The global thermal overload relays market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for thermal overload relays in various applications such as generators, motors, transformers and capacitor. Thermal overload relays are used in these applications for protection against overcurrents and short circuits that may lead to overheating or fire hazards. The increasing demand for thermal overload relays in these applications is expected to drive the growth of this market during the forecast period.
The global thermal overload relay market by type is segmented into manual reset and automatic reset types. The manual reset type accounted for a larger share of the total market size in 2018 owing to its lower cost compared with automatic reset types which require an external power supply unit (PSU). However, with technological advancements being made towards automatic reset types, it is anticipated that they will account for a larger share of the total market size by 2030 due to their higher efficiency levels than manual reset types.
The global thermal overload relay market by application includes generators, motors, transformers and capacitors which accounted for a combined share of more than 50% in 2018 owing to their high usage rates across various industries such as power generation plants and manufacturing units where they are used as safety devices against overcurrents or short circuits that may lead to overheating or fire hazards respectively.
Some Of The Growth Factors Of This Market:
- Increasing demand for power generation.
- Increasing demand for energy efficiency.
- Growing need to reduce carbon emissions.
- Rising awareness about the environmental impact of thermal overloads.
- Increasing number of power plants.
Industry Growth Insights published a new data on “Thermal Overload Relays Market”. The research report is titled “Thermal Overload Relays Market research by Types (Manual Reset Thermal Overload Relays, Automatic Reset Thermal Overload Relays), By Applications (Generators, Motors, Transformers, Capacitor, Other), By Players/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”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Overload Relays Market Research Report
By Type
Manual Reset Thermal Overload Relays, Automatic Reset Thermal Overload Relays
By Application
Generators, Motors, Transformers, Capacitor, Other
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Overload Relays Market Report Segments:
The global Thermal Overload Relays market is segmented on the basis of:
Types
Manual Reset Thermal Overload Relays, Automatic Reset Thermal Overload 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
Generators, Motors, Transformers, Capacitor, Other
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 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:
- Manual Reset Thermal Overload Relays
- Automatic Reset Thermal Overload Relays
- By Application:
- Generators
- Motors
- Transformers
- Capacitor
- Other
- 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 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.
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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?
Thermal overload relays are used to protect electrical equipment from overheating. When the temperature inside an electrical equipment reaches a certain point, the relay will open and allow cool air into the equipment to reduce its temperature.
Some of the major companies in the thermal overload relays 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 relays market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermal Overload Relays 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. Thermal Overload Relays Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermal Overload Relays Market - Supply Chain
4.5. Global Thermal Overload Relays Market Forecast
4.5.1. Thermal Overload Relays Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermal Overload Relays Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermal Overload Relays Market Absolute $ Opportunity
5. Global Thermal Overload Relays 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. Thermal Overload Relays Market Size and Volume Forecast by Type
5.3.1. Manual Reset Thermal Overload Relays
5.3.2. Automatic Reset Thermal Overload Relays
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermal Overload Relays Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermal Overload Relays Market Size and Volume Forecast by Application
6.3.1. Generators
6.3.2. Motors
6.3.3. Transformers
6.3.4. Capacitor
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermal Overload Relays Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermal Overload Relays Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermal Overload Relays Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermal Overload Relays Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermal Overload Relays Demand Share Forecast, 2019-2026
9. North America Thermal Overload Relays 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 Thermal Overload Relays 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 Thermal Overload Relays Market Size and Volume Forecast by Application
9.4.1. Generators
9.4.2. Motors
9.4.3. Transformers
9.4.4. Capacitor
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermal Overload Relays Market Size and Volume Forecast by Type
9.7.1. Manual Reset Thermal Overload Relays
9.7.2. Automatic Reset Thermal Overload Relays
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermal Overload Relays Demand Share Forecast, 2019-2026
10. Latin America Thermal Overload Relays 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
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermal Overload Relays Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermal Overload Relays Market Size and Volume Forecast by Application
10.4.1. Generators
10.4.2. Motors
10.4.3. Transformers
10.4.4. Capacitor
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermal Overload Relays Market Size and Volume Forecast by Type
10.7.1. Manual Reset Thermal Overload Relays
10.7.2. Automatic Reset Thermal Overload Relays
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermal Overload Relays Demand Share Forecast, 2019-2026
11. Europe Thermal Overload Relays 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
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermal Overload Relays Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermal Overload Relays Market Size and Volume Forecast by Application
11.4.1. Generators
11.4.2. Motors
11.4.3. Transformers
11.4.4. Capacitor
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermal Overload Relays Market Size and Volume Forecast by Type
11.7.1. Manual Reset Thermal Overload Relays
11.7.2. Automatic Reset Thermal Overload Relays
11.8. Basi Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermal Overload Relays Demand Share, 2019-2026
12. Asia Pacific Thermal Overload Relays 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
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermal Overload Relays Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermal Overload Relays Market Size and Volume Forecast by Application
12.4.1. Generators
12.4.2. Motors
12.4.3. Transformers
12.4.4. Capacitor
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermal Overload Relays Market Size and Volume Forecast by Type
12.7.1. Manual Reset Thermal Overload Relays
12.7.2. Automatic Reset Thermal Overload Relays
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermal Overload Relays Demand Share, 2019-2026
13. Middle East & Africa Thermal Overload Relays 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
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermal Overload Relays 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. Middle East & Africa Thermal Overload Relays Market Size and Volume Forecast by Application
13.4.1. Generators
13.4.2. Motors
13.4.3. Transformers
13.4.4. Capacitor
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermal Overload Relays Market Size and Volume Forecast by Type
13.7.1. Manual Reset Thermal Overload Relays
13.7.2. Automatic Reset Thermal Overload Relays
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermal Overload Relays Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermal Overload Relays Market: Market Share Analysis
14.2. Thermal Overload Relays Distributors and Customers
14.3. Thermal Overload Relays Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Schneider Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Eaton
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fuji Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kawamura Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Delixi
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rockwell Automation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sprecher+Schuh
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WEG Electric
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lovato
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. China Markari Science & Technology
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Meba Electric
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. GREEGOO
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. GWIEC Electric
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
