Sep 3, 2021   SOURCE: BusinessWire

$72.17 Billion Relay and Industrial Controls Global Market to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

The "Relay and Industrial Controls Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global relay and industrial controls market as it emerges from the COVID-19 shut down.

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%.

Companies Mentioned

  • 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

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider relay and industrial controls market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The relay and industrial controls market section of the report gives context. It compares the relay and industrial controls market with other segments of the relay and industrial controls market by size and growth, historic and forecast.

The relay and industrial controls market is segmented by application into automotive, industrial, communications, household appliance, others. It is also segmented by control system into distributed control system (DCS), supervisory control & data acquisition system (SCADA), manufacturing execution system (MES).

Plug-in relays are 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. For instance, Omron's plug-in automotive relays that range from 20A to 70A are used in automotive applications such as artery motors, heater controls, windscreen wipers and any applications that require high continuous current switching.

In June 2018, ABB, a Swiss-based industrial automation and power grids system manufacturer, acquired GE Industrial Solutions (GEIS) for $2.6 billion. This acquisition allowed ABB to expand by integrating GEIS in its electrification products division and reforming as a new business unit called Electrification Products Industrial Solutions (EPIS). Furthermore, the company also established a long-term strategic supply relationship with GE to supply them with products and solutions from across the ABB portfolio. GEIS is a Connecticut, USA headquartered manufacturer and provider of electrical components and related solutions to protect and control electrical power and equipment.

For more information about this report visit https://www.researchandmarkets.com/r/jqmci