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Report
Protective Relay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 139 Pages I IMARC Group
Market Overview:
The global protective relay market size reached US$ 3.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028. The rising demand for electricity across the globe, the widespread product adoption across the power utility sector, and rising popularity of renewable energy sources, aging infrastructure of the electrical grid represent some of the key factors driving the market.
The Growing Power Generation Capacity in The Developing Region is Augmenting the Market Growth
Emerging economies, such as China and India have numerous construction initiatives underway or in the pipeline, with a concomitant requirement for a reliable electricity supply. The increasing population in these regions is impelling the need for greater electrical capacity, with the installation of protective relays in power systems expected to be a vital factor in meeting this demand. Consequently, the escalating demand for energy is resulting in an increase in power generation capability, thereby fueling the demand for protective relays.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is moderately fragmented with a large number of global and regional players operating in the industry due to increasing innovations and low product differentiation. The volume of new entrants is low in the protective relay industry due to high capital requirements, and moderate government regulations.
What is Protective Relay?
A protective relay is an essential component in electrical power systems, which serves to detect and isolate faults or abnormal conditions in order to ensure its stability and safety. It is produced to maintain a check on the power system's parameters, including voltage, current, frequency, and power, and to take the proper preventive measures when a fault or other abnormal condition is noticed. It functions primarily as a sensor device that recognizes abnormal power system conditions and transmits signals to protective devices, including circuit breakers or fuses, to isolate the problematic area of the system. It continuously monitors the power system's electrical parameters, compares them to specified setpoints, and initiates protective measures when the monitored values exceed the setpoints. Additionally, it is employed to safeguard power system components, such as transformers, generators, transmission lines, and distribution systems from harm brought on by flaws or abnormal circumstances. The protective relays are positioned strategically throughout the power system, including at the feeder circuits, busbars, primary and secondary windings of transformers, and generator terminals.
COVID-19 Impact:
A short-term decrease in the overall production of protective relay devices was caused by the lockdown that was implemented across several nations and in accordance with government directions. Players were forced to reduce capacity or temporarily halt output due to the implementation of new risk-reduction processes after the implementation of social isolation and lockout measures. Numerous players suffered losses during this epidemic as a result of the restrictions on the transfer of products, restrictions on the movement of vehicles, and labor shortages. In addition, the widespread concern over coronavirus has incurred delays in technical innovation and research and development. However, as soon as the number of cases began to decline, there has been a significant rise in manufacturing activities. Moreover, leading players considerably improved their technologies as soon as business activities were resumed in order to produce goods with more safety, speed, and efficiency.
Protective Relay Market Trends:
The escalating demand for power supply majorly drives the global market. This can be supported by the growing product utilization in power utilities and other end-users in order to ensure the safe and reliable operation of electrical systems. With the rising popularity of renewable energy sources, such as wind, solar, and hydropower, the demand for protective relays has rapidly increased as these power sources require sophisticated control systems to ensure stable and reliable grid operation, further impacting the market. Along with this, the aging infrastructure of the electrical grid is influencing the demand for protective relays to detect faults and isolate the faulty sections of the grid, which is impacting the market favorably. In addition, the growing awareness of electrical safety, especially in industrial and commercial settings, such as the protection of their equipment and personnel from electrical hazards, is significantly supporting the market. Apart from this, governments across the globe are implementing regulations and standards requiring the use of protective relays in power transmission and distribution systems, which is positively influencing the demand. Furthermore, the integration of advanced sensors, communication networks, and data analytics to detect faults quickly and accurately and respond in real-time is creating a positive market outlook. Some of the other factors driving the market include continual technological advancements and the rapid expansion of smart grid infrastructure.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global protective relay market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on voltage, type, application and end-use.
Voltage Insights:
High
Medium
Low
The report has provided a detailed breakup and analysis of the protective relay market based on the voltage. This includes high, medium, and low. According to the report, medium voltage represented the largest segment due to the increasing demand for reliable and secure power transmission and distribution systems. Additionally, there is a growing need for advanced protection and control solutions that can prevent equipment damage, minimize downtime, and ensure an uninterrupted power supply. Additionally, the growing adoption of renewable energy sources such as solar and wind power is driving the need for innovative medium voltage protective relay systems that can integrate with these energy sources seamlessly.
Type Insights:
Electromagnetic Relays
Solid-State Relays
Microprocessor Relays
Others
A detailed breakup and analysis of the protective relay market based on the type has also been provided in the report. This includes electromagnetic relays, solid-state relays, microprocessor relays, and others. According to the report, solid-state relays accounted for the largest market share due to their superior performance compared to traditional electromechanical relays, as they have faster response times, higher accuracy, and are more reliable. Additionally, they are more compact and require less maintenance than their electromechanical counterparts, further impacting their demand. Moreover, the increasing focus on energy efficiency and the need for more precise control in industrial processes is rising demand for solid-state relays.
Application Insights:
Feeder Protection
Transformer Protection
Motors Protection
Generators Protection
Busbar Protection
Others
The report has provided a detailed breakup and analysis of the protective relay market based on the application. This includes feeder protection, transformer protection, motors protection, generators protection, busbar protection, and others. According to the report, feeder protection represented the largest segment due to the growing demand for reliable and uninterrupted power supply, especially in critical infrastructure, such as hospitals, data centers, and industrial plants. As a result, utilities and industrial customers are investing in advanced feeder protection systems to prevent power outages and reduce downtime. Additionally, the increasing adoption of renewable energy sources, such as wind and solar, is resulting in a more complex and dynamic power grid, driving the need for advanced protection systems. Moreover, the stringent regulatory requirements and safety standards are also driving the demand for feeder protection applications, as they ensure compliance and mitigate the risk of accidents or equipment damage.
End-Use Insights:
Power Generation and Distribution
Industrial Equipments and Systems
Railways
Others
A detailed breakup and analysis of the protective relay market based on the end-use has also been provided in the report. This includes power generation and distribution, industrial equipments and systems, railways, and others. According to the report, power generation and distribution accounted for the largest market share due to the rising demand for reliable and efficient power supply, particularly in developing countries where the need for electrification is high. Additionally, the increasing emphasis on smart grid technology and the integration of digital systems in power distribution networks are also driving the demand for protective relays with advanced features, such as communication capabilities and remote monitoring.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (United States, Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific was the largest market for the protective relay. Some of the factors driving Asia-Pacific protective relay market included rapid urbanization, favorable government regulations and technological advancements, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global protective relay market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered are ABB Ltd., Basler Electric Company, Bender GmbH & Co. KG, Eaton Corporation, Fanox Electronics, General Electric, Littelfuse Inc., Mitsubishi Electric Corporation, NR Electric Co. Ltd. (NARI Technology Development Limited Co.), Schneider Electric, Schweitzer Engineering Laboratories Inc., Siemens Aktiengesellschaft, Toshiba Corporation, Woodward Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global protective relay market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global protective relay market?
What is the impact of each driver, restraint, and opportunity on the global protective relay market?
What are the key regional markets?
Which countries represent the most attractive protective relay market?
What is the breakup of the market based on the voltage?
Which is the most attractive voltage in the protective relay market?
What is the breakup of the market based on the type?
Which is the most attractive type in the protective relay market?
What is the breakup of the market based on the application?
Which is the most attractive application in the protective relay market?
What is the breakup of the market based on the end-use?
Which is the most attractive end-use in the protective relay market?
What is the competitive structure of the global protective relay market?
Who are the key players/companies in the global protective relay market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Protective Relay Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Voltage
6.1High
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Medium
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Low
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Type
7.1Electromagnetic Relays
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Solid-State Relays
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Microprocessor Relays
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1Feeder Protection
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Transformer Protection
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Motors Protection
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Generators Protection
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Busbar Protection
8.5.1 Market Trends
8.5.2 Market Forecast
8.6Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by End-Use
9.1Power Generation and Distribution
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Industrial Equipments and Systems
9.2.1 Market Trends
9.2.2 Market Forecast
9.3Railways
9.3.1 Market Trends
9.3.2 Market Forecast
9.4Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Competition
13.5Threat of New Entrants
13.6Threat of Substitutes
14 Price Indicators
15 Competitive Landscape
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
15.3.1ABB Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2Basler Electric Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3Bender GmbH & Co. KG
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4Eaton Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5Fanox Electronics
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6General Electric
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7Littelfuse Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.8Mitsubishi Electric Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9NR Electric Co. Ltd. (NARI Technology Development Limited Co.)
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10Schneider Electric
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11Schweitzer Engineering Laboratories Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 SWOT Analysis
15.3.12Siemens Aktiengesellschaft
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13Toshiba Corporation
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14Woodward Inc.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.14.4 SWOT Analysis
Figure 1: Global: Protective Relay Market: Major Drivers and Challenges
Figure 2: Global: Protective Relay Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Protective Relay Market: Breakup by Voltage (in %), 2022
Figure 4: Global: Protective Relay Market: Breakup by Type (in %), 2022
Figure 5: Global: Protective Relay Market: Breakup by Application (in %), 2022
Figure 6: Global: Protective Relay Market: Breakup by End-Use (in %), 2022
Figure 7: Global: Protective Relay Market: Breakup by Region (in %), 2022
Figure 8: Global: Protective Relay Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Protective Relay (High) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Protective Relay (High) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Protective Relay (Medium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Protective Relay (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Protective Relay (Low) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Protective Relay (Low) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Protective Relay (Electromagnetic Relays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Protective Relay (Electromagnetic Relays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Protective Relay (Solid-State Relays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Protective Relay (Solid-State Relays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Protective Relay (Microprocessor Relays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Protective Relay (Microprocessor Relays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Protective Relay (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Protective Relay (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Protective Relay (Feeder Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Protective Relay (Feeder Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Protective Relay (Transformer Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Protective Relay (Transformer Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Protective Relay (Motors Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Protective Relay (Motors Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Protective Relay (Generators Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Protective Relay (Generators Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Protective Relay (Busbar Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Protective Relay (Busbar Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Protective Relay (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Protective Relay (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Protective Relay (Power Generation and Distribution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Protective Relay (Power Generation and Distribution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Protective Relay (Industrial Equipments and Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Protective Relay (Industrial Equipments and Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Protective Relay (Railways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Protective Relay (Railways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Protective Relay (Other End-Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Protective Relay (Other End-Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia Pacific: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia Pacific: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Protective Relay Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Protective Relay Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Global: Protective Relay Industry: SWOT Analysis
Figure 92: Global: Protective Relay Industry: Value Chain Analysis
Figure 93: Global: Protective Relay Industry: Porters Five Forces Analysis
Table 1: Global: Protective Relay Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Protective Relay Market Forecast: Breakup by Voltage (in Million US$), 2023-2028
Table 3: Global: Protective Relay Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Protective Relay Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Protective Relay Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
Table 6: Global: Protective Relay Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Protective Relay Market: Competitive Structure
Table 8: Global: Protective Relay Market: Key Players
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security