2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
4 Premium Insights
4.1 Attractive Opportunities in the MV Protection Relay Market, 2018–2023
4.2 MV Protection Relay Market, By Type
4.3 MV Protection Relay Market, By Connected Load
4.4 MV Protection Relay Market, By End-User
4.5 Asia Pacific MV Protection Relay Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Drivers
5.3.1 Growth of the Renewable Industry
5.3.2 Expansion of Transmission & Distribution Networks
5.3.3 Upgrade of Existing Substations and Feeder Line Protection
5.4 Restraints
5.4.1 Increasing Competition From the Unorganized Sector
5.4.2 Lack of Investments From Governments in Grid Stability
5.5 Opportunities
5.5.1 Growing Power Demand
5.5.2 Growing Demand for Electronic Devices
5.5.3 Changing Face of the Middle Eastern Manufacturing Industry
5.6 Challenges
5.6.1 Delays in Grid Expansion Projects
5.6.2 Cyber security Issues for Protection Relays
6 MV Protection Relay Market, By Type
6.1 Introduction
6.2 Electromechanical & Static Relay
6.2.1 Asia Pacific is Projected to Be the Largest Market for Electromechanical & Static Relays
6.3 Digital & Numerical Relay
6.3.1 Asia Pacific is Projected to Be the Fastest and the Largest Market for Digital & Numerical Relay
7 MV Protection Relay Market, By Connected Load
7.1 Introduction
7.2 Feeder Line
7.2.1 Rising Investment in Distribution Network is Expected to Drive the Demand for MV Protection Relay in Feeder Line
7.3 Transformers
7.3.1 North America Projected to Be Second Largest Market for MV Protection Relays in Transformers
7.4 Motors
7.4.1 Increasing Industrialization is the Major Driver for the Growth of MV Protection Relay in Motor
7.5 Others
8 MV Protection Relay Market, By End-User
8.1 Introduction
8.2 Utilities
8.2.1 Power Generation
8.2.1.1 Asia Pacific is Expected to Hold the Largest Market Share
8.2.2 Power Distribution
8.2.2.1 Increasing Demand for Power Globally is Driving the MV Protection Relay Market
8.3 Industrial
8.3.1 Oil & Gas
8.3.1.1 Oil & Gas is Expected to Be the Largest Market in Industrial Segment of MV Protection Relay Market
8.3.2 Metal & Mining
8.3.2.1 North America is Projected to Be the Second Largest Market of Metal & Mining Segment
8.3.3 Chemical & Pharmaceutical
8.3.3.1 Middle East & Africa is Projected to Be the Second Fastest Growing Market
8.3.4 Others
8.4 Commercial & Institutional
8.4.1 North America is the Second Largest Market for Commercial & Institutional Segment
9 MV Protection Relay Market, By Region
9.1 Introduction
9.2 North America
9.2.1 By Type
9.2.2 By Connected Load
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 US
9.2.4.1.1 Increasing Modernization of Electric Infrastructure is Expected to Propel the Growth of MV Protection Relay Market in the Country
9.2.4.2 Canada
9.2.4.2.1 Increasing Focus on Infrastructure Development is One of the Factor for the Growth of MV Protection Relay Market
9.2.4.3 Mexico
9.2.4.3.1 Utilities is Estimated to Contribute the Largest Market Share of Mexican Market
9.3 Asia Pacific
9.3.1 By Type
9.3.2 By Connected Load
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 China
9.3.4.1.1 Industrial Segment is Expected to Be Fastest Growing Market of MV Protection Relay
9.3.4.2 India
9.3.4.2.1 Expansion of T&D Network is Expected to Drive the MV Protection Relay Market in the Country
9.3.4.3 Japan
9.3.4.3.1 Growth of Renewable Industry in the Country is Expected to Drive the MV Protection Relay Market
9.3.4.4 Australia
9.3.4.4.1 Industrial Segment is Projected to Be the Fastest Growing MV Protection Relay Market in Australia
9.3.4.5 South Korea
9.3.4.5.1 Utilities is Estimated to Be the Largest MV Protection Relay Market in South Korea
9.3.4.6 Rest of Asia Pacific
9.4 Europe
9.4.1 By Type
9.4.2 By Connected Load
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 Germany
9.4.4.1.1 Increasing Investment in Renewables is Expected to Fuel the Growth of MV Protection Relay Market
9.4.4.2 France
9.4.4.2.1 Industrial Segment is Estimated to Be the Second Largest MV Protection Relay Market in France
9.4.4.3 UK
9.4.4.3.1 Increasing Initiatives for the Addition of Renewables Across the Country is Expected to Drive the MV Protection Relay Market.
9.4.4.4 Russia
9.4.4.4.1 Industrial Segment is Projected to Have Fastest Growth Rate
9.4.4.5 Italy
9.4.4.5.1 Oil & Gas is Largest Industrial End-User of MV Protection Relay
9.4.4.6 Rest of Europe
9.5 South America
9.5.1 By Type
9.5.2 By Connected Load
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.1.1 Utilities is Projected to Be the Largest MV Protection Relay Market in Brazil
9.5.4.2 Argentina
9.5.4.2.1 Industrial is Expected to Grow at A Fastest Rate During the Forecast Period
9.5.4.3 Rest of South America
9.6 Middle East & Africa
9.6.1 By Type
9.6.2 By Connected Load
9.6.3 By End-User
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.1.1 Growing Construction Activities in the Saudi Arabia Contribute to the Growth of MV Protection Relay Market
9.6.4.2 UAE
9.6.4.2.1 Increasing Industrialization Across the Country is Expected to Boost the MV Protection Relay Market
9.6.4.3 Qatar
9.6.4.3.1 Commercial & Institutional Segment is Projected to Be the Second Fastest Growing Market in Qatar
9.6.4.4 Kuwait
9.6.4.4.1 Investment in Utilities Segment is Expected to Propel the Growth of MV Protection Relay Market
9.6.4.5 Nigeria
9.6.4.5.1 Utilities Segment is Holds the Largest Market Share of Nigerian Market
9.6.4.6 Egypt
9.6.4.6.1 Industrial Segment is Projected to Grow at Fastest Rate
9.6.4.7 South Africa
9.6.4.7.1 South African Market is Dominated By Utilities Segment
9.6.4.8 Rest of Middle East & Africa
10 Competitive Landscape
10.1 Overview
10.2 Ranking of Players and Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 New Product Launches
10.3.2 Investments & Expansions
10.3.3 Contracts & Agreements
10.3.4 Mergers & Acquisitions
10.3.5 Others
11 Company Benchmarking
(Business Overview, Products Offered, Recent Developments)*
11.1 ABB
11.2 Siemens
11.3 Schneider Electric
11.4 Rockwell
11.5 Eaton
11.6 Mitsubishi Electric
11.7 Schweitzer
11.8 Larsen & Toubro
11.9 Toshiba Corporation
11.10 Terasaki
11.11 Powell Industries
11.12 Woodward
11.13 Solcon
11.14 General Electric
*Details on Business Overview, Products Offered, Recent Developments.
List of Tables
Table 1 MV Protection Relay Market Snapshot
Table 2 Transmission & Distribution Infrastructure Expansion Plans
Table 3 MV Protection Relay Market Size, By Type, 2016–2023 (USD Million)
Table 4 Electromechanical & Static Relay: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 5 Digital & Numerical Relay: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 6 MV Protection Relay Market Size, By Connected Load, 2016–2023 (USD Million)
Table 7 Feeder Line: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 8 Transformer: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 9 Motors: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 10 Others: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 11 MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 12 Utilities: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 13 Utilities: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 14 Power Generation: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 15 Power Distribution: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 16 Industrial: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 17 Industrial: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 18 Oil & Gas: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 19 Metal & Mining: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 20 Chemical & Pharmaceutical: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 21 Others: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 22 Commercial & Institutional: MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 23 MV Protection Relay Market Size, By Region, 2016–2023 (USD Million)
Table 24 North America: MV Protection Relay Market Size, By Type, 2016–2023 (USD Million)
Table 25 North America: MV Protection Relay Market Size, By Connected Load, 2016–2023 (USD Million)
Table 26 North America: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 27 North America: MV Protection Relay Market Size, By Country, 2016–2023 (USD Million)
Table 28 US: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 29 Canada: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 30 Mexico: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 31 Asia Pacific: MV Protection Relay Market Size, By Type, 2016–2023 (USD Million)
Table 32 Asia Pacific: MV Protection Relay Market Size, By Connected Load, 2016–2023 (USD Million)
Table 33 Asia Pacific: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 34 Asia Pacific: MV Protection Relay Market Size, By Country, 2016–2023 (USD Million)
Table 35 China: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 36 India: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Japan: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 38 Australia: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 39 South Korea: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 40 Rest of Asia Pacific: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 41 Europe: MV Protection Relay Market Size, By Type, 2016–2023 (USD Million)
Table 42 Europe: MV Protection Relay Market Size, By Connected Load, 2016–2023 (USD Million)
Table 43 Europe: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 44 Europe: MV Protection Relay Market Size, By Country, 2016–2023 (USD Million)
Table 45 Germany: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 46 France: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 47 UK: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Russia: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 49 Italy: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 50 Rest of Europe: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 51 South America: MV Protection Relay Market Size, By Type, 2016–2023 (USD Million)
Table 52 South America: MV Protection Relay Market Size, By Connected Load, 2016–2023 (USD Million)
Table 53 South America: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 54 South America: MV Protection Relay Market Size, By Country, 2016–2023 (USD Million)
Table 55 Brazil: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Argentina: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 57 Rest of South America: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 58 Middle East & Africa: MV Protection Relay Market Size, By Type, 2016–2023 (USD Million)
Table 59 Middle East & Africa: MV Protection Relay Market Size, By Connected Load, 2016–2023 (USD Million)
Table 60 Middle East & Africa: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 61 Middle East & Africa: MV Protection Relay Market Size, By Country, 2016-2023 (USD Million)
Table 62 Saudi Arabia: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 63 UAE: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Qatar: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Kuwait: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 66 Nigeria: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 67 Egypt: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 68 South Africa: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 69 Rest of Middle East & Africa: MV Protection Relay Market Size, By End-User, 2016–2023 (USD Million)
Table 70 Siemens Was the Most Active Player in the Market Between 2015 and 2018
List of Figures
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Digital & Numerical Relay Segment to Register the Highest CAGR During the Forecast Period
Figure 8 Feeder Line Segment to Lead the MV Protection Relay Market From 2018 to 2023
Figure 9 Utilities Segment to Be the Leading End-User of the MV Protection Relay Market, 2018–2023
Figure 10 Asia Pacific to Lead the MV Protection Relay Market During the Forecast Period
Figure 11 Growing Transmission & Distribution Network Across the World is Expected to Drive the MV Protection Relay Market
Figure 12 Digital & Numerical Relay Segment to Register the Highest CAGR From 2018 to 2023
Figure 13 Feeder Line Segment Accounted for the Largest Market Share in 2017
Figure 14 Utilities Segment Held the Largest Market Share in 2017
Figure 15 China Was the Largest MV Protection Relay Market in Asia Pacific in 2017
Figure 16 MV Protection Relay Market: Drivers, Restraints, Opportunities, & Challenges
Figure 17 Investments in Renewable Energy Sources, 2004–2016 (USD Billion)
Figure 18 The Fastest Growing Power Generation Countries in Asia Pacific, Middle East, and Africa
Figure 19 Digital & Numerical Relay Segment Led the MV Protection Relay Market, By Type, in 2017
Figure 20 Feeder Line Segment Led the MV Protection Relay Market, By Connected Load, in 2017
Figure 21 Utilities Segment Led the MV Protection Relay Market, By End-User, 2017
Figure 22 India is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 Asia Pacific Led the MV Protection Relay Market in 2017
Figure 24 North America: MV Protection Relay Market Snapshot
Figure 25 Asia Pacific: MV Protection Relay Market Snapshot
Figure 26 Europe: MV Protection Relay Market Snapshot in 2017
Figure 27 South America: MV Protection Relay Market Snapshot, 2017
Figure 28 Middle East & Africa: MV Protection Relay Market Snapshot, 2017
Figure 29 Key Developments in the MV Protection Relay Market, 2015–2018
Figure 30 ABB Led the MV Protection Relay Market in 2017
Figure 31 ABB: Company Snapshot
Figure 32 Siemens: Company Snapshot
Figure 33 Schneider Electric: Company Snapshot
Figure 34 Rockwell: Company Snapshot
Figure 35 Eaton: Company Snapshot
Figure 36 Mitsubishi Electric: Company Snapshot
Figure 37 Larsen & Toubro: Company Snapshot
Figure 38 Toshiba Corporation: Company Snapshot
Figure 39 Terasaki: Company Snapshot
Figure 40 Powell Industries: Company Snapshot
Figure 41 Woodward: Company Snapshot
Figure 42 General Electric: Company Snapshot