Global MV Protection Relay Market Will Reach $1115 Million By 2023 {PPT} MV Protection Relay Market - Global Forecast | Page 3

The feeder line segment of the MV protection relay market, by connected load, is
expected to grow at the highest CAGR during the forecast period
The feeder line segment led the MV protection relay market in 2017 and is one of the
fastest growing market during the forecast period. Increasing distribution lines across
the globe is expected to boost the feeder line market during the forecast period. This
will create a demand for MV protection relays. As per International Energy Agency
(IEA), Asia Pacific is likely to add 2,911 GW of power capacity from 2014 to 2035 with
14,400 thousand km of new distribution line from 2014 to 2035. Thus, it would boost
the growth of MV protection relay market during the forecast period.
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