Report Highlights
The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.
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
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. Geographical segments covered are North America (the U.S., Canada, Mexico), Europe (U.K., Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East and Africa). The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||||
| Base year market size | $16.9 Billion | ||||||||||||||||||
| Market size forecast | $26.8 Billion | ||||||||||||||||||
| Growth rate | CAGR of 9.2% from 2024 to 2029 | ||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||
| Segments covered | By Category, Protective Relay Type, Circuit Breaker Type, Voltage Type, Industry, Application, and Region | ||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (South America, Middle East and Africa) | ||||||||||||||||||
| Countries covered | The U.S., Canada, Mexico, Germany, U.K., France, Italy, Japan, China, India, and South Korea | ||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for protective relays and circuit breakers is expected to grow from $18.7 billion in 2020 to $28.0 billion by 2025 with a compound annual growth rate (CAGR) of 8.4% for the period of 2020-2025.
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