Protective Relay Market Size, Share, Emerging Trends,
Analysis and Forecasts 2012-2024
Protective Relay Market Driven By Increase in number of power and
infrastructure projects in the Asia-Pacific region along with increased
investments in the T and D network worldwide.
"Increasing significance of renewable energy to drive the industry growth"
In the year 2015, global protective relay market was valued at $4025.2 million and is expected to grow
at CAGR of more than 5% over the forecast period. Increase in number of power and infrastructure
projects in the Asia-Pacific region along with increased investments in the T and D network worldwide
is considered as the reason for the rise in the demand of protective relays.
"Asia Pacific expected to witness highest adoption over the forecast period"
Asia Pacific region accounted for highest market share and about 30% of the total revenue in the year
2015.
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