Market Overview:
The global relay and industrial control manufacturing 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 relays and industrial controls in various applications such as industrial, commercial, and others. Additionally, the growing demand for automation across different industries is also propelling the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising investments in automation across various industries in this region.
Product Definition:
A relay is an electrical switch that opens and closes under the control of another electrical circuit. Relays are used where it is necessary to turn a large current on or off under the control of a small current. They are also used to electrically isolate one part of a circuit from another.
Industrial control manufacturing refers to the process by which industrial equipment and machinery is created, assembled, or modified using various electronic components and controls. The end goal of this process is typically increased efficiency, safety, or output in an industrial setting.
Relays:
Relays are used in the manufacturing of control systems and communication devices that are widely used across various industries. The growth factor for relay market is high as compared to other semiconductor devices owing to its extensive application base in industrial automation, telecommunication & data communications, automotive sector and consumer electronics industry.
The demand for relays is expected to grow at a CAGR greater than the global average during the forecast period owing to their increasing usage in smart grids technology.
Industrial Control:
Industrial control systems are used in manufacturing industries to automate the processes. These systems have gained popularity owing to their ability to reduce human intervention and increase operational efficiency. The system is designed for controlling various process activities such as material handling, production flow, machine operation and monitoring among others using a central computer system.
Application Insights:
The manufacture application segment dominated the global market in 2017. This can be attributed to the growing demand for industrial control systems from manufacturing facilities, which require a high level of automation and integration. The manufacture application segment is expected to witness significant growth over the forecast period owing to increasing investments in R&D for developing new products and solutions that will meet evolving industry standards.
The others application segment includes healthcare, oil & gas, utilities among others. Control systems used in these sectors are designed specifically for their requirements including safety interlocks and limit switches along with advanced features such as mobile applications for monitoring & controlling equipment remotely among other similar features that require connectivity with smartphones or tablets running on ICS software platforms developed by various manufacturers across the world.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth of this region can be attributed to increasing manufacturing activities, especially in China and India. In addition, rising investments by various governments are expected to drive demand for industrial automation equipment across Asia Pacific countries including Japan, South Korea, Taiwan and Indonesia.
The Latin American regional market is also estimated to witness significant growth over the coming years owing to increasing adoption of automation technology across numerous industries in Brazil as well as other countries such as Argentina and Venezuela. Moreover, growing awareness regarding cyber security among users of industrial control systems is another factor that will positively impact industry growth over the next eight years.
Growth Factors:
- Increasing demand for industrial automation and control systems from process and discrete industries is expected to drive the growth of relay and industrial control manufacturing market.
- Proliferation of Internet of Things (IoT) is anticipated to create new opportunities for the relay and industrial control manufacturing market over the forecast period.
- Growing demand for energy-efficient systems across various industry verticals is projected to boost the growth of relay and industrial control manufacturing market in near future.
- Rising investments in research & development activities by leading players is expected to propel the growth of this market during forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Relay And Industrial Control Manufacturing Market Research Report
By Type
Relays, Industrial Control
By Application
Industrial, Manufacture, Others
By Companies
ABB, Rockwell Automation, Schneider Electric, Omron, Siemens
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Relay And Industrial Control Manufacturing Market Report Segments:
The global Relay And Industrial Control Manufacturing market is segmented on the basis of:
Types
Relays, Industrial Control
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, Manufacture, 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:
- ABB
- Rockwell Automation
- Schneider Electric
- Omron
- Siemens
Highlights of The Relay And Industrial Control Manufacturing 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:
- Relays
- Industrial Control
- By Application:
- Industrial
- Manufacture
- 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 Relay And Industrial Control Manufacturing 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?
Relay and industrial control manufacturing is the process of designing, producing, and installing electronic controls for industrial processes. These controls can include switches, relays, controllers, and other devices used to manage energy usage in factories or other large commercial facilities.
Some of the major companies in the relay and industrial control manufacturing market are ABB, Rockwell Automation, Schneider Electric, Omron, Siemens.
The relay and industrial control manufacturing market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size & Forecast, 2018-2028 4.5.1 Relay And Industrial Control Manufacturing Market Size and Y-o-Y Growth 4.5.2 Relay And Industrial Control Manufacturing Market Absolute $ Opportunity
Chapter 5 Global Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size Forecast by Type
5.2.1 Relays
5.2.2 Industrial Control
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Manufacture
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Analysis and Forecast
9.1 Introduction
9.2 North America Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size Forecast by Type
9.6.1 Relays
9.6.2 Industrial Control
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 Relay And Industrial Control Manufacturing Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Manufacture
9.10.3 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 Relay And Industrial Control Manufacturing Analysis and Forecast
10.1 Introduction
10.2 Europe Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size Forecast by Type
10.6.1 Relays
10.6.2 Industrial Control
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 Relay And Industrial Control Manufacturing Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Manufacture
10.10.3 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 Relay And Industrial Control Manufacturing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size Forecast by Type
11.6.1 Relays
11.6.2 Industrial Control
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 Relay And Industrial Control Manufacturing Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Manufacture
11.10.3 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 Relay And Industrial Control Manufacturing Analysis and Forecast
12.1 Introduction
12.2 Latin America Relay And Industrial Control Manufacturing 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 Relay And Industrial Control Manufacturing Market Size Forecast by Type
12.6.1 Relays
12.6.2 Industrial Control
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 Relay And Industrial Control Manufacturing Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Manufacture
12.10.3 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) Relay And Industrial Control Manufacturing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Relay And Industrial Control Manufacturing 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) Relay And Industrial Control Manufacturing Market Size Forecast by Type
13.6.1 Relays
13.6.2 Industrial Control
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) Relay And Industrial Control Manufacturing Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Manufacture
13.10.3 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 Relay And Industrial Control Manufacturing Market: Competitive Dashboard
14.2 Global Relay And Industrial Control Manufacturing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Rockwell Automation
14.3.3 Schneider Electric
14.3.4 Omron
14.3.5 Siemens