Global MV Protection Relay Industry

Global MV Protection Relay Industry

  • April 2021 •
  • 371 pages •
  • Report ID: 6032286 •
  • Format: PDF
Abstract:
- Global MV Protection Relay Market to Reach $1.3 Billion by 2027
- Amid the COVID-19 crisis, the global market for MV Protection Relay estimated at US$917.5 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at aCAGR of 5.1% over the period 2020-2027. Digital & Numerical Relay, one of the segments analyzed in the report, is projected to record 5.5% CAGR and reach US$820.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electromechanical & Static Relay segment is readjusted to a revised 4.5% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $247.4 Million, While China is Forecast to Grow at 8.3% CAGR
- The MV Protection Relay market in the U.S. is estimated at US$247.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$278.6 Million by the year 2027 trailing a CAGR of 8.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

- Select Competitors (Total 38 Featured) -
  • ABB Group
  • Eaton
  • General Electric
  • Larsen & Toubro Limited
  • Mitsubishi Electric
  • Powell Industries
  • Rockwell
  • Schneider Electric
  • Schweitzer
  • Siemens AG
  • Solcon
  • Terasaki
  • Toshiba Corporation
  • Woodward