Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/protective-relay-market/requestsample
Market Trends
The growing adoption of renewable energy sources have substantially increased the product utilization in the smart grid network to minimize power outages. Moreover, the growing construction activities for power substations worldwide are further bolstering the market growth. The power stations employ protective relays to trigger alarm switches and circuit breakers during extreme voltage fluctuations while supplying electricity for commercial and residential applications. Additionally, the growing number of advanced electrical circuit designs have further aggravated the demand for protective relays to monitor over-current, over-voltage, and under-frequency for reversing power flow and avoiding major accidents. Furthermore, the increasing awareness regarding safety in the power sector and extensive R&D activities are also expected to drive the protective relay market.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/protective-relay-market
Insights on Market Segmentation:
Breakup by Voltage:
- High
- Medium
- Low
- Electromagnetic Relays
- Solid-State Relays
- Microprocessor Relays
- Others
- Feeder Protection
- Transformer Protection
- Motors Protection
- Generators Protection
- Busbar Protection
- Others
- Power Generation and Distribution
- Industrial Equipments and Systems
- Railways
- Others
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: [email protected]
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal