Protective Relay Market by Type (High, Medium, and Low Voltage) - Global Trends and Forecasts to 2019

The report “Protective Relay Market by Type (High, Medium, and Low Voltage), by Application (Utilities, Industries), and by Product Category (Feeder Protection, Transmission Line Distance, Motor Protection, Transformer Protection) – Global Trends and Forecasts to 2019” is now available at RnRMarketResearch.com. Contact sales@rnrmarketresearch.com with report name in subject line and your contact details to purchase this report or get your questions answered.

This report estimates the protective relays market in terms of revenue ($millions). This has been broken down into component regions and is further split into countries.
Protective relays are the integral part of the circuit protection system in the power market. Protective relays ensure normal operation of the components of an electric circuit. The basic function of these relays is to prompt the switching device to remove the element from the circuit, when it suffers a short circuit or when the operational parameters vary from the normal. Relays are generally paired with circuit breakers (which also act as switching devices). These are activated by the relays upon sensing the fault. Circuit breakers are positioned in a manner such that the equipment such as generator, transformer, bus, or transmission lines can be completely disconnected from the rest of the system in order to protect them. Along with this primary function, the relays also trace the location of the fault that helps in removing it.

The studyhas profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include ABB Ltd. (Switzerland), Siemens AG (Germany), Eaton Corporation (Ireland), SEL Inc. (U.S.)Schneider Electric SE (France), Mitsubishi Electric Corporation (Japan), and others.
Asia-Pacific leads the market for the protective relay globally with biggest market share and is expected to grow with the highest CAGR among the other regions. This growth is attributed to the growing industrialization and urbanization in the market. There is also a good replacement market for the relays in the developed regions like North America and Europe.

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Protective relays are preferred over other protective devices (such as fuse) because of their features that make them more reliable. Relays are selected for a particular application on the basis of following parameters:

• Size: Relay selection depends on the area of deployment of the device. If there are size constraints, smaller relays are preferred and they may be expensive as compared to their larger counterparts
• Flexibility: It is the property of relays that allows the usage of the device for different purposes with minor modifications in the software
• Reliability: Relays protect equipment worth millions; hence, the selection varies with the value of the equipment to be protected. Expensive equipment requires highly reliable relays that can ensure optimized and consistent protection
• Sensitivity: Relays with high sensitivity provide greater responsiveness to switching. Sensitivity depends on the ability to detect minor faults. This helps in the disconnection of equipment even at low fluctuations in the parameters of the circuit. However, over-sensitivity of relays for a particular circuit can be a problem, because it will trip the circuit breaker frequently resulting in the irregular flow of current in the circuit.
• Speed: Relays with high speed switching capabilities are preferred more in order to ensure the timely disconnection of elements of the circuit to avoid any damage.
• Ease of Resetting: Resetting of relays is also a major selection criterion. The relay that resets easily with lesser time is in more demand.

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Table of Contents

1 Introduction
1.1. Objectives of the Study
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
1.5. Market Scope

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Global Pr Market By Type

8 Global Pr Market By Product Category

9 Global Pr Market By Application

10 Global Pr Market, By Geography

11 Competitive Landscape

12 Company Profiles
12.1. ABB Ltd
12.2. Ge Co.
12.3. Schneider Electric SA
12.4. Sel, Inc.
12.5. Littelfuse, Inc.
12.6. Mitsubishi Electric Corp.
12.7. NR Electric Co. Ltd
12.8. Siemens AG
12.9. Fanox
12.10.  Eaton

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