GCC Protective Relay Market Analysis By Voltage (Low, Medium, High), By Application (Feeder Protection, Generator Protection, Bus-Bar Protection, Capacitor Bank Protection, Breaker Protection, Transformer Protection), By End-Use (Infrastructure, Industrial, Government, Power) And Segment Forecasts To 2024

Published: Oct, 2016 | Pages: 130 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The GCC protective relay market is expected to reach USD 377.4 million by 2024, according to a new report by Grand View Research, Inc. Escalating investments in the transmission & distribution infrastructure to substitute the aging equipment is a key factor instigating the protective relay demand in the power systems. The increasing complexity of electrical circuits has made it unavoidable to use protective devices for the safe & secure operation. The increasing electricity generation capacity to fulfill the growing population's electricity needs is anticipated to remain as a chief factor driving the market growth. However, the cost associated with the installation & maintenance of protective relays is projected to challenge the market over the forecast period.

The GCC protective relay market is expected to gain prominence over the forecast period owing to the population growth coupled with the increasing domestic power consumption in Saudi Arabia. Furthermore, upcoming events, such as 2022 FIFA World Cup, would further lead to increased investments in the infrastructure development, thereby spurring the electricity demand in GCC. This would subsequently elevate the need for protective relays to safeguard the power systems in this region.

Further key findings from the report suggest:

The medium voltage segment accounted for over 35% of the overall revenue in 2015 and is expected to witness a rapid growth at a CAGR of over 6.3% from 2016 to 2024. This is due to their usage in the protection of buildings such as houses, hospitals, shopping malls, and warehouses, which supply medium voltage power.

The growth in the feeder protection application segment can be primarily attributed to the surging need to protect overhead cables and lines utilized for the electricity transmission. The segment is estimated to witness a growth exceeding the CAGR of 5.5% from 2016 to 2024.

The power sector is projected to witness a significant growth over the forecast period owing to the integration of relays to ensure safety and security of equipment and personnel at the power stations. The segment captured a sizeable market share in 2015 accounting for over 40% of the overall revenue share in the same year.

Saudi Arabia accounted for more than 40% of the overall share in 2015. However, UAE is estimated to exhibit the high growth over the next few years owing to the surging industrial, infrastructure, and power projects in this country.

The key market participants include Siemens, ABB, GE-Alstom, and Schneider. Industry participants strive to undertake product differentiation and technological advancements so as to gain a competitive edge in the market.

 Table of Contents

Chapter 1 Methodology and Scope
                    1.1 Research Methodology
                    1.2 Research Scope & Assumptions
                    1.3 List of Data Sources

Chapter 2 Executive Summary

Chapter 3 Market Summary

Chapter 4 Market Variables, Trends & Scope
                    4.1 Market Segmentation & Scope
                        4.1.1 Market definitions
                    4.2 GCC Protective Relay - Market Size and Growth Prospects
                    4.3 GCC Protective Relay - Value Chain Analysis
                    4.4 GCC Protective Relay - Market Dynamics
                        4.4.1 Market driver analysis
                             4.4.1.1 Growing investment in the transmission and distribution infrastructure
                             4.4.1.2 Escalating demand for protection devices in the power industry
                             4.4.1.3 Surging power generation capacity in GCC
                        4.4.2 Market challenge/restraint analysis
                             4.4.2.1 High installation and maintenance costs
                        4.4.3 Market opportunity analysis
                             4.4.3.1 Ongoing smart grid and substation automation projects
                    4.5 GCC Protective Relay - Penetration & Growth Prospect Mapping
                    4.6 GCC Protective Relay - Porter's Five Forces Analysis
                    4.7 GCC Protective Relay - Company Market Share Analysis, 2015
                    4.8 GCC Protective Relay - PESTEL Analysis
                    4.9 Demand & Supply Landscape, 2015
                    4.10 Pricing Trend Analysis, 2015

Chapter 5 Market Categorization 1 Voltage Estimates & Trend Analysis
                    5.1 GCC Protective Relay Market Share by Voltage, 2015 & 2024
                        5.1.1 Low voltage
                        5.1.2 Medium voltage
                        5.1.3 High voltage

Chapter 6 Market Categorization 2 Application Estimates & Trend Analysis
                    6.1 GCC Protective Relay Market Share by Application, 2015 & 2024
                        6.1.1 Feeder protection
                        6.1.2 Generator protection
                        6.1.3 Bus-bar protection
                        6.1.4 Capacitor bank protection
                        6.1.5 Breaker protection
                        6.1.6 Transformer protection
                        6.1.7 Other protection

Chapter 7 Market Categorization 3 End-Use Estimates & Trend Analysis
                    7.1 GCC Protective Relay Market Share by End-use, 2015 & 2024
                        7.1.1 Infrastructure
                        7.1.2 Industrial
                        7.1.3 Government
                        7.1.4 Power
                        7.1.5 Others

Chapter 8 Market Categorization 4 Regional Estimates & Trend Analysis
                    8.1 GCC Protective Relay Market Share by Country, 2015 & 2024
                        8.1.1 Saudi Arabia
                        8.1.2 United Arab Emirates (UAE)
                        8.1.3 Bahrain
                        8.1.4 Kuwait
                        8.1.5 Qatar
                        8.1.6 Oman

Chapter 9 Competitive Landscape
                    9.1 ABB Ltd.
                        9.1.1 Company Overview
                        9.1.2 Financial Performance
                        9.1.3 Product Benchmarking
                        9.1.4 Strategic Developments
                    9.2 Doble Engineering Company
                        9.2.1 Company Overview
                        9.2.2 Financial Performance
                        9.2.3 Product Benchmarking
                        9.2.4 Strategic Developments
                    9.3 Eaton Corporation Plc
                        9.3.1 Company Overview
                        9.3.2 Financial Performance
                        9.3.3 Product Benchmarking
                        9.3.4 Strategic Developments
                    9.4 Fanox Electronics
                        9.4.1 Company Overview
                        9.4.2 Financial Performance
                        9.4.3 Product Benchmarking
                        9.4.4 Strategic Developments
                    9.5 General Electric
                        9.5.1 Company Overview
                        9.5.2 Financial Performance
                        9.5.3 Product Benchmarking
                        9.5.4 Strategic Developments
                    9.6 Mitsubishi Electric Corp.
                        9.6.1 Company Overview
                        9.6.2 Financial Performance
                        9.6.3 Product Benchmarking
                        9.6.4 Strategic Developments
                    9.7 NR Electric
                        9.7.1 Company Overview
                        9.7.2 Financial Performance
                        9.7.3 Product Benchmarking
                        9.7.4 Strategic Developments
                    9.8 Schneider Electric
                        9.8.1 Company Overview
                        9.8.2 Financial Performance
                        9.8.3 Product Benchmarking
                        9.8.4 Strategic Developments
                    9.9 Siemens AG
                        9.9.1 Company Overview
                        9.9.2 Financial Performance
                        9.9.3 Product Benchmarking
                        9.9.4 Strategic Developments
                    9.10 The International Electrical Products Company (TIEPCO)
                        9.10.1 Company Overview
                        9.10.2 Financial Performance
                        9.10.3 Product Benchmarking
                        9.10.4 Strategic Developments
                    9.11 THYEAST Protection Relays Co.
                        9.11.1 Company Overview
                        9.11.2 Financial Performance
                        9.11.3 Product Benchmarking
                        9.11.4 Strategic Developments
                    9.12 Toshiba Corporation
                        9.12.1 Company Overview
                        9.12.2 Financial Performance
                        9.12.3 Product Benchmarking
                        9.12.4 Strategic Developments

List of Tables

TABLE 1 GCC protective relay market, by voltage, 2010 - 2015 (USD Million)
TABLE 2 GCC protective relay market, by voltage, 2016 - 2024 (USD Million)
TABLE 3 GCC protective relay market, by application, 2010 - 2015 (USD Million)
TABLE 4 GCC protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 5 GCC protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 6 GCC protective relay market, by end-use, 2016 - 2024 (USD Million)
TABLE 7 GCC protective relay market, by country, 2010 - 2015 (USD Million)
TABLE 8 GCC protective relay market, by country, 2016 - 2024 (USD Million)
TABLE 9 Low voltage protective relay market, 2010 - 2015 (USD Million)
TABLE 10 Low voltage protective relay market, 2016 - 2024 (USD Million)
TABLE 11 Low voltage protective relay market by country, 2010 - 2015 (USD Million)
TABLE 12 Low voltage protective relay market by country, 2016 - 2024 (USD Million)
TABLE 13 Medium voltage protective relay market, 2010 - 2015 (USD Million)
TABLE 14 Medium voltage protective relay market, 2016 - 2024 (USD Million)
TABLE 15 Medium voltage protective relay market by country, 2010 - 2015 (USD Million)
TABLE 16 Medium voltage protective relay market by country, 2016 - 2024 (USD Million)
TABLE 17 High voltage protective relay market, 2010 - 2015 (USD Million)
TABLE 18 High voltage protective relay market, 2016 - 2024 (USD Million)
TABLE 19 High voltage protective relay market by country, 2010 - 2015 (USD Million)
TABLE 20 High voltage protective relay market by country, 2016 - 2024 (USD Million)
TABLE 21 Feeder protection market, 2010 - 2015 (USD Million)
TABLE 22 Feeder protection market, 2016 - 2024 (USD Million)
TABLE 23 Feeder protection market by country, 2010 - 2015 (USD Million)
TABLE 24 Feeder protection market by country, 2016 - 2024 (USD Million)
TABLE 25 Generator protection market, 2010 - 2015 (USD Million)
TABLE 26 Generator protection market, 2016 - 2024 (USD Million)
TABLE 27 Generator protection market by country, 2010 - 2015 (USD Million)
TABLE 28 Generator protection market by country, 2016 - 2024 (USD Million)
TABLE 29 Bus-bar protection market, 2010 - 2015 (USD Million)
TABLE 30 Bus-bar protection market, 2016 - 2024 (USD Million)
TABLE 31 Bus-bar protection market by country, 2010 - 2015 (USD Million)
TABLE 32 Bus-bar protection market by country, 2016 - 2024 (USD Million)
TABLE 33 Capacitor bank protection market, 2010 - 2015 (USD Million)
TABLE 34 Capacitor bank protection market, 2016 - 2024 (USD Million)
TABLE 35 Capacitor bank protection market by country, 2010 - 2015 (USD Million)
TABLE 36 Capacitor bank protection market by country, 2016 - 2024 (USD Million)
TABLE 37 Breaker protection market, 2010 - 2015 (USD Million)
TABLE 38 Breaker protection market, 2016 - 2024 (USD Million)
TABLE 39 Breaker protection market by country, 2010 - 2015 (USD Million)
TABLE 40 Breaker protection market by country, 2016 - 2024 (USD Million)
TABLE 41 Transformer protection market, 2010 - 2015 (USD Million)
TABLE 42 Transformer protection market, 2016 - 2024 (USD Million)
TABLE 43 Transformer protection market by country, 2010 - 2015 (USD Million)
TABLE 44 Transformer protection market by country, 2016 - 2024 (USD Million)
TABLE 45 Other protection market, 2010 - 2015 (USD Million)
TABLE 46 Other protection market, 2016 - 2024 (USD Million)
TABLE 47 Other protection market by country, 2010 - 2015 (USD Million)
TABLE 48 Other protection market by country, 2016 - 2024 (USD Million)
TABLE 49 Protective relay demand in infrastructure, 2010 - 2015 (USD Million)
TABLE 50 Protective relay demand in infrastructure, 2016 - 2024 (USD Million)
TABLE 51 Protective relay demand in infrastructure by country, 2010 - 2015 (USD Million)
TABLE 52 Protective relay demand in infrastructure by country, 2016 - 2024 (USD Million)
TABLE 53 Protective relay demand in industrial sector, 2010 - 2015 (USD Million)
TABLE 54 Protective relay demand in industrial sector, 2016 - 2024 (USD Million)
TABLE 55 Protective relay demand in industrial sector by country, 2010 - 2015 (USD Million)
TABLE 56 Protective relay demand in industrial sector by country, 2016 - 2024 (USD Million)
TABLE 57 Protective relay demand in government sector, 2010 - 2015 (USD Million)
TABLE 58 Protective relay demand in government sector, 2016 - 2024 (USD Million)
TABLE 59 Protective relay demand in government sector by country, 2010 - 2015 (USD Million)
TABLE 60 Protective relay demand in government sector by country, 2016 - 2024 (USD Million)
TABLE 61 Protective relay demand in power industry, 2010 - 2015 (USD Million)
TABLE 62 Protective relay demand in power industry, 2016 - 2024 (USD Million)
TABLE 63 Protective relay demand in power industry by country, 2010 - 2015 (USD Million)
TABLE 64 Protective relay demand in power industry by country, 2016 - 2024 (USD Million)
TABLE 65 Protective relay demand in other end-use segment, 2010 - 2015 (USD Million)
TABLE 66 Protective relay demand in other end-use segment, 2016 - 2024 (USD Million)
TABLE 67 Protective relay demand in other end-use segment by country, 2010 - 2015 (USD Million)
TABLE 68 Protective relay demand in other end-use segment by country, 2016 - 2024 (USD Million)
TABLE 69 Saudi Arabia protective relay market by voltage, 2010 - 2015 (USD Million)
TABLE 70 Saudi Arabia protective relay market by voltage, 2016 - 2024 (USD Million)
TABLE 71 Saudi Arabia protective relay market, by application, 2010 - 2024 (USD Million)
TABLE 72 Saudi Arabia protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 73 Saudi Arabia protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 74 Saudi Arabia protective relay market, by end-use, 2016 - 2024 (USD Million)
TABLE 75 UAE protective relay market by voltage, 2010 - 2015 (USD Million)
TABLE 76 UAE protective relay market by voltage, 2016 - 2024 (USD Million)
TABLE 77 UAE protective relay market, by application, 2010 - 2024 (USD Million)
TABLE 78 UAE protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 79 UAE protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 80 UAE protective relay market, by end-use, 2016 - 2024 (USD Million)
TABLE 81 Bahrain protective relay market by voltage, 2010 - 2015 (USD Million)
TABLE 82 Bahrain protective relay market by voltage, 2016 - 2024 (USD Million)
TABLE 83 Bahrain protective relay market, by application, 2010 - 2024 (USD Million)
TABLE 84 Bahrain protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 85 Bahrain protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 86 Bahrain protective relay market, by end-use, 2016 - 2024 (USD Million)
TABLE 87 Kuwait protective relay market by voltage, 2010 - 2015 (USD Million)
TABLE 88 Kuwait protective relay market by voltage, 2016 - 2024 (USD Million)
TABLE 89 Kuwait protective relay market, by application, 2010 - 2024 (USD Million)
TABLE 90 Kuwait protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 91 Kuwait protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 92 Kuwait protective relay market, by end-use, 2016 - 2024 (USD Million)
TABLE 93 Qatar protective relay market by voltage, 2010 - 2015 (USD Million)
TABLE 94 Qatar protective relay market by voltage, 2016 - 2024 (USD Million)
TABLE 95 Qatar protective relay market, by application, 2010 - 2024 (USD Million)
TABLE 96 Qatar protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 97 Qatar protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 98 Qatar protective relay market, by end-use, 2016 - 2024 (USD Million)
TABLE 99 Oman protective relay market by voltage, 2010 - 2015 (USD Million)
TABLE 100 Oman protective relay market by voltage, 2016 - 2024 (USD Million)
TABLE 101 Oman protective relay market, by application, 2010 - 2024 (USD Million)
TABLE 102 Oman protective relay market, by application, 2016 - 2024 (USD Million)
TABLE 103 Oman protective relay market, by end-use, 2010 - 2015 (USD Million)
TABLE 104 Oman protective relay market, by end-use, 2016 - 2024 (USD Million)