Market Overview:
The global thermal overload relay 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 thermal overload relays from various end-use industries, such as manufacturing, electronics, aerospace and defense, and others. In addition, the growing awareness about safety among consumers is also propelling the growth of this market. The melting alloy thermal overload relay segment is projected to grow at a higher CAGR than the bimetallic strip thermal overload relay segment during the forecast period. This can be attributed to its features such as high accuracy and reliability in detecting overcurrents.
Product Definition:
A thermal overload relay is a device that monitors the temperature of an electrical system and opens the circuit if it becomes too hot. Thermal overload relays are important because they protect electrical equipment from being damaged by overheating.
Melting Alloy Thermal Overload Relay:
Melting alloy thermal overload relay is a device that opens and closes an electrical circuit, which allows safe operation of the equipment during power surges. It protects electronic devices from damage caused by sudden increases in temperature.
The melting alloy thermal overload relay works as follows: The normal operating temperature of the equipment is considered as a base line. During operation, there may be several factors that influence the working of any device such as changes in input voltage or load current fluctuations etc.
Bimetallic Strip Thermal Overload Relay:
Bimetallic strip thermal overload relay is a two-contact, non-energized device used to interrupt the current flow in the event of overheating. It has no mechanical function and serves only as a barrier for electrical contact. The bimetallic strip is made from thin aluminum foil and consists of two metals; normally silver or copper that are heated until they become flexible. When this happens, they make contact creating an interruption in the circuit which prevents damage from occurring.
Application Insights:
The manufacturing segment dominated the global demand with a share of over 40.0% in 2017 and is expected to witness significant growth over the forecast period. The growing manufacturing industry, particularly in Asia Pacific and Middle East & Africa, is anticipated to drive the market growth over the forecast period.
Electronics was another major application segment accounting for a share of 29.5% in 2017 owing to increasing demand from various end-use industries such as consumer electronics, telecommunication equipment and IT infrastructure & services across the globe.
Regional Analysis:
Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrial operations, especially manufacturing, which can lead to an increased demand for thermal overload relays. For instance, China’s industrial output grew by 6.7% from 2014 to 2016 and reached nearly USD X trillion during the same year as per World Bank data published in 2018.
Europe also held a significant market share owing to stringent government regulations regarding energy consumption coupled with growing awareness among end-users about efficient electrical equipment designs that minimize power consumption while ensuring safety against fire or explosion caused due to excessive temperature rise within equipment [1].
Growth Factors:
- Increasing demand for thermal overload relays from the industrial sector as a result of the growing need for protection against electrical overloads and short circuits
- Rising awareness about the benefits of using thermal overload relays in industries
- Growing investments by governments in infrastructure development projects, which is expected to lead to an increase in demand for thermal overload relays from the construction sector
- Rapid expansion of manufacturing facilities across various regions, which is likely to create a higher demand for thermal overload relays over the forecast period
- Technological advancements that have led to the development of more efficient and reliable thermal overload relay products
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Overload Relay Market Research Report
By Type
Melting Alloy Thermal Overload Relay, Bimetallic Strip Thermal Overload Relay
By Application
Manufacturing, Electronics, Aerospace and Defense, Others
By Companies
ABB, Schneider Electric, Eaton, Siemens, General Electric, Mitsubishi Electric, Fuji Electric, Kawamura Electric, Delixi, Rockwell Automation, Sprecher+Schuh, WEG Electric, Lovato, China Markari Science & Technology, Meba Electric, GREEGOO, GWIEC Electric
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
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Overload Relay Market Report Segments:
The global Thermal Overload Relay market is segmented on the basis of:
Types
Melting Alloy Thermal Overload Relay, Bimetallic Strip Thermal Overload Relay
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
Manufacturing, Electronics, Aerospace and Defense, 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
- Schneider Electric
- Eaton
- Siemens
- General Electric
- Mitsubishi Electric
- Fuji Electric
- Kawamura Electric
- Delixi
- Rockwell Automation
- Sprecher+Schuh
- WEG Electric
- Lovato
- China Markari Science & Technology
- Meba Electric
- GREEGOO
- GWIEC Electric
Highlights of The Thermal Overload Relay 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:
- Melting Alloy Thermal Overload Relay
- Bimetallic Strip Thermal Overload Relay
- By Application:
- Manufacturing
- Electronics
- Aerospace and Defense
- 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 Thermal Overload Relay 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A thermal overload relay is a safety device that helps protect electrical equipment from overheating. When the temperature inside an electrical equipment reaches a certain level, the thermal overload relay will activate and shut down the power to the equipment.
Some of the major players in the thermal overload relay market are ABB, Schneider Electric, Eaton, Siemens, General Electric, Mitsubishi Electric, Fuji Electric, Kawamura Electric, Delixi, Rockwell Automation, Sprecher+Schuh, WEG Electric, Lovato, China Markari Science & Technology, Meba Electric, GREEGOO, GWIEC Electric.
The thermal overload relay 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 Thermal Overload Relay 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 Thermal Overload Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Overload Relay 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 Thermal Overload Relay 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 Thermal Overload Relay Market Size & Forecast, 2020-2028
4.5.1 Thermal Overload Relay Market Size and Y-o-Y Growth
4.5.2 Thermal Overload Relay 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 Melting Alloy Thermal Overload Relay
5.2.2 Bimetallic Strip Thermal Overload Relay
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 Manufacturing
6.2.2 Electronics
6.2.3 Aerospace and Defense
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Overload Relay 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 Thermal Overload Relay 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 Melting Alloy Thermal Overload Relay
9.6.2 Bimetallic Strip Thermal Overload Relay
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 Manufacturing
9.10.2 Electronics
9.10.3 Aerospace and Defense
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 Melting Alloy Thermal Overload Relay
10.6.2 Bimetallic Strip Thermal Overload Relay
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 Manufacturing
10.10.2 Electronics
10.10.3 Aerospace and Defense
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 Melting Alloy Thermal Overload Relay
11.6.2 Bimetallic Strip Thermal Overload Relay
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 Manufacturing
11.10.2 Electronics
11.10.3 Aerospace and Defense
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 Melting Alloy Thermal Overload Relay
12.6.2 Bimetallic Strip Thermal Overload Relay
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 Manufacturing
12.10.2 Electronics
12.10.3 Aerospace and Defense
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 Melting Alloy Thermal Overload Relay
13.6.2 Bimetallic Strip Thermal Overload Relay
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 Manufacturing
13.10.2 Electronics
13.10.3 Aerospace and Defense
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 Thermal Overload Relay Market: Competitive Dashboard
14.2 Global Thermal Overload Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Eaton
14.3.4 Siemens
14.3.5 General Electric
14.3.6 Mitsubishi Electric
14.3.7 Fuji Electric
14.3.8 Kawamura Electric
14.3.9 Delixi
14.3.10 Rockwell Automation
14.3.11 Sprecher+Schuh
14.3.12 WEG Electric
14.3.13 Lovato
14.3.14 China Markari Science & Technology
14.3.15 Meba Electric
14.3.16 GREEGOO
14.3.17 GWIEC Electric
