Protection Relay Market Forecast: USD 3.38 Billion by 2030 at a CAGR of 5.68%
The global protection relay market is projected to reach USD 3.38 billion by 2030, growing at a CAGR of 5.68% during the forecast period (2024–2030). This growth is driven by rising investments in electrical infrastructure, increasing demand for reliable grid protection, and the expansion of renewable energy projects. Emerging economies and technological advancements in digital relays are expected to fuel further market expansion.
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