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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217019

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217019

Relay And Industrial Controls Global Market Report 2023

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“Relay And Industrial Controls Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on relay and industrial controls market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • 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 shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for relay and industrial controls ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The relay and industrial controls market global report ” from The Business Research Company answers all these questions and many more.

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.

Scope

Markets Covered:

1) By Application: Automotive; Industrial; Communications; Household Appliance; Other Applications

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; Ferulles Cable Lugs; Handtools; Testers; Enclosure Products; PCB Connectors & Terminals; Heavy Duty Connectors; Analog Signal Conditioner; Electronics Housing; Power Supplies; Industrial Etherne; Remote IO

Companies Mentioned: ABB Ltd.; Siemens; Honeywell International Incorporation; Emerson Electric Company; Schneider Electric SA

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the relay and industrial control market are: ABB Ltd, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, and Fuji Electric.

The global relay and industrial controls market will grow from $143.36 billion in 2022 to $152.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The relay and industrial controls market is expected to grow to $188.65 billion in 2027 at a CAGR of 5.4%.

The relay and industrial control market consists of sales of PCB power relays, signal relays, plugin relays, rheostats industrial controls, pushbutton, selector, and pilot switches, and other relay and industrial controls. They are used in various industries such as the military, industrial automation, mining, electronics, and semiconductors. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A relay is defined as an electromagnetic switch that opens or closes a circuit to regulate the flow of electricity of single or multiple circuits controlled by one signal. Industrial control refers to electronic control systems that can control, monitor, and automate industrial processes.

Asia Pacific was the largest region in the relay and industrial control market in 2021. North America was the second-largest region in the relay and industrial control market. The regions covered in the relay and industrial control report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main control systems of relay and industrial control are distributed control system (DCS), supervisory control & data acquisition system (SCADA), and manufacturing execution system (MES). A distributed control system (DCS) is a platform for automated plant or industrial process control and operation. Human-machine interface (HMI), logic solvers, historian, common database, alarm management, and a common engineering suite are all combined into a DCS. The various component used are modular terminal blocks, relays, optocouplers, surge protectors, marking systems, printing, ferules cable lugs, hand tools, testers, enclosure products, PCB connectors and terminals, heavy-duty connectors, analog signal conditioners, electronics housing, power supplies, industrial ethernet, and remote IO. Relay and industrial control are used for automotive, industrial, communications, household appliances, and other applications.

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. According to the International Data Corporation (IDC) 2019, the global spending on smart city initiatives will total nearly $124 billion in 2020 and increase by 18.9% over 2019 spending. The smart cities concept is also increasingly being adopted in developing nations. For instance, more than 1,000 smart city pilot projects are either ready or are under construction globally and around 500 of them are in China.

High power consumption by relays and the presence of alternatives such as optocouplers (opt-isolators) is a major restraint on the relay and industrial control market. Relays are used to turn on or turn off a circuit electronically or electromechanically. Relays pose a problem in cases where power consumption needs to be kept minimum. For instance, to switch on a small LED light, the power consumed by the relay could be more than the power consumed by the light. Also, PV solar systems may require larger solar panels and batteries to compensate for the excess power consumption by relays. This increases costs and limits the usage of relays in such applications.

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 January 2022, TE Connectivity, a Swiss-based technology company, acquired Phoenix Contact Group (GEIS) for an undisclosed amount. The acquisition expands TE's relay portfolio for the factory automation, elevator, and rail markets by adding a single-pole, force-guided offering. Phoenix Contact Group is a Germany-based component and systems manufacturer for connectivity solutions.

The countries covered in the relay and industrial control market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The relay and industrial control market research report is one of a series of new reports from The Business Research Company that provides relay and industrial control market statistics, including relay and industrial control industry global market size, regional shares, competitors with a relay and industrial control market share, detailed relay and industrial control market segments, market trends and opportunities, and any further data you may need to thrive in the relay and industrial control industry. This relay and industrial control market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r2127

Table of Contents

1. Executive Summary

2. Relay And Industrial Control Market Characteristics

3. Relay And Industrial Control Market Trends And Strategies

4. Relay And Industrial Control Market - Macro Economic Scenario

4.1 COVID-19 Impact On Relay And Industrial Control Market

4.2 Ukraine-Russia War Impact On Relay And Industrial Control Market

4.3 Impact Of High Inflation On Relay And Industrial Control Market

5. Relay And Industrial Control Market Size And Growth

  • 5.1. Global Relay And Industrial Control Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Relay And Industrial Control Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Relay And Industrial Control Market Segmentation

  • 6.1. Global Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Automotive
  • Industrial
  • Communications
  • Household Appliance
  • Others Applications
  • 6.2. Global Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Distributed Control System (DCS)
  • Supervisory Control & Data Acquisition System (SCADA)
  • Manufacturing Execution System (MES
  • 6.3. Global Relay And Industrial Control Market, Segmentation By Component , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 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
  • Remote IO

7. Relay And Industrial Control Market Regional And Country Analysis

  • 7.1. Global Relay And Industrial Control Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Relay And Industrial Control Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Relay And Industrial Control Market

  • 8.1. Asia-Pacific Relay And Industrial Control Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Relay And Industrial Control Market

  • 9.1. China Relay And Industrial Control Market Overview
  • 9.2. China Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Relay And Industrial Control Market

  • 10.1. India Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Relay And Industrial Control Market

  • 11.1. Japan Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Relay And Industrial Control Market

  • 12.1. Australia Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Relay And Industrial Control Market

  • 13.1. Indonesia Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Relay And Industrial Control Market

  • 14.1. South Korea Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Relay And Industrial Control Market

  • 15.1. Western Europe Relay And Industrial Control Market Overview
  • 15.2. Western Europe Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Relay And Industrial Control Market

  • 16.1. UK Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Relay And Industrial Control Market

  • 17.1. Germany Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Relay And Industrial Control Market

  • 18.1. France Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Relay And Industrial Control Market

  • 19.1. Eastern Europe Relay And Industrial Control Market Overview
  • 19.2. Eastern Europe Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Relay And Industrial Control Market

  • 20.1. Russia Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Relay And Industrial Control Market

  • 21.1. North America Relay And Industrial Control Market Overview
  • 21.2. North America Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Relay And Industrial Control Market

  • 22.1. USA Relay And Industrial Control Market Overview
  • 22.2. USA Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Relay And Industrial Control Market

  • 23.1. South America Relay And Industrial Control Market Overview
  • 23.2. South America Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Relay And Industrial Control Market

  • 24.1. Brazil Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Relay And Industrial Control Market

  • 25.1. Middle East Relay And Industrial Control Market Overview
  • 25.2. Middle East Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Relay And Industrial Control Market

  • 26.1. Africa Relay And Industrial Control Market Overview
  • 26.2. Africa Relay And Industrial Control Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Relay And Industrial Control Market, Segmentation By Control system, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Relay And Industrial Control Market Competitive Landscape And Company Profiles

  • 27.1. Relay And Industrial Control Market Competitive Landscape
  • 27.2. Relay And Industrial Control Market Company Profiles
    • 27.2.1. ABB Ltd
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Siemens
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Honeywell International Incorporation
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Emerson Electric Company
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Schneider Electric SA
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Relay And Industrial Control Market

29. Relay And Industrial Control Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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