World Protective Relay Market Analysis to 2027, with Key Players General Electric, Schweitzer Engineering Laboratories and Eaton -

The "Protective Relay - Global Market Outlook (2018-2027)" report has been added to's offering.

The Global Protective Relay market accounted for $1.73 billion in 2018 and is expected to reach $3.32 billion by 2027 growing at a CAGR of 7.5% during the forecast period. Some of the key factors propelling the market growth include adoption of IEC 61850 standard for substation automation, growing renewable industry, rising industrialization, growth in electricity consumption, and increasing demand from data centers & communication base station. However, the lack of investment in grid stability in developing countries is restraining the market growth.

By technology, the digital & numerical segment is expected to grow at a significant rate during the forecast period, due to an increased focus on substation automation, smart grid implementation, and distribution and transmission infrastructure development. Digital & numeric protective relays are advanced relays that feature multiple protection functions in one unit, along with metering, communication, self-test functions, and others. These relays use software-based protection algorithms for the detection of faults and are also known as micro-processor type protective relays. These types of advanced features of digital relay make them more attractive in the market than the other electromechanical relay.

On the basis of geography, the Asia Pacific region is expected to have considerable market growth during the forecast period, due to the increasing renewable energy capacity addition in countries such as China, India, South Korea, and Australia. Additionally, the market is driven by the expansion of distribution and transmission infrastructure, the modernization of existing infrastructure through substation automation, and the replacement of electromechanical relays with numeric ones in Asia Pacific.

Some of the key players in protective relay market include General Electric, Schweitzer Engineering Laboratories, Eaton, Toshiba, CG Power and Industrial Solutions, Ziv Aplicaciones Y Tecnologia, Basler Electric, Fanox Electronic, Orion Italia, Schneider Electric, ABB, Siemens, Woodward, Ashida Electronics, Littelfuse, Larsen & Toubro, Nr Electric, Mitsubishi Electric, Rockwell, and Solcon.

Key report benefits:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Technology Analysis

3.7 Application Analysis

3.8 End User Analysis

3.9 Emerging Markets

3.10 Impact of Covid-19

4 Porters Five Force Analysis

5 Global Protective Relay Market, By Technology

5.1 Introduction

5.2 Digital & Numerical Relay

5.3 Electromechanical Relays

5.4 Static Relays

5.5 Solid-state Relays

5.6 Microprocessor Relays

5.7 Electromagnetic Relays

6 Global Protective Relay Market, By Voltage

6.1 Introduction

6.2 Medium Voltage

6.3 High Voltage

6.4 Low Voltage

7 Global Protective Relay Market, By Application

7.1 Introduction

7.2 Feeder

7.3 Generator

7.4 Transmission line

7.5 Bus-bar Protection

7.6 Transformer

7.7 Motor

7.8 Other Applications

7.8.1 Interconnection Protection

7.8.2 Breaker Protection

7.8.3 Capacitor Banks & Filterbanks Protection

8 Global Protective Relay Market, By End User

8.1 Introduction

8.2 Industrial

8.3 Railways

8.4 Energy & Utility

8.5 Infrastructure

8.6 Government

8.7 Renewables

8.8 Marine

8.9 Other End Users

9 Global Protective Relay Market, By Function

9.1 Introduction

9.2 Differential Relays

9.3 Reverse Power

9.4 Overcurrent Relay

9.5 Over/Under Voltage Relays

9.6 Distance Relays

10 Global Protective Relay Market, By Geography

11 Key Developments

11.1 Agreements, Partnerships, Collaborations and Joint Ventures

11.2 Acquisitions & Mergers

11.3 New Product Launch

11.4 Expansions

11.5 Other Key Strategies

12 Company Profiling

12.1 General Electric

12.2 Schweitzer Engineering Laboratories

12.3 Eaton

12.4 Toshiba

12.5 CG Power and Industrial Solutions

12.6 Ziv Aplicaciones Y Tecnologia

12.7 Basler Electric

12.8 Fanox Electronic

12.9 Orion Italia

12.10 Schneider Electric

12.11 ABB

12.12 Siemens

12.13 Woodward

12.14 Ashida Electronics

12.15 Littelfuse

12.16 Larsen & Toubro

12.17 Nr Electric

12.18 Mitsubishi Electric

12.19 Rockwell

12.20 Solcon

For more information about this report visit

About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.