The Global Relay And Industrial Controls Market Report by The Business Research Company covers relay and industrial controls market drivers and restraints, relay and industrial controls market size, major players, and the impact of COVID-19 on the relay and industrial controls market.
The relay and industrial control market consists of sales of relays and industrial controls and related services which are used in various industries such as military, industrial automation, mining, electronics, and semiconductors. The relay and industrial control establishments are primarily engaged in the manufacturing of relays, industrial controls, motor starters, controllers, and control accessories. Relays include PCB power relays, signal relays, and plugin relays and Industrial control systems (ICS) include networks, devices, and systems used to operate and/or automate industrial processes.
The relay and industrial control manufacturing market is expected to be supported by rapid growth in investments in smart city projects in many countries globally. Industrial controls are being designed using artificial intelligence (AI) and the internet of things (IoT) that can support energy, telecommunications, surveillance, and other services. Smart city technologies are integrated with electrical and electronic components, therefore benefitting the companies operating in this market.
The global relay and industrial controls market is expected to grow from $72.17 billion in 2020 to $75.88 billion in 2021 at a compound annual growth rate (CAGR) of 5.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $84.45 billion in 2025 at a CAGR of 3%.
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Some relay and industrial controls market trends include plug-in relays increasingly being used in the automotive sector due to their light weight compared to electromechanical relays. These relays can handle high-rated current and operating voltage similar to that of electromechanical type relays. Plug-in relays are being used in automobile applications such as electrically heated catalytic converters, heater controls, windscreen wipers, motors and pumps, and body electronics, such as door locks, seat controls, window lifters and others.
Global relay and industrial controls market segments include:
1) By Application: Automotive, Industrial, Communications, Household Appliance, Others.
2) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES).
3) By Component : Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferrules Cable Lugs, Hand Tools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Ethernet, And Remote IO.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Relay And Industrial Controls Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides relay and industrial controls market overviews, analyzes and forecasts market size, share, relay and industrial controls market players, relay and industrial controls market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The relay and industrial controls market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Relay And Industrial Controls Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: ABB Ltd, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, Fuji Electric, Alstom, Crydom Corp, Coto Technology, Fujitsu Ltd, StandexMeder Electronics GmbH, Teledyne Relays Inc, Comus International, Fuji Electric, Mitsubishi Electric Factory Automation, 3D Systems, HP, FANUC, STRATASYS, Progea, Hitachi, Vega, Danfoss, Tegan Innovations, Krohne, Rockwell, Chaos Prime, Dwyer, CHINT Electrics.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The relay and industrial controls Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The relay and industrial controls Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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