Analysts forecast the global industrial relays market to grow at a CAGR of 7.05% during the period 2018-2022. Key players in the global industrial relays market: ABB, General Electric, OMRON, Rockwell Automation, Schneider Electric, and Siemens.New report industrial relays market added by Research Trades offers an in-depth analysis of the industrial relays market. The latest trend gaining momentum in the industrial relays market is recent advances and personnel education in the field of relays.
The growth of technology has far exceeded the growth of field personnel education. The relay panels previously were a wall of glass covers, which are now replaced by a single black box with equally simplified control wiring.
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Other Prominent Vendors in the market are: Alstom, Broadcom, Coto Technology, Crydom, Eaton, Electroswitch, Finder, Fujitsu, General Electric, Global Zeus, IMO Precision Controls, Littlefuse, Mors Smitt, Panasonic, PARAMOUNT INDUSTRIES, PHOENIX CONTACT, SEL, Shenler Relays, Standex International, Struthers-Dunn, TE Connectivity, Teledyne Technologies, Veris Industries, and WEG.
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The relays that were manufactured earlier were built to safeguard a single device, whereas the devices at present need to be multi-functional and able to protect, compare, and communicate the fault in other systems. The process and discrete industries have been victims of loss of intellectual capital, as the number of experienced personnel leaving the workforce has increased over the decade.
This, in turn, has created opportunities for newer generations that need to learn to adapt to the newer technology.
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According to the industrial relays market report, one of the major drivers for this market is growing importance of smart grid systems. The utilization of smart grid technologies in electrical systems is mainly due to the need to overcome challenges such as the aging infrastructure.
Smart grid technologies offer a clean energy supply that is highly efficient, cost-effective, and sustainable and accommodates all electricity generation and storage options. With the growing popularity of smart grid systems, the adoption of industrial relays will increase during the forecast period.
Table of Contents
PART 01: Executive Summary
PART 02: Scope of The Report
PART 03: Research Methodology
PART 04: Market Landscape
Market Segmentation Analysis
PART 05: Market Sizing
Market Sizing 2017
Market Size and Forecast 2017-2022
PART 06: Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat of New Entrants
Threat of Substitutes
Threat of Rivalry
PART 07: Market Segmentation by Product Type
Segmentation by Product Type
Comparison by Product Type
Electromechanical Relays - Market Size and Forecast 2017-2022
Solid State Relays - Market Size and Forecast 2017-2022
Hybrid Relays - Market Size and Forecast 2017-2022
Reed Relays - Market Size and Forecast 2017-2022
General Purpose Relays - Market Size and Forecast 2017-2022
Market Opportunity by Product
PART 08: Market Segmentation by Feature
Segmentation by Feature
PART 09: Customer Landscape
PART 10: Market Segmentation by End-User
Segmentation by End-User
Comparison by End-User
Process Industries - Market Size and Forecast 2017-2022
Discrete Industries - Market Size and Forecast 2017-2022
Market Opportunity by End-User
PART 11: Regional Landscape
Apac - Market Size and Forecast 2017-2022
Emea - Market Size and Forecast 2017-2022
Americas - Market Size and Forecast 2017-2022
PART 12: Decision Framework
PART 13: Drivers and Challenges
PART 14: Market Trends
Recent Advances and Personnel Education In The Field of Relays
Innovations In The Field of Contacts Used In Switches and Relays
Substitute For Electromechanical Relays
PART 15: Vendor Landscape
PART 16: Vendor Analysis
Market Positioning of Vendors
PART 17: Appendix
List of Abbreviations