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(IndustryNews247.Com, November 22, 2017 ) A device that senses the quantity of current flowing in the supply lines before entering the power system of the equipment or motor can prevent the motor from damage. A relay is one such electromechanical device that is actuated by electrical current. In a relay, the current flowing in one circuit causes the opening and closing of another circuit. Due to the simplicity, long life, and proven reliability, relays find extensive use in many applications, including digital computers, automation systems, and telephone exchanges.
Publisher's analysts forecast the global protective relay market to grow at a CAGR of 10.45% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global protective relay market for 2016-2020. To calculate the market size, the report takes into account the revenue generated from the sales of the protective relays during the historical period.
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The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Key vendors - ABB - Alstom - GE - SEL - Siemens
Other prominent vendors - Littelfuse - Mitsubishi Electric - NR Electric - Honeywell International - Itron - Rockwell Automation - S&C Electric
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Market driver - Modernization of substations - Rise in automation - Growth in urbanization
Market challenge - Competition from local vendors - Minimal product differentiation - Stringent regulatory standards regarding testing of relays
Market trend - Emerging market for solid-state devices - Rise in the implementation of HVDC lines - Demand from BRICS countries
Fundamentals of Table of Content:
PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Global construction market PART 06: Market drivers PART 07: Market trends PART 08: Global AEC market PART 09: Market segmentation by product PART 10: Geographical segmentation PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Five forces model PART 14: Key vendor analysis PART 15: Key vendor profiles
Browse complete report @ http://www.reportsweb.com/global-protective-relay-market-2016-2020
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Source: EmailWire.Com
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