Protective Relay Market Prospective Growth, and
Incremental Opportunity Assessment Till 2024
Global Protective Relay Market developed and published by Market Research Place provides a brief and detailed
knowledge about key players, market state and circumstances that are covered deeply in this report. The report will
offer significant assessments for the period between 2014 and 2024. The business chain supporting the Waterborne
Coatings market is analyzed in detail covering accurate information about aspects such as the industrial chain,
proficiency in utilization of the available capacity of manufacture, and industry strategies that affect the market .
"Increasing significance of renewable energy to drive the industry growth"
In the year 2015, global protective relay market was valued at $2590.1 million and is expected to grow at CAGR of more
than 5% over the forecast period. Increase in number of power and infrastructure projects in the Asia-Pacific region
along with increased investments in the T and D network worldwide is considered as the reason for the rise in the
demand of protective relays.
"Asia Pacific expected to witness highest adoption over the forecast period"
Asia Pacific region accounted for highest market share and about 30% of the total revenue in the year 2015. Extensive
investments in the modernization of infrastructure along with renewable sector are the major factors that are expected
to drive the demand of protective relays over the forecast period.
Due to the economic progress of the countries such as India and China the rate of mounting infrastructure is at all-time
high. This rise in infrastructure is expected to fuel the growth of protective relay market over the forecast period.
Summer Olympics that are scheduled in the Japanese land in the year 2020 is also a key factor in the rise of
infrastructure consequently driving the protective relay market.
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