Protective Relay Market Report
The global protective relay market size reached US$ 3.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032. The increasing infrastructural development activities, aging electrical infrastructure, imposition of strict regulations by governments, rising adoption of automation, and increasing product utilization in smart grid operations are some of the major factors propelling the market.
Read More-https://www.imarcgroup.com/protective-relay-market
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