Global Motor Protection Relays Market 2017-2021

Overview of the global motor protection relays market

According to Technavio’s market research analysis, the rising investments in T&D infrastructure will be one of the major factors that will have a positive impact on the growth of the global motor protection relays market during the forecast period. There is a rapid rise in investments towards the development of T&D infrastructure such as substations and T&D lines owing to the rising urbanization in developing nations. This growing investment will subsequently drive the need for motor protective relays, fueling market growth. Countries in the APAC, North America, and Europe will offer significant growth opportunities to the players in this market. Our market research analysts predict that this global market will grow at a CAGR of close to 5% by 2021.

In terms of geographic regions, APAC will be the key contributor to the motor protection relays market throughout the forecast period. The rising demand for electricity and the developments in transmission and distribution networks, will be the major factors driving the growth of this motor relay market in this region.

Competitive landscape and key vendors

The motor protection relay market consists of different vendors. The major vendors try to manufacture new motor protection relays while the regional vendors focus on offering price-effective motor protection relays. The continuously changing design of electric motors that impacts the design specifications and price of the relays makes it difficult for the new entrants to improve their market positions.

The leading vendors in the market are –

• ABB
• General Electric
• Siemens
• Rockwell Automation
• Schneider Electric

The other prominent vendors in the market are Alstom, Itron, Littelfuse, Mitsubishi Electric, NR Electric, S&C Electric, and SEL.

Segmentation by product type and analysis of the motor protection relays market

• Manual reset motor protection relays
• Automatic reset motor protection relays

A manual reset motor protection relay has a reset switch in the feedback circuit and there is a reset switch to start the device. There are a limited number of key applications for manual reset motor protection relays are they are generally deployed in conditioning compressor motors, conveyor motors, cranes/hoists motors, and lift motors.

Segmentation by end-user and analysis of the motor protection relays market

• Power industry
• Automotive industry
• Metals and minerals industry
• Water and wastewater treatment industry

According to this market research report, the power industry will be the major end-user to the motor protection relay market until 2021. The growth of the renewable and non-renewable power energy sectros due to the increase in industrial development and the growing urban population in the developing countries such as India, Indonesia, China, and Thailand, will drive the growth of this motor relay market in this industry.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global motor protection relays market?
• What are the key market trends impacting the growth of the global motor protection relays market?
• What are the challenges to market growth?
• Who are the key vendors in the global motor protection relays market?
• What are the market opportunities and threats faced by the vendors in the global motor protection relays market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global motor protection relays market?

Technavio also offers customization on reports based on specific client requirement.