The protection relays are generally delivered for different objectives and aims. In some cases a protection relay is utilized with the objective of activating automatisms to manage the electric network. These relays can be used in both low-voltage and medium-voltage applications. In medium-voltage applications the cost increase is small compared to other arc flash protection methods. Electromechanical & static relay and digital & numerical relay are the types of protection relay which are utilized in utility, industrial, commercial verticals.

Expansion of transmission & distribution networks, upgradation of existing substations & feeder line protection, growth of the renewable industry are the factors driving the growth of the market. Moreover, increasing power demand, changing face of the Middle Eastern manufacturing industry, rising demand for electronic devices are the factors that are expected to provide significant opportunities for the growth of the MV protection relay market.

The "Global MV protection relay Market Analysis to 2028" is a specialized and in-depth study of the MV protection relay market with a focus on the global market trend. The report aims to provide an overview of the global MV protection relay market with detailed market segmentation by the type, connected load, end-user, and geography. The global MV protection relay market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the MV protection relay market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global MV protection relay market based on the type, connected load, and end-user. It also provides market size and forecast till 2028 for overall MV protection relay market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 16 countries globally along with the current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

Also, key MV protection relay market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. Some of the key players influencing the MV protection relay market are ABB Ltd., Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Eaton Corporation, Mitsubishi Electric Corporation, Schweitzer Engineering Laboratories, Inc., Larsen & Toubro Limited, Toshiba Corporation, and Powell Industries Inc. among others.