Industrial Relay Market - Global Industry Analysis

Industrial Relay Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Heavy Industry Report Format : PDF Report Code: ZMR-2390 Status : Upcoming

Description

Industrial Relay Market: Overview

Industrial relays are considered as essential equipment that aids in protecting the system. There is a variable number of relays that operate in the industrial applications such as SSR solid state relay, overload protection relay, electromechanical relay, latching relay, and other relays. In the solid state relay, the switching is totally electronic base while in the electromechanical relay the operation is completely based on the opening and the closing of the moving contacts with the help of the magnetic force. 

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Industrial Relay Market: Facts

The industrial relay G2RV is available in the market that comprises unique lockable test-switch. G2RV is specially designed for the applications of the intelligent automation. In this new series, there is an encapsulation of lockable test switch mechanism which helps the operators for testing the functionality of the machine, panel, or the system.

Industrial Relay Market: Segmentation

The global market for the industrial relay is fragmented into the product types and application. Based on the types of the product, the global market is segregated into automotive, solid relays, electromechanical, latching, overload protection, and others. Based on the application, the market is categorized into electronics, marine, oil and gas, military, and others.

Industrial Relay Market: Growth Factors

In the coming years, there will be an increasing demand for the solid state relays. The factors that will drive the industrial relay market especially the solid state relays are its abilities such as it makes use of minimum voltage for providing faster switching. There is also demand for the peak switching relays due to the fact that when the control voltage is present the relay automatically turns on. The overload protection relays are used increasingly in the industries all through the load operations. Some of the other industrial relays that are driving the growth of the market are latching relays which will open up several opportunities for the manufacturers. The factor that there are many advancements being made in the industrial relays for the protection of several systems in the industries is positively affecting the growth of the market. The various end-user industries that are making use of the industrial relays are oil & gas, automotive, marine, aerospace, and much more thus increasing the demand for the industrial relays globally.

Industrial Relay Market: Regional Analysis

The industrial relay is being used increasingly in the industrial sectors owing to the benefit that it protects the system from overloading, protection from overvoltage and short circuit thus driving the growth of the market. In the Asia Pacific region, the use of the industrial relay is becoming economical owing to the latest developments that are made in this product. There is a positive growth of the market in the North America and the European region due to the advancements that are made in the relay.

Industrial Relay Market: Competitive Players

The key market players that are involved in the industrial relay market include Crydom Inc., Coto Technology, Omron Corp., Fujitsu Ltd., Siemens AG, and Schneider Electric.

Industrial Relay Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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