Albany, NY -- (SBWIRE) -- 06/13/2016 -- Protective relays are used in transmission and distribution of electricity to register overcurrent, overvoltage, and reverse power flow to avoid accidents or flashovers. It trips the circuit breaker when a fault is detected. If there is any discrepancy or abnormality in the current voltage or any other power measurement, the relay detects it and triggers an alarm. There are three types of protective relays: electromechanical relays, solid state relays, and digital relays.

The global protective relays market to grow at a CAGR of 3.22% over the period 2014-2019. The report covers the current scenario and the growth prospects of the global protective relays market for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of protective relays such as electromechanical relays, solid state relays, and digital relays.

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Technavio's report, Global Protective Relays Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA. It also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
- Americas
- APAC
- EMEA

Key vendors
- ABB
- Alstom
- GE
- Schneider Electric

Other prominent vendors
- Honeywell International
- Itron
- Littelfuse
- Mitsubishi Electric
- NR Electric
- Rockwell Automation
- S&C Electric
- SEL
- Siemens

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Key questions answered in this report -

- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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