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Protective relay market - PowerPoint PPT Presentation

Increasing Adoption of Smart Protective Relay is a Major Trend in the Protective Relay Market

Increasing Adoption of Smart Protective Relay is a Major Trend in the Protective Relay Market

The Protective relay market is expected to register a CAGR of around 6% during the forecast period. Ongoing Substation Automation projects are expected to induce growth in the Protective Relay market. The growing need of Electric Power in developed as well as developing nations will result in an imminent growth in the Protective relay market. Segments The Protective Relay Market can be categorized on the basis of Voltage as: High, Medium and Low. On the basis of Protection Mechanism, it can be categorized as: Feeder, Transmission Line, Motor, Transformer, Generator, and Busbar. On the basis of End User, it can be segmented as: Marine, Renewable, Utilities. On the basis of regions, it can be segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Sample Request @ https://www.marketresearchfuture.com/sample_request/918

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Protective Relay Market to Grow at a CAGR of 6.5% from 2016 to 2021

Protective Relay Market to Grow at a CAGR of 6.5% from 2016 to 2021

The protective relay market is projected to grow from an estimated USD 3.31 Billion in 2016 to USD 4.54 Billion by 2021, registering a CAGR of 6.5% from 2016 to 2021. The growth of the protective relay market is driven by transmission & distribution activities across the globe. Ongoing smart grid and substation automation projects are also expected to propel market growth.

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