Distribution Feeder Protection System Market Analysis, Growth and Forecasts 2024
Posted by Anvi on March 26th, 2020
Distribution feeder protection systems are classified based on their voltage rating as medium voltage and low voltage. The medium voltage distribution feeder protection systems are widely used in any facility or plant that demands a large amount of power and utilizes medium voltage electricity. Low voltage distribution feeder protection systems are widely used in domestic & light industrial applications, power control centres and commercial consumer end transformers.
The main function of distribution feeder protection system is to safeguard the distribution system from directional overcurrent, non-directional overcurrent, time overcurrent and breaker failure element. The distribution feeder protection system reduces equipment damage & power interruptions and improves power quality & system safety.
Distribution feeder protection systems find their wide range of applications in power plants, industrial plants and conventional electric utility companies. The growing demand for electricity and the unstable electricity supply situation in most developing countries will aid in the growth of the Distribution Feeder Protection System Market Analysis over the forecast period.
The medium voltage distribution feeder protection systems are expected to hold a larger market size as compared to low voltage distribution feeder protection systems. This is due to the growing number of data centres, centralized chilling facilities, power substations and high-rise infrastructure where the medium voltage distribution feeder protection system has a wide application to safeguard distribution system from overloading and power failure issues. Also, the growing network extension activities of medium voltage transmission and distribution is expected to drive the growth of the global medium voltage distribution feeder protection system market.
Global distribution feeder protective system market has been segmented based on voltage rating and end user.
On the basis of voltage rating, the market is segmented as low voltage and medium voltage.
The end user segment is further sub-segmented into transmission & distribution utility, manufacturing & processing industries, and commercial & residential.
The transmission & distribution utility sub-segment of the global distribution feeder protective system market is estimated to register the highest growth rate during the forecast period. These distribution feeder protection systems are widely used in power plants, industrial plants and conventional electric utility companies.
The key players of global distribution feeder protection system market are ABB Group (Switzerland), Siemens Ltd. (Germany), General Electric Company (USA), Crompton Greaves Ltd. (India), Toshiba Corporation (Japan), Basler Electric Company. (USA), Mitsubishi Electric Corporation (Japan), Schweitzer Engineering Laboratories, Inc. (USA), Littelfuse, Inc. (USA), Schneider Electric SA (France), Fanox Electronic, S.L. (Spain) and Eaton Co. Plc. (Ireland) among others.
Scope of the Report
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global power transformer market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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About the AuthorAnvi
Joined: October 25th, 2019
Articles Posted: 461
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