by Type, 2022 and 2031

Figure 63: Asia Pacific Protection Relay Market Projections by Voltage Range, Value (US$ Bn), 2017-2031

Figure 64: Asia Pacific Protection Relay Market, Incremental Opportunity, by Voltage Range, Value (US$ Bn), 2022-2031

Figure 65: Asia Pacific Protection Relay Market Share Analysis, by Voltage Range, 2022 and 2031

Figure 66: Asia Pacific Protection Relay Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 67: Asia Pacific Protection Relay Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 68: Asia Pacific Protection Relay Market Share Analysis, by Application, 2022 and 2031

Figure 69: Asia Pacific Protection Relay Market Projections by End-use Industry, Value (US$ Bn), 2017-2031

Figure 70: Asia Pacific Protection Relay Market, Incremental Opportunity, by End-use Industry, Value (US$ Bn), 2022-2031

Figure 71: Asia Pacific Protection Relay Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 72: Asia Pacific Protection Relay Market Projections by Country and Sub-region, Value (US$ Bn), 2017-2031

Figure 73: Asia Pacific Protection Relay Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Bn), 2022-2031

Figure 74: Asia Pacific Protection Relay Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 75: Middle East & Africa Protection Relay Market Size & Forecast, Value (US$ Bn), 2017-2031

Figure 76: Middle East & Africa Protection Relay Market Size & Forecast, Volume (Million Units), 2017-2031

Figure 77: Middle East & Africa Protection Relay Market, Year-on-Year Growth, Middle East & Africa Overview, 2018-2031

Figure 78: Middle East & Africa Protection Relay Market Projections by Type, Value (US$ Bn), 2017-2031

Figure 79: Middle East & Africa Protection Relay Market, Incremental Opportunity, by Type, Value (US$ Mn ), 2022-2031

Figure 80: Middle East & Africa Protection Relay Market Share Analysis, by Type, 2022 and 2031

Figure 81: Middle East & Africa Protection Relay Market Projections by Voltage Range, Value (US$ Bn), 2017-2031

Figure 82: Middle East & Africa Protection Relay Market, Incremental Opportunity, by Voltage Range, Value (US$ Bn), 2022-2031

Figure 83: Middle East & Africa Protection Relay Market Share Analysis, by Voltage Range, 2022 and 2031

Figure 84: Middle East & Africa Protection Relay Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 85: Middle East & Africa Protection Relay Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 86: Middle East & Africa Protection Relay Market Share Analysis, by Application, 2022 and 2031

Figure 87: Middle East & Africa Protection Relay Market Projections by End-use Industry, Value (US$ Bn), 2017-2031

Figure 88: Middle East & Africa Protection Relay Market, Incremental Opportunity, by End-use Industry, Value (US$ Bn), 2022-2031

Figure 89: Middle East & Africa Protection Relay Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 90: Middle East & Africa Protection Relay Market Projections by Country and Sub-region, Value (US$ Bn), 2017-2031

Figure 91: Middle East & Africa Protection Relay Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Bn), 2022-2031

Figure 92: Middle East & Africa Protection Relay Market Share Analysis, by Country and Sub-region, 2022 and 2031

Figure 93: South America Protection Relay Market Size & Forecast, Value (US$ Bn), 2017-2031

Figure 94: South America Protection Relay Market Size & Forecast, Volume (Million Units), 2017-2031

Figure 95: South America Protection Relay Market, Year-on-Year Growth, South America Overview, 2018-2031

Figure 96: South America Protection Relay Market Projections by Type, Value (US$ Bn), 2017-2031

Figure 97: South America Protection Relay Market, Incremental Opportunity, by Type, Value (US$ Mn ), 2022-2031

Figure 98: South America Protection Relay Market Share Analysis, by Type, 2022 and 2031

Figure 99: South America Protection Relay Market Projections by Voltage Range, Value (US$ Bn), 2017-2031

Figure 100: South America Protection Relay Market, Incremental Opportunity, by Voltage Range, Value (US$ Bn), 2022-2031

Figure 101: South America Protection Relay Market Share Analysis, by Voltage Range, 2022 and 2031

Figure 102: South America Protection Relay Market Projections by Application, Value (US$ Mn ), 2017-2031

Figure 103: South America Protection Relay Market, Incremental Opportunity, by Application, Value (US$ Mn ), 2022-2031

Figure 104: South America Protection Relay Market Share Analysis, by Application, 2022 and 2031

Figure 105: South America Protection Relay Market Projections by End-use Industry, Value (US$ Bn), 2017-2031

Figure 106: South America Protection Relay Market, Incremental Opportunity, by End-use Industry, Value (US$ Bn), 2022-2031

Figure 107: South America Protection Relay Market Share Analysis, by End-use Industry, 2022 and 2031

Figure 108: South America Protection Relay Market Projections by Country and Sub-region, Value (US$ Bn), 2017-2031

Figure 109: South America Protection Relay Market, Incremental Opportunity, by Country and Sub-region, Value (US$ Bn), 2022-2031

Figure 110: South America Protection Relay Market Share Analysis, by Country and Sub-region, 2022 and 2031

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