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Protective Relay Market to Reach USD 37.74 Billion by 2033 | CAGR 7.6% Forecast | #protective relay market # electrical protection # relay systems # market growth # protective relays # industrial safety # Straits Research # electrical equipment # relay technology

Protective Relay Market to Reach USD 37.74 Billion by 2033 | CAGR 7.6% Forecast

Protective Relay Market to Reach USD 37.74 Billion by 2033 | CAGR 7.6% Forecast

The global protective relay market, valued at USD 19.57 billion in 2024, is estimated to grow from USD 21.01 billion in 2025 to USD 37.74 billion by 2033, with a CAGR of 7.6%. The growth is driven by the increasing need for enhanced electrical protection and safety measures.