Latin America Protective Relay Market in Electric Utilities Market Share

Market Share of Latin America Protective Relay Industry in Electric Utilities

The Latin America protective relay market in electric utilities is moving towards competitive and fragmented in nature as prominent players in the protective relay market, including ABB Ltd, Eaton Corporation PLC, amongst others caters the rivalry in providing the product solution as with various new plant projects and purchase of new relays for the old facility, the market emerges to intense competition. Recent developments in the market are -

• November 2019 - The technology group Wartsila and Empresa Generadora de Electricidad Haina (EGE Haina) signed a commissioning agreement that converts the Quisqueya 2 power plant to natural gas operation in the Dominican Republic. Both companies have also signed a long-term service agreement covering all the Wärtsilä power plants that are owned and/or operated by EGE Haina, allowing accurate predictability of spare parts and maintenance costs for the Quisqueya 2, Sultana del Este, and Palenque power plants. The total installed capacity of the three plants is approximately 400 MW. This enhances the demand for the protective relay in the Dominican Republic.

Latin America Protection Relays Market Leaders

1. Schweitzer Engineering Laboratories, Inc.​

2. General Electric Company​

3. Eaton Corporation PLC​

4. ABB Ltd

5. Schneider Electric SE​

*Disclaimer: Major Players sorted in no particular order