Teleprotection Market

Teleprotection Market by Applications (Telecom [Digital Systems, Universal Systems, and Analog Systems] and Power [Substation Automation and Phase Comparison]), Components (Interface Device, SCADA [Function, Architecture Components, and Requirement] and IED [Switches, Controllers, Connectors, Relays, Transducers, and Routers]), Types (Software, Services, Teleprotection Units [Data Circuit Terminating Equipment, Optical Interface Equipment, Directional Electrical Interface Equipment, and Data Terminal Equipment], and Communication Network Technology [Ethernet {System Configuration and Protection Signaling}, Out Band {Copper Wire Communication, Optical Fiber Communication, and Pilot Relay}, and In Band {Power Line Communication}]), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-4338
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 210
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The global teleprotection market size is estimated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the support of sophisticated communication and network technologies. Moreover, the growing need for energy savings and flawless transmission presents another key driver of the market.

Teleprotection Market Key Takeaways

Teleprotection systems use remote disconnection of problematic components to prevent system failure and harm. The system is widely equipped with critical technology that enables users to isolate malfunctioning components from the rest of the network. This is a vital and crucial activity in order to maintain the powerline working properly. Moreover, it acts as a physical link between the telecommunications network and the protection relays. In general, teleprotection is a new developing technology that has a lot of promise in a variety of industries including telecommunications, oil and gas, electricity, transportation, aerospace, and defense information technology.

The COVID-19 pandemic has triggered a negative forced to disturb the market expansion due to several restrictions from governments towards business operations. The market for teleprotection is, however, expected to recover soon and coming back to a new normal as the COVID restriction has been sharply declined due to subsiding number of the virus cases.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing need for teleprotected grids for effective communication network has accelerated the expansion of the market.
  • Wide demand for enhanced communication technologies that can replace ageing grid infrastructure is pushing the market growth.
  • With the help of modern communication and network technologies, need for flawless transmission combined with energy savings is expected to drive market expansion.
  • Lack of interoperability standards, expensive costs, and disparities in electrical regulations especially in developing countries act as key hurdles that can hinder the market growth.
  • Need for lower transmission, distribution losses, and teleprotection systems in the aerospace and military industry is a key factor that create lucrative opportunities for the market expansion.

Scope of the Report

The report on the global teleprotection market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Teleprotection Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Telecom [Digital Systems, Universal Systems, and Analog Systems] and Power [Substation Automation And Phase Comparison]), Components (Interface Device, SCADA [Function, Architecture Components, and Requirement] and IED [Switches, Controllers, Connectors, Relays, Transducers, and Routers]), Types (Software, Services, Teleprotection Units [Data Circuit Terminating Equipment, Optical Interface Equipment, Directional Electrical Interface Equipment, and Data Terminal Equipment], and Communication Network Technology [Ethernet {System Configuration and Protection Signaling}, Out Band {Copper Wire Communication, Optical Fiber Communication, and Pilot Relay}, and In Band {Power Line Communication}])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Nokia; GE Energy; DNV Kema; Cisco Systems; Alstom S.A.; Alcatel Lucent S.A.; ABB Ltd.; Schweitzer Engineering Laboratories, Inc.; Siemens AG; and Telco systems

Market Segment Insights

Power segment to expand at a considerable CAGR

On the basis of applications, the teleprotection market is bifurcated into telecom and power. The telecom segment is further fragmented into digital systems, universal systems, and analog systems. The power segment is further bifurcated into substation automation and phase comparison. The power segment is projected to expand at a considerable CAGR during the forecast period as it permits to prevent faults and damages by automatically and often isolating the defective element from the rest of the network.

SCADA segment to hold significant share of the market

In terms of components, the market is divided into interface device, SCADA, and IED. The SCADA segment is further fragmented into function, architecture components, and requirement. The IED segment is further classified as switches, controllers, connectors, relays, transducers, and routers. The SCADA segment is expected to hold significant share of the market ascribed to rising demand for displaying and identifying the location of a malfunction.

Teleprotection units segment to grow at a high rate

Based on types, the teleprotection market is segregated into software, services, teleprotection units, and communication network technology. The teleprotection units segment are further classified as data circuit terminating equipment, optical interface equipment, directional electrical interface equipment, and data terminal equipment. The communication network technology segment is further divided into ethernet, out band, and in band. The ethernet segment is further classified as system configuration and protection signaling. The out band segment is further categorized as copper wire communication, optical fiber communication, and pilot relay. The in band segment constitutes power line communication. The teleprotection units segment is expected to grow at a high rate during the projected period owing to the power system's dependable functioning, which can provide a secure and uninterrupted supply of electricity.

Europe is anticipated to constitute a key market share

In terms of regions, the teleprotection market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to favorable government rules and policies in for effective communication network and other IT infrastructure in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to high demand for low transmission and distribution losses for various IT network in the region.

Segments

The global teleprotection market has been segmented on the basis of

Applications
  • Telecom
    • Digital Systems
    • Universal Systems
    • Analog Systems
  • Power
    • Substation Automation
    • Phase Comparison
Components
  • Interface Device
  • SCADA
    • Function
    • Architecture Components
    • Requirement
  • IED
    • Switches
    • Controllers
    • Connectors
    • Relays
    • Transducers
    • Routers
Types
  • Software
  • Services
  • Teleprotection Units
    • Data Circuit Terminating Equipment
    • Optical Interface Equipment
    • Directional Electrical Interface Equipment
    • Data Terminal Equipment
  • Communication Network Technology
    • Ethernet
      • System Configuration
      • Protection Signaling
    • Out Band
      • Copper Wire Communication
      • Optical Fiber Communication
      • Pilot Relay
    • In Band
      • Power Line Communication
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Nokia
  • GE Energy
  • DNV Kema
  • Cisco Systems
  • Alstom S.A.
  • Alcatel Lucent S.A.
  • ABB Ltd.
  • Schweitzer Engineering Laboratories, Inc.
  • Siemens AG
  • Telco systems

Competitive Landscape

Key players competing in the global teleprotection market are Nokia; GE Energy; DNV Kema; Cisco Systems; Alstom S.A.; Alcatel Lucent S.A.; ABB Ltd.; Schweitzer Engineering Laboratories, Inc.; Siemens AG; and Telco systems. To acquire a competitive advantage in the market, vendors are concentrating on growing their client base. Additionally, these big players are actively pursuing a number of strategic initiatives including mergers and acquisitions, partnerships, and collaborations with other large corporations to increase their market share.

Teleprotection Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Teleprotection Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Teleprotection Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Teleprotection Market - Supply Chain
  4.5. Global Teleprotection Market Forecast
     4.5.1. Teleprotection Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Teleprotection Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Teleprotection Market Absolute $ Opportunity
5. Global Teleprotection Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Teleprotection Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Teleprotection Demand Share Forecast, 2019-2026
6. North America Teleprotection Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Teleprotection Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Teleprotection Demand Share Forecast, 2019-2026
7. Latin America Teleprotection Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Teleprotection Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Teleprotection Demand Share Forecast, 2019-2026
8. Europe Teleprotection Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Teleprotection Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Teleprotection Demand Share Forecast, 2019-2026
9. Asia Pacific Teleprotection Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Teleprotection Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Teleprotection Demand Share Forecast, 2019-2026
10. Middle East & Africa Teleprotection Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Teleprotection Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Teleprotection Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Teleprotection Market: Market Share Analysis
  11.2. Teleprotection Distributors and Customers
  11.3. Teleprotection Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Nokia GE Energy DNV Kema Cisco Systems Alstom S.A. Alcatel Lucent S.A.  
The global teleprotection market has been segmented on the basis of

Applications
  • Telecom
    • Digital Systems
    • Universal Systems
    • Analog Systems
  • Power
    • Substation Automation
    • Phase Comparison
Components
  • Interface Device
  • SCADA
    • Function
    • Architecture Components
    • Requirement
  • IED
    • Switches
    • Controllers
    • Connectors
    • Relays
    • Transducers
    • Routers
Types
  • Software
  • Services
  • Teleprotection Units
    • Data Circuit Terminating Equipment
    • Optical Interface Equipment
    • Directional Electrical Interface Equipment
    • Data Terminal Equipment
  • Communication Network Technology
    • Ethernet
      • System Configuration
      • Protection Signaling
    • Out Band
      • Copper Wire Communication
      • Optical Fiber Communication
      • Pilot Relay
    • In Band
      • Power Line Communication
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Nokia
  • GE Energy
  • DNV Kema
  • Cisco Systems
  • Alstom S.A.
  • Alcatel Lucent S.A.
  • ABB Ltd.
  • Schweitzer Engineering Laboratories, Inc.
  • Siemens AG
  • Telco systems

Key players competing in the global teleprotection market are Nokia; GE Energy; DNV Kema; Cisco Systems; Alstom S.A.; Alcatel Lucent S.A.; ABB Ltd.; Schweitzer Engineering Laboratories, Inc.; Siemens AG; and Telco systems. To acquire a competitive advantage in the market, vendors are concentrating on growing their client base. Additionally, these big players are actively pursuing a number of strategic initiatives including mergers and acquisitions, partnerships, and collaborations with other large corporations to increase their market share.

Teleprotection Market By Key Players

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