Global Three Phase Current 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 Three-Phase Current Relays Market size is expected to reach USD 1.2 billion by 2028, growing at a CAGR of 5.7% during the forecast period (2021–2028). The major factors driving this growth are the high demand from industrial and commercial applications, coupled with an increasing need for safety and protection in residential buildings due to increased power fluctuations.
Three-phase current relays (TPCLs) are contactors that detect and operate in response to three-phase faults or overloads. TPC has two sets of contacts, one set for overcurrent protection and the other for undercurrent detection. When a fault is detected by an associated circuit breaker, it trips open before any damage can occur on the line side equipment due to overcurrent conditions. The main types of TPCLs are single-phase current relays (SPCR), cutout type TPCRs, auxiliary type TPCR's with and without auxiliary switchgear enclosure as well as four-wire load break detectors (FWLBD).
On the basis of Types, the market is segmented into Undercurrent detection and Over-current detection.
Undercurrent detection:
Undercurrent detection is a type of three-phase current relay that can be used to detect the magnitude and direction of an electric current. This relay has two input terminals connected in series with the line, one for measurement voltage or potential difference between each phase and ground respectively; it also includes a control electrode, normally open contact located at DC side of power supply that pierces undercurrent when turned on. The device detects any out-of-balance currents through measuring voltages across the phases or from sensing unbalanced electromagnetic forces generated by electromechanical relays driven closed by magnetic fields created by alternating currents flowing through lines.
Over-Current Detection:
An over-current detection device is used to detect the occurrence of over-current in a three-phase power system and it works when all lines are closed. These devices work by detecting current flowing into one side of an open line, while the other two sides are isolated from earth ground. The amount of voltage differential will be proportional to the magnitude of the fault current. Most detectors use semiconductor technology for their operation.
On the basis of Application, the market is segmented into Industrial Use, Commercial Use, and Residential Use.
Industrial Use:
The use of three-phase current relays in industrial applications is expected to witness significant growth during the forecast period. For example, a substation uses many different types of equipment such as transformers, circuit breakers, and other devices for power transmission. These equipment are very expensive that's why they need protection from overloads or short circuits. Three-phase current relays sense changes in voltage and immediately shuts off these machines when there is an abnormal condition present so that it can be corrected before more damage occurs.
Commercial Use:
The use of Three-Phase Current Relays in commercial settings includes applications such as power plants, substations, and buildings. These three types of locations have different needs for current detection which is why the market has specific requirements for each type. For example, power plants need an under-current detection system because it protects against ground faults or upstream breakdowns that may cause a voltage surge to pass through the line and damage equipment downstream on other phases. On the contrary, substation protection systems require overcurrent protection where they monitor live lines from coming into contact with grounded ones (i.e., phase to neutral). Finally, building protection systems are used more frequently than any other application because their use can detect potential problems before they happen while also providing safety for the people who are in or around them.
Residential use:
The residential use of Three-Phase Current Relays is limited because it has to be installed in a three-phase electrical panel. However, as the development and usage of homes with more than two phases increases, so will the need for this product. Three-phase current relays are also used in residential use for ground fault protection. The primary function of a three-phase current relay is to detect currents on the neutral and safety legs, typically less than 50A, that exceed preset limits set by codes or standards.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region holds the largest market share due to the high demand for industrial use in this region. The residential industry is comparatively larger in the U.S., which drives large-scale growth of the Three-Phase Current Relays Market during the forecast period.
Growth Factors For The Global Three-Phase Current Relays Market:
The major drivers for growth are cost savings through energy efficiency in industrial process equipment due to the use of power limiting devices such as current relays; the increased need for electrical safety systems by OEMs owing to the increasing number of accidents related to electricity in commercial buildings; rising demand from the residential sector due to an increase in home automation products such as LED lights and electric vehicles which require protection against overcurrent. The growth can also be attributed to an increase in construction and infrastructure development activities, which are anticipated to drive demand for three-phase current relays across all segments.
Up Market Research published a new report titled “Three Phase Current 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, OMRON, ELKO EP”.
Report Scope
Report Attributes | Report Details |
Report Title | Three Phase Current 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, OMRON, ELKO EP |
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 | 239 |
Number of Tables & Figures | 168 |
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 Three Phase Current 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
- OMRON
- ELKO EP
Three Phase Current 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 Three Phase Current Relays Market
Overview of the regional outlook of the Three Phase Current 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 Three Phase Current Relays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Three Phase Current 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 Three Phase Current 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
- Understanding Competition Scenario
- Product & Brand Management
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Reasons to Purchase the Three Phase Current 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 Three Phase Current 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 Three Phase Current Relays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Three Phase Current 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 Three Phase Current 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 Three Phase Current Relays Market Size & Forecast, 2018-2028
4.5.1 Three Phase Current Relays Market Size and Y-o-Y Growth
4.5.2 Three Phase Current Relays Market Absolute $ Opportunity
Chapter 5 Global Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current Relays Analysis and Forecast
9.1 Introduction
9.2 North America Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current Relays Analysis and Forecast
10.1 Introduction
10.2 Europe Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current Relays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Three Phase Current 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 Three Phase Current 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 Three Phase Current 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 Three Phase Current Relays Analysis and Forecast
12.1 Introduction
12.2 Latin America Three Phase Current 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 Three Phase Current 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 Three Phase Current 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) Three Phase Current Relays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Three Phase Current 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) Three Phase Current 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) Three Phase Current 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 Three Phase Current Relays Market: Competitive Dashboard
14.2 Global Three Phase Current 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 OMRON
14.3.4 ELKO EP