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Global Current Monitoring Relays Market by Type (Under-Current Detection, Over-Current Detection), By Application (Industrial Use, Commercial Use, Residential Use, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: EP-3889
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 92
  • No. Of Pages: 211
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  • Pub. Date: 2021-03-01
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The Global Current Monitoring Relays Market size is projected to grow at a CAGR of 3.5% during the forecast period, to reach USD X.XX billion by 2028 from USD 1.59 billion in 2018. The increasing demand for energy efficiency and power quality are driving this growth globally.



A current monitoring relay is a type of electrical protection device that's used to detect and isolate faults in an electrical system. They're typically used in industrial, commercial, and residential settings to protect equipment from damage or injury. The features of current monitoring relays vary depending on the type. However, most current monitoring relays have the ability to detect both under-current and over-current conditions. Additionally, they often have a wide range of adjustable settings that allow users to customize their relay's performance according to their specific needs. Current monitoring relays are also typically very durable and can withstand a great deal of wear and tear.



On the basis of Type, the global current monitoring relays market is segmented into Under-Current Detection, Over-Current Detection.



Under-Current Detection:

Under-Current Detection is a type of current monitoring relay that detects when the current flowing through a circuit falls below a certain set point. This type of relay can be used to protect equipment from damage caused by an unexpected drop in current flow. Under-Current Detection relays are commonly used in industrial applications, where a sudden drop in current can indicate a problem with the equipment. The use of Under-Current Detection relays can help to prevent damage to equipment and ensure that the circuit does not overload.



Over-Current Detection:

Over-current detection relays are designed to protect a circuit from over-voltage, under-voltage, and short circuits. Over-current detection relays are used to monitor small currents that may cause damage or malfunction. Over-current relays protect switches, motors, and cables from overload conditions such as short circuits and faulty connections by de-energizing (or tripping) the circuit when it detects an over-current condition.



On the basis of Application, the global current monitoring relays market is segmented into Industrial Use, Commercial Use, Residential Use, and Others.



On the basis of Region, the global current monitoring relays market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global current monitoring relays market in 2021. The growth of the market in this region can be attributed to the increasing demand for current monitoring relays from various industrial sectors such as automotive, aerospace, and defense. Asia Pacific is projected to grow at the highest CAGR during the forecast period. The growth of the market in this region can be attributed to a large number of industries and increasing demand for current monitoring relays from manufacturers. The market for current monitoring relays in Europe is competitive with the presence of many players operating in this space. Some of the major companies are Eaton Corporation, Schneider Electric SE, General electric company, EATON ELECTRIC S.A., ABB Ltd., WEG S.R.L. and others



Growth Factors For The Global Current Monitoring Relays Market:

The growth of the global current monitoring relays market is also influenced by the increasing demand for smart buildings and smart cities. Smart buildings are equipped with various sensors and controllers to manage energy consumption, optimize space utilization, and improve security. The use of current monitoring relays in these applications helps in detecting faults and abnormalities early, which averts potential damages and minimizes the repair costs.



Up Market Research published a new report titled “Current Monitoring Relays Market research report which is segmented by Types (Under-Current Detection, Over-Current Detection), By Applications (Industrial Use, Commercial Use, Residential Use, Others), By Players/Companies ABB, Eaton, Schneider Electric, OMRON, ELKO EP, Crouzet, PHOENIX CONTACT, Lovato Electric”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Current Monitoring Relays Market Research Report
By Type Under-Current Detection, Over-Current Detection
By Application Industrial Use, Commercial Use, Residential Use, Others
By Companies ABB, Eaton, Schneider Electric, OMRON, ELKO EP, Crouzet, PHOENIX CONTACT, Lovato Electric
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 211
Number of Tables & Figures 148
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Current Monitoring Relays Industry Outlook
 

Global Current Monitoring Relays Market Report Segments:

The market is segmented by Type Under-Current Detection, Over-Current Detection and By Application Industrial Use, Commercial Use, Residential Use, Others.

 

Some of the companies that are profiled in this report are:

  1. ABB
  2. Eaton
  3. Schneider Electric
  4. OMRON
  5. ELKO EP
  6. Crouzet
  7. PHOENIX CONTACT
  8. Lovato Electric
 

Current Monitoring Relays Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Current Monitoring Relays Market
 

Overview of the regional outlook of the Current Monitoring Relays Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Current Monitoring Relays Market Overview
 

Highlights of The Current Monitoring Relays Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Current Monitoring Relays Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Under-Current Detection

                2. Over-Current Detection

       7. By Application:

                1. Industrial Use

                2. Commercial Use

                3. Residential Use

                4. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Current Monitoring Relays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

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  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Current Monitoring Relays Market Statistics
 

Reasons to Purchase the Current Monitoring Relays Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Current Monitoring Relays Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Current Monitoring Relays Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Current Monitoring Relays Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Current Monitoring Relays Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Current Monitoring Relays Market Size & Forecast, 2018-2028 
      4.5.1 Current Monitoring Relays Market Size and Y-o-Y Growth 
      4.5.2 Current Monitoring Relays Market Absolute $ Opportunity 


Chapter 5 Global Current Monitoring Relays Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Current Monitoring Relays Market Size Forecast by Type
      5.2.1 Under-Current Detection
      5.2.2 Over-Current Detection
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Current Monitoring Relays Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Current Monitoring Relays Market Size Forecast by Applications
      6.2.1 Industrial Use
      6.2.2 Commercial Use
      6.2.3 Residential Use
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Current Monitoring Relays Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Current Monitoring Relays Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Current Monitoring Relays Analysis and Forecast
   9.1 Introduction
   9.2 North America Current Monitoring Relays Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Current Monitoring Relays Market Size Forecast by Type
      9.6.1 Under-Current Detection
      9.6.2 Over-Current Detection
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Current Monitoring Relays Market Size Forecast by Applications
      9.10.1 Industrial Use
      9.10.2 Commercial Use
      9.10.3 Residential Use
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Current Monitoring Relays Analysis and Forecast
   10.1 Introduction
   10.2 Europe Current Monitoring Relays Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Current Monitoring Relays Market Size Forecast by Type
      10.6.1 Under-Current Detection
      10.6.2 Over-Current Detection
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Current Monitoring Relays Market Size Forecast by Applications
      10.10.1 Industrial Use
      10.10.2 Commercial Use
      10.10.3 Residential Use
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Current Monitoring Relays Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Current Monitoring Relays Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Current Monitoring Relays Market Size Forecast by Type
      11.6.1 Under-Current Detection
      11.6.2 Over-Current Detection
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Current Monitoring Relays Market Size Forecast by Applications
      11.10.1 Industrial Use
      11.10.2 Commercial Use
      11.10.3 Residential Use
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Current Monitoring Relays Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Current Monitoring Relays Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Current Monitoring Relays Market Size Forecast by Type
      12.6.1 Under-Current Detection
      12.6.2 Over-Current Detection
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Current Monitoring Relays Market Size Forecast by Applications
      12.10.1 Industrial Use
      12.10.2 Commercial Use
      12.10.3 Residential Use
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Current Monitoring Relays Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Current Monitoring Relays Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Current Monitoring Relays Market Size Forecast by Type
      13.6.1 Under-Current Detection
      13.6.2 Over-Current Detection
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Current Monitoring Relays Market Size Forecast by Applications
      13.10.1 Industrial Use
      13.10.2 Commercial Use
      13.10.3 Residential Use
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Current Monitoring Relays Market: Competitive Dashboard
   14.2 Global Current Monitoring Relays Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 ABB
      14.3.2 Eaton
      14.3.3 Schneider Electric
      14.3.4 OMRON
      14.3.5 ELKO EP
      14.3.6 Crouzet
      14.3.7 PHOENIX CONTACT
      14.3.8 Lovato Electric
Segments Covered in the Report
The global Current Monitoring Relays market has been segmented based on

By Types
  • Under-Current Detection
  • Over-Current Detection
By Applications
  • Industrial Use
  • Commercial Use
  • Residential Use
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • ABB
  • Eaton
  • Schneider Electric
  • OMRON
  • ELKO EP
  • Crouzet
  • PHOENIX CONTACT
  • Lovato Electric

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