The global protective relay market size was valued at USD 3,222.9 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% over the forecast period from 2023 to 2030. As significant investments are channeled into infrastructure projects across various regions, there is a concurrent surge in energy consumption, propelling the popularity of smart grid technologies...

Protective Relay Industry The global protective relay market was valued at USD 3,222.9 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth trajectory is primarily attributed to significant investments in infrastructure projects across various regions, which are driving an increase in energy consumption. As a result, there is a...

The global protective relay market is expected to reach USD 5.09 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2023 to 2030. Mounting investments in the transmission & distribution networks to replace the old equipment is expected to be a major factor expected to spur the growth over the forecast period. The intensifying...

Protective Relay Industry The global protective relay market was valued at USD 3,222.9 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth trajectory is primarily attributed to significant investments in infrastructure projects across various regions, which are driving an increase in energy consumption. As a result, there is a...

Protective Relay Industry Overview The global protective relay market was valued at USD 3,222.9 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This growth is primarily driven by significant investments in infrastructure projects across various regions, which have led to an increase in energy consumption. As a result, the demand for...