Protective Relay Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 179 SKU: IRTNTR76640

Protective Relay Market 2024-2028

The protective relay market size is estimated to grow at a CAGR of 5.07% between 2023 and 2028. The market size is forecast to increase by USD 690.09 million. The growth of the market depends on several factors, such as the increasing demand for power, the growing focus on grid modernization, and the increase in number of residential and commercial building projects.

This report extensively covers market segmentation by type (digital and numeric relay, electromechanical and static relay), application (feeder, transmission line, generator, motor, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the Size of the Protective Relay Market During the Forecast Period?

Protective Relay Market Forecast 2024-2028

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Protective Relay Market Dynamics

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver - Growing focus on grid modernization

The increase in grid modernization globally stands as a prominent factor fuelling the global protective relay market. The progressing transformation of power grids, fuelled by the need to adapt to a changing energy landscape, plays a crucial role in propelling the demand for protective relay devices.  In addition, as electrical grids evolve to incorporate renewable energy sources, they become more complex, with power generation distributed across various geographical locations.

As a result, this shift necessitates advanced protective relay systems capable of managing and safeguarding the grid against the challenges posed by intermittent renewable sources, like wind and solar power. Furthermore, protective relays are crucial in detecting and responding to abnormal grid conditions, helping to ensure grid stability and reliability amid these changes. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Trends - New product development related to protective relays

New product developments associated with protective relays are one of the emerging trends in the global protective relay market. In addition, these new products improve grid efficiency, reliability, and sustainability while accommodating the integration of renewable energy sources and the demands of modern, interconnected power systems. For example, in August 2023, a new generation of line monitoring relays was introduced by Siemens.

Moreover, relays make it simple to keep an eye on the quality and stability of the grid in accordance with standards, ensuring proper system operation and a long component life. In addition, in critical areas that need a high-quality, fail-safe power supply, like hospitals or the process industry, grid monitoring relays are used. Furthermore, cranes, elevators, air and air-conditioning compressors, as well as the timber industry, are additional applications. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Challenge - Cybersecurity concerns related to digital protective relays

There is an increasing integration of Industrial protective relays with digital systems, enabling data exchange and remote monitoring. However,  protecting sensitive data from unauthorized access and breaches is a paramount concern. Furthermore, the ability to remotely access and control industrial relays for maintenance and monitoring purposes can create vulnerabilities if not properly secured.

Moreover, unauthorized access to these systems can lead to disruptions and safety risks. In addition, industrial relays are often part of IoT ecosystems which are frequent targets for cyberattacks. Furthermore, industrial systems, including those using protective relays, are susceptible to ransomware and malware attacks such that cybercriminals can encrypt data or disrupt operations, leading to financial losses and downtime. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

Protective Relay Market Segmentation by Type, Application, and Geography Analysis

Type Segment Analysis: 

The digital and numeric relays segment is estimated to witness significant growth during the forecast period. Digital and numeric relay segments represent a significant advancement in protective relay technology, providing a more precise, versatile, and adaptable solution for safeguarding electrical systems. In addition, these relays depend on microprocessors and advanced digital signal processing to provide highly accurate protection, control, and monitoring of power systems.

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The digital and numeric relays segment was the largest segment and was valued at USD 1,434.63 million in 2018. Moreover, the main advantage of digital and numeric relays is their versatility. In addition, they can be easily programmed to perform a wide range of protection functions, making them suitable for complex and critical applications within modern power grids. Furthermore, these relays offer features such as overcurrent protection, distance protection, differential protection, and frequency protection. In addition, this segment can provide real-time measurement and analysis of electrical parameters, enabling rapid response to abnormal conditions and fault detection. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Application Segment Analysis: 

Based on application, the segment is classified into feeder, transmission line, generator, motor, and others. The feeder segment is a crucial application within the protective relay domain, which emphasizes on ensuring the safe and reliable distribution of electrical power to consumers.  In addition, the main functionality of this segment is to detect and mitigate faults or abnormalities within the distribution feeders. These faults comprise short circuits, overcurrent conditions, ground faults, and other disturbances that may disrupt the power supply. Furthermore, feeder protection relays are designed to operate quickly and selectively, isolating the faulty section while maintaining power flow in other parts of the network. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Regional Analysis

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APAC is estimated to contribute 50% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The APAC region comprises numerous countries, such as India, China, Japan, Indonesia, and Australia, with varying levels of industrialization and energy needs. In addition, the market has emerged as a global economic powerhouse, and with its rapid urbanization and industrial growth, the demand for electrical power has increased significantly. Therefore, factors such as the surge in energy requirements, increasing government focus on grid modernization, and increasing adoption of renewable energy are fuelling the growth of the market in the region. Furthermore, the region is home to some of the world's most populous and rapidly growing countries, such as India, China, and Indonesia. Hence, such factors drive the market growth during the forecast period.

COVID Recovery Analysis:

In 2020, during the COVID-19 pandemic, the growth of the global protective relay market witnessed a significant slowdown due to the closure of industrial and manufacturing units as well as a halt in the production of protective relays in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in manufacturing units. Such factors are expected to drive the market during the forecast period.

Who are the Major Protective Relay Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers protective relay such as numerical relays that are based on the use of microprocessors.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

ALSTOM SA, Chongqing Blue Jay Technology Co. Ltd., Contrel elettronica S.r.l., Eaton Corp. Plc, ERLPhase Power Technologies Ltd., ETA Elektrotechnische Apparate GmbH, Fanox Electronic SL, General Electric Co., HNAC Technology Co. Ltd., ISKRA elektro in sistemske resitve d.o.o, Larsen and Toubro Ltd., Littelfuse Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Solcon IGEL Group, TERASAKI ELECTRIC CO. LTD., and ZIV Automation.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The protective relay market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook (USD Million, 2018 to 2028)
    • Digital and numeric relay
    • Electromechanical and static relay
  • Application Outlook (USD Million, 2018 to 2028)
    • Feeder
    • Transmission line
    • Generator
    • Motor
    • Others
  • Geography Outlook (USD Million, 2018 to 2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Protective Relay Market Scope

Report Coverage

Details

Page number

179

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.07%

Market Growth 2024-2028

USD 690.09 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.6

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC, North America, Europe, Middle East and Africa, and South America

Key countries

APAC at 50%

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., ALSTOM SA, Chongqing Blue Jay Technology Co. Ltd., Contrel elettronica S.r.l., Eaton Corp. Plc, ERLPhase Power Technologies Ltd., ETA Elektrotechnische Apparate GmbH, Fanox Electronic SL, General Electric Co., HNAC Technology Co. Ltd., ISKRA elektro in sistemske resitve d.o.o, Larsen and Toubro Ltd., Littelfuse Inc., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Solcon IGEL Group, TERASAKI ELECTRIC CO. LTD., and ZIV Automation

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Protective Relay Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the  protective relay market between 2024 and 2028
  • Precise estimation of the protective relay market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of protective relay market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global protective relay market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global protective relay market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Digital and numeric relay - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Digital and numeric relay - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Digital and numeric relay - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Digital and numeric relay - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Digital and numeric relay - Year-over-year growth 2023-2028 (%)
    • 6.4 Electromechanical and static relay - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Electromechanical and static relay - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Electromechanical and static relay - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Electromechanical and static relay - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Electromechanical and static relay - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 44: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 46: Chart on Comparison by Application
      • Exhibit 47: Data Table on Comparison by Application
    • 7.3 Feeder - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Feeder - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Feeder - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Feeder - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Feeder - Year-over-year growth 2023-2028 (%)
    • 7.4 Transmission line - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Transmission line - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Transmission line - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Transmission line - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Transmission line - Year-over-year growth 2023-2028 (%)
    • 7.5 Generator - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Generator - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Generator - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Generator - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Generator - Year-over-year growth 2023-2028 (%)
    • 7.6 Motor - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Motor - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Motor - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Motor - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Motor - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Application
      • Exhibit 68: Market opportunity by Application ($ million)
      • Exhibit 69: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key offerings
              • Exhibit 126: ABB Ltd. - Segment focus
            • 12.4 ALSTOM SA
              • Exhibit 127: ALSTOM SA - Overview
              • Exhibit 128: ALSTOM SA - Business segments
              • Exhibit 129: ALSTOM SA - Key offerings
              • Exhibit 130: ALSTOM SA - Segment focus
            • 12.5 Chongqing Blue Jay Technology Co. Ltd.
              • Exhibit 131: Chongqing Blue Jay Technology Co. Ltd. - Overview
              • Exhibit 132: Chongqing Blue Jay Technology Co. Ltd. - Product / Service
              • Exhibit 133: Chongqing Blue Jay Technology Co. Ltd. - Key offerings
            • 12.6 Contrel elettronica S.r.l.
              • Exhibit 134: Contrel elettronica S.r.l. - Overview
              • Exhibit 135: Contrel elettronica S.r.l. - Product / Service
              • Exhibit 136: Contrel elettronica S.r.l. - Key offerings
            • 12.7 Eaton Corp. Plc
              • Exhibit 137: Eaton Corp. Plc - Overview
              • Exhibit 138: Eaton Corp. Plc - Business segments
              • Exhibit 139: Eaton Corp. Plc - Key news
              • Exhibit 140: Eaton Corp. Plc - Key offerings
              • Exhibit 141: Eaton Corp. Plc - Segment focus
            • 12.8 Fanox Electronic SL
              • Exhibit 142: Fanox Electronic SL - Overview
              • Exhibit 143: Fanox Electronic SL - Product / Service
              • Exhibit 144: Fanox Electronic SL - Key offerings
            • 12.9 General Electric Co.
              • Exhibit 145: General Electric Co. - Overview
              • Exhibit 146: General Electric Co. - Business segments
              • Exhibit 147: General Electric Co. - Key news
              • Exhibit 148: General Electric Co. - Key offerings
              • Exhibit 149: General Electric Co. - Segment focus
            • 12.10 HNAC Technology Co. Ltd.
              • Exhibit 150: HNAC Technology Co. Ltd. - Overview
              • Exhibit 151: HNAC Technology Co. Ltd. - Product / Service
              • Exhibit 152: HNAC Technology Co. Ltd. - Key offerings
            • 12.11 Larsen and Toubro Ltd.
              • Exhibit 153: Larsen and Toubro Ltd. - Overview
              • Exhibit 154: Larsen and Toubro Ltd. - Business segments
              • Exhibit 155: Larsen and Toubro Ltd. - Key news
              • Exhibit 156: Larsen and Toubro Ltd. - Key offerings
              • Exhibit 157: Larsen and Toubro Ltd. - Segment focus
            • 12.12 Littelfuse Inc.
              • Exhibit 158: Littelfuse Inc. - Overview
              • Exhibit 159: Littelfuse Inc. - Business segments
              • Exhibit 160: Littelfuse Inc. - Key offerings
              • Exhibit 161: Littelfuse Inc. - Segment focus
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 162: Mitsubishi Electric Corp. - Overview
              • Exhibit 163: Mitsubishi Electric Corp. - Business segments
              • Exhibit 164: Mitsubishi Electric Corp. - Key news
              • Exhibit 165: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 166: Mitsubishi Electric Corp. - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 167: Rockwell Automation Inc. - Overview
              • Exhibit 168: Rockwell Automation Inc. - Business segments
              • Exhibit 169: Rockwell Automation Inc. - Key news
              • Exhibit 170: Rockwell Automation Inc. - Key offerings
              • Exhibit 171: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 172: Schneider Electric SE - Overview
              • Exhibit 173: Schneider Electric SE - Business segments
              • Exhibit 174: Schneider Electric SE - Key news
              • Exhibit 175: Schneider Electric SE - Key offerings
              • Exhibit 176: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 177: Siemens AG - Overview
              • Exhibit 178: Siemens AG - Business segments
              • Exhibit 179: Siemens AG - Key news
              • Exhibit 180: Siemens AG - Key offerings
              • Exhibit 181: Siemens AG - Segment focus
            • 12.17 Solcon IGEL Group
              • Exhibit 182: Solcon IGEL Group - Overview
              • Exhibit 183: Solcon IGEL Group - Product / Service
              • Exhibit 184: Solcon IGEL Group - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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