A four-volume Newton-Evans study conducted in 2016 of the worldwide protective relay marketplace showed a steady increase in factory shipments of protective relays between 1996-2016. If this pattern continues, relay shipments could exceed $700 million by the end of this year.
Overall, average annual growth rates (4-6%) for protective relays continued to outpace the low level increases experienced by most other T&D infrastructure and grid modernization categories (i.e. 2-3%). The outlook for shipments of protective relays over 2016-2018, based on survey data and manufacturer discussions, turned out to be positive.
In a private-client Newton-Evans survey conducted in the summer of 2016, it was clear that within the North American market alone there remained hundreds of thousands of older electromechanical relays and relay-centric devices in service in utility, industrial and commercial electric power delivery operations. Such units were embedded in or integral to the operation of motors, generators, switchgear and circuit breakers among other devices. As these installed units age in place, upgrades to (and replacement with) digital relays will form a substantial portion of P&C industry growth.
Nonetheless, the 2016 study found that there remained a small electromechanical share of the overall protective relay market that will continue for some years – for as long as such units continue to be manufactured. Worldwide, $90-$110 million of electromechanical relay units are shipped annually.
“The Worldwide Study of the Protective Relay Marketplace in Electric Utilities: 2016-2018” is a 4-volume market research report series. Each volume may be purchased individually, or all 4 volumes can be obtained for a discounted price.
https://www.newton-evans.com/product/the-worldwide-study-of-the-protective-relay-marketplace-in-electric-utilitie-2016-2018-complete-set/
This study is also available as part of a Newton-Evans flagship report bundle that includes:
1) The World Market for Substation Automation and Integration Programs in Electric Utilities: 2017-2020 Complete Set
2) The World Market Study of SCADA, EMS, DMS and OMS in Electric Utilities: 2017-2019 Complete Set
All 3 of our flagship studies on electric power T&D automation – twelve report volumes comprising hundreds of charts, tables and market data – in one bundle or package – for $9,700.
https://www.newton-evans.com/product/all-3-newton-evans-flagship-studies/
Contact the Newton-Evans staff for additional information, report samples and pricing information:
info@newton-evans.com
410-465-7316
summary reviews and highlights from completed studies
