Digital Protective Relay Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is poised to dominate majority revenue share by 2037, owing to presence of large manufacturing hubs and densely populated regions which require stable electricity throughout the day. Another factors evaluated to drive growth to the market in this region is rising focus on substation automation under IEC 61850 standard along with developed grid infrastructure activities, and increasing demand for improved energy solutions. Surging infrastructural developments in countries such as India and China are further expected to provide lucrative opportunities to key players in the region in the near future.
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Frequently Asked Questions (FAQ)
Digital Protective Relay Market size is projected to grow at substantial growth rate during the forecast period i.e., between 2025-2037.
Increased focus on substation automation and transmission infrastructure development and user-friendliness of digital relays will propel the market growth.
Asia Pacific industry is poised to dominate majority revenue share by 2037, owing to presence of large manufacturing hubs and densely populated regions which require stable electricity throughout the day.
The major players in the market are Siemens company, ABB Ltd, Schneider Electric, General Electric, Nissin Electric Co., Ltd., and others.
