Egypt Protective Relay Market Outlook (2023-2029) | Trends, Size, Share, Revenue, Value, Analysis, COVID-19 IMPACT, Companies, Forecast, Growth & Industry

Egypt Protective Relay Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Rep. of Korea. It has registered a decline of -15.68% over the previous year. While Rep. of Korea registered a growth of 42.99% as compared to the previous year. In the year 2017, China was the largest exporter followed by Rep. of Korea. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Egypt has a Herfindahl index of 2501 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  1765 which signifies moderately concentrated in the market.

Egypt Protective Relay Market - Export Market OpportunitiesTopics Covered in the Egypt Protective Relay Market

Egypt Protective Relay Market report thoroughly covers the market by voltage, end users, technology, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Egypt Protective Relay Market Synopsis

Egypt Protective Relay Market is estimated to gain momentum in the coming years owing to an increase in population growth and industrial expansion leading to increased energy consumption, which drives the protective relay demand. The government is focusing on expanding electricity access, estimated to generate a high product demand in the country. Moreover, rising power grid modernization by making power transmission more reliable and efficient requires advanced protective relays to ensure a safe function in the power systems.

According to 6Wresearch, the Egypt Protective Relay Market size is estimated to register a sound growth during the forecast period 2023-2029. The market is driven by the rising adoption of advanced protective relays among various end sectors including, manufacturing, oil & gas, and mining. With the rising awareness about their benefits such as reducing downtime & equipment damage and maintaining the standard of power. Additionally, an increase in the development of smart power grids which require smart protective relays for high electrical equipment protection. However, the shortage of skilled laborers and high cost at an initial time are some challenges that can hamper the market growth. Nevertheless, population growth leading to increasing residential building development requires protective relays to ensure massive safety is estimated to leave a positive impact on the Egypt Protective Relay Market growth.

COVID-19 Influence on the Egypt Protective Relay Market

COVID-19 had significantly influenced the Egypt protective relay market which is a part of the Middle East protective relay market. The closure of all industries and delays in construction projects decreased the protective relay demand. In addition to this, interruption in the product supply had resulted in a decrease in the availability of the product which further resulted in a decline in the market shares and revenues at a massive rate.

Key players in the Egypt Protective Relay Market

Some prominent key players are operating in the market and continuously thriving the market growth with their efforts by upgrading protective relay technology. Some of them are mentioned below in the list:

• Schneider Electric SE
• ABB Ltd
• Siemens AG
• General Electric Company (GE)
• Mitsubishi Electric Corporation
• SEL (Schweitzer Engineering Laboratories
• C&S Electric Limited
• EMEK Electrical Industry Co.

The above-mentioned key players are operating in the market tremendously with their continuous innovation in the products to cater to diverse customers' needs.

The Future of the Egypt Protective Relay Market

Egypt Protective Relay Market future is positive owing to various growth proliferating factors such as rising renewable energy demand, widening industrial setups, and increasing construction of commercial buildings. Moreover, companies are investing in the upgradation of protective relays to offer benefits during operations such as reducing equipment damage and saving from massive electrical faults. The government has implemented several safety regulations for the power sector, which has mandated the protective relay installation to make sure the massive safety of the power systems. These are some ongoing trends estimated to boost the growth of the Egypt protective relay industry.

Market Analysis by End Use

According to Dhaval, Research Manager, 6Wresearch, industrial and utility sectors are currently experiencing growth of the market on the back of the rising industries expansion leading to an increased energy usage, which further leads to boost the protective relays demand.

Market Analysis by Technology

Based on the technology, the transmission line segment is currently driving a high demand for protective relays influenced by various factors such as expanding industry establishment and increasing focus on using renewable energy. Nevertheless, other segments are also generating product demand and contributing to market growth.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Egypt Protective Relay Market Outlook
• Market Size of Egypt Protective Relay Market, 2022
• Forecast of Egypt Protective Relay Market, 2029
• Historical Data and Forecast of Egypt Protective Relay Revenues & Volume for the Period 2019 - 2029
• Egypt Protective Relay Market Trend Evolution
• Egypt Protective Relay Market Drivers and Challenges
• Egypt Protective Relay Price Trends
• Egypt Protective Relay Porter's Five Forces
• Egypt Protective Relay Industry Life Cycle
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Voltage for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Low for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Medium for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By High for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Utilities for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Industrial for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Railways for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Technology for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Electromechanical & Static Relay for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Digital & Numerical Relay for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Application for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Transmission line for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Busbar for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Transformer for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Feeder for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Generator for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Motor for the Period 2019 - 2029
• Historical Data and Forecast of Egypt Protective Relay Market Revenues & Volume By Others for the Period 2019 - 2029
• Egypt Protective Relay Import Export Trade Statistics
• Market Opportunity Assessment By Voltage
• Market Opportunity Assessment By End-User
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Application
• Egypt Protective Relay Top Companies Market Share
• Egypt Protective Relay Competitive Benchmarking By Technical and Operational Parameters
• Egypt Protective Relay Company Profiles
• Egypt Protective Relay Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

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

Egypt Protective Relay Market: FAQs