Protective Relays Market - Market Research Report, 2014 - 2020

Albany, NY -- (SBWIRE) -- 07/06/2015 -- With increasing complexity of electrical circuit design in the power market, circuit protection also remains a major concern for the project developers. Protective relays form an integral part of the circuit protection system enabling safe operation of an electrical circuit. These systems are designed to register over-voltage, over-current, over- and under-frequency and reverse power flow to avoid any major accidents. The protective relay systems are paired with circuit breakers which are activated by the relays when any fault is detected in the electrical circuit. These systems are also utilized to trace the location of the disturbance and prompt the switching device to remove the faulty element from the circuit. The market for protective relays is anticipated to grow at a substantial rate owing to the increasing demand for protection devices in the power market. Developing economies are projected to be the major consumers of protective relay systems.