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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