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Check Out This Latest Trends and Insights of North America Engines Market till 2023

The global North America engines market is projected to reach USD 3.7 billion by 2023, at a CAGR of 4.52% from an estimated USD 2.9 billion in 2018. This growth can be attributed to the demand for reliable and uninterrupted power supply and commercial vessels. The rise in demand for commercial vessels is due to the increase in seaborne trade.

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On the basis of type, the power generation segment is expected to be the largest contributor to the North America engines market during the forecast period

The report segments the North America engines market, by type, into power generation and marine. The power generation segment is expected to hold the largest market share by 2023. Engines used during peak hours are known as peak loads, engine units used for long hours with variable loads are known as prime loads, and the engines used for a shorter duration during power outages are known as standby engines. Prime or continuous power engines are mainly used in oil & gas, marine, and mining operations located at remote places with no grid supply.

On the basis of power rating, the above 700 HP segment is expected to be the largest contributor during the forecast period

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North America engines market, by power rating, is segmented into 0–60 HP, 60–100 HP, 101–300 HP, 301–500 HP, 501–700 HP, and above 700 HP. The above 700 HP segment is expected to dominate the North America engines market by 2023. The engines in this segment are used for power generation and marine propulsion. The major players in this segment include Caterpillar, Cummins, Rolls-Royce, Wärtsilä, John Deere, and others. The need for reliable and uninterrupted power is driving the North America engines market. The above 700 HP segment engines are mainly used for prime & continuous power application by a wide range of end-users located in remote locations.

The US is expected to hold the largest market size in the North America engines market during the forecast period

In this report, the North America engines market has been analyzed with respect to countries, namely, the US and Canada. The US is estimated to be the largest North America engines market from 2018 to 2023. In the US, the electric grid is a complex system connecting several power plants. When the balance of such systems is disturbed, system failures or blackouts can occur. Moreover, aging coal-fired power plants, drop in natural gas prices, and emissions reduction are the key drivers for the gas engines in the region. Major engines players that operate in the region include Caterpillar (US), Cummins (US), John Deere (US), Rolls-Royce (UK), Volvo (Sweden), Wartsila (Finland), Kohler (US), Mitsubishi (Japan), Doosan (South Korea), and MAN (Germany).

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Key questions addressed by the report

  • The report identifies and addresses key markets for North America engines, which would help manufacturers review the growth in demand.
  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
  • The report will help key players understand the strategies of their competitors well and make better strategic decisions.
  • The report addresses the market share analysis of key players in the North America engines market and with the help of this, companies can enhance their revenues in the respective market.
  • The report provides insights into emerging geographies for North America engines and hence the entire market ecosystem can gain competitive advantage from such insights.

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About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
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Suite 430 
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USA : 1-888-600-6441 
sales@marketsandmarkets.com

Electrically Conductive Coating Market is expected to witness a CAGR of more than 8.0% between 2016 and 2021

[112 Pages Report] The global electrically conductive coating market, in terms of value, is projected to reach USD 18.88 Billion by 2021, at a CAGR of 8.0% from 2016 to 2021. In terms of volume, the market is projected to reach 17.6 KT by 2021, at a CAGR of 7.0% during the forecast period. The high demand for electrically conductive coatings for consumer electronics displays in the emerging economies of the Asia-Pacific region and Europe and North America, and the mergers & acquisitions and new product development strategies by different companies, are the key factors driving the global electrically conductive coatings market.

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EPOXY: The most-widely used material for electrically conductive coatings

Epoxy is widely used for electrically conductive coatings due to their favorable durability, mechanical properties and weatherability. These coatings are light in weight and hence used as replacements for metals such as copper in consumer electronics, solar, automotive, aerospace, bioscience, and others. Epoxy is the largest and fastest-growing type of conductive coating used in the global electrically conductive coating market. The growing demand for coating applications that require electrical conductivity using epoxies in various end-use industries such as consumer electronic displays, solar cells, automotive displays/LCDs, aircraft/space shuttle displays/LCDs, X-ray and MRI equipment, and others is expected to drive the electrically conductive coatings market in the near future.

Consumer Electronic Displays: The largest application for electrically conductive coatings

A consumer electronic display is the largest application segment of the global electrically conductive coating market. Electrically conductive coatings are used widely as thin layers of coatings in various end-use industries such as consumer electronic displays, automotive, solar, aerospace, bioscience, and others. In the consumer electronics industry, conductive coatings are used in computers/cell phones/radios/calculators/pagers, LCDs/electronic displays/touch panels, and so on, as thin layers over plastic cases and plastic housings in these products to provide EMI shielding and dissipation of static charge.

Asia-Pacific: The largest market for electrically conductive coatings

The Asia-Pacific region is the largest market in the global Electrically Conductive Coating Market, in terms of value and volume, and this trend is expected to continue till 2021. There is a high growth in demand from countries in this region such as, China, Japan, South Korea, and India, in the use of electrically conductive coatings in the consumer electronic displays industry. This growth is mainly due to the thriving electronics industry, economic growth and increasing population. Globally, India and China are projected to be the fastest-growing markets from 2016 to 2021.

Raw material suppliers to electrically conductive coating manufacturers are mainly categorized into two groups, namely, binder companies and companies supplying filler materials used in the formulation of electrically conductive coatings. Some of the major companies supplying electrically conductive coatings are, The PPG Industries Inc. (U.S.), Henkel AG & Company (Germany), Akzo Nobel N.V. (Netherlands), Axalta Coating Systems (Netherlands), Creative Materials Inc. (U.S).

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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MarketsandMarkets™ INC. 
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Variable Speed Generator Market Forecast to 2022 Featuring Leading Players – ABB, GE, Siemens, Wartsila, Cummins, and Rolls Royce

The reportVariable Speed Generator Market by Type (Permanent Magnet, Doubly Fed Induction, Self-Excitation Induction, Wound Rotor Induction), Prime Mover (Wind, Hydro, Steam & Gas Turbine, Ic Engine), Technology, Power, End-User, Region – Global Forecast to 2022 “ The global variable speed generator market is projected to reach USD 8.36 billion by 2022. The variable speed generator market is expected to grow from an estimated USD 5.79 billion in 2017 to USD 8.36 billion by 2022, registering a CAGR of 7.63% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, increasing government mandates over energy efficiency, and growing industrialization and urbanization.

Browse 69 market data Tables and 36 Figures spread through 154 Pages and in-depth TOC on, “Variable Speed Generator Market – Global Forecast to 2022″

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On the basis of end user, the renewable power generation segment is expected to hold the largest share of the market

The renewable power generation segment dominated the market in 2016 and is projected to grow at the highest CAGR during the forecast period. The most important advantage of variable speed generators in wind power generation is that they allow the turbine to increase or decrease speed as the wind speed varies as the actual power available in the wind increases three times with a single-fold increase in wind speed. Turbines, which operate within a narrow speed range, cannot effectively use wind speeds, causing the generator to exceed the synchronous speed. Therefore, in such cases, the range within which the wind power can be effectively harnessed is reduced. Variable speed generators can be loaded to maximum wind energy conversion over a wide speed range. The wind speed cube law can be used to an advantage by allowing the turbine to achieve maximum power points at various wind speeds, optimizing the turbine-generator efficiency. In concentrated solar power generation (solar thermal), the use of variable speed generators results in achieving greater plant efficiency and an expanded operating range. Above the threshold pressure, a steam turbine can produce sufficient torque to drive the rotor of the variable speed generator, increasing the capacity utilization factor of the solar thermal plant and making the project cost-effective.

The internal combustion engine segment is expected to be the fastest-growing segment of the market

With regards to the prime mover segment, internal combustion engine driven variable speed generators are expected to constitute the fastest growing market from 2017 to 2022. The market is primarily driven by the increasing investments in aerospace, marine, and shipbuilding industry. The implementation of variable speed gensets reduces the operation and maintenance cost of the internal combustion engines. These gensets have 20-30% less fuel consumption and optimal running efficiency at variable load.

Asia Pacific: A leading market for variable speed generators

In this report, the variable speed generator market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East and Africa. Asia Pacific is expected to account for the largest market share of the global variable speed generator market in 2017. Increasing urbanization and industrialization in this region are leading to the higher demand for power. To cater to this demand and meet the energy efficiency mandates, the countries are focusing on power generation through renewable energy sources. Offshore wind forms an integral part of the renewable-based power generation. Moreover, favorable supportive schemes, investments in grid infrastructure to maximize power generation from wind, and foreign direct investment would attract investors to the wind power industry. Hence, increasing consumption of energy followed by an increase in investments in renewable energy, rapid growth of data centers, and growth of IT hubs and commercial sectors such as malls and hospitals are driving the variable speed generator market in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the variable speed generator market. These players include ABB (Switzerland), GE (US), Siemens (Germany), Wartsila (Finland), Cummins (US), and Rolls Royce (UK). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Self-Healing Grid Market New Trends, Market Segmentation, Footprint with Their Financial Condition By 2022.

The self-healing grid market is estimated to grow at a CAGR of 9.07%, from 2017 to 2022, to reach a projected value of USD 2.66 billion by 2022. A self healing grid is a combination of sensors, automated controls, and advanced software that helps in reducing the occurrence of power outages by identifying faults and taking necessary action. A self-healing grid also utilizes real-time distribution data to identify the fault and isolate the fault area, thus, increasing grid reliability. Modernization of aging grid infrastructure is one of the major opportunities for the self-healing grid market.

Browse 72 market data Tables and 31 Figures spread through 120 Pages and in-depth TOC on “Self-Healing Grid Market by Component (Hardware and Software & Services), Application (Transmission and Distribution Lines), End-User (Public and Private Utility), and Region (NA, EU, APAC, Row) – Global Forecast to 2022”

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Asia Pacific is expected to be the fastest-growing market for self-healing grid from 2017 to 2022. The growing focus on modernizing the grid, mostly in China and Japan, along with increasing government initiatives in the deployment of new communication technologies in the grid, has led to a growth in the demand for self-healing grid. China and Japan are expected to be the two largest markets for self-healing grid in the region in 2017. Government support for reliable power supply through minimizing the power outage in both countries will drive the self-healing grid market. Moreover, the market is also expected to grow significantly in countries such as India and South Korea during the forecast period. Factors such as enhancing the ability to optimize the energy allocation in the distribution network and integration of new power generation capacity from renewable energy resources are driving the self-healing grid market in India and South Korea.

Public utility is expected to be the fastest-growing segment of the self-healing grid market from 2017 to 2022, owing to the significant efforts being made by the government to extend the services of public utilities. The grants by the governments will help in modernizing the grid. This will boost the market for self-healing grid. North America and Asia Pacific are the fastest-growing markets for public utility and offer various business opportunities for self-healing grid solution providers in the public utilities segment. Major European companies such as ABB (Switzerland) and Eaton (Ireland) are involved in providing complete self-healing grid solutions. In Asia Pacific, governments are focusing on increasing the contribution of renewable energy sources to meet the domestic electricity demand. This will increase the grid complexity, thereby driving the market of self-healing grid, which helps to minimize the grid complexity.  

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The hardware sub-segment is expected to be the fastest-growing market, by component, from 2017 to 2022. These hardware devices include both sensing as well as communication devices, which are an integral part of the distribution network helping to mitigate the losses occurring from power outage.  The increasing deployment of hardware component in self-healing grid will drive the hardware segment.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Here’s How Distribution Boards Market Look Like Up to 2021

The distribution boards market is projected to reach USD 5.91 billion by 2021, growing at a CAGR of 6.4% during the forecast period. The distribution board plays a crucial role in the power sector across various segments, including power generation, transmission & distribution, and equipment protection. The growing need to protect electrical networks and components, investments in renewable power plants, and increasing construction & infrastructural activities are expected to drive the global distribution boards market.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in the electric distribution boards market including ABB Ltd. (Switzerland), Siemens AG (Germany), General Electric (U.S.), Schneider Electric SE (France), and Eaton Corporation (Ireland). These players are trying to penetrate developing economies and are adopting various methods to increase their market share.

To speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalyst.asp?id=10103490

Scope of the Report:

  • By Voltage Rating
    • Low Voltage
    • Medium Voltage
  • By End-User
    • Transmission & Distribution Utilities
    • Manufacturing & Process Industries
    • Commercial & Residential Infrastructure
    • Others, including Marine, Mining, Offshore, Transportation, and Power Generation
  • By Region
    • Asia-Pacific
    • North America
    • South America
    • Europe
    • Middle East & Africa

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The need to protect electrical devices and network components is expected to drive the demand for power distribution boards during the forecast period. Electricity access is increasing in countries across the world, with the emerging economies of regions such as Asia-Pacific and Africa receiving foreign investments to develop their electricity infrastructure. Most developing countries have started shifting from an agrarian economy to the industrial and service sectors, thereby increasing the rate of urbanization.

The distribution boards market is primarily driven by the growing need to protect electrical networks and components, increasing transmission & distribution activities, power generation capacity additions, growth in the manufacturing and process industries, and rising commercial and residential construction activities.

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Why buy this report?

  1. The report identifies and addresses key markets for distribution boards, and is therefore useful for suppliers and OEMs for reviewing production and distribution plans
  2. The report includes an analysis of key countries, by voltage rating of distribution boards (low voltage and medium voltage). It analyzes historical trends and provides a forecast for 2021, which would assist in strategic decision-making
  3. It presents a competitive landscape of the distribution boards market by analyzing recent market developments such as contracts & agreements, expansions, mergers & acquisitions, and new product launches from key global market players. It helps to understand competitive strategies and plan respective initiatives

About MarketsandMarkets

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
sales@marketsandmarkets.com

Smart Gas Meter Market worth $2.27 Billion by 2021

The smart gas meter market is expected to reach a size of USD 2.27 billion by 2021, at a CAGR of 7.24% from 2016 to 2021. Factors such as government policies & mandates in developed economies and accurate billing & improved customer service are driving the market globally. Residential customers are the largest end-users of smart gas meters, followed by commercial and industrial customers.

The smart gas meter market in this report has been classified based on end-users into three segments, namely, residential, commercial, and industrial. The residential segment accounted for the largest market size, in terms of value, in 2015. The global gas pipeline network construction in the residential segment accounted for 1,054 kms (approx.) in the past 5 years with another 100 kms expected to be constructed in next 2-3 years, which would boost the smart gas meter market.

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The AMR segment would dominate the global smart gas meter market by 2021

The AMR segment is estimated to be the largest market for smart gas meters in 2016. Popular in North America and Europe, this metering infrastructure is increasingly being implemented in other regions as well; it was developed initially and is less expensive than AMI, and hence, has the largest market size. However, the AMI market is projected to grow at the highest rate because of its advanced technology. Moreover, AMI reduces labor cost, and several gas utilities worldwide are replacing AMR with AMI infrastructure, further creating growth opportunities for the AMI market.

North America: the dominant market for smart gas meters

North America dominates the smart gas meter market, and Europe is expected to grow at the highest rate during the forecast period. In North America, the growth of the smart gas meter market could be attributed to factors such as investments in smart grid and gas pipeline networks. Meanwhile, several smart gas meter rollouts are taking place in countries such as the U.K., Spain, and France. This, coupled with the EU’s (European Union) plans regarding carbon emission reductions, would drive growth in the European region.

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Some of the leading players in the smart gas meter market includes Itron, Inc. (U.S.), Honeywell International, Inc. (U.S.), Apator Group (Poland), Landis+Gyr (Switzerland), Diehl Metering (U.K.), Sensus (U.S.), EDMI Limited (Singapore), Chongqing Shancheng Gas Equipment Co., Ltd. (China), Dandong Dongfa Group (China), Raychem RPG (India), and Master Meter (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: newsletter@marketsandmarkets.com

Electric Traction Motor Market 2018 | Analysis by Industry Trends, Size, Share, Company Overview, Growth, Development and Forecast by 2023

The electric traction motor market is expected to grow from an estimated USD 12.41 Billion in 2018 to USD 28.51 Billion by 2023, at a CAGR of 18.10% during the forecast period. The market is set to witness significant growth due to the rising demand from railway sector and the increased demand for energy efficient motors. Moreover, the rising demand of electric vehicles offers promising business opportunity in the electric traction motor market.

Browse 61 market data Tables and 38 Figures spread through 129 Pages and in-depth TOC on “Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region – Global Forecast to 2023”

https://www.marketsandmarkets.com/Market-Reports/electric-traction-motor-market-248269129.html

AC segment is expected to be the largest electric traction motor market segment, by type, in 2018.

The AC segment is expected to be the largest segment of the electric traction motor market, by type, in 2018. AC electric traction motors are widely used in the electric vehicles and railway application to provide propulsion and higher torque. Advantages of AC motor, such as less maintenance compared to DC motor, better speed acceleration, and higher efficiency are the key drivers for the growth of the AC electric traction motor market.

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The <200 kW segment accounts for the largest share of the electric traction motor market, by power rating, during the forecast period.

The <200 kW segment is expected to be the largest, by power rating, from 2018 to 2023. The factors driving the market for electric traction motors with a rated power <200 kW include vast implementation of these motors in electric vehicles and light rail vehicles such as trams, monorail, trolley lines, and street cars.

Asia Pacific: The largest electric traction motor market during the forecast period.

In this report, the electric traction motor market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is the largest electric traction motor market, by region, during the forecast period. Rising urbanization and proliferation of electrification, demand from the railway sector, and supportive government plans are expected to drive the market for electric traction motor in this region. China, India, and Japan are the leading countries contributing to the growth of the electric traction motor market in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electric traction motor market, such as CRRC (China), Alstom (France), TSA (Austria), Siemens (Germany), ABB (Switzerland), and Bosch (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

MV Protection Relay Market 2018-2023 | Market Data, Industry Analysis, Size, & Share

The report MV Protection Relay Market by Type (Electromechanical & Static Relay, Digital & Numerical Relay), Connected Load (Feeder Lines, Transformers, and Motors), End-User (Utilities, Industrial, and Commercial & Institutional) & Region – Global Forecast to 2023″, The MV protection relay market is expected to grow from an estimated USD 860 million in 2018 to USD 1,115 Million by 2023, at a CAGR of 5.33%. Expansion of transmission & distribution (T&D) networks and growth of the renewable sector are likely to drive the MV protection relay market.

Browse 70 market data Tables and 42 Figures spread through 135 Pages and in-depth TOC on “MV Protection Relay Market – Global Forecast to 2023”


The digital & numerical relay segment is expected to hold the largest share of the MV protection relay market, by type, during the forecast period.

The digital & numerical relay segment led the MV protection relay market in 2017 and is projected to have the largest market share during the forecast period. Digital & numerical relay provides various benefits over electromechanical and static relay such as functional flexibility, reliability, self-checking and self-adaptability, ability to communicate with other digital equipment (peer-to-peer), accuracy in providing fault data and disturbance record. Moreover, increasing modernization of substations in the developed nations to ensure uninterrupted power supply with minimum losses would drive the digital & numerical relay market during the forecast period.

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The feeder line segment of the MV protection relay market, by connected load, is expected to grow at the highest CAGR during the forecast period

The feeder line segment led the MV protection relay market in 2017 and is one of the fastest growing market during the forecast period. Increasing distribution lines across the globe is expected to boost the feeder line market during the forecast period. This will create a demand for MV protection relays.  As per International Energy Agency (IEA), Asia Pacific is likely to add 2,911 GW of power capacity from 2014 to 2035 with 14,400 thousand km of new distribution line from 2014 to 2035. Thus, it would boost the growth of MV protection relay market during the forecast period.

Asia Pacific: The leading market for MV protection relays

In this report, the MV protection relay market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and the Middle East & Africa. Asia Pacific led the global MV protection relay market in 2017. China and India are the largest markets for MV protection relay in the region. Increasing T&D network expansion and industrialization projects are some of the key factors responsible for the growth of the medium voltage protection relay . According to the Asian Development Bank, an investment of USD 8.22 trillion is required for infrastructure development in the region during the 10-year period of 2010–2020. Thus, create a demand for MV protection relay market during the forecast period.

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This research report categorizes the MV protection relay market based on type, connected load, end-user, and region

On the basis of type, the MV protection relay market has been segmented as follows:

  • Electromechanical & Static Relay
  • Digital & Numerical Relay

On the basis of connected load, the MV protection relay market has been segmented as follows:

  • Feeder Line
  • Transformer
  • Motor
  • Others

On the basis of by end-user, the MV protection relay market has been segmented as follows:

  • Utilities
  • Industrial
  • Commercial & Institutional

On the basis of by region, the MV protection relay market has been segmented as follows:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=203382188

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the MV protection relay market. The key players include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US). The leading players are adopting various strategies to increase their shares in the MV protection relay market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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