Protective Relay Market Globally Grow at a CAGR of 10.45% by Revenue During the Forecast Period 2017-2020

ResearchMoz presents professional and in-depth study of “Global Protective Relay Market 2016-2020”.

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.

Technavios 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.

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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

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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?

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