(MENAFN- GlobeNewsWire - Nasdaq) Global Protective Relays and Circuit Breakers Market Set to Surge to USD 26.8 Billion by 2029, Propelled by Advancements in Electrical Safety Technologies

Dublin, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The "Protective Relays and Circuit Breakers Market" report has been added to ResearchAndMarkets.com's offering.
The Protective Relays and Circuit Breakers Market was valued at USD 17.2 billion in 2024, and is projected to reach USD 26.8 billion by 2029, rising at a CAGR of 9.20%. Driven by expanding electrical infrastructure and stringent safety regulations, the market is growing due to increased demand for advanced protection technologies. Innovations in digital and smart relays and circuit breakers enhance system performance and monitoring capabilities.

Protective relays and circuit breakers are used across various voltage levels and applications to ensure the safety and efficiency of electrical systems.

• Low-voltage (LV) applications are common in residential and commercial settings. In these environments, miniature circuit breakers (MCBs) protect against overloads, short circuits and electrical faults, while low-voltage relays manage and control electrical loads.
• Medium-voltage (MV) applications are crucial for industrial facilities and utility substations. MV circuit breakers and protective relays in these systems safeguard transformers, feeders and motors from faults and ensure reliable power distribution.
• High-voltage (HV) applications are found in power generation plants and transmission networks. HV circuit breakers and protective relays in these settings protect large-scale electrical equipment, manage power flow and prevent damage from electrical disturbances.

Report Scope
This report provides an overview of the global protective relays and circuit breakers market and analyzes market trends. It provides the global revenue (in $ millions) for segments and regions, considering 2023 as the base year, with estimated market data for 2024 through 2029. The market is arranged based on category, types of protective relays, circuit breakers, voltages, industries, applications, and regions. The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.
The report includes:

• 80 data tables and 58 additional tables
• An overview of the global market for protective relays and circuit breakers within the industry
• Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025 and 2026, and projections of compound annual growth rates (CAGRs) through 2029
• Estimates of the size and revenue prospects of the global market, along with a market share analysis by category, protective relay type, circuit breaker type, voltage type, application, industry, and region
• Assessment of market restraints, current trends, demographic shifts, technological advances, and regulatory aspects that shape and influence the market
• A look at the devices controlling Industry 4.0, including the industrial network infrastructure, end users, and application of these systems across industry verticals
• A discussion on ESG challenges and ESG practices in the industry
• Assessment of the vendor landscape, including the market shares, product portfolios and financial overviews of leading companies
• Information on recent mergers and acquisitions, plant expansions, collaborations, investments, product launches, and other strategic developments in the market
• Profiles of the leading market vendors, including ABB, Mitsubishi Electric Corp., Eaton, Schneider Electric and Siemens

Key Attributes:

Report Attribute	Details
No. of Pages	192
Forecast Period	2024 - 2029
Estimated Market Value (USD) in 2024	$17.2 Billion
Forecasted Market Value (USD) by 2029	$26.8 Billion
Compound Annual Growth Rate	9.2%
Regions Covered	Global

Key Topics Covered:
Chapter 1 Executive Summary

Chapter 2 Market Overview

• Current Market Scenario and Future Expectations
• Macro-Economic Factors Analysis
• Impact of Trade and Political Disputes
• Currency Conversion Risks and Exchange Rate Fluctuations
• Rising Inflation and Commodity Prices
• Porter's Five Forces Analysis
• Value Chain Analysis
• Regulatory Landscape

Chapter 3 Market Dynamics

• Market Drivers
  • Growing Demand from Evolving Power Grids Industry
  • Railway Safety Concerns Boosting Demand for Protective Relay and Circuit Breakers
  • Increasing Demand from Global Power Substation Construction
  • Modernization of Transmission and Distribution (T&D) Networks
  • Growing Worldwide Focus on Renewable Energy Integration
• Market Restraints
  • Stringent Environmental Regulations Related to SF6 Gas Are Restraining Market Growth
  • High-Cost of Advanced Electrical Protection Systems Hinders Their Adoption
  • Cyber Threats Specifically Targeting Protective Relays and Circuit Breakers
• Market Opportunities
  • Smart Grids and Maintenance Trends Enhance Electrical Protection Market
  • Growth of IoT-based Circuit Breakers
  • Integrating Blockchain Technology for Grid Security
  • Electrical Safety Standard Update

Chapter 4 Emerging Trends and Technologies

• Emerging Trends
• Shift to Sustainability in Protective Relays and Circuit Breakers
• Increasing Implementation of AFCI and GFCI Technology in Electrical Systems
• Emerging Technologies
• Intelligent and Digital Circuit Breakers
• Advanced Communication Protocols
• Digital Twin Integration
• Patent Analysis
• Geographical Patterns
• Key Findings

Chapter 5 Market Segmentation Analysis

• Market Breakdown for Protective Relays and Circuit Breakers by Category
  • Protective Relays
  • Circuit Breakers
• Market Breakdown by Protective Relay Type
  • Overcurrent Protection
  • Arc Flash Protection
  • Distance Protection
  • Line Differential Protection
  • Pilot Protection
  • Transformer Differential Protection
  • Voltage and Frequency Protection
  • Ground Fault/Earth Fault Protection
  • Buchholz Protection
• Market Breakdown by Circuit Breaker Type
  • Air Circuit Breakers (ACBs)
  • Miniature Circuit Breakers (MCBs)
  • Molded Case Circuit Breakers (MCCBs)
  • Vacuum Circuit Breakers
  • SF6 Circuit Breakers
• Market Breakdown for Protective Relays and Circuit Breakers by Application
  • Distribution Line Protection
  • Transmission Line Protection
  • Motor Protection
  • Generator Protection
  • Transformer Protection
  • Switchgear Protection
• Market Breakdown for Protective Relays and Circuit Breakers by Industry
  • Utilities
  • Industrial/Commercial
  • Residential
• Market Breakdown for Protective Relays and Circuit Breakers by Voltage Type
  • High Voltage
  • Medium Voltage
  • Low Voltage
• Market Breakdown for Protective Relays and Circuit Breakers by Region

Chapter 6 Competitive Intelligence

• Key Players Market Ranking
• Strategic Analysis

Chapter 7 Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective

• Key ESG Issues in the Protective Relays and Circuit Breakers Market
• Key Environmental Issues in Protective Relays and Circuit Breakers
• Social Responsibility in Protective Relays and Circuit Breakers
• Governance and Oversight in Protective Relays and Circuit Breakers
• ESG Performance Analysis
• Current Status of ESG in the Protective Relays and Circuit Breakers Market

Company Profiles

• ABB
• Analog Devices
• CG Power & Industrial Solutions
• Eaton
• Fanox
• Fuji Electric
• Littelfuse
• Mitsubishi Electric
• Noja Power Switchgear
• Powell Industries
• Rockwell Automation
• Salzer Electronics
• Schneider Electric
• Schweitzer Engineering Laboratories
• Siemens
• TE Connectivity
• Toshiba
• ZIV

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• Protective Relays and Circuit Breakers Market

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