保護リレー市場 – 2030年までの世界予測

Protective Relay Market - Global Forecast To 2030

保護リレー市場 - 電圧 (超高、高、中、低)、テクノロジー (デジタルおよび数値リレー、電気機械および静的リレー)、エンドユーザー (公益事業、産業部門、鉄道) 、用途および地域別 - 2030年までの世界予測
Protective Relay Market by Voltage (Very high, High, Medium, Low), Technology (Digital and Numeric Relay, Electromechanical & Static Relay), End-user (Utilities, Industrial Sectors, Railways) Application and Region - Global Forecast to 2030
出版社MarketsandMarkets
出版年月2024年8月
ページ数346
図表数496
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global protective relay market is projected to reach USD 3.9 billion by 2030 from an estimated market size of USD 2.8 billion in 2024, at a CAGR of 5.7% during the forecast period.

世界の保護リレー市場は、2024年の推定市場規模28億ドルから2030年までに39億ドルに達すると予測されており、予測期間中のCAGRは5.7%です。

保護リレー市場 - 2030年までの世界予測

The increasing share of renewable energy are expected to drive the demand for protective relay. The rising incidence of electrical faults and the need for improved grid stability and safety are prompting utilities and industries to adopt advanced protective relay systems. Technological advancements in relay design, such as digital and microprocessor-based relays, are also contributing to market growth by offering enhanced accuracy, speed, and connectivity features.

“The low voltage segment, by voltage, is expected to grow at the highest rate in the forecast period”

The low voltage segment is expected to grow at the highest rate in the forecast period. The proliferation of residential, commercial, and industrial applications that rely on low voltage systems is driving demand for reliable and efficient protection solutions. As urbanization and electrification efforts expand globally, particularly in developing regions, there is an increasing need for low voltage infrastructure to support growing populations and economic activities. Additionally, the rise of renewable energy installations, such as solar photovoltaic systems, which often operate at low voltages, is further fueling market growth. Technological advancements in low voltage relays, offering enhanced protection, connectivity, and ease of integration, are also making them more attractive for new installations and retrofitting projects.

保護リレー市場 - 2030年までの世界予測  ecosystem

“The Utility segment, by end-user, is expected to have largest market during the forecast period”

The three-phase segment is estimated to grow at the highest rate of all segments during the forecast period. Utilities are investing heavily in modernizing their grids to enhance efficiency, reliability, and resilience against faults and outages. The integration of renewable energy sources into the grid requires advanced protection systems to manage the variability and complexity introduced by these sources. Furthermore, the growing emphasis on smart grids and digitalization within the utility sector necessitates the adoption of sophisticated protective relays capable of real-time monitoring, remote control, and data analytics.

“Asia Pacific is expected to lead the global protective relay market in terms of market size”

Asia Pacific is expected to be the largest market & has share of 42.3% for protective relay during the forecast period. Asia Pacific had the largest share of the digital & numeric protection relay market in 2023. The protective relays market in the Asia Pacific region is primarily driven by the rapid industrialization and urbanization in countries such as China, India, and Southeast Asian nations. The growing energy demand in these rapidly developing economies necessitates robust and reliable power infrastructure, leading to increased investment in power generation, transmission, and distribution projects. Additionally, government initiatives focused on grid modernization and the integration of renewable energy sources are further propelling the market.

保護リレー市場 - 2030年までの世界予測  region

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1-65%, Tier 24%, and Tier 11%

By Designation: C-Level-20%, Directors-25%, and Others-55%

By Region: North America–27%, Europe–20%, Asia Pacific–37%, Middle East & Africa–4%, and South America–12%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue, as of 2023; Tier 1: USD 1 billion, Tier 2: USD 500 million–1 billion, and Tier 3: <USD 500 million.

The global protective relay market is dominated by a few major players that have an extensive global and regional presence. The leading players in the protective relay market are ABB (Switzerland), Siemens (Germany), General Electric Company (US), Eaton (Ireland), and Schneider Electric (France).

Research Coverage:

The report defines, describes, and forecasts the global protective relay market by voltage, end-user, technology, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The protective relays market is segmented by voltage into low, medium, high, and very high categories. By end-user, the market caters to utilities, industrial sectors, railways, and others. Technologically, the market distinguishes between electromechanical & static relays and digital & numerical relays. Application-wise, protective relays are used in transmission lines, busbars, transformers, feeders, generators, motors, and others. Geographic regions (Asia Pacific, North America, Europe, Middle East and Africa, South America). The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the protective relay market.

Key Benefits of Buying the Report

The report is thoughtfully designed to meet the needs of both seasoned industry leaders and new entrants in the Protective relays market. It provides dependable revenue projections for both the overall market and its various sub-segments, making it a crucial tool for stakeholders looking to gain a deep understanding of the competitive environment. This information helps stakeholders develop effective market strategies for their businesses. Furthermore, the report serves as a key resource for stakeholders to grasp the current market scenario, offering vital insights into the drivers, constraints, challenges, and opportunities for growth. With these insights, stakeholders can make well-informed decisions and keep up with the rapidly changing dynamics of the Protective relays industry.

  • Analysis of key DROC’s: Drivers (Increase in renewable capacity additions and electrification.& Higher efficiency and durability), restraints (Lack of investments and Competitive pressure and regulatory uncertainty), opportunities (Expansion of adaptive protection technologies and Customizable relay technologies), and challenges (Cybersecurity Threats).
  • Product Development/ Innovation: In the protective relay market, product development and innovation are crucial elements driving the sector’s progress. As technology advances, manufacturers are increasingly dedicated to crafting innovative products that enhance performance, efficiency, and safety. These advancements typically incorporate smart technologies, cutting-edge materials, and environmentally friendly insulation options, addressing the changing demands of the power distribution landscape. Additionally, ongoing research and development initiatives are focused on producing transformers that support sustainable and eco-conscious objectives. By embracing advanced technologies and innovative design techniques, companies in the protective relay market strive to not only comply with existing industry standards but also surpass them, offering customers top-of-the-line solutions that boost the efficiency and reliability of power distribution systems. This focus on continual product development and innovation reflects the industry’s commitment to adapting to market shifts and enhancing the functionality and capabilities of protective relays.
  • Market Development: Market development in the protective relay sector is an ongoing and dynamic process, driven by efforts to explore new geographic territories and application areas. Companies in this industry consistently look for opportunities to extend their market presence and respond to emerging demands. This often includes entering previously unexplored regions or adapting existing products for new applications. Additionally, market development strategies involve leveraging evolving trends, such as the growing integration of renewable energy sources and the upgrading of electrical grids. By actively engaging in these market development activities, companies not only expand their customer base but also tailor their products to meet the diverse and changing needs of different sectors. This strategic approach promotes sustained growth, enhances competitiveness, and equips companies to effectively manage the shifting dynamics of the protective relay market. Through focused efforts, collaborations, and strategic alliances, market development serves as a key pathway for securing long-term viability and prominence in this essential segment of the power distribution industry.
  • Market Diversification: Market diversification in the protective relay industry involves expanding product lines and services strategically to reduce risks, tap into new revenue streams, and boost overall business resilience. Companies in this field may diversify by enlarging their selection of transformer types, voltage capacities, or specialized applications. This expansion could include breaking into niche markets, tailoring products for specific applications, or widening their product range to cater to a variety of customer needs. By broadening their portfolio, companies can decrease their dependence on specific products or market segments, enhancing their ability to manage market fluctuations and economic changes. Diversification may also entail geographic expansion into new regions or countries to leverage unique market demands. Effective diversification strategies are rooted in a deep understanding of market trends, consumer behaviors, and technological advancements, equipping companies to adjust and prosper in the constantly changing protective relay market. A well-executed approach to diversification enables companies to navigate market shifts, seize emerging opportunities, and maintain a competitive advantage in this challenging industry.
  • Competitive Assessment: An extensive analysis of the market presence, growth plans, and service offerings of major competitors in the protective relay market has been conducted. This research has been applied to notable firms including ABB (Switzerland), Siemens (Germany), General Electric Company (US), Eaton (Ireland), and Schneider Electric (France) and others. The assessment provides in-depth understanding of these big players’ competitive positions, illuminating their growth-oriented strategies and range of offerings in the oil immersed protective relay industry.

Protective Relay Market by Voltage (Very high, High, Medium, Low), Technology (Digital and Numeric Relay, Electromechanical & Static Relay), End-user (Utilities, Industrial Sectors, Railways) Application and Region – Global Forecast to 2030

保護リレー市場 – 電圧 (超高、高、中、低)、テクノロジー (デジタルおよび数値リレー、電気機械および静的リレー)、エンドユーザー (公益事業、産業部門、鉄道) 、用途および地域別 – 2030年までの世界予測

Table of Contents

1            INTRODUCTION            31

1.1         STUDY OBJECTIVES      31

1.2         MARKET DEFINITION   32

1.3         STUDY SCOPE  32

1.3.1      INCLUSIONS AND EXCLUSIONS 32

1.3.2      YEARS CONSIDERED     34

1.4         CURRENCY CONSIDERED          34

1.5         UNITS CONSIDERED     34

1.6         LIMITATIONS   34

1.7         STAKEHOLDERS            35

1.8         SUMMARY OF CHANGES            35

2            RESEARCH METHODOLOGY     37

2.1         RESEARCH DATA           37

2.2         DATA TRIANGULATION             38

2.3         SECONDARY AND PRIMARY RESEARCH 39

2.3.1      SECONDARY DATA       39

2.3.1.1   List of key secondary sources           39

2.3.1.2   Key data from secondary sources     39

2.3.2      PRIMARY DATA 40

2.3.2.1   List of major primary interview participants   40

2.3.2.2   Key data from primary sources         40

2.3.2.3   Key industry insights          41

2.3.2.4   Breakdown of primaries     41

2.4         MARKET SIZE ESTIMATION       42

2.4.1      BOTTOM-UP APPROACH           42

2.4.2      TOP-DOWN APPROACH             43

2.4.3      DEMAND-SIDE ANALYSIS           44

2.4.3.1   Country-level analysis        44

2.4.3.2   Demand-side assumptions 44

2.4.3.3   Demand-side calculations  45

2.4.4      SUPPLY-SIDE ANALYSIS             45

2.4.4.1   Supply-side assumptions    46

2.4.4.2   Supply-side calculations     46

2.5         FORECAST        47

2.6         RESEARCH ASSUMPTIONS         47

2.7         RESEARCH LIMITATIONS           47

2.8         RISK ANALYSIS 48

3            EXECUTIVE SUMMARY 49

4            PREMIUM INSIGHTS      53

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PROTECTIVE RELAY MARKET            53

4.2         PROTECTIVE RELAY MARKET, BY REGION         54

4.3         PROTECTIVE RELAY MARKET, BY TECHNOLOGY           54

4.4         PROTECTIVE RELAY MARKET, BY VOLTAGE     55

4.5         PROTECTIVE RELAY MARKET, BY END USER     55

4.6         PROTECTIVE RELAY MARKET, BY APPLICATION            55

5            MARKET OVERVIEW     56

5.1         INTRODUCTION            56

5.2         MARKET DYNAMICS     57

5.2.1      DRIVERS            57

5.2.1.1   Integration of renewable energy into existing power grids          57

5.2.1.2   Rising shift toward modern numeric relays    58

5.2.2      RESTRAINTS     58

5.2.2.1   Inadequate investments in grid stability         58

5.2.2.2   High R&D costs and strict regulations           59

5.2.3      OPPORTUNITIES           59

5.2.3.1   Integration of advanced technologies into grid operations          59

5.2.3.2   Advent of customizable and flexible protective relays   59

5.2.4      CHALLENGES   60

5.2.4.1   Vulnerability to cyber threats           60

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 60

5.4         PRICING ANALYSIS        61

5.4.1      INDICATIVE PRICING TREND, BY VOLTAGE      61

5.4.2      AVERAGE SELLING PRICE TREND OF PROTECTIVE RELAYS, BY REGION              61

5.5         SUPPLY CHAIN ANALYSIS          62

5.5.1      PROTECTIVE RELAY MANUFACTURERS             62

5.5.2      PROTECTIVE RELAY SUPPLIERS             62

5.5.3      END USERS       63

5.6         ECOSYSTEM ANALYSIS 63

5.7         TECHNOLOGY ANALYSIS           64

5.7.1      KEY TECHNOLOGIES    64

5.7.1.1   Digital signal processing    64

5.7.1.2   Microprocessor-based relays            64

5.7.2      COMPLEMENTARY TECHNOLOGIES     65

5.7.2.1   Adaptive protective technology        65

5.7.2.2   Mirror operation  65

5.7.3      ADJACENT TECHNOLOGIES      65

5.7.3.1   Self-testing capabilities      65

5.7.3.2   GPS synchronization         66

5.8         CASE STUDY ANALYSIS 66

5.8.1      ADOPTION OF LITTELFUSE MP8000 HELPED ENHANCE PLANT EFFICIENCY AND SAFETY          66

5.8.2      INTEGRATION OF PROTECTIVE RELAY-POWERED SSC SYSTEMS INTO UTILITY GRIDS TO MITIGATE VOLTAGE AND FREQUENCY FLUCTUATION CHALLENGES   67

5.8.3      TORONTO HYDRO ENHANCED SYSTEM RELIABILITY BY ADOPTING MODERN DIGITAL PROTECTIVE RELAYS           67

5.9         PATENT ANALYSIS        68

5.10       TRADE ANALYSIS          70

5.10.1    EXPORT DATA (HS CODE 8536) 70

5.10.2    IMPORT DATA (HS CODE 8536) 71

5.11       KEY CONFERENCES AND EVENTS, 2024–2025     72

5.12       TARIFF AND REGULATORY LANDSCAPE            72

5.12.1    TARIFF ANALYSIS          72

5.12.2    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          73

5.12.3    REGULATIONS 75

5.13       PORTER’S FIVE FORCES ANALYSIS         76

5.13.1    THREAT OF SUBSTITUTES         77

5.13.2    BARGAINING POWER OF SUPPLIERS     77

5.13.3    BARGAINING POWER OF BUYERS           77

5.13.4    THREAT OF NEW ENTRANTS    77

5.13.5    INTENSITY OF COMPETITIVE RIVALRY 78

5.14       KEY STAKEHOLDERS AND BUYING CRITERIA    78

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         78

5.14.2    BUYING CRITERIA         79

5.15       INVESTMENT AND FUNDING SCENARIO            80

5.16       IMPACT OF AI/GENERATIVE AI ON PROTECTIVE RELAY MARKET              80

5.16.1    ADOPTION OF AI/GENERATIVE AI BY PROTECTIVE RELAY MANUFACTURERS        80

5.16.2    IMPACT OF AI/GENERATIVE AI ON SUPPLY CHAIN, BY APPLICATION AND REGION    81

5.16.3    IMPACT OF AI/GENERATIVE AI ON PROTECTIVE RELAY MARKET, BY REGION             81

6            PROTECTIVE RELAY MARKET, BY APPLICATION            82

6.1         INTRODUCTION            83

6.2         GENERATORS  84

6.2.1      ACCURACY IN ADDRESSING VARIOUS FAULTS TO DRIVE MARKET              84

6.3         TRANSMISSION LINES   85

6.3.1      RISING INTEGRATION OF RENEWABLE ENERGY SOURCES WITH TRANSMISSION NETWORKS TO ACCELERATE DEMAND             85

6.4         BUSBARS           86

6.4.1      ABILITY TO MINIMIZE DOWNTIME AND OPERATIONAL DISRUPTIONS IN INDUSTRIAL SETTINGS TO SPUR DEMAND  86

6.5         TRANSFORMERS            87

6.5.1      INCREASING NEED TO PREVENT OVERLOADING OF TRANSFORMERS TO BOOST DEMAND     87

6.6         FEEDERS           88

6.6.1      RISING NEED TO MINIMIZE DAMAGE IN ELECTRICAL NETWORKS AND CONNECTED EQUIPMENT TO ACCELERATE DEMAND 88

6.7         MOTORS            89

6.7.1      INCREASING DEMAND TO OPTIMIZE MOTOR PERFORMANCE TO DRIVE MARKET 89

6.8         OTHER APPLICATIONS 90

7            PROTECTIVE RELAY MARKET, BY VOLTAGE     92

7.1         INTRODUCTION            93

7.2         VERY HIGH       94

7.2.1      GROWING APPLICATION IN TRANSMISSION INFRASTRUCTURE, TRANSFORMERS, AND INDUSTRIAL MACHINERY TO DRIVE MARKET    94

7.3         HIGH    95

7.3.1      INCREASING DEMAND FROM MINING, POWER GENERATION, AND OIL & GAS SECTORS TO FUEL MARKET GROWTH    95

7.4         MEDIUM            96

7.4.1      EXPANDING GLOBAL DISTRIBUTION INFRASTRUCTURE TO ACCELERATE DEMAND 96

7.5         LOW     97

7.5.1      RISING DEMAND FOR INTELLIGENT MOTOR PROTECTION CONTROLLERS TO DRIVE MARKET       97

8            PROTECTIVE RELAY MARKET, BY TECHNOLOGY           99

8.1         INTRODUCTION            100

8.2         DIGITAL & NUMERIC RELAYS    101

8.2.1      GROWING NEED TO DETECT FAULTS WITHIN INDUSTRIAL PROCESSES TO FOSTER MARKET GROWTH       101

8.3         ELECTROMECHANICAL & STATIC RELAYS         102

8.3.1      RISING USE OF MACHINE TOOL CONTROL AND INDUSTRIAL ASSEMBLY LINES TO DRIVE DEMAND   102

9            PROTECTIVE RELAY MARKET, BY END USER     104

9.1         INTRODUCTION            105

9.2         UTILITIES          106

9.2.1      ADVENT OF ADVANCED MICROPROCESSOR-BASED RELAYS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES             106

9.3         INDUSTRIAL     107

9.3.1      EVOLUTION OF INDUSTRY 4.0 TO BOOST DEMAND      107

9.4         RAILWAYS         108

9.4.1      EXPANSION OF HIGH-SPEED RAIL NETWORKS TO DRIVE MARKET              108

9.4.1.1   25 kV/50 Hz        109

9.4.1.2   25 kV/60 Hz        109

9.4.1.3   15 kV/16.7 Hz     109

9.5         OTHERS             109

10          PROTECTIVE RELAY MARKET, BY REGION         111

10.1       INTRODUCTION            112

10.2       ASIA PACIFIC    114

10.2.1    CHINA  127

10.2.1.1 Expanding energy and manufacturing sectors to boost demand  127

10.2.2    INDIA   130

10.2.2.1 Government-led initiatives to boost infrastructure development to foster market growth   130

10.2.3    JAPAN  132

10.2.3.1 Increasing emphasis on grid modernization to drive market       132

10.2.4    AUSTRALIA       134

10.2.4.1 Rising focus on technological advancements to spur demand     134

10.2.5    SOUTH KOREA 137

10.2.5.1 Growing demand for uninterrupted and reliable operations across power systems to drive market    137

10.2.6    REST OF ASIA PACIFIC  139

10.3       NORTH AMERICA          141

10.3.1    US         154

10.3.1.1 Government-led initiatives to modernize and optimize transformers to foster market growth     154

10.3.2    CANADA            157

10.3.2.1 Increasing investments to upgrade electricity utilities to accelerate demand              157

10.3.3    MEXICO             159

10.3.3.1 Rising need to modernize electricity network to drive market     159

10.4       EUROPE             161

10.4.1    UK         173

10.4.1.1 Pressing need to reduce carbon emissions to accelerate demand 173

10.4.2    GERMANY         176

10.4.2.1 Increasing investment in wind and solar power projects to offer lucrative growth opportunities       176

10.4.3    ITALY   178

10.4.3.1 Growing focus on modernizing transportation network to drive market    178

10.4.4    FRANCE             180

10.4.4.1 Growing shift toward IoT-integrated grids to accelerate demand             180

10.4.5    SPAIN   182

10.4.5.1 Rising investments in power infrastructure development to spur demand 182

10.4.6    REST OF EUROPE           184

10.5       MIDDLE EAST & AFRICA             186

10.5.1    GCC      199

10.5.1.1 Saudi Arabia        202

10.5.1.1.1            Rapid urbanization and industrialization to spur demand           202

10.5.1.2 UAE      205

10.5.1.2.1            Rising need for sustainable electricity to offer lucrative growth opportunities       205

10.5.1.3 Qatar     208

10.5.1.3.1            Increasing focus on boosting power generation capacity to drive demand              208

10.5.1.4 Rest of GCC        210

10.5.2    EGYPT 213

10.5.2.1 Growing emphasis on enhancing renewable energy capacity to spur demand              213

10.5.3    SOUTH AFRICA 215

10.5.3.1 Government initiatives promoting stable electricity supply to boost demand              215

10.5.4    REST OF MIDDLE EAST & AFRICA           217

10.6       SOUTH AMERICA           220

10.6.1    BRAZIL 232

10.6.1.1 Growing renewable energy sector to offer lucrative growth opportunities 232

10.6.2    ARGENTINA      235

10.6.2.1 Rising electricity demand to drive market      235

10.6.3    REST OF SOUTH AMERICA         237

11          COMPETITIVE LANDSCAPE       241

11.1       OVERVIEW        241

11.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024     241

11.3       MARKET SHARE ANALYSIS, 2023             244

11.4       MARKET EVALUATION FRAMEWORK    247

11.5       REVENUE ANALYSIS, 2019–2023 249

11.6       COMPANY VALUATION AND FINANCIAL METRICS        249

11.7       BRAND/PRODUCT COMPARISON          250

11.8       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   251

11.8.1    STARS  251

11.8.2    EMERGING LEADERS    251

11.8.3    PERVASIVE PLAYERS     251

11.8.4    PARTICIPANTS 251

11.8.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      253

11.8.5.1 Company footprint            253

11.8.5.2 Region footprint  255

11.8.5.3 Voltage footprint 256

11.8.5.4 Technology footprint         257

11.8.5.5 Application footprint         258

11.8.5.6 End user footprint             259

11.9       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          260

11.9.1    PROGRESSIVE COMPANIES       260

11.9.2    RESPONSIVE COMPANIES          260

11.9.3    DYNAMIC COMPANIES 260

11.9.4    STARTING BLOCKS       260

11.9.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             262

11.9.5.1 Detailed list of key startups/SMEs   262

11.9.5.2 Competitive benchmarking of key startups/SMEs        263

11.10     COMPETITIVE SCENARIO AND TRENDS             264

11.10.1  PRODUCT LAUNCHES  264

11.10.2  DEALS  265

11.10.3  OTHERS             267

12          COMPANY PROFILES    269

12.1       KEY PLAYERS   269

12.1.1    ABB       269

12.1.1.1 Business overview 269

12.1.1.2 Products/Solutions/Services offered 270

12.1.1.3 Recent developments         272

12.1.1.3.1            Deals     272

12.1.1.4 MnM view           273

12.1.1.4.1            Key strengths/Right to win 273

12.1.1.4.2            Strategic choices  273

12.1.1.4.3            Weaknesses/Competitive threats     273

12.1.2    SCHNEIDER ELECTRIC 274

12.1.2.1 Business overview 274

12.1.2.2 Products/Solutions/Services offered 275

12.1.2.3 Recent developments         280

12.1.2.3.1            Expansions          280

12.1.2.4 MnM view           280

12.1.2.4.1            Key strengths/Right to win 280

12.1.2.4.2            Strategic choices  281

12.1.2.4.3            Weaknesses/Competitive threats     281

12.1.3    SIEMENS            282

12.1.3.1 Business overview 282

12.1.3.2 Products/Solutions/Services offered 283

12.1.3.3 Recent developments         285

12.1.3.3.1            Product launches 285

12.1.3.3.2            Others   285

12.1.3.4 MnM view           286

12.1.3.4.1            Key strengths/Right to win 286

12.1.3.4.2            Strategic choices  286

12.1.3.4.3            Weaknesses/Competitive threats     287

12.1.4    GENERAL ELECTRIC COMPANY 288

12.1.4.1 Business overview 288

12.1.4.2 Products/Solutions/Services offered 289

12.1.4.3 Recent developments         292

12.1.4.3.1            Deals     292

12.1.4.3.2            Others   293

12.1.4.4 MnM view           293

12.1.4.4.1            Key strengths/Right to win 293

12.1.4.4.2            Strategic choices  294

12.1.4.4.3            Weaknesses/Competitive Threats    294

12.1.5    EATON 295

12.1.5.1 Business overview 295

12.1.5.2 Products/Solutions/Services offered 296

12.1.5.3 Recent developments         297

12.1.5.3.1            Deals     297

12.1.5.4 MnM view           297

12.1.5.4.1            Key strengths/Right to win 297

12.1.5.4.2            Strategic choices  298

12.1.5.4.3            Weaknesses/Competitive threats     298

12.1.6    TOSHIBA CORPORATION           299

12.1.6.1 Business overview 299

12.1.6.2 Products/Solutions/Services offered 301

12.1.6.3 Recent developments         302

12.1.6.3.1            Others   302

12.1.7    SCHWEITZER ENGINEERING LABORATORIES, INC.        303

12.1.7.1 Business overview 303

12.1.7.2 Products/Solutions/Services offered 303

12.1.7.3 Recent developments         305

12.1.7.3.1            Product launches 305

12.1.7.3.2            Deals     307

12.1.8    MITSUBISHI ELECTRIC CORPORATION 308

12.1.8.1 Business overview 308

12.1.8.2 Products/Solutions/Services offered 309

12.1.8.3 Recent developments         310

12.1.8.3.1            Deals     310

12.1.9    SALZER 311

12.1.9.1 Business overview 311

12.1.9.2 Products/Solutions/Services offered 312

12.1.10  LITTELFUSE, INC.          313

12.1.10.1             Business overview 313

12.1.10.2             Products/Solutions/Services offered 314

12.1.10.3             Recent developments         315

12.1.10.3.1          Expansions          315

12.1.11  ROCKWELL AUTOMATION        316

12.1.11.1             Business overview 316

12.1.11.2             Products/Solutions/Services offered 317

12.1.12  LARSEN & TOUBRO LIMITED    319

12.1.12.1             Business overview 319

12.1.12.2             Products/Solutions/Services offered 320

12.1.13  CG POWER & INDUSTRIAL SOLUTIONS LTD.     322

12.1.13.1             Business overview 322

12.1.13.2             Products/Solutions/Services offered 323

12.1.14  ZIV        324

12.1.14.1             Business overview 324

12.1.14.2             Products/Solutions/Services offered 324

12.1.15  BECKWITH ELECTRIC   325

12.1.15.1             Business overview 325

12.1.15.2             Products/Solutions/Services offered 325

12.2       OTHER PLAYERS           326

12.2.1    PHASETRONICS INC. DBA MOTORTRONICS      326

12.2.2    ERLPHASE POWER TECHNOLOGIES LTD           327

12.2.3    ARCTEQ RELAYS LTD   328

12.2.4    ORION ITALIA S.R.L       329

12.2.5    ASHIDA 330

12.2.6    FOUR-FAITH SMART POWER TECHNOLOGY CO., LTD  331

12.2.7    BASLER ELECTRIC         332

12.2.8    GK POWER EXPERTISE PVT LTD            333

12.2.9    SELCO  334

12.2.10  OMRON CORPORATION             335

13          APPENDIX         336

13.1       INSIGHTS FROM INDUSTRY EXPERTS   336

13.2       DISCUSSION GUIDE      337

13.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             342

13.4       CUSTOMIZATION OPTIONS      344

13.5       RELATED REPORTS       344

13.6       AUTHOR DETAILS         345

LIST OF TABLES

TABLE 1             PROTECTIVE RELAY MARKET SNAPSHOT          49

TABLE 2             INDICATIVE PRICING TREND, BY VOLTAGE (USD)        61

TABLE 3             AVERAGE SELLING PRICE TREND OF PROTECTIVE RELAYS, BY REGION,

2020–2023 (USD)             62

TABLE 4             ROLES OF COMPANIES IN PROTECTIVE RELAY MARKET              63

TABLE 5             LIST OF APPLIED/GRANTED PATENTS RELATED TO PROTECTIVE RELAYS,

2019–2023          69

TABLE 6             EXPORT DATA FOR HS CODE 8536-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2023 (USD THOUSAND)     70

TABLE 7             IMPORT DATA FOR HS CODE 8536-COMPLIANT PRODUCTS, BY COUNTRY,

2021–2023 (USD THOUSAND)     71

TABLE 8             PROTECTIVE RELAY MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025        72

TABLE 9             TARIFF DATA FOR HS CODE 8536-COMPLIANT PRODUCTS, BY COUNTRY, 2023 72

TABLE 10           ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 73

TABLE 11           NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 73

TABLE 12           EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         74

TABLE 13           MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT

AGENCIES, AND OTHER ORGANIZATIONS         74

TABLE 14           SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 75

TABLE 15           PROTECTIVE RELAY MARKET: PORTER’S FIVE FORCES ANALYSIS          76

TABLE 16           INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY TECHNOLOGY (%)        78

TABLE 17           KEY BUYING CRITERIA FOR TOP TWO TECHNOLOGIES 79

TABLE 18           PROTECTIVE RELAY MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 83

TABLE 19           PROTECTIVE RELAY MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 84

TABLE 20           GENERATORS: PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          84

TABLE 21           GENERATORS: PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          85

TABLE 22           TRANSMISSION LINES: PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          85

TABLE 23           TRANSMISSION LINES: PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          86

TABLE 24           BUSBARS: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION) 86

TABLE 25           BUSBARS: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION) 87

TABLE 26           TRANSFORMERS: PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          87

TABLE 27           TRANSFORMERS: PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          88

TABLE 28           FEEDERS: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION) 88

TABLE 29           FEEDERS: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION) 89

TABLE 30           MOTORS: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION) 89

TABLE 31           MOTORS: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION) 90

TABLE 32           OTHER APPLICATIONS: PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          90

TABLE 33           OTHER APPLICATIONS: PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          91

TABLE 34           PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)          93

TABLE 35           PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)          94

TABLE 36           VERY HIGH: VOLTAGE PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          94

TABLE 37           VERY HIGH: VOLTAGE PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          95

TABLE 38           HIGH VOLTAGE: PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          95

TABLE 39           HIGH VOLTAGE: PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          96

TABLE 40           MEDIUM: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION) 96

TABLE 41           MEDIUM: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION) 97

TABLE 42           LOW: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION) 97

TABLE 43           LOW: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION) 98

TABLE 44           PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 100

TABLE 45           PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 100

TABLE 46           DIGITAL & NUMERIC RELAYS: PROTECTIVE RELAYS MARKET, BY REGION,

2019–2022 (USD MILLION)          101

TABLE 47           DIGITAL & NUMERIC RELAYS: PROTECTIVE RELAYS MARKET, BY REGION,

2023–2030 (USD MILLION)          101

TABLE 48           ELECTROMECHANICAL & STATIC RELAYS: PROTECTIVE RELAYS MARKET,

BY REGION, 2019–2022 (USD MILLION)  102

TABLE 49           ELECTROMECHANICAL & STATIC RELAYS: PROTECTIVE RELAYS MARKET,

BY REGION, 2023–2030 (USD MILLION)  103

TABLE 50           PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)          105

TABLE 51           PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)          106

TABLE 52           UTILITIES: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION)     106

TABLE 53           UTILITIES: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION)     107

TABLE 54           INDUSTRIAL: PROTECTIVE RELAY MARKET, BY REGION,

2019–2022 (USD MILLION)          107

TABLE 55           INDUSTRIAL: PROTECTIVE RELAY MARKET, BY REGION,

2023–2030 (USD MILLION)          108

TABLE 56           RAILWAYS: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION)     108

TABLE 57           RAILWAYS: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION)     109

TABLE 58           OTHERS: PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION) 110

TABLE 59           OTHERS: PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION) 110

TABLE 60           PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (USD MILLION)          113

TABLE 61           PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (USD MILLION)          113

TABLE 62           PROTECTIVE RELAY MARKET, BY REGION, 2019–2022 (UNITS)              114

TABLE 63           PROTECTIVE RELAY MARKET, BY REGION, 2023–2030 (UNITS)              114

TABLE 64           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          115

TABLE 65           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          115

TABLE 66           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE, BY APPLICATION, 2019–2022 (USD MILLION)             115

TABLE 67           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE, BY APPLICATION, 2023–2030 (USD MILLION)             116

TABLE 68           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     116

TABLE 69           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     117

TABLE 70           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE, BY APPLICATION, 2019–2022 (USD MILLION)             117

TABLE 71           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE, BY APPLICATION, 2023–2030 (USD MILLION)             118

TABLE 72           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     118

TABLE 73           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     119

TABLE 74           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          119

TABLE 75           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          119

TABLE 76           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          120

TABLE 77           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          120

TABLE 78           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          120

TABLE 79           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY APPLICATION,

2023–2030 (USD MILLION)          121

TABLE 80           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE, 2019–2022 (USD MILLION) 121

TABLE 81           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE, 2023–2030 (USD MILLION) 121

TABLE 82           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES,

BY VOLTAGE, 2019–2022 (USD MILLION)             122

TABLE 83           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES,

BY VOLTAGE, 2023–2030 (USD MILLION)             122

TABLE 84           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE,

2019–2022 (USD MILLION)          122

TABLE 85           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE,

2023–2030 (USD MILLION)          123

TABLE 86           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR TRANSFORMERS, BY VOLTAGE, 2019–2022 (USD MILLION)         123

TABLE 87           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR TRANSFORMERS, BY VOLTAGE, 2023–2030 (USD MILLION)         123

TABLE 88           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE,

2019–2022 (USD MILLION)          124

TABLE 89           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE,

2023–2030 (USD MILLION)          124

TABLE 90           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2019–2022 (USD MILLION)          124

TABLE 91           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2023–2030 (USD MILLION)          125

TABLE 92           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS,

BY VOLTAGE, 2019–2022 (USD MILLION)             125

TABLE 93           ASIA PACIFIC: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS,

BY VOLTAGE, 2023–2030 (USD MILLION)             125

TABLE 94           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          126

TABLE 95           ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY COUNTRY,

2023–2030 (USD MILLION)          126

TABLE 96           CHINA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 128

TABLE 97           CHINA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 128

TABLE 98           CHINA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          128

TABLE 99           CHINA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          129

TABLE 100         CHINA: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 129

TABLE 101         CHINA: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 129

TABLE 102         INDIA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 130

TABLE 103         INDIA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 130

TABLE 104         INDIA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)     131

TABLE 105         INDIA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)     131

TABLE 106         INDIA: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 131

TABLE 107         INDIA: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 132

TABLE 108         JAPAN: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 132

TABLE 109         JAPAN: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 133

TABLE 110         JAPAN: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          133

TABLE 111         JAPAN: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          133

TABLE 112         JAPAN: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 134

TABLE 113         JAPAN: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 134

TABLE 114         AUSTRALIA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          135

TABLE 115         AUSTRALIA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          135

TABLE 116         AUSTRALIA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          135

TABLE 117         AUSTRALIA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          136

TABLE 118         AUSTRALIA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          136

TABLE 119         AUSTRALIA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          136

TABLE 120         SOUTH KOREA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          137

TABLE 121         SOUTH KOREA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          137

TABLE 122         SOUTH KOREA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          138

TABLE 123         SOUTH KOREA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          138

TABLE 124         SOUTH KOREA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          138

TABLE 125         SOUTH KOREA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          139

TABLE 126         REST OF ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          139

TABLE 127         REST OF ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          140

TABLE 128         REST OF ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          140

TABLE 129         REST OF ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          140

TABLE 130         REST OF ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          141

TABLE 131         REST OF ASIA PACIFIC: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          141

TABLE 132        NORTH AMERICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          142

TABLE 133        NORTH AMERICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          142

TABLE 134         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     142

TABLE 135         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     143

TABLE 136         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     143

TABLE 137         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     144

TABLE 138         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     144

TABLE 139         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     145

TABLE 140         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     145

TABLE 141         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     146

TABLE 142         NORTH AMERICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          146

TABLE 143         NORTH AMERICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          146

TABLE 144        NORTH AMERICA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          147

TABLE 145        NORTH AMERICA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          147

TABLE 146         NORTH AMERICA: PROTECTIVE RELAY MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          147

TABLE 147         NORTH AMERICA: PROTECTIVE RELAY MARKET, BY APPLICATION,

2023–2030 (USD MILLION)          148

TABLE 148         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE, 2019–2022 (USD MILLION) 148

TABLE 149         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE, 2023–2030 (USD MILLION) 148

TABLE 150         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES,

BY VOLTAGE, 2019–2022 (USD MILLION)             149

TABLE 151         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES,

BY VOLTAGE, 2023–2030 (USD MILLION)             149

TABLE 152        NORTH AMERICA: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE, 2019–2022 (USD MILLION)             149

TABLE 153        NORTH AMERICA: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE, 2023–2030 (USD MILLION)             150

TABLE 154         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSFORMERS,

BY VOLTAGE, 2019–2022 (USD MILLION)             150

TABLE 155         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSFORMERS,

BY VOLTAGE, 2023–2030 (USD MILLION)             150

TABLE 156        NORTH AMERICA: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE, 2019–2022 (USD MILLION)             151

TABLE 157        NORTH AMERICA: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE, 2023–2030 (USD MILLION)             151

TABLE 158        NORTH AMERICA: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2019–2022 (USD MILLION)          151

TABLE 159        NORTH AMERICA: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2023–2030 (USD MILLION)          152

TABLE 160         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS,

BY VOLTAGE, 2019–2022 (USD MILLION)             152

TABLE 161         NORTH AMERICA: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS,

BY VOLTAGE, 2023–2030 (USD MILLION)             152

TABLE 162        NORTH AMERICA: PROTECTIVE RELAY MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          153

TABLE 163         NORTH AMERICA PROTECTIVE RELAY MARKET, BY COUNTRY,

2023–2030 (USD MILLION)          153

TABLE 164         US: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 155

TABLE 165         US: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 155

TABLE 166         US: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 155

TABLE 167         US PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 156

TABLE 168         US: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 156

TABLE 169         US: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 156

TABLE 170         CANADA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     157

TABLE 171         CANADA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     157

TABLE 172         CANADA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          158

TABLE 173         CANADA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          158

TABLE 174         CANADA: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)     158

TABLE 175         CANADA: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)     158

TABLE 176         MEXICO: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     159

TABLE 177         MEXICO: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     159

TABLE 178         MEXICO: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          160

TABLE 179         MEXICO: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          160

TABLE 180         MEXICO: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)     160

TABLE 181         MEXICO: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)     161

TABLE 182         EUROPE: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     161

TABLE 183         EUROPE: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     162

TABLE 184         EUROPE: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     162

TABLE 185         EUROPE: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     163

TABLE 186         EUROPE: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     163

TABLE 187         EUROPE: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     164

TABLE 188         EUROPE: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     164

TABLE 189         EUROPE: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     165

TABLE 190         EUROPE: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     165

TABLE 191         EUROPE: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     166

TABLE 192         EUROPE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          166

TABLE 193         EUROPE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          166

TABLE 194         EUROPE: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)     167

TABLE 195         EUROPE: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)     167

TABLE 196         EUROPE: PROTECTIVE RELAY MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          167

TABLE 197         EUROPE: PROTECTIVE RELAY MARKET, BY APPLICATION,

2023–2030 (USD MILLION)          168

TABLE 198         EUROPE: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE,

2019–2022 (USD MILLION)          168

TABLE 199         EUROPE: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE,

2023–2030 (USD MILLION)          168

TABLE 200         EUROPE: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES, BY VOLTAGE, 2019–2022 (USD MILLION) 169

TABLE 201         EUROPE: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES, BY VOLTAGE, 2023–2030 (USD MILLION) 169

TABLE 202         EUROPE: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE,

2019–2022 (USD MILLION)          169

TABLE 203         EUROPE: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE,

2023–2030 (USD MILLION)          170

TABLE 204         EUROPE: PROTECTIVE RELAY MARKET FOR TRANSFORMERS, BY VOLTAGE,

2019–2022 (USD MILLION)          170

TABLE 205         EUROPE: PROTECTIVE RELAY MARKET FOR TRANSFORMERS, BY VOLTAGE,

2023–2030 (USD MILLION)          170

TABLE 206         EUROPE: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE,

2019–2022 (USD MILLION)          171

TABLE 207         EUROPE: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE,

2023–2030 (USD MILLION)          171

TABLE 208         EUROPE: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2019–2022 (USD MILLION)          171

TABLE 209         EUROPE: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2023–2030 (USD MILLION)          172

TABLE 210         EUROPE: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS, BY VOLTAGE, 2019–2022 (USD MILLION)           172

TABLE 211         EUROPE: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS, BY VOLTAGE, 2023–2030 (USD MILLION)           172

TABLE 212         EUROPE: PROTECTIVE RELAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)     173

TABLE 213         EUROPE: PROTECTIVE RELAY MARKET, BY COUNTRY, 2023–2030 (USD MILLION)     173

TABLE 214         UK: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 174

TABLE 215         UK: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 174

TABLE 216         UK: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)     174

TABLE 217         UK: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)     175

TABLE 218         UK: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 175

TABLE 219         UK: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 175

TABLE 220         GERMANY: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     176

TABLE 221         GERMANY: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     176

TABLE 222         GERMANY: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          177

TABLE 223         GERMANY: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          177

TABLE 224         GERMANY: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          177

TABLE 225         GERMANY: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          177

TABLE 226         ITALY: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 178

TABLE 227         ITALY: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 178

TABLE 228         ITALY: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)     179

TABLE 229         ITALY: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)     179

TABLE 230         ITALY: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 179

TABLE 231         ITALY: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 179

TABLE 232         FRANCE: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)     180

TABLE 233         FRANCE: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)     180

TABLE 234         FRANCE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          181

TABLE 235         FRANCE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          181

TABLE 236         FRANCE: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)     181

TABLE 237         FRANCE: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)     182

TABLE 238         SPAIN: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 182

TABLE 239         SPAIN: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 183

TABLE 240         SPAIN: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          183

TABLE 241         SPAIN: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          183

TABLE 242         SPAIN: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 183

TABLE 243         SPAIN: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 184

TABLE 244         REST OF EUROPE: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          184

TABLE 245         REST OF EUROPE: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          185

TABLE 246         REST OF EUROPE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          185

TABLE 247         REST OF EUROPE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          185

TABLE 248         REST OF EUROPE: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          186

TABLE 249         REST OF EUROPE: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          186

TABLE 250         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          187

TABLE 251         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          187

TABLE 252         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     188

TABLE 253         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     188

TABLE 254         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     189

TABLE 255         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     189

TABLE 256         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     190

TABLE 257         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     190

TABLE 258         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE, BY APPLICATION, 2019–2022 (USD MILLION)      191

TABLE 259         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE, BY APPLICATION, 2023–2030 (USD MILLION)      191

TABLE 260         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          191

TABLE 261         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          192

TABLE 262         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          192

TABLE 263         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          192

TABLE 264         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          193

TABLE 265         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY APPLICATION,

2023–2030 (USD MILLION)          193

TABLE 266         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR GENERATORS,

BY VOLTAGE, 2019–2022 (USD MILLION)             194

TABLE 267         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR GENERATORS,

BY VOLTAGE, 2023–2030 (USD MILLION)             194

TABLE 268         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES, BY VOLTAGE, 2019–2022 (USD MILLION) 194

TABLE 269         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES, BY VOLTAGE, 2023–2030 (USD MILLION) 195

TABLE 270         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE, 2019–2022 (USD MILLION)        195

TABLE 271         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE, 2023–2030 (USD MILLION)        196

TABLE 272         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR TRANSFORMERS,

BY VOLTAGE, 2019–2022 (USD MILLION)             196

TABLE 273         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR TRANSFORMERS,

BY VOLTAGE, 2023–2030 (USD MILLION)             196

TABLE 274         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE, 2019–2022 (USD MILLION)         197

TABLE 275         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE, 2023–2030 (USD MILLION)         197

TABLE 276         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE, 2019–2022 (USD MILLION)        197

TABLE 277         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE, 2023–2030 (USD MILLION)        198

TABLE 278         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS, BY VOLTAGE, 2019–2022 (USD MILLION)            198

TABLE 279         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS, BY VOLTAGE, 2023–2030 (USD MILLION)            198

TABLE 280         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          199

TABLE 281         MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY COUNTRY,

2023–2030 (USD MILLION)          199

TABLE 282         GCC: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 200

TABLE 283         GCC: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 200

TABLE 284         GCC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)     200

TABLE 285         GCC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)     200

TABLE 286         GCC: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 201

TABLE 287         GCC: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 201

TABLE 288         GCC: PROTECTIVE RELAY MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 201

TABLE 289         GCC: PROTECTIVE RELAY MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 202

TABLE 290         SAUDI ARABIA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          203

TABLE 291         SAUDI ARABIA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          203

TABLE 292         SAUDI ARABIA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          204

TABLE 293         SAUDI ARABIA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          204

TABLE 294         SAUDI ARABIA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          204

TABLE 295         SAUDI ARABIA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          205

TABLE 296         UAE: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 206

TABLE 297         UAE: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 206

TABLE 298         UAE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)     207

TABLE 299         UAE: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)     207

TABLE 300         UAE: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 207

TABLE 301         UAE: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 208

TABLE 302         QATAR: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 208

TABLE 303         QATAR: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 209

TABLE 304         QATAR: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          209

TABLE 305         QATAR: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          209

TABLE 306         QATAR: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 210

TABLE 307         QATAR: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 210

TABLE 308         REST OF GCC: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          211

TABLE 309         REST OF GCC: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          211

TABLE 310         REST OF GCC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          211

TABLE 311         REST OF GCC: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          212

TABLE 312         REST OF GCC: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          212

TABLE 313         REST OF GCC: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          212

TABLE 314         EGYPT: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 213

TABLE 315         EGYPT: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 213

TABLE 316         EGYPT: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          214

TABLE 317         EGYPT: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          214

TABLE 318         EGYPT: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION) 214

TABLE 319         EGYPT: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION) 214

TABLE 320         SOUTH AFRICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          215

TABLE 321         SOUTH AFRICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          216

TABLE 322         SOUTH AFRICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          216

TABLE 323         SOUTH AFRICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          216

TABLE 324         SOUTH AFRICA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          217

TABLE 325         SOUTH AFRICA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          217

TABLE 326         REST OF MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION)         218

TABLE 327         REST OF MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION)         218

TABLE 328         REST OF MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION) 218

TABLE 329         REST OF MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 219

TABLE 330         REST OF MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)         219

TABLE 331         REST OF MIDDLE EAST & AFRICA: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)         219

TABLE 332         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          220

TABLE 333         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          221

TABLE 334         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     221

TABLE 335         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR LOW VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     222

TABLE 336         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     222

TABLE 337         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR MEDIUM VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     223

TABLE 338         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     223

TABLE 339         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     224

TABLE 340         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2019–2022 (USD MILLION)     224

TABLE 341         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR VERY HIGH VOLTAGE,

BY APPLICATION, 2023–2030 (USD MILLION)     225

TABLE 342         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          225

TABLE 343         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          225

TABLE 344         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          226

TABLE 345         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          226

TABLE 346         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          226

TABLE 347         SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY APPLICATION,

2023–2030 (USD MILLION)          227

TABLE 348         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE, 2019–2022 (USD MILLION) 227

TABLE 349         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR GENERATORS, BY VOLTAGE, 2023–2030 (USD MILLION) 227

TABLE 350         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES,

BY VOLTAGE 2019–2022 (USD MILLION) 228

TABLE 351         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSMISSION LINES,

BY VOLTAGE, 2023–2030 (USD MILLION)             228

TABLE 352        SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE, 2019–2022 (USD MILLION)             228

TABLE 353        SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR BUSBARS, BY VOLTAGE, 2023–2030 (USD MILLION)             229

TABLE 354         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSFORMERS, BY VOLTAGE 2019–2022 (USD MILLION)          229

TABLE 355         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR TRANSFORMERS, BY VOLTAGE, 2023–2030 (USD MILLION)         229

TABLE 356         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE,

2019–2022 (USD MILLION)          230

TABLE 357         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR FEEDERS, BY VOLTAGE,

2023–2030 (USD MILLION)          230

TABLE 358         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2019–2022 (USD MILLION)          230

TABLE 359         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR MOTORS, BY VOLTAGE,

2023–2030 (USD MILLION)          231

TABLE 360         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS,

BY VOLTAGE, 2019–2022 (USD MILLION)             231

TABLE 361         SOUTH AMERICA: PROTECTIVE RELAY MARKET FOR OTHER APPLICATIONS,

BY VOLTAGE, 2023–2030 (USD MILLION)             231

TABLE 362        SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          232

TABLE 363        SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY COUNTRY,

2023–2030 (USD MILLION)          232

TABLE 364         BRAZIL: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2019–2022 (USD MILLION) 233

TABLE 365         BRAZIL: PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023–2030 (USD MILLION) 234

TABLE 366         BRAZIL: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          234

TABLE 367         BRAZIL: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          234

TABLE 368         BRAZIL: PROTECTIVE RELAY MARKET, BY END USER, 2019–2022 (USD MILLION)     234

TABLE 369         BRAZIL: PROTECTIVE RELAY MARKET, BY END USER, 2023–2030 (USD MILLION)     235

TABLE 370         ARGENTINA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          236

TABLE 371         ARGENTINA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          236

TABLE 372         ARGENTINA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          236

TABLE 373         ARGENTINA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          237

TABLE 374         ARGENTINA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          237

TABLE 375         ARGENTINA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          237

TABLE 376         REST OF SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2019–2022 (USD MILLION)          238

TABLE 377         REST OF SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY VOLTAGE,

2023–2030 (USD MILLION)          238

TABLE 378         REST OF SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2019–2022 (USD MILLION)          239

TABLE 379         REST OF SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)          239

TABLE 380         REST OF SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY END USER,

2019–2022 (USD MILLION)          239

TABLE 381         REST OF SOUTH AMERICA: PROTECTIVE RELAY MARKET, BY END USER,

2023–2030 (USD MILLION)          240

TABLE 382         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2024     241

TABLE 383         PROTECTIVE RELAY MARKET: DEGREE OF COMPETITION, 2023      244

TABLE 384         MARKET EVALUATION FRAMEWORK, 2019–2024             248

TABLE 385         PROTECTIVE RELAY MARKET: REGION FOOTPRINT      255

TABLE 386         PROTECTIVE RELAY MARKET: VOLTAGE FOOTPRINT  256

TABLE 387         PROTECTIVE RELAY MARKET: TECHNOLOGY FOOTPRINT              257

TABLE 388         PROTECTIVE RELAY MARKET: APPLICATION FOOTPRINT              258

TABLE 389         PROTECTIVE RELAY MARKET: END USER FOOTPRINT  259

TABLE 390         PROTECTIVE RELAY MARKET: LIST OF KEY STARTUPS/SMES              262

TABLE 391         PROTECTIVE RELAY MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES   263

TABLE 392         PROTECTIVE RELAY MARKET: PRODUCT LAUNCHES, JANUARY 2019–MARCH 2024      264

TABLE 393         PROTECTIVE RELAY MARKET: DEALS, JANUARY 2019–MARCH 2024      265

TABLE 394         PROTECTIVE RELAY MARKET: OTHERS, JANUARY 2019–MARCH 2024     267

TABLE 395         ABB: COMPANY OVERVIEW       269

TABLE 396         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        270

TABLE 397         ABB: DEALS      272

TABLE 399         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          275

TABLE 400         SCHNEIDER ELECTRIC: EXPANSIONS    280

TABLE 404         SIEMENS: OTHERS         285

TABLE 405         GENERAL ELECTRIC COMPANY: COMPANY OVERVIEW 288

TABLE 407         GENERAL ELECTRIC COMPANY: DEALS 292

TABLE 408         GENERAL ELECTRIC COMPANY: OTHERS           293

TABLE 409         EATON: COMPANY OVERVIEW 295

TABLE 410         EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED  296

TABLE 411         EATON: DEALS 297

TABLE 412         TOSHIBA CORPORATION: COMPANY OVERVIEW           299

TABLE 414         TOSHIBA CORPORATION: OTHERS        302

TABLE 415         SCHWEITZER ENGINEERING LABORATORIES, INC.: COMPANY OVERVIEW        303

TABLE 416         SCHWEITZER ENGINEERING LABORATORIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   303

TABLE 417         SCHWEITZER ENGINEERING LABORATORIES, INC.: PRODUCT LAUNCHES       305

TABLE 418         SCHWEITZER ENGINEERING LABORATORIES, INC.: DEALS              307

TABLE 419         MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW              308

TABLE 420         MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      309

TABLE 421         MITSUBISHI ELECTRIC CORPORATION: DEALS 310

TABLE 422         SALZER: COMPANY OVERVIEW 311

TABLE 423         SALZER: PRODUCTS/SOLUTIONS/SERVICES OFFERED  312

TABLE 424         LITTELFUSE, INC.: COMPANY OVERVIEW           313

TABLE 425         LITTELFUSE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          314

TABLE 426         LITTELFUSE, INC.: EXPANSIONS             315

TABLE 427         ROCKWELL AUTOMATION: COMPANY OVERVIEW        316

TABLE 428         ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   317

TABLE 429         LARSEN & TOUBRO LIMITED: COMPANY OVERVIEW     319

TABLE 430         LARSEN & TOUBRO LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   320

TABLE 431         CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY OVERVIEW        322

TABLE 432         CG POWER & INDUSTRIAL SOLUTIONS LTD.: PRODUCTS/SOLUTIONS/

SERVICES OFFERED      323

TABLE 433         ZIV: COMPANY OVERVIEW        324

TABLE 434         ZIV: PRODUCTS/SOLUTIONS/SERVICES OFFERED         324

TABLE 435         BECKWITH ELECTRIC: COMPANY OVERVIEW   325

TABLE 436         BECKWITH ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          325

LIST OF FIGURES

FIGURE 1           PROTECTIVE RELAY MARKET SEGMENTATION AND REGIONAL SCOPE         33

FIGURE 2           PROTECTIVE RELAY MARKET: RESEARCH DESIGN         37

FIGURE 3           DATA TRIANGULATION             38

FIGURE 4           PROTECTIVE RELAY MARKET: BOTTOM-UP APPROACH              43

FIGURE 5           PROTECTIVE RELAY MARKET: TOP-DOWN APPROACH 43

FIGURE 6           MAIN METRICS CONSIDERED TO ANALYZE AND ASSESS DEMAND FOR PROTECTIVE RELAY EQUIPMENT            44

FIGURE 7           KEY STEPS CONSIDERED TO ASSESS SUPPLY OF PROTECTIVE RELAY EQUIPMENT      45

FIGURE 8           PROTECTIVE RELAY MARKET: SUPPLY-SIDE ANALYSIS 46

FIGURE 9           ASIA PACIFIC CLAIMED LARGEST MARKET SHARE IN 2023              50

FIGURE 10         LOW VOLTAGE SEGMENT TO DOMINATE MARKET IN 2024              51

FIGURE 11         DIGITAL & NUMERIC RELAYS SEGMENT TO DOMINATE MARKET IN 2024             51

FIGURE 12         TRANSFORMERS SEGMENT HOLD LARGEST MARKET SHARE IN 2024 52

FIGURE 13         UTILITIES SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030      52

FIGURE 14         ONGOING DEVELOPMENTS IN MICROPROCESSORS AND SENSORS

TO DRIVE MARKET       53

FIGURE 15         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       54

FIGURE 16         DIGITAL & NUMERIC RELAYS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030          54

FIGURE 17         LOW VOLTAGE SEGMENT TO LEAD MARKET IN 2030    55

FIGURE 18         UTILITIES SEGMENT TO DOMINATE MARKET IN 2030   55

FIGURE 19         TRANSFORMERS SEGMENT TO COMMAND MARKET IN 2030              55

FIGURE 20         PROTECTIVE RELAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES        57

FIGURE 21         DATA ON RENEWABLE CAPACITY GROWTH, 2019–2024 (GW)              58

FIGURE 22         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES              60

FIGURE 23         AVERAGE SELLING PRICE TREND OF PROTECTIVE RELAYS, BY REGION, 2020–2023, (USD)          61

FIGURE 24         PROTECTIVE RELAY MARKET: SUPPLY CHAIN ANALYSIS              62

FIGURE 25         PROTECTIVE RELAY MARKET: ECOSYSTEM ANALYSIS  64

FIGURE 26         NUMBER OF PATENTS APPLIED AND GRANTED FOR PROTECTIVE

RELAYS, 2013—2023       68

FIGURE 27         EXPORT DATA FOR HS CODE 8536-COMPLIANT PRODUCTS, BY COUNTRY,

2022–2023 (USD THOUSAND)     70

FIGURE 28         IMPORT DATA FOR HS CODE 854143-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)       71

FIGURE 29         PROTECTIVE RELAY MARKET: PORTER’S FIVE FORCES ANALYSIS          76

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY TECHNOLOGY 78

FIGURE 31         BUYING CRITERIA, BY TECHNOLOGY   79

FIGURE 32         INVESTMENT AND FUNDING SCENARIO            80

FIGURE 33         IMPACT OF GENERATIVE AI/AI ON SUPPLY CHAIN, BY REGION              81

FIGURE 34         PROTECTIVE RELAY MARKET, BY APPLICATION, 2023   83

FIGURE 35         PROTECTIVE RELAY MARKET, BY VOLTAGE, 2023          93

FIGURE 36         PROTECTIVE RELAY MARKET, BY TECHNOLOGY, 2023 100

FIGURE 37         PROTECTIVE RELAY MARKET, BY END USER, 2023          105

FIGURE 38         PROTECTIVE RELAY MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    112

FIGURE 39         ASIA PACIFIC DOMINATED MARKET IN 2023      113

FIGURE 40         ASIA PACIFIC: PROTECTIVE RELAY MARKET SNAPSHOT              127

FIGURE 41         NORTH AMERICA: PROTECTIVE RELAY MARKET SNAPSHOT              154

FIGURE 42         MARKET SHARE OF TOP COMPANIES OFFERING PROTECTIVE RELAY

EQUIPMENT, 2023         245

FIGURE 43         PROTECTIVE RELAY MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023 (USD MILLION)            249

FIGURE 44         COMPANY VALUATION, 2024    249

FIGURE 45         FINANCIAL METRICS (EV/EBITDA), 2024            250

FIGURE 46         BRAND/PRODUCT COMPARISON          250

FIGURE 47         PROTECTIVE RELAY MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023     252

FIGURE 48         PROTECTIVE RELAY MARKET: COMPANY/PRODUCT FOOTPRINT, 2023          253

FIGURE 49         PROTECTIVE RELAY: MARKET FOOTPRINT, 2023           254

FIGURE 50         PROTECTIVE RELAY MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023             261

FIGURE 51         ABB: COMPANY SNAPSHOT       270

FIGURE 52         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  275

FIGURE 53         SIEMENS: COMPANY SNAPSHOT            283

FIGURE 54         GENERAL ELECTRIC: COMPANY SNAPSHOT      289

FIGURE 55         EATON: COMPANY SNAPSHOT 296

FIGURE 56         TOSHIBA CORPORATION: COMPANY SNAPSHOT           300

FIGURE 57         MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT              309

FIGURE 58         SALZER: COMPANY SNAPSHOT 311

FIGURE 59         LITTELFUSE, INC.: COMPANY SNAPSHOT          314

FIGURE 60         ROCKWELL AUTOMATION: COMPANY SNAPSHOT        317

FIGURE 61         LARSEN & TOUBRO LIMITED: COMPANY SNAPSHOT    320

FIGURE 62         CG POWER & INDUSTRIAL SOLUTIONS LTD.: COMPANY SNAPSHOT        323