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,...
Protective Relay Market worth $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and...
Protective Relay Market Size Anticipated to Reach $2.7 Billion by 2025
The global Protective Relay Market is projected to reach USD 2.7 billion by 2025 from an estimated market size of USD 2.0 billion in 2020, at a CAGR of 5.7% during the forecast period. The global Protective Relay Market is set to witness significant growth owing to increased renewable capacity addition, substation automation, and replacement of older electromechanical relays with new and advanced...