Global MV Protection Relay Market Will Reach $1115 Million By 2023 {PPT} MV Protection Relay Market - Global Forecast | Page 2

The digital & numerical relay segment is expected to hold the largest share of
the MV protection relay market, by type, during the forecast period.
The digital & numerical relay segment led the MV protection relay market in
2017 and is projected to have the largest market share during the forecast
period. Digital & numerical relay provides various benefits over
electromechanical and static relay such as functional flexibility, reliability, self-
checking and self-adaptability, ability to communicate with other digital
equipment (peer-to-peer), accuracy in providing fault data and disturbance
record. Moreover, increasing modernization of substations in the developed
nations to ensure uninterrupted power supply with minimum losses would
drive the digital & numerical relay market during the forecast period
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