Siemens Energy- announced its new series of protective relays- Reyrolle 5, which is offering an overcurrent along with transformer protection, and earth fault protection in substations.
Eaton- announced three new products Power Xpert C445 which is an intelligent motor management relay, easyE4 control relay, and Power Safety Like Air Circuit Breakers.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 2579
Published Date: Apr 29, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
In the year 2023, the industry size of the protective relay market was over USD 3 billion.
The market size for the protective relay market is projected to cross USD 7 billion by the end of 2036 expanding at a CAGR of 6% during the forecast period i.e., between 2024-2036.
The major players in the market are ABB Group, Schneider Electric SE, Siemens, Hitachi, Ltd., General Electric Company, Siemens AG, Mitsubishi Electric Corporation, NR Electric, LARSEN & TOUBRO LIMITED, Toshiba Corporation, Basler Electric Company, Rockwell Automation, Inc., OMRON Corporation, and others.
In terms of application type, the motor protection segment is anticipated to account for the largest market share of 28% during 2024-2036.
The APAC protective relay sector is poised to hold the highest share of 47% by 2036.