With 5.7% CAGR, Protective Relay Market to Reach $3.9 Billion by 2030
The global Protective Relay Market in terms of revenue was estimated to be worth $2.8 billion in 2024 and is poised to reach $3.9 billion by 2030, growing at a CAGR of 5.7% during the forecast period according to a new report by MarketsandMarkets™.
The driving factors for the protective relay market include the growing demand for electricity, the increasing use of renewable energy sources,...