Protective Relay Market 2016 Trend, Analysis and Overview

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.

Publisher's analysts forecast the global protective relay market to grow at a CAGR of 10.45% during the period 2016-2020.

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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

Publisher'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.

Key vendors
- ABB
- Alstom
- GE
- SEL
- Siemens

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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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