Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Voltage (Low, Medium, High), By End-User (Utilities, Industrial, Railways, Others), By Technology (Electromechanical & Static Relay, Digital & Numerical Relay), By Application (Transmission line, Busbar, Transformer, Feeder, Generator, Motor, Others) And Competitive Landscape
Product Code: ETC390812 | Publication Date: Aug 2022 | Updated Date: Aug 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Protective Relay Marketย |
Forecast period | 2024-2030 |
CAGR | 7% |
Growing Sector | Power Utilities |
The Africa Protective Relay Market report diversely covers the market by Voltage, Applications, End Users and Countries. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Protective Relay Market is projected to witness significant growth in the forecast period. The rising industrialization and expanding power grid connectivity are driving growth in the market.
According to 6Wresearch, the Africa Protective Relay Market is expected to grow at a CAGR of 7% during the forecast period. The growth in the market is fueled by factors such as rapid industrialization, growing power utility projects, and rising demand from various sectors. The rising number of industries in Africa, along with the growing need for reliable and efficient power transmission, is creating a significant demand for protective relays. The rising demand for electricity in Africa has led to the expansion of the power utilities sector. This sector is one of the major end-users of protective relays, driving their demand in the market. Moreover, governments across Africa are investing heavily in upgrading their existing power infrastructure and building new power plants to meet the rising energy demands.
Despite the growth in the market, the Africa Protective Relay Market is facing certain challenges that can hinder its growth in the forecast period. The primary challenge is the high initial cost associated with protective relays. This can be a deterrent for small and medium-sized enterprises, hindering their adoption of protective relays. Additionally, lack of skilled professionals to handle these advanced technologies in some African countries can also pose a challenge for market growth.
The leading players in the market include Siemens, ABB, Schneider Electric, and GE among others. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Siemens holds the largest share in the market.
The government regulations and policies in the Africa region are also expected to have a significant impact on the protective relay market. Various initiatives are being launched to boost their infrastructure development plans, which will drive the demand for protective relays in these markets.ย The African Union has set a goal to achieve universal access to electricity by 2030. This initiative is expected to create immense opportunities for the growth of the Africa Protective Relay Market as it will drive the demand for power infrastructure development in the region. Additionally, governments in countries such as South Africa and Nigeria are focusing on increasing their renewable energy capacity, which will further fuel the demand for protective relays.
The Africa Protective Relay Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years.ย The market is expected to witness rapid growth due to increasing investments in power infrastructure and rising demand for energy from various sectors. Moreover, as the region continues to focus on sustainable development and reducing carbon emissions, there will be a growing demand for protective relays that can help in achieving these goals.The advancements in protective relay technology and improved efficiency are also expected to boost market growth.
According to Dhaval, Research Manager, 6Wresearch, The Medium Voltage Protective Relay segment holds the dominant share in the market due to wide application in various industries such as oil and gas, manufacturing, and mining.
The Transmission Line Protection application segment holds the dominant share in the market due to increasing investments in transmission infrastructure and the need to ensure reliable power supply.
The Power Utilities segment holds the dominant share in the market due to the high demand for protective relays in this sector.
South Africa holds the dominant share in the market due to strong industrial sector and favourable government policies promoting energy development.
The market study offers an exhaustive analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Protective Relay Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Protective Relay Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Protective Relay Market - Industry Life Cycle |
3.4 Africa Protective Relay Market - Porter's Five Forces |
3.5 Africa Protective Relay Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Protective Relay Market Revenues & Volume Share, By Voltage, 2020 & 2030F |
3.7 Africa Protective Relay Market Revenues & Volume Share, By End-User, 2020 & 2030F |
3.8 Africa Protective Relay Market Revenues & Volume Share, By Technology, 2020 & 2030F |
3.9 Africa Protective Relay Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Africa Protective Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Protective Relay Market Trends |
6 Africa Protective Relay Market, 2020-2030 |
6.1 Africa Protective Relay Market, Revenues & Volume, By Voltage, 2020-2030 |
6.2 Africa Protective Relay Market, Revenues & Volume, By End-User, 2020-2030 |
6.3 Africa Protective Relay Market, Revenues & Volume, By Technology, 2020-2030 |
6.4 Africa Protective Relay Market, Revenues & Volume, By Application, 2020-2030 |
7 South Africa Protective Relay Market, 2020-2030 |
7.1 South Africa Protective Relay Market, Revenues & Volume, By Voltage, 2020-2030 |
7.2 South Africa Protective Relay Market, Revenues & Volume, By End-User, 2020-2030 |
7.3 South Africa Protective Relay Market, Revenues & Volume, By Technology, 2020-2030 |
7.4 South Africa Protective Relay Market, Revenues & Volume, By Application, 2020-2030 |
8 Nigeria Protective Relay Market, 2020-2030 |
8.1 Nigeria Protective Relay Market, Revenues & Volume, By Voltage, 2020-2030 |
8.2 Nigeria Protective Relay Market, Revenues & Volume, By End-User, 2020-2030 |
8.3 Nigeria Protective Relay Market, Revenues & Volume, By Technology, 2020-2030 |
8.4 Nigeria Protective Relay Market, Revenues & Volume, By Application, 2020-2030 |
9 Kenya Protective Relay Market, 2020-2030 |
9.1 Kenya Protective Relay Market, Revenues & Volume, By Voltage, 2020-2030 |
9.2 Kenya Protective Relay Market, Revenues & Volume, By End-User, 2020-2030 |
9.3 Kenya Protective Relay Market, Revenues & Volume, By Technology, 2020-2030 |
9.4 Kenya Protective Relay Market, Revenues & Volume, By Application, 2020-2030 |
10 Rest of Africa Protective Relay Market, 2020-2030 |
10.1 Rest of Africa Protective Relay Market, Revenues & Volume, By Voltage, 2020-2030 |
10.2 Rest of Africa Protective Relay Market, Revenues & Volume, By End-User, 2020-2030 |
10.3 Rest of Africa Protective Relay Market, Revenues & Volume, By Technology, 2020-2030 |
10.4 Rest of Africa Protective Relay Market, Revenues & Volume, By Application, 2020-2030 |
11 Africa Protective Relay Market Key Performance Indicators |
12 Africa Protective Relay Market - Opportunity Assessment |
12.1 Africa Protective Relay Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Protective Relay Market Opportunity Assessment, By Voltage, 2020 & 2030F |
12.3 Africa Protective Relay Market Opportunity Assessment, By End-User, 2020 & 2030F |
12.4 Africa Protective Relay Market Opportunity Assessment, By Technology, 2020 & 2030F |
12.5 Africa Protective Relay Market Opportunity Assessment, By Application, 2020 & 2030F |
13 Africa Protective Relay Market - Competitive Landscape |
13.1 Africa Protective Relay Market Revenue Share, By Companies, 2023 |
13.2 Africa Protective Relay Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |