Busbar protection relay is a device used to protect electrical busbars from faults and abnormal conditions. Busbars are conductors that carry electrical power in a power distribution system. They are usually made of copper or aluminum and are used to distribute power to various electrical equipment.
The busbar protection relay monitors the current and voltage levels in the busbars and detects any abnormal conditions such as short circuits, overloads, or ground faults. It is designed to quickly detect and isolate faults in the busbars to prevent damage to the electrical equipment and ensure the safety of the system.
The relay operates by continuously monitoring the current and voltage signals from the busbars. If it detects a fault or abnormal condition, it sends a trip signal to the circuit breaker to isolate the faulty section of the busbar. The relay also provides alarm signals and fault indication to alert the operators about the fault.
Busbar protection relays are typically used in high voltage and medium voltage power systems, such as substations and power plants. They are an essential component of the protection system to ensure the reliable and safe operation of the electrical distribution system.
According to the new market research report “Busbar Protection Relay – Global Market Insights and Sales Trends 2024”, published by QYResearch, the global Busbar Protection Relay market size is projected to grow from USD 3.1 billion in 2024 to USD 4751 million by 2030, at a CAGR of 6.31% during the forecast period.
- Global Busbar Protection Relay MarketSize(US$ Million), 2019-2030
Source: QYResearch, “Busbar Protection Relay – Global Market Insights and Sales Trends 2024”
- Global Busbar Protection Relay Top17Players Ranking and Market Share (Ranking is based on the revenue of 2023, co
Source: QYResearch, “Busbar Protection Relay – Global Market Insights and Sales Trends 2024”
This report profiles key players of Busbar Protection Relay such as ABB、Siemens、Schneider Electric、GE Grid Solutions、Schweitzer Engineering Laboratories(SEL).
In 2023, the global top five Busbar Protection Relay players account for 37% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Busbar Protection Relay.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
E-mail: global@qyresearch.com
Tel: 001-626-842-1666(US) 0086-133 1872 9947(CN)
EN: https://www.qyresearch.com
JP: https://www.qyresearch.co.jp