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LAMEA Relay Market Size, Share & Trends Analysis Report By Mounting Type (PCB Mount, Plug In, Din Rail Mount, and Panel Mount), By Type, By End User. By Country and Growth Forecast, 2023 - 2030

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    Report

  • 177 Pages
  • March 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953530
The LAMEA Relay Market would witness market growth of 9.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 7383.2 thousand units, showcasing a growth of 11.6% (2023-2030).

Time relays are indispensable components within the relay market, offering precise control over time-based functions across various applications. These relays, categorized by type, include electromechanical, solid-state, and digital variants. Electromechanical time relays leverage mechanical movements to initiate time-delayed actions, suitable for applications requiring robustness and reliability. Therefore, the Brazil market processed 771.48 thousand units of time relays in 2022.



The Brazil market dominated the LAMEA Relay Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $232.5 million by 2030. The Argentina market is showcasing a CAGR of 10.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 9.2% during (2023 - 2030).

The rise of smart homes has led to an increased use of relays in home automation systems. Relays enable the remote control of lighting, heating, ventilation, and air conditioning (HVAC) systems, enhancing energy efficiency and giving homeowners greater control over their living spaces. HVAC systems provide advantages to relay-based home automation as they are tasked with the responsibility of ensuring a comfortable indoor environment. Smart thermostats equipped with relays enable users to control the temperature of their homes remotely. Relays also play a role in automating ventilation systems and monitoring indoor air quality.

Furthermore, relays have applications in medical equipment, where precision and reliability are paramount. From diagnostic devices to imaging equipment, relays contribute to the seamless functioning of medical technologies, ensuring accuracy in diagnostics and treatment. Advanced medical imaging technologies, including X-ray machines, MRI (Magnetic Resonance Imaging) scanners, CT (Computed Tomography) scanners, and ultrasound devices, utilize relays to control the intricate interplay of electrical signals within these complex systems. A rise in the medical equipment sector will likely impact the relay demand.

Brazil has been investing in developing wind and solar power plants to diversify its energy mix and reduce reliance on traditional sources. Relays are integral components of power generation infrastructure, serving a vital function in these facilities by guaranteeing the dependable and effective functioning of electrical systems, control panels, and other related elements. Thus, the rising automotive and renewable energy sectors in LAMEA will assist in the expansion of the regional relay market.

Based on Mounting Type, the market is segmented into PCB Mount, Plug In, Din Rail Mount, and Panel Mount. Based on Type, the market is segmented into Time Relay, Protection Relay, Monitor & Control Relay, General Purpose Relays, and Others. Based on End User, the market is segmented into Power Generation & Distribution, Industrial Automation, Communication & Technology, Automotive, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

  • Fujitsu Limited
  • ABB Ltd.
  • Broadcom, Inc.
  • Eaton Corporation PLC
  • Schneider Electric SE
  • Siemens AG
  • TE Connectivity Ltd.
  • General Electric Company
  • Rockwell Automation, Inc.
  • Omron Corporation

Market Report Segmentation

By Mounting Type (Volume, Thousand Units, USD Billion, 2019-2030)
  • PCB Mount
  • Plug In
  • Din Rail Mount
  • Panel Mount
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
  • Time Relay
  • Protection Relay
  • Monitor & Control Relay
  • General Purpose Relays
  • Others
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
  • Power Generation & Distribution
  • Industrial Automation
  • Communication & Technology
  • Automotive
  • Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Relay Market, by Mounting Type
1.4.2 LAMEA Relay Market, by Type
1.4.3 LAMEA Relay Market, by End User
1.4.4 LAMEA Relay Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Product Launches and Product Expansions
4.2.2 Acquisition and Mergers
4.2.3 Geographical Expansions & Business Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Dec - 2023, Aug) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. LAMEA Relay Market by Mounting Type
5.1 LAMEA PCB Mount Market by Country
5.2 LAMEA Plug In Market by Country
5.3 LAMEA Din Rail Mount Market by Country
5.4 LAMEA Panel Mount Market by Country
Chapter 6. LAMEA Relay Market by Type
6.1 LAMEA Time Relay Market by Country
6.2 LAMEA Protection Relay Market by Country
6.3 LAMEA Monitor & Control Relay Market by Country
6.4 LAMEA General Purpose Relays Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Relay Market by End User
7.1 LAMEA Power Generation & Distribution Market by Country
7.2 LAMEA Industrial Automation Market by Country
7.3 LAMEA Communication & Technology Market by Country
7.4 LAMEA Automotive Market by Country
7.5 LAMEA Others Market by Country
Chapter 8. LAMEA Relay Market by Country
8.1 Brazil Relay Market
8.1.1 Brazil Relay Market by Mounting Type
8.1.2 Brazil Relay Market by Type
8.1.3 Brazil Relay Market by End User
8.2 Argentina Relay Market
8.2.1 Argentina Relay Market by Mounting Type
8.2.2 Argentina Relay Market by Type
8.2.3 Argentina Relay Market by End User
8.3 UAE Relay Market
8.3.1 UAE Relay Market by Mounting Type
8.3.2 UAE Relay Market by Type
8.3.3 UAE Relay Market by End User
8.4 Saudi Arabia Relay Market
8.4.1 Saudi Arabia Relay Market by Mounting Type
8.4.2 Saudi Arabia Relay Market by Type
8.4.3 Saudi Arabia Relay Market by End User
8.5 South Africa Relay Market
8.5.1 South Africa Relay Market by Mounting Type
8.5.2 South Africa Relay Market by Type
8.5.3 South Africa Relay Market by End User
8.6 Nigeria Relay Market
8.6.1 Nigeria Relay Market by Mounting Type
8.6.2 Nigeria Relay Market by Type
8.6.3 Nigeria Relay Market by End User
8.7 Rest of LAMEA Relay Market
8.7.1 Rest of LAMEA Relay Market by Mounting Type
8.7.2 Rest of LAMEA Relay Market by Type
8.7.3 Rest of LAMEA Relay Market by End User
Chapter 9. Company Profiles
9.1 Fujitsu Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 ABB Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.5.2 Geographical Expansions:
9.2.6 SWOT Analysis
9.3 Broadcom, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Eaton Corporation PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Geographical Expansions & Business Expansions:
9.5.6 SWOT Analysis
9.6 Siemens AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 TE Connectivity Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 General Electric Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Rockwell Automation, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Omron Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • Fujitsu Limited
  • ABB Ltd.
  • Broadcom, Inc.
  • Eaton Corporation PLC
  • Schneider Electric SE
  • Siemens AG
  • TE Connectivity Ltd.
  • General Electric Company
  • Rockwell Automation, Inc.
  • Omron Corporation

Methodology

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