India Protective Relay Market (2020-2026) | Forecast, COVID-19 IMPACT, Companies, Industry, Share, Analysis, Outlook, Value, Size, Revenue, Growth & Trends

Growing investment in the infrastructure projects coupled with increasing government investment in the smart cities projects has led to an increase in electricity consumption in the country, which would lead to a surge in demand for the protective relays market in India. The electricity consumption in India is expected to increase by over 5% over the next ten years resulting in a surge in investment in the power generation facility in the country, which would lead to further growth in the demand for the protective relay market over the forthcoming years. 

According to 6Wresearch, the India Protective Relay Market size is anticipated to register growth during 2020-26. The Indian market is expected to register a decline in demand during 2020, due to global pandemic COVID-19, which has led to an economic slowdown in the country affecting the government investment and infrastructure projects in the country. However, the market is expected to regain momentum by the first half of 2021. Changing government policies such as the ‘Make in India’ campaign to promote industrialization, especially the manufacturing sector would lead to an increase in demand for uninterrupted power supply in the country, resulting in and a further increase in demand for protective relay market in the country.

Based on voltage medium and high voltage protective relays accounted for a leading share of market demand owing to high installation in the power utility sector. Based on end-users, the power utility sector accounted for a leading share of market revenue pie owing to the high deployment of protective relays along with circuit breakers. 

The India Protective Relay market report thoroughly covers the market by voltage, end-users, applications, and regions. The India Protective Relay market outlook report provides an unbiased and detailed analysis of the on-going India Protective Relay market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Protective Relay Market is anticipated to register growth during the forecast period 2020-26F owing to increasing per capita electricity consumption coupled with increasing penetration of smart grid technology which has increased the demand for a reduction in risk of damage due to electricity failure. On the basis of end-users, the industrial sector in the country is expected to register the highest growth rate in the overall India protective relay market during the projected period followed by the construction sector in India owing to a spur in the construction of residential and commercial buildings coupled with rapid industrialization in the country. Additionally, increasing foreign investments in the distribution and transmission networks in the country would further trigger the efficiency of transmission networks in the country in the coming years and would thus, benefit the growth of the India protective relay market in the near future.

Key Highlights of the Report:

• India Protective Relay Market Overview
• India Protective Relay Market Outlook
• India Protective Relay Market Forecast
• Historical Data of India Protective Relay Market Revenues & Volume for the Period 2016-2019
• India Protective Relay Market Size and India Protective Relay Market Forecast of Revenues & Volume, Until 2026
• Historical Data of India Protective Relay Market Revenues & Volume, By Voltage, for the Period 2016-2019
• Market Size & Forecast of India Protective Relay Market Revenues & Volume, By Voltage, Until 2026
• Historical Data of India Protective Relay Market Revenues & Volume, By Applications, for the Period 2016-2019
• Market Size & Forecast of India Protective Relay Market Revenues & Volume, By Applications, Until 2026
• Historical Data of India Protective Relay Market Revenues & Volume, By End Users, for the Period 2016-2019
• Market Size & Forecast of India Protective Relay Market Revenues & Volume, By End Users, Until 2026
• Market Drivers and Restraints
• India Protective Relay Market Price Trends
• India Protective Relay Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India Protective Relay Market Share, By Players
• India Protective Relay Market Share, By Regions
• India Protective Relay Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The India Protective Relay Market report provides a detailed analysis of the following market segments:

• By Voltage:
• Low Voltage Protective Relay
• Medium Voltage Protective Relay
• High Voltage Protective Relay
  
  
• By Applications:
• Feeder Protection
• Transmission Line Protection
• Transformer Protection
• Motor Protection
• Others
  
  
• By End Users:
• Industrial
• Power Utilities
• Other

Frequently Asked Questions About the Market Study (FAQs):