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Protective Relay Market Size to Grow $2 7 Billion by 2025

Protective Relay Market Size to Grow $2.7 Billion by 2025 iCrowd Newswire 09 Jun 2021, 20:08 GMT+10 The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and advanced microprocessor-based relays. The transformer segment is expected to be the largest segment of the Protective Relay Market The transformer segment is expected to grow at the highest rate during the forecast period due to the continuous maintenance of electricity distribution infrastructure and the expansion and upgrading of the power grid and to accommodate fluctuating renewable energy in Asia Pacific, North America, and Europe.

Substation Automation Market with COVID-19 impact analysis by Offering, Type, Installation Type, End-use Industry, Component, Communication and Region

The "Substation Automation Market with COVID-19 impact analysis by Offering (Hardware, Software, Services), Type (Transmission, Distribution), Installation Type, End-use Industry, Component, Communication, and Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

Power SCADA Market worth $2 5 Billion by 2026

Power SCADA Market worth $2.5 Billion by 2026 iCrowd Newswire According to the new market research report by Architecture (Hardware, Software, Services), Component (Remote Terminal Unit, Programmable Logic Controller, Human Machine Interface, Communication System Protection relays), End User and Region- Global Forecast to 2026″, published by MarketsandMarkets™, the Power SCADA Market size will grow to USD 2.5 billion by 2026 (forecast year) from USD 1.7 billion in 2021 (estimated year), at a CAGR of 7.6% during the forecast period. Need for monitoring and controlling data from remote location, is one of the key factors driving the growth of the Power SCADA Market. Increasing use of big data analytics and 5G technology in industrial environment to offer lucrative opportunities for the Power SCADA Market during the forecast period.

Electric Power Distribution Automation Systems (DAS) Market to hit USD 49 53 billion by 2025 - Insights on Key Trends, COVID-19 Impact, Value Chain Analysis, Strategic Initiatives, and Future Prospect: Adroit Market Research

Electric Power Distribution Automation Systems (DAS) Market to hit USD 49 53 billion by 2025 - Insights on Key Trends, COVID-19 Impact, Value Chain Analysis, Strategic Initiatives, and Future Prospect: Adroit Market Research
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