Chances of failure in the power transmission lines are more as compared to other factors due to their attributes such as length which is excessive to operate in open environment . This the reason lines and cables assembly needs dedicated protection that is promptly provided by protection relays .
" ABB , Siemens , Schneider and GE held significant market share in 2015 "
The protective relay industry is consolidated and highly competitive with few key market players consuming over 60 % of the total revenue share . Important players such as Siemens & Schneider along with GE-Alstom dominate the market , making it difficult for new players to enter the market . Innovation , new product development and product diversification are the strategies that are being implemented by the key players to remain competitive in the industry .
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