GCC Protective Relay Market Analysis By Voltage (Low, Medium, High), By Application (Feeder Protection, Generator Protection, Bus-Bar Protection, Capacitor Bank Protection, Breaker Protection, Transformer Protection), By End-Use (Infrastructure, Industrial, Government, Power) And Segment Forecasts To 2024

Methodology

We implement a mix of primary and secondary research for our market estimate and forecast. Secondary research forms the initial phase of our study, where we conduct extensive data mining, referring to verified data sources such as independent studies, government and regulatory published material, technical journals, trade magazines, and paid data sources such as ICIS and so on. This forms the basis of our estimates. For forecasting, the following parameters are considered:

• Market drivers and restraints along with their current and expected impacts
• Regulatory scenario and expected developments
• Global raw material supply and demand statistics

We assign weights to these parameters and quantify their market impact using the weighted average analysis to derive an expected market growth rate. Furthermore, we use correlation, regression, and time-series analysis to evaluate the key industry dynamics. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:

• Market leading participants
• Raw material manufacturers and suppliers
• Product distributors and vendors

These exhaustive primary interviews help our analysts in validating the market and segment estimates and forecast. Additionally, we also gain significant industry insights, key developments, and expectations. Grand View Research only utilizes validated and authenticated secondary data sources. Some of the secondary sources used for this report include but are not limited to:

• Factiva
• bq-magazine
• PAC World Magazine
• ArabianBusiness
• Emirates Projects Magazine
• IDOSI Publications
• Investor Presentations
• Hoovers
• Company Annual Report

Data Collection Matrix

Perspective	Primary research	Secondary research
Supply side	Manufacturers Raw material suppliers Product distributors and wholesalers	Company reports and publications Government publications Independent investigations Economic and demographic data
Demand side	End-user surveys Consumer surveys	Case studies Reference customers

Industry Analysis Matrix

Qualitative analysis

Quantitative analysis

Industry landscape and trends Market dynamics and key issues Technology landscape Market opportunities Porter’s analysis and PESTEL analysis Competitive landscape and product benchmarking Policy and regulatory scenario

Market revenue estimates and forecast up to 2024 Market revenue estimate and forecast up to 2024, by voltage Regional market revenue forecast up to 2024, by voltage Market revenue estimate and forecast up to 2024, by application Regional market revenue forecast up to 2024, by application Market revenue estimate and forecast up to 2024, by end-use Regional market revenue forecast up to 2024, by end-use