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 1.21 billion during 2024-2029, accelerating at a CAGR of 5.2% 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 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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
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 Power Output
- Low voltage relays
- Medium voltage relays
- High voltage relays
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 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 primary and secondary research. 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 accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by End-user
10 Market Segmentation by Power Output
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 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 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 S.A
