Market Overview:
The global industrial 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 industrial automation, growing demand for relays in military and electronics applications, and rising demand for relays in other applications. The electromechanical relay segment is expected to dominate the global industrial relay market during the forecast period. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its high reliability and low cost.
Product Definition:
A relay is an electrically operated switch. Relays are used where it is necessary to control a large amount of current with a small amount of current. For example, relays are used to turn lights on and off, start motors, and open and close gates.
Electromechanical:
Electromechanical is a technology that uses electrical energy for mechanical work. It can be used to create motion in machines and devices without using any fuel or source of energy other than the electric current itself. Electromechanical systems are classified into two types on the basis of their functional entities, viz., electrical machines and mechanical devices. Electrical machine includes servo motors, solenoids, relays, DC motors & AC motors while mechanical device comprises actuators & sensors among others.
Latching:
Latching is a technique used in industrial relay systems to avoid the flow of current through an open circuit. It helps in maintaining the closed state of circuits even after the power source is removed from some parts of the system. The process involves two devices, called as latches, which are connected across a circuit and when both are pressed simultaneously then current cannot flow through open circuits; instead it will go through closed circuits thus making sure that all parts of system stay powered up.
Application Insights:
The industrial automation segment dominated the global relay market in 2017, accounting for over 40% of the overall revenue. The segment is expected to witness significant growth over the forecast period owing to increasing demand from manufacturing sectors, including automotive and electronics. Automation has enabled humans to work more efficiently and productively by reducing errors and providing consistency in production processes. This technology is widely used across various industries such as food & beverage, chemical, paper & pulp among others.
Solid-state relays offer several advantages including higher switching speed (10s of Megahertz), greater energy efficiency (over 50% less power consumption), better isolation against voltage fluctuations and improved durability due to integrated circuit chips that control operating functions without relying on mechanical parts or external components. These are increasingly being adopted by military applications owing to their superior performance characteristics when compared with electromechanical relays commonly used in other applications such as industrial automation or household appliances among others).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of rapid industrialization and increasing foreign investments. China, Japan, South Korea, Taiwan, Hong Kong are some of the prominent markets that have been experiencing strong economic growth for years together.
The Asia Pacific region is also home to several emerging economies including India and Indonesia that are poised to experience strong economic growth in near future as a result of various government initiatives such as “Make in Indiaâ€and “KiwiSaver†among others being implemented by Indian governments across various states/union territories such as Andhra Pradesh, Telangana State etc., along with other socio-economic factors aiding industrial development across these regions.
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features in vehicles
- Growing demand for industrial relays from the renewable energy sector to meet the rising need for power generation
- Rising demand from developing countries due to increasing industrialization and urbanization
- Proliferation of Internet of Things (IoT) and growing adoption of smart technologies across industries
- Growing popularity of relay-based solutions among Original Equipment Manufacturers (OEMs)
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Relay Market Research Report
By Type
Electromechanical, Latching, Solid Relays, Overload Protection, Automotive, Other Relays
By Application
Industrial Automation, Military, Electronics, Others
By Companies
Comus International Inc.(U.S.), Crydom Inc.(U.S.), Alstom S.A.(France), Omron Corp.(Japan), Fujitsu Ltd.(Japan), Teledyne Relays Inc.(U.S), Coto Technology Inc.(U.S.), StandexMeder Electronics GmbH (Germany), Siemens AG (Germany), Schneider Electric SE(France)
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Relay Market Report Segments:
The global Industrial Relay market is segmented on the basis of:
Types
Electromechanical, Latching, Solid Relays, Overload Protection, Automotive, Other Relays
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 Automation, Military, Electronics, 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:
- Comus International Inc.(U.S.)
- Crydom Inc.(U.S.)
- Alstom S.A.(France)
- Omron Corp.(Japan)
- Fujitsu Ltd.(Japan)
- Teledyne Relays Inc.(U.S)
- Coto Technology Inc.(U.S.)
- StandexMeder Electronics GmbH (Germany)
- Siemens AG (Germany)
- Schneider Electric SE(France)
Highlights of The Industrial 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:
- Electromechanical
- Latching
- Solid Relays
- Overload Protection
- Automotive
- Other Relays
- By Application:
- Industrial Automation
- Military
- Electronics
- 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 Industrial 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
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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?
Industrial relay is a communication system used in factories and other industrial settings. It allows workers to communicate with each other without having to go through a supervisor.
Some of the major companies in the industrial relay market are Comus International Inc.(U.S.), Crydom Inc.(U.S.), Alstom S.A.(France), Omron Corp.(Japan), Fujitsu Ltd.(Japan), Teledyne Relays Inc.(U.S), Coto Technology Inc.(U.S.), StandexMeder Electronics GmbH (Germany), Siemens AG (Germany), Schneider Electric SE(France).
The industrial relay market is expected to register a CAGR of 5.5%.
1 Executive Summary2 Assumptions and Acronyms Used
3 Research Methodology
4 Industrial Relay Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.2 Macro-Economic Factors
4.2.1 Industry Outlook
4.3 Industrial Relay Market Dynamics
4.3.1 Market Drivers
4.3.2 Market Restraints
4.3.3 Opportunity
4.3.4 Market Trends
4.4 Industrial Relay Market - Supply Chain
4.5 Global Industrial Relay Market Forecast
4.5.1 Industrial Relay Market Size (US$ Mn) and Y-o-Y Growth
4.5.2 Industrial Relay Market Size (000’ Units) and Y-o-Y Growth
4.5.3 Industrial Relay Market Absolute $ Opportunity
5 Global Industrial Relay Market Analysis and Forecast by Type
5.1 Market Trends
5.2 Introduction
5.2.1 Basis Point Share (BPS) Analysis by Type
5.2.2 Y-o-Y Growth Projections by Type
5.3 Industrial Relay Market Size and Volume Forecast by Type
5.3.1 Electromechanical
5.3.2 Latching
5.3.3 Solid Relays
5.3.4 Others
5.4 Absolute $ Opportunity Assessment by Type
5.5 Market Attractiveness/Growth Potential Analysis by Type
6 Global Industrial Relay Market Analysis and Forecast by Industry Vertical
6.1 Market Trends
6.2 Introduction
6.2.1 Basis Point Share (BPS) Analysis by Industry Vertical
6.2.2 Y-o-Y Growth Projections by Industry Vertical
6.3 Industrial Relay Market Size and Volume Forecast by Industry Vertical
6.3.1 Industrial Automation
6.3.2 Military
6.3.3 Electronics
6.3.4 Overload Protection
6.3.5 Automotive
6.3.6 Others Relays
6.4 Absolute $ Opportunity Assessment by Industry Vertical
6.5 Market Attractiveness/Growth Potential Analysis by Industry Vertical
7 Global Industrial Relay Market Analysis and Forecast by Region
7.1 Market Trends
7.2 Introduction
7.2.1 Basis Point Share (BPS) Analysis by Region
7.2.2 Y-o-Y Growth Projections by Region
7.3 Industrial Relay Market Size and Volume Forecast by Region
7.3.1 North America
7.3.2 Europe
7.3.3 Asia Pacific
7.3.4 Latin America
7.3.5 Middle East and Africa (MEA)
7.4 Absolute $ Opportunity Assessment by Region
7.5 Market Attractiveness/Growth Potential Analysis by Region
7.6 Global Industrial Relay Demand Share Forecast, 2019-2026
8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Market Trends
8.3 Patient Data
8.3.1 North America
8.3.2 Europe
8.3.3 Asia Pacific
8.3.4 Latin America
8.3.5 Middle East and Africa (MEA)
8.4 Current Impact Analysis
8.5 Future Impact Analysis
8.6 Economic Impact Analysis
8.7 Government Policies
8.8 Investment Scenario
9 North America Industrial Relay Market Analysis and Forecast
9.1 Introduction
9.1.1 Basis Point Share (BPS) Analysis by Country
9.1.2 Y-o-Y Growth Projections by Country
9.2 North America Industrial Relay Market Size and Volume Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Absolute $ Opportunity Assessment by Country
9.4 North America Industrial Relay Market Size and Volume Forecast by Type
9.4.1 Electromechanical
9.4.2 Latching
9.4.3 Solid Relays
9.4.4 Overload Protection
9.4.5 Automotive
9.4.6 Others Relays
9.5 Basis Point Share (BPS) Analysis by Type
9.6 Y-o-Y Growth Projections by Type
9.7 North America Industrial Relay Market Size and Volume Forecast by Industry Vertical
9.7.1 Industrial Automation
9.7.2 Military
9.7.3 Electronics
9.7.4 Others
9.8 Basis Point Share (BPS) Analysis by Industry Vertical
9.9 Y-o-Y Growth Projections by Industry Vertical
9.10 Market Attractiveness/Growth Potential Analysis
9.10.1 By Country
9.10.2 By Type
9.10.3 By Industry Vertical
9.11 North America Industrial Relay Demand Share Forecast, 2019-2026
10 Europe Industrial Relay Market Analysis and Forecast
10.1 Introduction
10.1.1 Basis Point Share (BPS) Analysis by Country
10.1.2 Y-o-Y Growth Projections by Country
10.2 Europe Industrial Relay Market Size and Volume 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 Absolute $ Opportunity Assessment by Country
10.4 Europe Industrial Relay Market Size and Volume Forecast by Type
10.4.1 Electromechanical
10.4.2 Latching
10.4.3 Solid Relays
10.4.4 Overload Protection
10.4.5 Automotive
10.4.6 Others Relays
10.5 Basis Point Share (BPS) Analysis by Type
10.6 Y-o-Y Growth Projections by Type
10.7 Europe Industrial Relay Market Size and Volume Forecast by Industry Vertical
10.7.1 Industrial Automation
10.7.2 Military
10.7.3 Electronics
10.7.4 Others
10.8 Basis Point Share (BPS) Analysis by Industry Vertical
10.9 Y-o-Y Growth Projections by Industry Vertical
10.10 Market Attractiveness/Growth Potential Analysis
10.10.1 By Country
10.10.2 By Type
10.10.3 By Industry Vertical
10.11 Europe Industrial Relay Demand Share Forecast, 2019-2026
11 Asia Pacific Industrial Relay Market Analysis and Forecast
11.1 Introduction
11.1.1 Basis Point Share (BPS) Analysis by Country
11.1.2 Y-o-Y Growth Projections by Country
11.2 Asia Pacific Industrial Relay Market Size and Volume 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 Rest of Asia Pacific (APAC)
11.3 Absolute $ Opportunity Assessment by Country
11.4 Asia Pacific Industrial Relay Market Size and Volume Forecast by Type
11.4.1 Electromechanical
11.4.2 Latching
11.4.3 Solid Relays
11.4.4 Overload Protection
11.4.5 Automotive
11.4.6 Others Relays
11.5 Basis Point Share (BPS) Analysis by Type
11.6 Y-o-Y Growth Projections by Type
11.7 Asia Pacific Industrial Relay Market Size and Volume Forecast by Industry Vertical
11.7.1 Industrial Automation
11.7.2 Military
11.7.3 Electronics
11.7.4 Others
11.8 Basis Point Share (BPS) Analysis by Industry Vertical
11.9 Y-o-Y Growth Projections by Industry Vertical
11.10 Market Attractiveness/Growth Potential Analysis
11.10.1 By Country
11.10.2 By Type
11.10.3 By Industry Vertical
11.11 Asia Pacific Industrial Relay Demand Share Forecast, 2019-2026
12 Latin America Industrial Relay Market Analysis and Forecast
12.1 Introduction
12.1.1 Basis Point Share (BPS) Analysis by Country
12.1.2 Y-o-Y Growth Projections by Country
12.2 Latin America Industrial Relay Market Size and Volume Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Absolute $ Opportunity Assessment by Country
12.4 Latin America Industrial Relay Market Size and Volume Forecast by Type
12.4.1 Electromechanical
12.4.2 Latching
12.4.3 Solid Relays
12.4.4 Overload Protection
12.4.5 Automotive
12.4.6 Others Relays
12.5 Basis Point Share (BPS) Analysis by Type
12.6 Y-o-Y Growth Projections by Type
12.7 Latin America Industrial Relay Market Size and Volume Forecast by Industry Vertical
12.7.1 Industrial Automation
12.7.2 Military
12.7.3 Electronics
12.7.4 Others
12.8 Basis Point Share (BPS) Analysis by Industry Vertical
12.9 Y-o-Y Growth Projections by Industry Vertical
12.10 Market Attractiveness/Growth Potential Analysis
12.10.1 By Country
12.10.2 By Type
12.10.3 By Industry Vertical
12.11 Latin America Industrial Relay Demand Share Forecast, 2019-2026
13 Middle East & Africa Industrial Relay Market Analysis and Forecast
13.1 Introduction
13.1.1 Basis Point Share (BPS) Analysis by Country
13.1.2 Y-o-Y Growth Projections by Country
13.2 MEA Industrial Relay Market Size and Volume 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 Absolute $ Opportunity Assessment by Country
13.4 MEA Industrial Relay Market Size and Volume Forecast by Type
13.4.1 Electromechanical
13.4.2 Latching
13.4.3 Solid Relays
13.4.4 Overload Protection
13.4.5 Automotive
13.4.6 Others Relays
13.5 Basis Point Share (BPS) Analysis by Type
13.6 Y-o-Y Growth Projections by Type
13.7 MEA Industrial Relay Market Size and Volume Forecast by Industry Vertical
13.7.1 Industrial Automation
13.7.2 Military
13.7.3 Electronics
13.7.4 Others
13.8 Basis Point Share (BPS) Analysis by Industry Vertical
13.9 Y-o-Y Growth Projections by Industry Vertical
13.10 Market Attractiveness/Growth Potential Analysis
13.10.1 By Country
13.10.2 By Type
13.10.3 By Industry Vertical
13.11 MEA Industrial Relay Demand Share Forecast, 2019-2026
14 Competition Landscape
14.1 Global Industrial Relay Market: Market Share Analysis
14.2 Industrial Relay Distributors and Customers
14.3 Industrial Relay Market: Competitive Dashboard
14.4 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.4.1 Alstom S.A.
14.4.2 Comus International Inc
14.4.3 Coto Technology Inc.
14.4.4 Crydom Inc.
14.4.5 Fujitsu Ltd.
14.4.6 Omron Corp.
14.4.7 Schneider Electric SE
14.4.8 Siemens AG
14.4.9 StandexMeder Electronics GmbH
14.4.10 Teledyne Relays Inc.
