Global protection relay industry is anticipated to grow at a compound annual growth rate (CAGR) of 5.68% to reach USD 3.38 billion by 2030. With a number of well-known companies providing a wide range of solutions suited to sectors like manufacturing, utilities, power production, and renewable energy, the protection relay market is quite competitive. ABB Ltd., Siemens AG, Eaton Corporation, Mitsubishi Electric Corporation, General Electric (GE), SEL (Schweitzer Engineering Laboratories), Rockwell Automation Inc., Larsen & Toubro Limited, and Schneider Electric are important participants.