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
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 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:
- ABB
- Eaton
- Schneider Electric
- OMRON
- ELKO EP
- Crouzet
- PHOENIX CONTACT
- 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.
Highlights of The Current Monitoring Relays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Current Monitoring Relays Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Under-Current Detection
2. Over-Current Detection
7. By Application:1. Industrial Use
2. Commercial Use
3. Residential Use
4. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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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 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