Industries > Energy > Global MV Protection Relay Market Report 2019-2029

Global MV Protection Relay Market Report 2019-2029

Analysis by Type (Electromechanical & Static Relay and Digital & Numerical Relay), by Connected Load (Feeder Lines, Transformers and Motors) and End User (Utilities and Industrial), Company and Country Analysis and Forecasts

PUBLISHED: 30 May 2019
PAGES: 254
PRODUCT CODE: ENE0212
SUBMARKET: Gas Oil

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Market Definition:
• MV Protection Relay is a medium voltage protective relay which signals the switching mechanism to operate once they detect the overcurrent or other abnormal or unacceptable condition
• The relays monitor sensor outputs and enable the breaker to operate to protect the system when preset limits are exceeded, hence the name “protective relays.

Market Overview and Trends
• In September 2018, Schneider Electric launched a new technology, 72.5kV switchgear for offshore wind farms. It’s application of Medium Voltage technology benefits over traditional 72.5kV equipment in ways of safety, configuration and operation
• The current 72.5kV was costly and intended for heavy and transmission purposes, the company developed a new generation of 72.5kV applicable to all high voltages standards but with the benefits of Medium voltage switch gear

Market Dynamics:

Factors Influencing the Market Growth:
• Increased expansion of Transmission & Distribution Networks
• Upgrading of Existing Substations and Feeder Line Protection
• Growth of the Renewable Industry

Factors Restraining the Market Growth:
• Lack of Investments from Governments in Grid Stability
• Increasing competition from the unorganized sector

Market Segmentation 2019-2029:

Type
• Electromechanical & Static Relay Systems Market, 2019-2029
• Digital & Numerical Relay Systems Market, 2019-2029

Connected Load
• Feeder Lines Market, 2019-2029
• Transformers Market, 2019-2029
• Motors Market, 2019-2029

End User
• Utilities Market, 2019-2029
– Power Generation
– Power Distribution
• Industrial Market, 2019-2029
– Oil & Gas
– Metal & Mining
– Chemical & Pharmaceutical
• Commercial & Institutional Market, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East and Africa Market, 2019-2029

Competitive Analysis:
• Companies are actively engaged in different developmental strategies in order to improve and increase their foothold in the global MV Protection Relay market.
• There have been a considerable number of product launches, product developments, mergers, and acquisitions recently in the global MV Protection Relay industry.

Major Market Players:
• Key company profiles such as ABB, Siemens, SCHNEIDER ELECTRIC, Rockwell, Eaton, Mitsubishi Electric, Schweitzer, Larsen & Toubro, Toshiba Corporation, Terasaki, Powell Industries, Woodward, Solcon, and General Electric

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