Global Teleprotection Market 2017-2021

This market research study identifies ABB, Siemens, Schneider Electric, and GE as the leading players in the global teleprotection market. A comprehensive analysis of this market is also presented by product (teleprotection unit and teleprotection software) and by geography (the Americas, APAC, and EMEA).

Overview of the global teleprotection market

According to Technavio’s market research report, the global teleprotection market will grow at a CAGR of more than 19% during the forecast period. The growing need for uninterrupted power supply in developing countries will drive the growth prospects for the market until the end of 2021. The irregular unbalanced distribution of electricity causes fluctuations in voltage levels resulting in power outage and system damage. An uninterrupted power supply or accurate distribution of electricity should be maintained to ensure the effective working of systems. This can be done by balancing and controlling the electricity flow by using teleprotection equipment. Teleprotection equipment stabilizes the flow by identifying and isolating the faults in medium, low, and high-voltage grids. Various end user industries such as power, telecom, aerospace and defense, and oil and gas highly rely on teleprotection equipment to obtain a stable and even flow of electricity. This will boost the adoption of teleprotection equipment at these end user industries, which will subsequently propel the growth of the teleprotection market.

The increasing demand for teleprotection equipment from the aerospace and defense industry will be one of the key trends responsible for the growth of the teleprotection market. This sector focuses on monitoring and managing aerospace activities, which requires an uninterrupted supply of balanced power. The rising need to monitor the borders and control rooms will further increase the demand for the regulated supply of power and will in turn, will boost the adoption of teleprotection systems in the aerospace and defense industry.

Competitive landscape and key vendors

The teleprotection market is characterized by the presence of a large number of vendors. These vendors increasingly cater to the needs of various end-user industries such as telecommunication, power, IT, and aerospace and defense to overcome fluctuations in power supply. Vendors are also developing teleprotection systems with better efficiency by modifying the existing teleprotection systems. With the increasing number of new players, the level of competition among the players in this market space will intensify in the coming years.

Key vendors in this market are -

• ABB
• Siemens
• Schneider Electric
• GE

Other prominent vendors in the market include Alcatel-Lucent, Alstom, AltaLink, Cisco, and Valiant Communications.

Segmentation by product and analysis of the teleprotection market

• Teleprotection unit
• Teleprotection software

The teleprotection unit includes several products such as optical interface equipment, directional electrical interface equipment, data terminal equipment, and multiservice access equipment. During 2016, this segment dominated the teleprotection market due to the growing need to prevent power system damage in different end user industries. The rising need to provide high safety and advanced measures to avoid power failure will drive the adoption of teleprotection units during the forecast period.

Segmentation by geography and analysis of the teleprotection market

• Americas
• APAC
• EMEA

The Americas is witnessing a high demand for teleprotection systems from various end-user industries such as power and telecommunication sectors. The efficiency of T&D in the power sector is reduced due to the aging of grid infrastructure and the need to deliver power over long distances. This will encourage manufacturers to increase investments towards the improvement of T&D infrastructure by using teleprotection systems, driving market growth. Additionally, the emergence of 4G technology in the telecommunication sector that will fuel the demand for high-voltage power supply, will also propel the growth of the teleprotection market.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global teleprotection market?
• What are the key market trends impacting the growth of the global teleprotection market?
• What are the challenges to market growth?
• Who are the key vendors in the global teleprotection market?
• What are the market opportunities and threats faced by the vendors in the global teleprotection market?
• What are the 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 teleprotection market?