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

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

US Protective Relay Market - Export Market OpportunitiesTopics Covered in the United States (US) Protective Relay Market

The United States (US) Protective Relay Market report thoroughly covers the market by voltage, end-user, 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.

United States (US) Protective Relay Market Synopsis

United States (US) Protective Relay Market is estimated to register sound growth in the coming years with the growing adoption of renewable energy sources, where protective relays help to integrate energy sources into the power grids and ensure uninterrupted operations. Additionally, power and utility companies spend on upgrading their old & existing power infrastructure, this augments the advanced protective relay demand that offers high reliability and safety.

According to 6Wresearch, the United States (US) Protective Relay Market size is estimated to augment during the forecast period 2023-2029. The growth is driven considerably due to the increasing power consumption across the country with the growing industrial establishment and population growth. The increasing weather disasters such as hurricanes and storms, have increased the need for reliable and resilient protective relays to ensure massive safety and uninterrupted power supply. Moreover, the government is encouraging sectors by providing incentives for grid modernization and integration of renewable energy sources into the power grid systems, which stimulates the power companies to invest in an advanced range of protective relays. The rising energy efficiency needs to reduce power consumption costs, which drives the protective relay demand that optimizes power usage. This is one of the factors estimated to augment the United States (US) Protective Relay Market growth.

COVID-19 Influence on the United States (US) Protective Relay Market

The pandemic had an adverse impact on the United States protective relay market which is a part of the North America Protective Relay Market. COVID-19 had led to the shutdown of construction activities coupled with trade restrictions led to insufficient raw material supply, as a result, a delay in product manufacturing. All these measures caused a major dropdown in the market shares.

Key Players in the United States (US) Protective Relay Market

United States (US) Protective Relay Market is highly competitive as numerous well-known players operate and offer the best of their abilities. Some of them are mentioned below:

• ABB Ltd
• Siemens AG
• General Electric
• SEL (Schweitzer Engineering Laboratories, Inc)
• Eaton Corporation
• Basler Electric Company
• Mitsubishi Electric Corporation
• G&W Electric Company

Market Analysis by End User

According to Nitesh Kumar, Research Manager, 6Wresearch, utility, and industrial segments are currently gaining momentum in the market as the rising establishment of industries and rising power demand leads to more power transmission & distribution infrastructure. This resulted in an increased protective relay installation.

Market Analysis by Technology

Based on technology, Digital & Numerical Relay is dominating the United States (US) Protective Relay Market share owing to high adoption due to their various advantages such as faster response, accurate fault detection, and ensure reliable operation over traditional Electromechanical & Static Relay.

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

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

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

United States (US) Protective Relay Market:FAQs