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Latin America Protective Relay Market in Electric Utilities Market 2021 Global Outlook - General Electric Company, Eaton Corporation PLC, ABB Ltd, Schneider Electric SE
The Latin America Protective Relay Market in Electric Utilities Market Report 2021-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Latin America Protective Relay Market in Electric Utilities data that enhances the understanding, scope, and application of this report. The study includes market share analysis and profiles of players such as Schweitzer Engineering Laboratories, Inc., General Electric Company, Eaton Corporation PLC, ABB Ltd, Schneider Electric SE, Beckwith Electric Co., Inc., ERLPhase Power Technologies Ltd., Carlo Gavazzi Automation Spa, Bender Inc., and others.The Latin America Protective Relay Market in Electric Utilities is expected to reach a CAGR of 4% over the forecast period 2020- 2025.
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Industry News:
- 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 Wertsile 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.
Key Market Trends:
Thermal Powerplant Accounts for Significant Growth in Argentina
- Argentina generates its electricity using thermal power plants, which is based on fossil fuels (60%), hydroelectric powerplants (36%), and nuclear plants (3%), while wind and solar power accounted for less than 1%. There are around 9.5 GW of thermal power plants in the pipeline and planning stages in the country. These projects are worth around USD 9.92 billion and are expected to come into operation by 2025. With its pipeline projects, the demand for protective relay significantly rises in the future period.
- Players such as Central Termica Ezeiza has aimed to increase its thermal plant capacity to 150 MW. The Commercial Operation Date (COD) is estimated to take place during 2020, which is being operated by Grupo Albanesi, and the commercial equipment authorization is being provided to Siemens.
- Further, Cutler-Hammer de Argentina (CHA), the formation by Eaton's Corporation and Electro Integral Sudamericana (EISSA) manufactures and distributes electrical equipment in Argentina. CHA includes all of the commercial assets of EISSA, which is being established to manufacture and distribute low- and medium-voltage switchgear, where the relay is most commonly used on medium voltage switchgear applications.
- Furthermore, following the approval of the Technical Department, Fanox Relays have been recently accepted by Edenor with most of the customers in Argentina. These relays (Self Powered O/C & E/F Protection Relay) have been installed in medium voltage switchgears providing automatic circuit breakers, and they substantially improve the electricity supply to customers by quickly detecting and isolating network faults in the powerplant. This added to the already installed relays in the region of Santa Fe, thus achieving the constant spread of FANOX relays.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Latin America Protective Relay Market in Electric Utilities Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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