Earth Leakage Protection Relay Market — Industry Trends and Forecast to 2028

Majority of people have experienced electrical shock while using electrical equipment at some point of our lives. Though momentary, it is quite dangerous. Earth leakage occurs due to reasons like normal wear and tear of equipment or moisture around terminals which can result in partial breakdown of insulation between supply and earth.
Earth leakage currents are dangerous as it can lead to cable heat generation and insulation failure. This can result in a major catastrophe thus leading to significant loss of property and human lives. Protective relays offer protection to the existing electric systems and ensure a sustainable supply of electricity in electric infrastructures. With the increasing consumption of electricity, there has been an alarming rise in the need for advancements and modernization of substations.
The ever-growing demand for electric power across the globe is the foremost factor impelling the demand for protection relays. The upswing in power and infrastructure projects in emerging regions is providing a significant boost to the growth of the market.
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To keep electric systems running unfailingly, the protection of each component becomes crucial. Therefore, components such as protection relays find strong demand in infrastructure projects in new as well as retrofit applications. Moreover, the rapidly growing demand for renewable energy sources is influencing the growth of the market positively.

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