Protective Relays and Circuit Breakers: Global Markets

Report Code: IAS157B

Publish Date: Nov 2024

Publisher: BCC Publishing

Category: Instrumentation and Sensors

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Report Highlights

The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.

Report Includes

  • 80 data tables and 58 additional tables
  • An overview of the global market for protective relays and circuit breakers within the industry
  • Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025 and 2026, and projections of compound annual growth rates (CAGRs) through 2029
  • Estimates of the size and revenue prospects of the global market, along with a market share analysis by category, protective relay type, circuit breaker type, voltage type, application, industry, and region
  • Assessment of market restraints, current trends, demographic shifts, technological advances, and regulatory aspects that shape and influence the market
  • A look at the devices controlling Industry 4.0, including the industrial network infrastructure, end users, and application of these systems across industry verticals
  • A discussion on ESG challenges and ESG practices in the industry
  • Assessment of the vendor landscape, including the market shares, product portfolios and financial overviews of leading companies
  • Information on recent mergers and acquisitions, plant expansions, collaborations, investments, product launches, and other strategic developments in the market
  • Profiles of the leading market vendors, including ABB, Mitsubishi Electric Corp., Eaton, Schneider Electric and Siemens

Report Scope

This report provides an overview of the global protective relays and circuit breakers market and analyzes market trends. It provides the global revenue (in $ millions) for segments and regions, considering 2023 as the base year, with estimated market data for 2024 through 2029. The market is arranged based on category, types of protective relays, circuit breakers, voltages, industries, applications, and regions. Geographical segments covered are North America (the U.S., Canada, Mexico), Europe (U.K., Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East and Africa). The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $16.9 Billion
Market size forecast $26.8 Billion
Growth rate CAGR of 9.2% from 2024 to 2029
Units considered $ Millions
Segments covered By Category, Protective Relay Type, Circuit Breaker Type, Voltage Type, Industry, Application, and Region
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (South America, Middle East and Africa)
Countries covered The U.S., Canada, Mexico, Germany, U.K., France, Italy, Japan, China, India, and South Korea
Key Market Drivers
  • Growing demand from evolving power grids industry.
  • Increasing demand from the global power substation construction.
  • Modernization of transmission and distribution (T&D) networks.
  • Growing worldwide focus on renewable energy integration.
  • Railway safety concerns boosting demand for protective relay and circuit breakers.
Companies studied
FUJI ELECTRIC CO. LTD.ABB
ANALOG DEVICES INC.CG POWER & INDUSTRIAL SOLUTIONS LTD.
EATONFANOX
LITTELFUSE INC.NOJA POWER SWITCHGEAR PTY LTD.
MITSUBISHI ELECTRIC CORP.POWELL INDUSTRIES
ROCKWELL AUTOMATIONSALZER ELECTRONICS LTD.
SCHNEIDER ELECTRICSCHWEITZER ENGINEERING LABORATORIES INC.
SIEMENSTE CONNECTIVITY
TOSHIBA CORP.ZIV
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Frequently Asked Questions (FAQs)

The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023 and will reach $26.8 billion by 2029, growing at a CAGR of 9.2% from 2024 to 2029.
The key factors driving the global protective relays and circuit breakers market growth include evolving power grids, increasing focus on railway safety, increasing power substation construction, modernization of transmission and distribution networks, and growing focus towards renewable energy.
By the end of 2029, the utilities and industrial/commercial segment will continue to dominate global protective relays and circuit breakers owing to the increased adoption of these protective devices for grid modernization and renewable energy integration.
The Asia-Pacific region is the leading revenue generator for the global protective relays and circuit breakers market. In 2023, it accounted for $7.3 billion in revenue, representing about 43.3% of the global total. Asia-Pacific and North America are key markets, with significant growth potential driven by major industry players deriving substantial revenue from these regions, substantial government investments to expand electricity generation, increasing urbanization especially across Mainland China and India and rising focus towards renewable energy integration among others.
The key companies/players in the market include ABB, Mitsubishi Electric Corporation, Eaton, Schneider Electric, and Siemens, among others.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Protective Relays and Circuit Breakers: Global Markets192Free
Chapter- 1: Executive Summary6Free
Chapter- 2: Market Overview14Free
Chapter- 3: Market Dynamics10Free
Chapter- 4: Emerging Trends and Technologies12Free
Chapter- 5: Market Segmentation Analysis68Free
Chapter- 6: Competitive Intelligence4Free
Chapter- 7: Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective5Free
Chapter- 8: Appendix73Free
Published - Jul-2020| Analyst - Sinha G. Gaurav| Code - IAS157A

Report Highlights

The global market for protective relays and circuit breakers is expected to grow from $18.7 billion in 2020 to $28.0 billion by 2025 with a compound annual growth rate (CAGR) of 8.4% for the period of 2020-2025.

Report Includes

  • 132 tables
  • An overview of the global market for protective relays and circuit breakers within the industry
  • Analyses of the regional and country level market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) for a five-year forecast through 2025
  • Assessment of growth inhibiting factors, current trends, demographic shifts, technological advancements, and regulatory aspects that shape and influence the commercial marketplace
  • Discussion of viable technology drivers through a comprehensive look at Industry 4.0 controlling devices – essentially, protective relays and circuit breakers – within the industrial network infrastructure, end users, and application of these systems across numerous industry verticals
  • Patent landscape covering major innovations and recent patent allotments/grants
  • Profile description of leading market participants operating within the region, including Basler Electric, Fanox Electronics, Schneider Electric, TE Connectivity, Mitsubishi Electric Corp., and ABB Ltd.

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Protective Relays and Circuit Breakers: Global Markets
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