Distribution Feeder Protection System Market Synopsis
The global distribution feeder protection system market is anticipated to garner a CAGR of 6.19 % during the forecast period (2019-2024), Market Research Future (MRFR) reveals in a detailed report. Distribution feeder protection system can be defined as a device which can be used in an electric distribution system to safeguard the expensive systems and components from threats like blackout and lightening. It also safeguards from potential threats like transmission line tower flash-over, strong wind blowing tree branches into electric lines, generator failure, and transformer failure. The system comprises sensors, fuses, and interconnections.
Global Distribution Feeder Protection System Industry Segmental Analysis
The Distribution Feeder Protection System Market is segmented on the basis of voltage rating and end user.
By voltage rating, the distribution feeder protection system market is segmented into low voltage and medium voltage. Among these, the medium voltage rating acquired the largest share and led the market in 2018 due to its rising application in the industrial sector.
By end user, the distribution feeder protection system market is segmented into manufacturing & processing industries, transmission & distribution utility, and commercial & residential. Among these, the transmission & distribution utility segment is likely to showcase the highest growth rate. T&D utility is highly used in industrial plants, power plants, and conventional electric utility companies. The unstable electricity supply, coupled with the constant requirement for electricity among the developing economies, will assist in the growth of the distribution feeder protection system in the T&D utility segment.
Regional Frontiers
Geographically, the distribution feeder protection system market spans across Europe, Asia Pacific, North America, South America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region acquires the lionn requires USD 1.7 trillion every year as investment in infrastructure, which includes T&D infrastructure. These factors are considered to foster the growth of the APAC region in the foreseeable future.
Industry Updates
February 2019: G&W Electric has signed an agreement to bundle Survalent software into LaZer II and LaZer III distribution automation solutions. This has resulted in the utilities to restore its power automatically to as many customers as possible during the loss of voltage or fault on a feeder.
Competitive Dashboard
The top players operating in the global distribution feeder protection system market include Siemens Ltd. (Germany), ABB Group (Switzerland), Crompton Greaves Ltd. (India), General Electric Company (USA), Basler Electric Company. (USA), Toshiba Corporation (Japan), Schweitzer Engineering Laboratories, Inc. (USA), Mitsubishi Electric Corporation (Japan), Schneider Electric SA (France), Littelfuse, Inc. (the USA), Eaton Co. Plc. (Ireland), and Fanox Electronic, S.L. (Spain).
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