Market Overview:
The global general purpose relays market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient equipment and systems, growing industrial automation, and rising investments in smart cities. The global general purpose relays market is segmented by type into AC coil and DC coil. The AC coil segment is expected to dominate the global general purpose relays market during the forecast period owing to its high efficiency and low power consumption as compared to DC coils. The global general purpose relays market is also segmented by application into industrial machine controls, energy management systems, HVAC, and others. The industrial machine controls segment accounted for the largest share of the global general purpose relay market in 2017 owing to its widespread use across various industries such as automotive, aerospace & defense, oil & gas, metals & mining etc., where reliability and performance are critical factors.
Product Definition:
A relay is an electrically operated switch. Many relays use an electromagnet to operate a switch, but other operating principles are also used. A relay can be used to control a high-power electrical device, such as a motor or solenoid, from a low-power circuit.
AC Coil:
An AC coil is an electrical device that generates an electromagnetic field. The primary function of the AC coil is to convert Alternating Current (AC) into Direct Current (DC). In other words, it converts the fluctuating electric current from a variable voltage source to a constant voltage supply.
The most common usage of this product is in power supplies for electronic equipment such as computers.
DC Coil:
DC coil is a special type of relay which uses two coils of wire, one for receiving current and other for transmitting it. These are widely used in general purpose relays as switching devices.
In simple words, DC coil is like an AC magnet with its polarity switched. It can be used to interrupt the flow of electric current from one side and when pressed again with right timing to transmit the current from other side by using second coiled wire called return or branch line.
Application Insights:
The energy management systems segment dominated the global general purpose relays market in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030. The growing demand for GPRs in HVAC applications owing to their ability to monitor and control power distribution is expected to drive the product demand over the forecast period. Furthermore, they are used as industrial machine controls where high precision, durability, and long life are required from relay switches.
The Latin America region is anticipated to witness significant growth on account of increasing investments in various sectors including oil & gas industry which has resulted in increased use of GPRs across multiple industries such as oil & gas and energy management systems among others which will propel regional growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for energy management systems in China and India. The growing manufacturing sector, coupled with the rising adoption of HVAC systems, will drive product demand further. In addition, rising investments in industrial automation are anticipated to fuel regional product demand over the forecast period.
The Asia Pacific was followed by Europe which accounted for around 27% of total revenue share in 2017 on account of high consumption levels associated with industrial machinery and equipment maintenance as well as modernization activities across several industries including automotive, oil & gas, construction among others.
Growth Factors:
- Increasing demand for general purpose relays from the automotive industry on account of their ability to control and monitor various electrical systems in vehicles
- Growing popularity of programmable relays owing to their ability to be customized as per specific requirements
- Rising demand for miniature relays in consumer electronics products due to their small size and low power consumption
- Proliferation of smart grids across the world that is necessitating the installation of advanced relay systems for efficient power management
- Increasing adoption of industrial automation solutions across various manufacturing industries, which is boosting demand for general purpose relays
Scope Of The Report
Report Attributes
Report Details
Report Title
General Purpose Relays Market Research Report
By Type
AC Coil, DC Coil
By Application
Industrial Machine Controls, Energy Management Systems, HVAC, Others
By Companies
Honeywell, Siemens, Eaton, Schneider Electric, Finder, Lovato Electric, OMRON, Honeywell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global General Purpose Relays Market Report Segments:
The global General Purpose Relays market is segmented on the basis of:
Types
AC Coil, DC Coil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Machine Controls, Energy Management Systems, HVAC, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Honeywell
- Siemens
- Eaton
- Schneider Electric
- Finder
- Lovato Electric
- OMRON
- Honeywell
Highlights of The General Purpose Relays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Coil
- DC Coil
- By Application:
- Industrial Machine Controls
- Energy Management Systems
- HVAC
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the General Purpose Relays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
General purpose relays are used in a variety of industrial and commercial applications. They are designed to switch large amounts of current quickly and reliably.
Some of the major companies in the general purpose relays market are Honeywell, Siemens, Eaton, Schneider Electric, Finder, Lovato Electric, OMRON, Honeywell.
The general purpose relays market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 General Purpose Relays Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 General Purpose Relays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 General Purpose Relays Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the General Purpose Relays Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global General Purpose Relays Market Size & Forecast, 2020-2028
4.5.1 General Purpose Relays Market Size and Y-o-Y Growth
4.5.2 General Purpose Relays Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 AC Coil
5.2.2 DC Coil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Machine Controls
6.2.2 Energy Management Systems
6.2.3 HVAC
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global General Purpose Relays Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 General Purpose Relays Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 AC Coil
9.6.2 DC Coil
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Machine Controls
9.10.2 Energy Management Systems
9.10.3 HVAC
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 AC Coil
10.6.2 DC Coil
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Machine Controls
10.10.2 Energy Management Systems
10.10.3 HVAC
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 AC Coil
11.6.2 DC Coil
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Machine Controls
11.10.2 Energy Management Systems
11.10.3 HVAC
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 AC Coil
12.6.2 DC Coil
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Machine Controls
12.10.2 Energy Management Systems
12.10.3 HVAC
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 AC Coil
13.6.2 DC Coil
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Machine Controls
13.10.2 Energy Management Systems
13.10.3 HVAC
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 General Purpose Relays Market: Competitive Dashboard
14.2 Global General Purpose Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Siemens
14.3.3 Eaton
14.3.4 Schneider Electric
14.3.5 Finder
14.3.6 Lovato Electric
14.3.7 OMRON
14.3.8 Honeywell
