Voltage Monitoring Relays Market: Global Industry Analysis and Forecast (2021-2027) Share, Size

Voltage Monitoring Relays Market size was valued at US$ 3.40 Bn. in 2020 and the total revenue is expected to grow at 5.52 % through 2021 to 2027, reaching nearly US$ 4.95 Bn.

Voltage Monitoring Relays Market Overview:

Voltage monitoring relays are relay devices that are designed to trip a circuit breaker when a circuit problem is detected. Voltage monitoring relays are protective relays that must operate if the phase sequence is reversed or if one or more phases of a three-phase supply are lost. Only major evidence of the source and location of a defect is provided by electromechanical relays. A single microprocessor relay may usually perform the same functions as two or more electromechanical devices. Because of the wide variety of load types and requirements, energy users have issues and considerations about how they utilise energy. Voltage Monitoring Relays Market To know about the Research Methodology:- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Voltage Monitoring Relays Market Dynamics:

Voltage monitoring relays are becoming more popular as demand for reliable and safer voltage monitoring devices for power systems grows. Also, the market's growth is expected to be fueled by the ease with which voltage monitoring relays may be installed during the forecast period. Modernization of power networks and rising need for remote monitoring in the power sector are propelling the voltage monitoring relays market forward at a breakneck pace. The introduction of Internet of Things (IoT)-based voltage monitoring relays has thrown the global voltage monitoring relays market into disarray. Vendors have been urged to employ loT-based voltage monitoring relays due to the need to collect real-time and historical data. Relays enable real-time circuit monitoring and keep human machine interfaces (HMIs) alert in the event of a circuit fault, improving the use of voltage monitoring relays during the diagnosis period. Voltage monitoring relays based on the Internet of Things also help with circuit and linked device maintenance. The combination of real-time and historical data aids in the pattern detection of circuit defects. Increasing adoption of voltage monitoring relays in sectors such as automotive, oil & gas, chemical, electricity, and water & wastewater treatment facilities is likely to propel the market forward over the forecast period. Additionally, as spending on electrical power distribution rises, spending on voltage monitoring equipment such as relays rises as well. Voltage monitoring is subject to strict government regulations for safety concerns. Major businesses are increasing their efforts in new product development and innovation, which is expected to boost their efficiency against other companies in the market. However, as compared with other types of relays, the cost of some monitoring relays, such as rail safety relays, is uneconomical. In the coming decades, this is estimated to restrain the market growth of these relays to a certain point.

Voltage Monitoring Relays Market Segment Analysis:

Based on the Phase, the global Voltage Monitoring Relays market is sub-segmented into Single Phase and Three Phase. The Single Phase segment held the largest market share of xx% in 2020. The existence of a single-phase, 115 V or 208V, is detected by single-phase AC voltage monitoring relays. Because only one relay is required for each line to be monitored, single-phase systems are less complicated than three-phase systems. A single-phase application necessitates a four-wire system, while an industrial transformer monitoring system necessitates a six-wire system. These devices are typically used to manage heavy machinery in factories and power lines that carry electricity over vast distances without interruption from power plants to towns. They can also defend against abrupt surges in electric current, which, if not recognised early enough, can cause excessive temperature rise or burnout in equipment like motors, generators, and transformers. Also, the three phase segment held the 2nd largest markets share of xx% in 2020. Three-phase voltage is commonly employed in industrial settings. Three-phase AC power is made up of two phases with 180-degree out-of-phase currents and a third phase with the same peak current but flowing in the opposite direction of one or both of the others. For single-phase service, a typical power distribution system will employ 208Y/120 volts, while for three-phase service, 230Y/133 volts is an example. On large motors, 480Y/277 volt (or 400V) is sometimes seen, while 380 Y is sometimes seen between some commercial buildings connected by high-capacity transmission lines like those supplied by TransCanada's Niagara Power Project. Based on the End-User, the global Voltage Monitoring Relays market is sub-segmented into Utilities, Industrial, Railways and Others. The Industrial segment held the largest market share of xx% in 2020. AC voltage monitoring relays are used in the industrial sector to detect fault current and voltage sags. An AC voltage monitoring relay, for example, is normally monitored by a controller. The operator can take corrective action or use proper tools to evaluate what went wrong in the case of a failure. It also prevents overcurrent damage to devices connected downstream of the AC voltage monitoring relay. This includes ensuring power continuity even after a failure to prevent further harm. Voltage Monitoring Relays Market 1

Voltage Monitoring Relays Market Regional Insights:

North America held the largest market share of xx% in 2020. The commercial spaces have increases significantly in the U.S. During the forecast period, the growth of North American manufacturing and the increase of commercial space may promote the market growth of the surveillance relay market. The power generation industry is gaining a foothold in Latin America. Countries such as Brazil, Mexico, and Argentina are working to develop a strong grid infrastructure. Therefore, the surveillance relay market in Latin America is expected to grow at a healthy rate. Europe held the 2nd largest market share of xx% in 2020. The increased use of voltage monitoring relays in many industries has resulted in a significant increase in the growth of the worldwide voltage monitoring relays market in Europe. As growing nations such as China and India quickly urbanize and industrialize, Asia Pacific is likely to be a significant market for voltage monitoring relays in the near future. The objective of the report is to present a comprehensive analysis of the global Voltage Monitoring Relays Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Voltage Monitoring Relays Market dynamic, structure by analyzing the market segments and project the global Voltage Monitoring Relays Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Voltage Monitoring Relays Market make the report investor’s guide.

Voltage Monitoring Relays Market Scope: Inquire before buying

Voltage Monitoring Relays Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 3.40 Bn.
Forecast Period 2021 to 2027 CAGR: 5.52 % Market Size in 2027: US $ 4.95 Bn.
Segments Covered: by Phase • Single Phase • Three Phase
by Application • Transmission line • Busbar • Transformer • Feeder • Generator • Motor • Others
by End-User • Utilities • Industrial • Railways • Others

Voltage Monitoring Relays Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Voltage Monitoring Relays Market Key Players

• ABB • Siemens • Eaton • PHOENIX CONTACT • OMRON Corporation • Schneider Electric • Littelfuse, Inc • Schrack Technik Group • Rockwell Automation, Inc. • Wabtec Corporation (Mors Smitt) • Pilz GmbH & Co. KG • Novatek Electro • Carlo Gavazzi Automation • ETI Elektroelement d.o.o • Bender India Private Limited • E. Dold & Söhne KG • ELKO EP • OEM Automatic Ltd

Frequently Asked Questions:

1] What segments are covered in Global Voltage Monitoring Relays Market report? Ans. The segments covered in global Voltage Monitoring Relays Market report are based on Phase, Application and End-User. 2] Which region is expected to hold the highest share in the global Voltage Monitoring Relays Market? Ans. North America is expected to hold the highest share in the global Voltage Monitoring Relays Market. 3] What is the market size of global Voltage Monitoring Relays Market by 2027? Ans. The market size of global Voltage Monitoring Relays Market is expected to reach US $ 4.95 Bn. by 2027. 4] Who are the top key players in the global Voltage Monitoring Relays Market? Ans. ABB, Siemens, Eaton, PHOENIX CONTACT, OMRON Corporation and Schneider Electric are the top key players in the global Voltage Monitoring Relays Market. 5] What was the market size of global Voltage Monitoring Relays Market in 2020? Ans. The market size of global Voltage Monitoring Relays Market in 2020 was US $ 3.40 Bn.
1. Global Voltage Monitoring Relays Market: Research Methodology 2. Global Voltage Monitoring Relays Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Voltage Monitoring Relays Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Voltage Monitoring Relays Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Voltage Monitoring Relays Market Segmentation 4.1 Global Voltage Monitoring Relays Market, by Phase (2020-2027) • Single Phase • Three Phase 4.2 Global Voltage Monitoring Relays Market, by Application (2020-2027) • Transmission line • Busbar • Transformer • Feeder • Generator • Motor • Others 4.3 Global Voltage Monitoring Relays Market, by End-User (2020-2027) • Utilities • Industrial • Railways • Others 5. North America Voltage Monitoring Relays Market(2020-2027) 5.1 Global Voltage Monitoring Relays Market, by Phase (2020-2027) • Single Phase • Three Phase 5.2 Global Voltage Monitoring Relays Market, by Application (2020-2027) • Transmission line • Busbar • Transformer • Feeder • Generator • Motor • Others 5.3 Global Voltage Monitoring Relays Market, by End-User (2020-2027) • Utilities • Industrial • Railways • Others 5.4 North America Voltage Monitoring Relays Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Voltage Monitoring Relays Market (2020-2027) 6.1. Asia Pacific Voltage Monitoring Relays Market, by Phase (2020-2027) 6.2. Asia Pacific Voltage Monitoring Relays Market, by Application (2020-2027) 6.3. Asia Pacific Voltage Monitoring Relays Market, by End-User (2020-2027) 6.4. Asia Pacific Voltage Monitoring Relays Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Voltage Monitoring Relays Market (2020-2027) 7.1 Middle East and Africa Voltage Monitoring Relays Market, by Phase (2020-2027) 7.2. Middle East and Africa Voltage Monitoring Relays Market, by Application (2020-2027) 7.3. Middle East and Africa Voltage Monitoring Relays Market, by End-User (2020-2027) 7.4. Middle East and Africa Voltage Monitoring Relays Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Voltage Monitoring Relays Market (2020-2027) 8.1. Latin America Voltage Monitoring Relays Market, by Phase (2020-2027) 8.2. Latin America Voltage Monitoring Relays Market, by Application (2020-2027) 8.3. Latin America Voltage Monitoring Relays Market, by End-User (2020-2027) 8.4 Latin America Voltage Monitoring Relays Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Voltage Monitoring Relays Market (2020-2027) 9.1. European Voltage Monitoring Relays Market, by Phase (2020-2027) 9.2. European Voltage Monitoring Relays Market, by Application (2020-2027) 9.3. European Voltage Monitoring Relays Market, by End-User (2020-2027) 9.4. European Voltage Monitoring Relays Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. ABB 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Siemens 10.3. Eaton 10.4. PHOENIX CONTACT 10.5. OMRON Corporation 10.6. Schneider Electric 10.7. Littelfuse, Inc 10.8. Schrack Technik Group 10.9. Rockwell Automation, Inc. 10.10. Wabtec Corporation (Mors Smitt) 10.11. Pilz GmbH & Co. KG 10.12. Novatek Electro 10.13. Carlo Gavazzi Automation 10.14. ETI Elektroelement d.o.o 10.15. Bender India Private Limited 10.16. E. Dold & Söhne KG 10.17. ELKO EP 10.18. OEM Automatic Ltd

About This Report

Report ID 77903
Category Information Technology & Telecommunication
Published Date October 2020
Updated Date Jan 2022
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