Global MV Protection Relay Market Will Reach $1115 Million By 2023 {PPT} MV Protection Relay Market - Global Forecast | Page 5

Asia Pacific: The leading market for MV protection relays
In this report, the MV protection relay market has been analyzed with respect to 5
regions, namely, Asia Pacific, North America, South America, Europe, and the
Middle East & Africa. Asia Pacific led the global MV protection relay market in
2017. China and India are the largest markets for MV protection relay in the region.
Increasing T&D network expansion and industrialization projects are some of the
key factors responsible for the growth of the medium voltage protection relay .
According to the Asian Development Bank, an investment of USD 8.22 trillion is
required for infrastructure development in the region during the 10-year period of
2010–2020. Thus, create a demand for MV protection relay market during the
forecast period.
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