Market Share of Microprocessor Protective Relay Industry
The microprocessor protective relay market is highly competitive and fragmented, with major players like ABB Ltd, Siemens AG, Toshiba Corporation, Mitsubishi Electric Corporation, and Schneider Electric. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- January 2024: Fanox Electronics achieved a milestone by introducing cutting-edge high-protection relay solutions tailored for a wide array of applications. Its flagship offering, the SIR-C Overhead Control and Feeder Protection System, serves a dual role as an overhead control/RTU and a feeder protection relay. This innovative system boasts comprehensive functionalities, including monitoring primary and secondary distribution currents, voltages, and frequencies. Moreover, the SIR-C guarantees a resilient and dependable performance with an auxiliary power supply ranging from 24 to 230 Vdc/ac.
- August 2023: Siemens introduced the SIRIUS 3UG5 line monitoring relays, designed to oversee grid stability, guarantee system efficiency, and prolong the lifespan of crucial components like motors and compressors. These relays are particularly suited for demanding environments, such as hospitals and the process industry, where a reliable power supply is paramount.
Microprocessor Protective Relay Market Leaders
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ABB Ltd
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Siemens AG
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Toshiba Corporation
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Mitsubishi Electric Corporation
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Schneider Electric
*Disclaimer: Major Players sorted in no particular order
