Market Share of North America Protective Relays Industry
The North American Protective Relays Market is highly competitive owing to the presence of multiple domestic and international vendors operating in the region. The market appears to be moderately concentrated, with multiple players adopting strategies such as product innovation, mergers, and acquisitions to expand their reach. Some of the major players operating in the market are ABB Ltd., Schneider Electric SE, Woodward Inc., Schweitzer Engineering Laboratories, among others.
- Mar 2020 - ABB announced that it had upgraded its REX640 protection relay that further enhances communication security and flexibility in advanced power generation and distribution applications. The REX640 supports a variety of communication protocols, such as IEC 60870-5-104 for power system automation. The IEC 60870-5-104 also enables easier and direct connection to an upper-level system, such as SCADA (Supervisory Control and Data Acquisition), without any gateway.
- May 2021 - Basler Electric, which is a designer and manufacturer of power control and protection devices, launched its BE1-FLEX, which is a protective relay platform. This is the latest product in the company's BE1 family of digital protection devices. The BE1-FLEX is customizable both in the factory and in the field. Also, the BE1-FLEX can be adapted to solve various future protection challenges without having to be removed from its installation.
North America Protective Relays Market Leaders
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ABB Ltd.
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Schneider Electric SE
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Schweitzer Engineering Laboratories
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Woodward Inc.
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Eaton Corporation
*Disclaimer: Major Players sorted in no particular order
