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.
Global Relay And Industrial Controls Market Size And Drivers:
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%. 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.
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Trends In The Global Relay And Industrial Controls Market
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.
Global Relay And Industrial Controls Market Segments:
The global relay and industrial controls market is further segmented –
By Application: Automotive, Industrial, Communications, Household Appliance, Others.
By Control System: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES)
By Component: Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Ethernet, and Remote IO
By Geography: The global relay and industrial controls market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Relay And Industrial Controls Global Market Report 2021 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 and growth for the global relay and industrial controls market, relay and industrial controls market share, relay and industrial controls market players, relay and industrial controls market segments and geographies, relay and industrial controls 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.
