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The industrial monitoring relays market is forecasted to grow by USD 418.4 million during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the industrial monitoring relays market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing need for safe and reliable monitoring devices for power equipment, rising demand for remote monitoring in power sector, and modernization of power network is increasing demand for monitoring relay.
The industrial monitoring relays market is segmented as below:
By End-user
- Power industry
- Oil and gas industry
- Automotive industry
- Chemical industry
- Others
By Product
- Voltage monitoring relays
- Phase monitoring relays
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the industrial monitoring relays market covers the following areas:
- Industrial monitoring relays market sizing
- Industrial monitoring relays market forecast
- Industrial monitoring relays market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
360 degree market analysis
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global industrial monitoring relays market: ABB Ltd., AIC Technik Pvt. Ltd., ALSTOM SA, Banner Engineering Corp., Bender GmbH and Co. KG, Broyce Control, Coto Technology, Danfoss AS, Eaton Corp. Plc, FINDER SpA, Fujitsu Ltd., FURUKAWA Co. Ltd., General Electric Co., Macromatic Industrial Controls Inc., OMRON Corp., Phoenix Contact GmbH and Co. KG, Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Shenle Corp. Ltd., Siemens AG, TE Connectivity Ltd., and WEG S.A.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of iot based monitoring relays."
According to the report, one of the major drivers for this market is the growing need for safe and reliable monitoring devices for power equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- AIC Technik Pvt. Ltd.
- ALSTOM SA
- Banner Engineering Corp.
- Bender GmbH and Co. KG
- Broyce Control
- Coto Technology
- Danfoss AS
- Eaton Corp. Plc
- FINDER SpA
- Fujitsu Ltd.
- FURUKAWA Co. Ltd.
- General Electric Co.
- Macromatic Industrial Controls Inc.
- OMRON Corp.
- Phoenix Contact GmbH and Co. KG
- Pilz GmbH and Co. KG
- Rockwell Automation Inc.
- Schneider Electric SE
- Schweitzer Engineering Laboratories Inc.
- Shenle Corp. Ltd.
- Siemens AG
- TE Connectivity Ltd.
- WEG S.A
