세계의 보호 계전기 시장 : 전압별, 기술별, 용도별, 최종 사용 산업별, 예측(2024-2032년)

Global Protective Relay Market is expected to record a CAGR of over 5% between 2024-2032, driven by various factors including technological advancements, increasing emphasis on grid reliability, and the growing demand for electricity.

According to IEA, to achieve national energy and climate goals, global electricity use must increase by 20% in the next decade. By 2040, over 80 million kilometers of grids need to be added or upgraded, equivalent to the existing global grid's length. The increasing investments in modernizing the aging power infrastructure across the globe is proving to be a major driver for the industry growth. With the rising need to enhance grid reliability and efficiency, utilities are increasingly adopting advanced protective relays to safeguard critical electrical equipment and prevent downtime. Additionally, stringent government regulations mandating the installation of protective relays in power systems are further bolstering market growth.

The overall protective relay industry is classified based on voltage, technology, application, end-use, and region.

The industrial segment is anticipated to gain prominence by 2032, as industries such as manufacturing, oil and gas, mining, and petrochemicals rely heavily on electrical systems to power their operations. The deployment of protective relays in industrial settings ensures the uninterrupted operation of critical machinery, protects against equipment damage, and minimizes the risk of electrical accidents. Moreover, the integration of smart relays equipped with advanced monitoring and diagnostic capabilities is enabling industrial operators to optimize asset performance and enhance operational efficiency.

The medium-voltage relays segment is set to experience substantial growth between 2024-2032, owing to the increasing deployment of medium voltage power distribution systems across various industries. Medium voltage relays safeguard medium-scale electrical equipment and networks against faults, overloads, and other electrical abnormalities. Moreover, the rising adoption of renewable energy sources and the expansion of distributed generation systems will propel segment growth.

North America protective relay market is expected to witness a decent growth trajectory through 2032, driven by the presence of mature power infrastructure, technological advancements, and stringent regulatory frameworks. The region's ongoing initiatives to modernize its grid infrastructure and integrate renewable energy sources are creating lucrative opportunities for protective relay manufacturers. Additionally, the increasing focus on grid resilience and reliability in the face of natural disasters and cyber threats is further fueling the demand for advanced protective relay solutions across the region.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definition
• 1.2 Base estimates & calculations
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry 360 degree synopsis, 2018 - 2032
• 2.2 Business trends
  • 2.2.1 Total addressable market (TAM), 2024-2032

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Vendor matrix
• 3.3 Profit margin analysis
• 3.4 Technology & innovation landscape
• 3.5 Patent analysis
• 3.6 Key news and initiatives
• 3.7 Regulatory landscape
• 3.8 Impact forces
  • 3.8.1 Growth drivers
    • 3.8.1.1 Grid modernization and smart grid initiatives
    • 3.8.1.2 Focus on renewable energy integration
    • 3.8.1.3 Rising trend towards vehicle electrification
    • 3.8.1.4 Growing industrialization and infrastructure development
    • 3.8.1.5 Rising focus on power quality
  • 3.8.2 Industry pitfalls & challenges
    • 3.8.2.1 High installation and maintenance costs
    • 3.8.2.2 Technical complexity
• 3.9 Growth potential analysis
• 3.10 Porter's analysis
  • 3.10.1 Supplier power
  • 3.10.2 Buyer power
  • 3.10.3 Threat of new entrants
  • 3.10.4 Threat of substitutes
  • 3.10.5 Industry rivalry
• 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Voltage, 2018-2032 (USD Million)

• 5.1 Key trends
• 5.2 Low-voltage relays
• 5.3 Medium-voltage relays
• 5.4 High-voltage relays

Chapter 6 Market Estimates & Forecast, By Technology, 2018-2032 (USD Million)

• 6.1 Key trends
• 6.2 Digital & numeric relay
• 6.3 Electromechanical & static relay

Chapter 7 Market Estimates & Forecast, By Application, 2018-2032 (USD Million)

• 7.1 Key trends
• 7.2 Transmission lines
• 7.3 Motors
• 7.4 Generators
• 7.5 Transformers
• 7.6 Feeder protection
• 7.7 Busbar
• 7.8 Others

Chapter 8 Market Estimates & Forecast, By End-Use Industry, 2018-2032 (USD Million)

• 8.1 Key trends
• 8.2 Utilities
• 8.3 Industrial
• 8.4 Renewable energy
• 8.5 Others

Chapter 9 Market Estimates & Forecast, By Region, 2018-2032 (USD Million)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 ANZ
  • 9.4.6 Rest of Asia Pacific
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Rest of Latin America
• 9.6 MEA
  • 9.6.1 UAE
  • 9.6.2 South Africa
  • 9.6.3 Saudi Arabia
  • 9.6.4 Rest of MEA

Chapter 10 Company Profiles

• 10.1 ABB Ltd.
• 10.2 Basler Electric
• 10.3 Bender GmbH & Co. KG
• 10.4 Eaton Corporation Plc.
• 10.5 FANOX ELECTRONIC, SL
• 10.6 General Electric
• 10.7 Larson & Toubro Limited
• 10.8 Mitsubishi Electric Corporation
• 10.9 NR Electric Co., Ltd.
• 10.10 Rockwell Automation Inc.
• 10.11 Schneider Electric SE
• 10.12 Schweitzer Engineering Laboratories, Inc.
• 10.13 Siemens AG
• 10.14 Toshiba Corporation
• 10.15 ZIV