保護継電器と遮断器の世界市場

Protective Relays and Circuit Breakers: Global Markets

保護継電器と遮断器の世界市場

商品番号 : SMB-69723

出版社BCC Research
出版年月2024年11月
ページ数192
価格タイプシングルユーザライセンス
価格USD 4,650
種別英文調査報告書

Report Highlights

The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.

保護継電器と遮断器の世界市場は、2023 年に 169 億ドルと評価されています。この市場は、2024 年から 2029 年までの年間平均成長率 (CAGR) 9.2% で、2024 年の 172 億ドルから 2029 年までに 268 億ドルに成長すると予想されています。

Summary:

Protective relays and circuit breakers are crucial for ensuring the safety and reliability of electrical systems. Protective relays monitor electrical circuits to detect and respond to faults, while circuit breakers automatically interrupt circuits to prevent damage from overloads or short circuits. Driven by expanding electrical infrastructure and stringent safety regulations, the market is growing due to increased demand for advanced protection technologies. Innovations in digital and smart relays and circuit breakers enhance system performance and monitoring capabilities.

Protective relays and circuit breakers are used across various voltage levels and applications to ensure the safety and efficiency of electrical systems.

– Low-voltage (LV) applications are common in residential and commercial settings. In these environments, miniature circuit breakers (MCBs) protect against overloads, short circuits and electrical faults, while low-voltage relays manage and control electrical loads.

– Medium-voltage (MV) applications are crucial for industrial facilities and utility substations. MV circuit breakers and protective relays in these systems safeguard transformers, feeders and motors from faults and ensure reliable power distribution.

– High-voltage (HV) applications are found in power generation plants and transmission networks. HV circuit breakers and protective relays in these settings protect large-scale electrical equipment, manage power flow and prevent damage from electrical disturbances.

Report Scope:

This report provides an overview of the global protective relays and circuit breakers market and analyzes market trends. It provides the global revenue (in $ millions) for segments and regions, considering 2023 as the base year, with estimated market data for 2024 through 2029. The market is arranged based on category, types of protective relays, circuit breakers, voltages, industries, applications, and regions. Geographical segments covered are North America (the U.S., Canada, Mexico), Europe (U.K., Germany, France, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Rest of Asia-Pacific), and the Rest of the World (South America, Middle East and Africa). The report also focuses on emerging technologies and vendor landscape. It concludes with profiles of the major players in the market.

Report Synopsis

Report MetricsDetails
Base year considered2023
Forecast period considered2024-2029
Base year market size$16.9 Billion
Market size forecast$26.8 Billion
Growth rateCAGR of 9.2% from 2024 to 2029
Units considered$ Millions
Segments coveredBy Category, Protective Relay Type, Circuit Breaker Type, Voltage Type, Industry, Application, and Region
Regions coveredNorth America, Europe, Asia-Pacific, and Rest of the World (South America, Middle East and Africa)
Countries coveredThe U.S., Canada, Mexico, Germany, U.K., France, Italy, Japan, China, India, and South Korea
Key Market Drivers
  • Growing demand from evolving power grids industry.
  • Increasing demand from the global power substation construction.
  • Modernization of transmission and distribution (T&D) networks.
  • Growing worldwide focus on renewable energy integration.
  • Railway safety concerns boosting demand for protective relay and circuit breakers.
Companies studied
FUJI ELECTRIC CO. LTD.ABB
ANALOG DEVICES INC.CG POWER & INDUSTRIAL SOLUTIONS LTD.
EATONFANOX
LITTELFUSE INC.NOJA POWER SWITCHGEAR PTY LTD.
MITSUBISHI ELECTRIC CORP.POWELL INDUSTRIES
ROCKWELL AUTOMATIONSALZER ELECTRONICS LTD.
SCHNEIDER ELECTRICSCHWEITZER ENGINEERING LABORATORIES INC.
SIEMENSTE CONNECTIVITY
TOSHIBA CORP.ZIV

Report Includes:

– 80 data tables and 58 additional tables

– An overview of the global market for protective relays and circuit breakers within the industry

– Analysis of the global market trends, with data from 2023, estimates for 2024, forecasts for 2025 and 2026, and projections of compound annual growth rates (CAGRs) through 2029

– Estimates of the size and revenue prospects of the global market, along with a market share analysis by category, protective relay type, circuit breaker type, voltage type, application, industry, and region

– Assessment of market restraints, current trends, demographic shifts, technological advances, and regulatory aspects that shape and influence the market

– A look at the devices controlling Industry 4.0, including the industrial network infrastructure, end users, and application of these systems across industry verticals

– A discussion on ESG challenges and ESG practices in the industry

– Assessment of the vendor landscape, including the market shares, product portfolios and financial overviews of leading companies

– Information on recent mergers and acquisitions, plant expansions, collaborations, investments, product launches, and other strategic developments in the market

– Profiles of the leading market vendors, including ABB, Mitsubishi Electric Corp., Eaton, Schneider Electric and Siemens

Table of Contents

Chapter 1 Executive Summary

Market Outlook

Scope of Report

Market Summary

Technological Advances and Applications

Market Dynamics and Growth Factors

Segmental Analysis

Regional Insights and Emerging Markets

Conclusion

Chapter 2 Market Overview

Current Market Scenario and Future Expectations

Macro-Economic Factors Analysis

Impact of Trade and Political Disputes

Currency Conversion Risks and Exchange Rate Fluctuations

Rising Inflation and Commodity Prices

Porter’s Five Forces Analysis

Value Chain Analysis

Regulatory Landscape

Chapter 3 Market Dynamics

Overview

Market Drivers

Growing Demand from Evolving Power Grids Industry

Railway Safety Concerns Boosting Demand for Protective Relay and Circuit Breakers

Increasing Demand from Global Power Substation Construction

Modernization of Transmission and Distribution (T&D) Networks

Growing Worldwide Focus on Renewable Energy Integration

Market Restraints

Stringent Environmental Regulations Related to SF6 Gas Are Restraining Market Growth

High-Cost of Advanced Electrical Protection Systems Hinders Their Adoption

Cyber Threats Specifically Targeting Protective Relays and Circuit Breakers

Market Opportunities

Smart Grids and Maintenance Trends Enhance Electrical Protection Market

Growth of IoT-based Circuit Breakers

Integrating Blockchain Technology for Grid Security

Electrical Safety Standard Update

Chapter 4 Emerging Trends and Technologies

Overview

Emerging Trends

Shift to Sustainability in Protective Relays and Circuit Breakers

Increasing Implementation of AFCI and GFCI Technology in Electrical Systems

Emerging Technologies

Intelligent and Digital Circuit Breakers

Advanced Communication Protocols

Digital Twin Integration

Patent Analysis

Geographical Patterns

Key Findings

Chapter 5 Market Segmentation Analysis

Segmentation Breakdown

Market Breakdown for Protective Relays and Circuit Breakers by Category

Protective Relays

Circuit Breakers

Market Breakdown by Protective Relay Type

Overcurrent Protection

Arc Flash Protection

Distance Protection

Line Differential Protection

Pilot Protection

Transformer Differential Protection

Voltage and Frequency Protection

Ground Fault/Earth Fault Protection

Buchholz Protection

Others

Market Breakdown by Circuit Breaker Type

Air Circuit Breakers (ACBs)

Miniature Circuit Breakers (MCBs)

Molded Case Circuit Breakers (MCCBs)

Vacuum Circuit Breakers

SF6 Circuit Breakers

Others

Market Breakdown for Protective Relays and Circuit Breakers by Application

Distribution Line Protection

Transmission Line Protection

Motor Protection

Generator Protection

Transformer Protection

Switchgear Protection

Others

Market Breakdown for Protective Relays and Circuit Breakers by Industry

Utilities

Industrial/Commercial

Residential

Market Breakdown for Protective Relays and Circuit Breakers by Voltage Type

High Voltage

Medium Voltage

Low Voltage

Geographic Breakdown

Market Breakdown for Protective Relays and Circuit Breakers by Region

North America

Europe

Asia-Pacific

Rest of the World

Chapter 6 Competitive Intelligence

Key Players Market Ranking

Strategic Analysis

Chapter 7 Sustainability in the Protective Relays and Circuit Breakers Industry: An ESG Perspective

Key ESG Issues in the Protective Relays and Circuit Breakers Market

Key Environmental Issues in Protective Relays and Circuit Breakers

Social Responsibility in Protective Relays and Circuit Breakers

Governance and Oversight in Protective Relays and Circuit Breakers

ESG Performance Analysis

Environmental Performance

Social Performance

Governance Performance

Current Status of ESG in the Protective Relays and Circuit Breakers Market

Concluding Remarks from BCC Research

Chapter 8 Appendix

Methodology

Abbreviations

References

Company Profiles

ABB

ANALOG DEVICES INC.

CG POWER & INDUSTRIAL SOLUTIONS LTD.

EATON

FANOX

FUJI ELECTRIC CO. LTD.

LITTELFUSE INC.

MITSUBISHI ELECTRIC CORP.

NOJA POWER SWITCHGEAR PTY LTD.

POWELL INDUSTRIES

ROCKWELL AUTOMATION

SALZER ELECTRONICS LTD.

SCHNEIDER ELECTRIC

SCHWEITZER ENGINEERING LABORATORIES INC.

SIEMENS

TE CONNECTIVITY

TOSHIBA CORP.

ZIV

List of Tables

Summary Table : Global Market for Protective Relays and Circuit Breakers, by Category, Through 2029

Table 1 : Protective Relays and Circuit Breakers: Regulatory Bodies, Standards Organizations and Government Agencies, by Region, 2024

Table 2 : Latest Granted Patents, by Inventor or Assignee, July 2023–August 2024

Table 3 : Global Market for Protective Relays and Circuit Breakers, by Category, Through 2029

Table 4 : Global Market for Protective Relays, by Region, Through 2029

Table 5 : Global Market for Circuit Breakers, by Region, Through 2029

Table 6 : Global Market for Protective Relays, by Type, Through 2029

Table 7 : Global Market for Overcurrent Protection Relays, by Region, Through 2029

Table 8 : Global Market for Arc Flash Protection Relays, by Region, Through 2029

Table 9 : Global Market for Distance Protection Relays, by Region, Through 2029

Table 10 : Global Market for Line Differential Protection Relays, by Region, Through 2029

Table 11 : Global Market for Pilot Protection Relays, by Region, Through 2029

Table 12 : Global Market for Transformer Differential Protection Relays, by Region, Through 2029

Table 13 : Global Market for Voltage and Frequency Protection Relays, by Region, Through 2029

Table 14 : Global Market for Ground Fault/Earth Fault Protection Relays, by Region, Through 2029

Table 15 : Global Market for Buchholz Protection Relays, by Region, Through 2029

Table 16 : Global Market for Other Protective Relays, by Region, Through 2029

Table 17 : Global Market for Circuit Breakers, by Type, Through 2023

Table 18 : Global Market for Air Circuit Breakers (ACBs), by Region, Through 2029

Table 19 : Global Market for Miniature Circuit Breakers (MCBs), by Region, Through 2029

Table 20 : Global Market for Molded Case Circuit Breakers (MCCBs), by Region, Through 2029

Table 21 : Global Market for Vacuum Circuit Breakers, by Region, Through 2029

Table 22 : Global Market for SF<sub>6</sub> Circuit Breakers, by Region, Through 2029

Table 23 : Global Market for Other Circuit Breakers, by Region, Through 2029

Table 24 : Global Market for Protective Relays and Circuit Breakers, by Application, Through 2029

Table 25 : Global Market for Distribution Line Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 26 : Global Market for Transmission Line Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 27 : Global Market for Motor Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 28 : Global Market for Generator Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 29 : Global Market for Transformers Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 30 : Global Market for Switchgear Protection Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 31 : Global Market for Other Applications in Protective Relays and Circuit Breakers, by Region, Through 2029

Table 32 : Global Market for Protective Relays and Circuit Breakers, by Industry, Through 2029

Table 33 : Global Market for Protective Relays and Circuit Breakers in the Utilities Sector, by Region, Through 2029

Table 34 : Global Market for Protective Relays and Circuit Breakers in the Industrial and Commercial Sector, by Region, Through 2029

Table 35 : Global Market for Protective Relays and Circuit Breakers in the Residential Sector, by Region, Through 2029

Table 36 : Global Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029

Table 37 : Global Market for High Voltage Protective Relays and Circuit Breakers, by Region, Through 2029

Table 38 : Global Market for Medium Voltage Protective Relays and Circuit Breakers, by Region, Through 2029

Table 39 : Global Market for Low Voltage Protective Relays and Circuit Breakers, by Region, Through 2029

Table 40 : Global Market for Protective Relays and Circuit Breakers, by Region, Through 2029

Table 41 : North American Market for Protective Relays and Circuit Breakers, by Country, Through 2029

Table 42 : North American Market for Protective Relays and Circuit Breakers, by Category, Through 2029

Table 43 : North American Market for Protective Relays, by Type, Through 2029

Table 44 : North American Market for Circuit Breakers, by Type, Through 2029

Table 45 : North American Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029

Table 46 : North American Market for Protective Relays and Circuit Breakers, by Industry, Through 2029

Table 47 : North American Market for Protective Relays and Circuit Breakers, by Application, Through 2029

Table 48 : European Market for Protective Relays and Circuit Breakers, by Country, Through 2029

Table 49 : European Market for Protective Relays and Circuit Breakers, by Category, Through 2029

Table 50 : European Market for Protective Relays, by Type, Through 2029

Table 51 : European Market for Circuit Breakers, by Type, Through 2029

Table 52 : European Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029

Table 53 : European Market for Protective Relays and Circuit Breakers, by Industry, Through 2029

Table 54 : European Market for Protective Relays and Circuit Breakers, by Application, Through 2029

Table 55 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Country, Through 2029

Table 56 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Category, Through 2029

Table 57 : Asia-Pacific Market for Protective Relays, by Type, Through 2029

Table 58 : Asia-Pacific Market for Circuit Breakers, by Type, Through 2029

Table 59 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029

Table 60 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Industry, Through 2029

Table 61 : Asia-Pacific Market for Protective Relays and Circuit Breakers, by Application, Through 2029

Table 62 : Rest of the World Market for Protective Relays and Circuit Breakers, by Category, Through 2029

Table 63 : Rest of the World Market for Protective Relays, by Type, Through 2029

Table 64 : Rest of the World Market for Circuit Breakers, by Type, Through 2029

Table 65 : Rest of the World Market for Protective Relays and Circuit Breakers, by Voltage Type, Through 2029

Table 66 : Rest of the World Market for Protective Relays and Circuit Breakers, by Industry, Through 2029

Table 67 : Rest of the World Market for Protective Relays and Circuit Breakers, by Application, Through 2029

Table 68 : Key Players Ranking in the Global Protective Relays and Circuit Breakers Market, 2023

Table 69 : Global Protective Relays and Circuit Breakers Market: Key Recent Developments, 2022–2024

Table 70 : Global Protective Relays and Circuit Breakers Market: Environmental Impact

Table 71 : Global Protective Relays and Circuit Breakers Market: Social Impact

Table 72 : Global Protective Relays and Circuit Breakers Market: Governance Impact

Table 73 : Global Protective Relays and Circuit Breakers Market: ESG Risk Ratings Metric, 2023

Table 74 : Abbreviations Used in the Report

Table 75 : ABB: Company Snapshot

Table 76 : ABB: Financial Performance, FY 2022 and 2023

Table 77 : ABB: Product Portfolio

Table 78 : ABB: News/Key Developments, 2023

Table 79 : Analog Devices Inc.: Company Snapshot

Table 80 : Analog Devices Inc.: Financial Performance, FY 2022 and 2023

Table 81 : Analog Devices Inc.: Product Portfolio

Table 82 : Analog Devices Inc.: News/Key Developments, 2023

Table 83 : CG Power & Industrial Solutions Ltd.: Company Snapshot

Table 84 : CG Power & Industrial Solutions Ltd.: Financial Performance, FY 2022 and 2023

Table 85 : CG Power & Industrial Solutions Ltd.: Product Portfolio

Table 86 : Eaton: Company Snapshot

Table 87 : Eaton: Financial Performance, FY 2022 and 2023

Table 88 : Eaton: Product Portfolio

Table 89 : Eaton: News/Key Developments, 2024

Table 90 : Fanox: Company Snapshot

Table 91 : Fanox: Product Portfolio

Table 92 : Fanox: News/Key Developments, 2024

Table 93 : Fuji Electric Co. Ltd.: Company Snapshot

Table 94 : Fuji Electric Co. Ltd.: Financial Performance, FY 2022 and 2023

Table 95 : Fuji Electric Co. Ltd.: Product Portfolio

Table 96 : Fuji Electric Co. Ltd.: News/Key Developments, 2024

Table 97 : Littelfuse Inc.: Company Snapshot

Table 98 : Littelfuse Inc.: Financial Performance, FY 2022 and 2023

Table 99 : Littelfuse Inc.: Product Portfolio

Table 100 : Littelfuse Inc.: News/Key Developments, 2023 and 2024

Table 101 : Mitsubishi Electric Corp.: Company Snapshot

Table 102 : Mitsubishi Electric Corp.: Financial Performance, FY 2022 and 2023

Table 103 : Mitsubishi Electric Corp.: Product Portfolio

Table 104 : Mitsubishi Electric Corp.: News/Key Developments, 2023

Table 105 : NOJA Power Switchgear Pty Ltd.: Company Snapshot

Table 106 : NOJA Power Switchgear Pty Ltd.: Product Portfolio

Table 107 : Powell Industries: Company Snapshot

Table 108 : Powell Industries: Financial Performance, FY 2022 and 2023

Table 109 : Powell Industries: Product Portfolio

Table 110 : Rockwell Automation: Company Snapshot

Table 111 : Rockwell Automation: Financial Performance, FY 2022 and 2023

Table 112 : Rockwell Automation: Product Portfolio

Table 113 : Rockwell Automation: News/Key Developments, 2023

Table 114 : Salzer Electronics Ltd.: Company Snapshot

Table 115 : Salzer Electronics Ltd.: Financial Performance, FY 2022 and 2023

Table 116 : Salzer Electronics Ltd.: Product Portfolio

Table 117 : Schneider Electric: Company Snapshot

Table 118 : Schneider Electric: Financial Performance, FY 2022 and 2023

Table 119 : Schneider Electric: Product Portfolio

Table 120 : Schneider Electric: News/Key Developments, 2024

Table 121 : Schweitzer Engineering Laboratories Inc.: Company Snapshot

Table 122 : Schweitzer Engineering Laboratories Inc.: Product Portfolio

Table 123 : Schweitzer Engineering Laboratories Inc.: News/Key Developments, 2023

Table 124 : Siemens: Company Snapshot

Table 125 : Siemens: Financial Performance, FY 2022 and 2023

Table 126 : Siemens: Product Portfolio

Table 127 : Siemens: News/Key Developments, 2024

Table 128 : TE Connectivity: Company Snapshot

Table 129 : TE Connectivity: Financial Performance, FY 2022 and 2023

Table 130 : TE Connectivity: Product Portfolio

Table 131 : TE Connectivity: News/Key Developments, 2023

Table 132 : Toshiba Corp.: Company Snapshot

Table 133 : Toshiba Corp.: Financial Performance, FY 2022 and 2023

Table 134 : Toshiba Corp.: Product Portfolio

Table 135 : Toshiba Corp.: News/Key Developments, 2024

Table 136 : ZIV: Company Snapshot

Table 137 : ZIV: Product Portfolio

List of Figures

Summary Figure : Global Market Shares of Protective Relays and Circuit Breakers, by Category, 2023

Figure 1 : Value Chain for Protective Relays and Circuit Breakers Market

Figure 2 : Market Dynamics: Global Protective Relays and Circuit Breakers Market

Figure 3 : Share of Published Patents and Patent Applications on Protective Relays and Circuit Breakers, by Applicants in Key Regions, July 2023–August 2024

Figure 4 : Global Market Shares of Protective Relays and Circuit Breakers, by Category, 2023

Figure 5 : Global Market Shares of Protective Relays, by Type, 2023

Figure 6 : Global Market Shares of Circuit Breakers, by Type, 2023

Figure 7 : Global Market Shares of Protective Relays and Circuit Breakers, by Application, 2023

Figure 8 : Global Market Shares of Protective Relays and Circuit Breakers, by Industry, 2023

Figure 9 : Global Market Shares of Protective Relays and Circuit Breakers, by Voltage Type, 2023

Figure 10 : Global Market Shares of Protective Relays and Circuit Breakers, by Region, 2023

Figure 11 : ABB: Revenue Share, by Business Unit, FY 2023

Figure 12 : ABB: Revenue Share, by Region, FY 2023

Figure 13 : Analog Devices Inc.: Revenue Share, by Business Unit, FY 2023

Figure 14 : Analog Devices Inc.: Revenue Share, by Country/Region, FY 2023

Figure 15 : CG Power & Industrial Solutions Ltd.: Revenue Share, by Business Unit, FY 2023

Figure 16 : CG Power & Industrial Solutions Ltd.: Revenue Share, by Region, FY 2023

Figure 17 : Eaton: Revenue Share, by Business Unit, FY 2023

Figure 18 : Eaton: Revenue Share, by Country/Region, FY 2023

Figure 19 : Fuji Electric Co. Ltd.: Revenue Share, by Business Unit, FY 2023

Figure 20 : Fuji Electric Co. Ltd.: Revenue Share, by Country/Region, FY 2023

Figure 21 : Littelfuse Inc.: Revenue Share, by Business Unit, FY 2023

Figure 22 : Littelfuse Inc.: Revenue Share, by Region, FY 2023

Figure 23 : Mitsubishi Electric Corp.: Revenue Share, by Business Unit, FY 2023

Figure 24 : Mitsubishi Electric Corp.: Revenue Share, by Country/Region, FY 2023

Figure 25 : Powell Industries: Revenue Share, by Business Unit, FY 2023

Figure 26 : Powell Industries: Revenue Share, by Country/Region, FY 2023

Figure 27 : Rockwell Automation: Revenue Share, by Business Unit, FY 2023

Figure 28 : Rockwell Automation: Revenue Share, by Country/Region, FY 2023

Figure 29 : Salzer Electronics Ltd.: Revenue Share, by Business Unit, FY 2023

Figure 30 : Salzer Electronics Ltd.: Revenue Share, by Country/Region, FY 2023

Figure 31 : Schneider Electric: Revenue Share, by Business Unit, FY 2023

Figure 32 : Schneider Electric: Revenue Share, by Region, FY 2023

Figure 33 : Siemens: Revenue Share, by Business Unit, FY 2023

Figure 34 : Siemens: Revenue Share, by Country/Region, FY 2023

Figure 35 : TE Connectivity: Revenue Share, by Business Unit, FY 2023

Figure 36 : TE Connectivity: Revenue Share, by Country/Region, FY 2023