Emergence of Digitalization and Industry 4.0 is a Key Trend Gaining Market Momentum
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The industrial relays market is forecasted to grow by USD 1120.6 million during 2023-2028, accelerating at a CAGR of 5.02% during the forecast period. The report on the industrial 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 increasing adoption of programmable logic controllers (PLCS) in industries, enhanced reliability and durability of industrial relays, and increasing importance of smart grid systems.
The industrial relays market is segmented as below:
By Product
- Electromechanical relays
- Solid-state relays
- Hybrid relays
- Reed relays
- General-purpose relays
By End-user
- Process industries
- Discrete industries
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the industrial relays market covers the following areas:
- Industrial relays market sizing
- Industrial relays market forecast
- Industrial 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 Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global industrial relays market: ABB Ltd., Broadcom Inc., Coto Technology, Eaton Corp. Plc, Electroswitch Power Switches and Relays, Fujitsu Ltd., General Electric Co., IMO Precision Controls Ltd., Littelfuse Inc., NISSIN ELECTRIC Co. Ltd., OMRON Corp., Panasonic Holdings Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Standex International Corp., TE Connectivity Ltd., Teledyne Technologies Inc., and WEG Equipamentos Eletricos S.A..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of digitalization and industry 4.0."
According to the report, one of the major drivers for this market is the increasing adoption of programmable logic controllers (PLCs) in industries.
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.
- Broadcom Inc.
- Coto Technology
- Eaton Corp. Plc
- Electroswitch Power Switches and Relays
- Fujitsu Ltd.
- General Electric Co.
- IMO Precision Controls Ltd.
- Littelfuse Inc.
- NISSIN ELECTRIC Co. Ltd.
- OMRON Corp.
- Panasonic Holdings Corp.
- Phoenix Contact GmbH and Co. KG
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Standex International Corp.
- TE Connectivity Ltd.
- Teledyne Technologies Inc.
- WEG Equipamentos Eletricos S.A.
