Schneider Electric (France) and ABB (Switzerland) are the Leading Players in the Protective Relay Market
The global protective relay market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The factors driving the market include increasing renewable energy capacity addition. Additionally, the replacement of old electromechanical and static relays with new numeric relays are creating growth opportunities for the protective relay market.
Both global and regional players dominate the global protective relay market. The leading players in the global protective relay market include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US).
The major strategies adopted by the players include contracts & agreements, investments & expansions, mergers & acquisitions, partnerships & collaborations, and new product launches. Contracts & agreements were the most commonly adopted strategy from January 2016 to December 2019.
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Schneider Electric is one of the global leaders supplying low voltage, medium voltage power networks, and industrial automation products and services. The company offers products and services for four end-user markets namely residential & non-residential buildings; utilities & infrastructure; Industries & machine manufacturers; and data centers & networks. The company conducts its business through two operating segments; Energy Management and Industrial automation. Energy management is further sub segmented in to Low voltage, medium voltage, and Secure Power. The company offers protective relays through its medium voltage energy management segment. Under this segment the company offers medium voltage electrical distribution products, solutions & services; electrical grid automation & protection solutions; and integrated management software. Schneider Electric has an operational presence in over 100 countries globally. The company has 200 manufacturing plants and 98 distribution centers around the world. Major competitors of Schneider Electric in the Medium-voltage segment are ABB, Siemens, Eaton, and GE.
ABB is a power and automation technology company. It offers a wide range of products, systems, solutions, and services to a diverse range of industries such as oil & gas, power generation, and transport & infrastructure globally. The company operates through 4 divisions, namely, Electrification Products, Motion, Industrial Automation, and Robotics & Discrete automation. It provides MV protection relays under the electrification products business segment. The electrification products business segment provides a complete range of low and medium voltage product and solution for modular substation, distribution automation products, circuit breakers, reclosers, fuses, contactors, relays, instrument transformers, sensors, motor control centers, ring main units for primary and secondary distribution, as well as a range of air- and gas-insulated switchgear. The company has a presence in over 100 countries, across three regions Europe; the Americas; and Asia, Middle East and Africa (AMEA). It has approximately 320 consolidated operating and holding subsidiaries worldwide. Major competitors of the electrification products business segment are Eaton, Schneider, and Siemens.
Related Reports:
Protective Relay Market by Voltage (High, Medium, Low), End-User (Utilities, Industrial, Railways, Others), Application (Feeder, Transmission Line, Motor, Transformer, Generator, Breaker, Capacitor Bank, Busbar), Type, and Region - Global Forecast to 2025
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