The global protection relay market is projected to reach $2.7 billion by 2025 at a projected market size of $2 billion in 2020 with a CAGR of 5% over the forecast period. The protection relay market will witness significant growth by adding renewable capacity, substation automation, and replacing older electromechanical relays with new and advanced microprocessor-based relays.
A full report of Protective Relay Market is available at: https://www.orionmarketreports.com/protective-relay-market/20511/
Protective Relay Market –Segmentation
By Voltage:
• Low
• Medium
• High
By End-User:
• Utilities
• Industrial
• Railways
• Others (airports, hospitals, commercial complexes and data centers)
By Technology:
• Electromechanical & Static Relay
• Digital & Numerical Relay
By Application:
• Transmission line
• Busbar
• Transformer
• Feeder
• Generator
• Motor
• Others (Capacitor banks & filterbanks Protection, Breaker Protection, & Interconnection Protection)
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