Global Study Finds Continuing Moderate Growth in Protective Relay Market with Commitment to Improving Protection Coordination and Grid Security Practices
Role of Synchrophasors and Teleprotection Continues to Expand; Provides Better Situational Awareness and Visualization for Control System Operators
Newton-Evans Research Company has completed a six-month research study and survey of protective relay usage patterns in the world community of electric power utilities. Findings from 114 large and md-size utilities in 28 countries point to some newer trends in adoption and use of protection and control technology.
Among the key findings reported in the four-volume study are these:
- Most new and retrofit relay units being purchased are digital relays, but in some of the protection applications studied, such as motor protection and large generator applications, and in installations where electrical interference is strong, electromechanical and older solid state relays continue to have a niche market position.
- The annual world market for protective relays and related power systems protection devices continues to grow at a moderate pace that exceeds many other categories of electric utility investments for grid modernization.
- Manufacturers of protective relays continue to expand their market coverage, with more than 20 firms each enjoying at least some share of the global market.
- Real-time analysis of synchrophasor data is becoming a major application for the emerging field of operational analytics.
- Communications protocol usage patterns continue to serve as a key differentiator between large and mid-size North American electric utilities and their international counterparts, as shown in the accompanying chart.
The 2016 Newton-Evans survey of electric utilities includes more than 20 detailed product functionality topics, related technical questions, and market-related issues, together incorporating more than 250 data points of information from each of the participating utilities.
Further information on the research series The World Market for Protective Relays in Electric Utilities: 2016-2018 is available from Newton-Evans Research Company, 10176 Baltimore National Pike, Suite 204, Ellicott City, Maryland 21042. Phone: 410-465-7316 Email: info@newton-evans.com or visit our website for additional information:
http://www.newton-evans.com/relaymarketplacestudy2016-2018
summary reviews and highlights from completed studies
