| Product Code: ETC5765461 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives saw a significant shift in the import market for protection relays in 2024, with top exporting countries being the USA, Japan, India, China, and the Netherlands. The market concentration, as measured by the HHI, decreased from low to very low in just a year, indicating a more diversified import landscape. Despite a negative growth rate of -36.81% in 2024, the compound annual growth rate (CAGR) from 2020 to 2024 remained strong at 11.5%, suggesting long-term growth potential in the Maldives for protection relay imports.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives MV Protection Relay Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives MV Protection Relay Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives MV Protection Relay Market - Industry Life Cycle |
3.4 Maldives MV Protection Relay Market - Porter's Five Forces |
3.5 Maldives MV Protection Relay Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives MV Protection Relay Market Revenues & Volume Share, By Connected Load, 2021 & 2031F |
3.7 Maldives MV Protection Relay Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 Maldives MV Protection Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable electricity supply in Maldives |
4.2.2 Growth in industrial and commercial infrastructure development |
4.2.3 Government initiatives to enhance power grid reliability and efficiency |
4.3 Market Restraints |
4.3.1 High initial investment costs for installing MV protection relay systems |
4.3.2 Lack of skilled workforce for maintenance and operation of MV protection relays |
4.3.3 Limited availability of advanced technology solutions in the market |
5 Maldives MV Protection Relay Market Trends |
6 Maldives MV Protection Relay Market Segmentations |
6.1 Maldives MV Protection Relay Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives MV Protection Relay Market Revenues & Volume, By Electromechanical & Static Relay, 2021-2031F |
6.1.3 Maldives MV Protection Relay Market Revenues & Volume, By Digital & Numerical Relay, 2021-2031F |
6.2 Maldives MV Protection Relay Market, By Connected Load |
6.2.1 Overview and Analysis |
6.2.2 Maldives MV Protection Relay Market Revenues & Volume, By Feeder Lines, 2021-2031F |
6.2.3 Maldives MV Protection Relay Market Revenues & Volume, By Transformers, 2021-2031F |
6.2.4 Maldives MV Protection Relay Market Revenues & Volume, By Motors, 2021-2031F |
6.3 Maldives MV Protection Relay Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Maldives MV Protection Relay Market Revenues & Volume, By Utilities, 2021-2031F |
6.3.3 Maldives MV Protection Relay Market Revenues & Volume, By Industrial, 2021-2031F |
6.3.4 Maldives MV Protection Relay Market Revenues & Volume, By Commercial & Institutional, 2021-2031F |
7 Maldives MV Protection Relay Market Import-Export Trade Statistics |
7.1 Maldives MV Protection Relay Market Export to Major Countries |
7.2 Maldives MV Protection Relay Market Imports from Major Countries |
8 Maldives MV Protection Relay Market Key Performance Indicators |
8.1 Percentage of downtime reduction in power distribution systems |
8.2 Increase in the number of new installations of MV protection relay systems |
8.3 Improvement in power grid reliability and stability |
8.4 Adoption rate of smart grid technologies in Maldives |
9 Maldives MV Protection Relay Market - Opportunity Assessment |
9.1 Maldives MV Protection Relay Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives MV Protection Relay Market Opportunity Assessment, By Connected Load, 2021 & 2031F |
9.3 Maldives MV Protection Relay Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 Maldives MV Protection Relay Market - Competitive Landscape |
10.1 Maldives MV Protection Relay Market Revenue Share, By Companies, 2024 |
10.2 Maldives MV Protection Relay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |