Global Electromechanical Relay Market: Overview
Electromechanical Relay market is anticipated to worth USD 6182.1 million by
2019, with a CAGR of 3.52% during 2019-2025. An electromechanical relay, simply, is a switch. Electromechanical Relay is an electrically operated switch that completes or interrupts a circuit by physical movement of electrical contacts into contact with each other. Relays are electrical parts that are used when a low-power signal is needed in order to control a circuit, or when a number of circuits need to be controlled by one signal.
It is used to isolate circuits or batteries, detect faults on transmission and distribution lines, and control a high powered circuit using a low power signal. The increment in global energy prices is vital factors expected to encourage the growth of the global Electromechanical Relay market in the upcoming period.
In addition, major benefits of electromechanical relays such as low cost, dependability, less power consumption, and easy maintenance are other factors estimated to accelerate the growth of the market in the next few years. Moreover, growing demand of electromechanical relays in power supply switching for electronics devices like TVs and set-top boxes, factory automation, and HVAC temperature controllers will fuel the growth of Electromechanical Relay market in the forecast period. Also, the growing population and emerging economy coupled with increased consumption of various utensils made of the electromechanical relay will contribute to the growth of Electromechanical Relay market in upcoming periods.
Furthermore, the upsurge in prices of consumer electronics coupled with Electromechanical relays features such as lower power consumption for reducing power demand, extended switching operation life, and higher consistency over product life will bolster the Electromechanical Relay market in the forecast period.
Electromechanical Relay Product Type analysis
On the basis of Product type, the Electromechanical Relay market has been segmented into Reed relays, heavy duty & high voltage relays and aerospace relays. Reed relays dominate the global Electromechanical Relay owing to its features such as positioned inside a ceramic or glass tube for protection from corrosion is used in for electrical circuit control, particularly in the communications field. Heavy duty & high voltage relays market will boom by used for machine control, control starters and other components which are made of durable, long-lasting materials. Aerospace relays market will drive by growing its applications in aerospace and defense applications.
Electromechanical Relay Application analysis
On the basis of Application, the Electromechanical Relay market has been segmented into temperature controllers, factory automation and motor controls. Temperature controllers dominate the global Electromechanical Relay owing to the controlling temperature which takes an input from a temperature sensor and has an output that is connected to a control element such as a heater or fan. Motor controls market will influence by its application in the electrical fuel pump, industrial applications where it uses for control of high voltages and currents is intended, controlling large power loads.
Electromechanical Relay End-User Industry analysis
On the basis of End-User industry, the global Electromechanical Relay market has been segmented into Industrial Automation, Automotive, Aerospace and defense, and Consumer Electronics. By end-user industry, Industrial Automation market will boost by growing its uses in molding equipment, packaging machinery, and industrial robots. The automotive industry will influence by its uses to handle heavy electrical loads in cars. Devices in vehicles such as fans, headlamps, horns, wipers, ignition, air-conditioning, etc. draw huge amounts of current to operate. Aerospace and defense will trigger by increasing its uses for timing purposes, sensing and protection of current, voltage, frequency, and phase, fixed adjustable AC and DC versions.
Regional analysis of Electromechanical Relay market
On the basis of region, the Electromechanical Relay market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the global Electromechanical Relay market over the forecast period owing to the rise in the use of Electromechanical relay in the industrial sectors in the account of their significant features to protect the systems such as overload protection, over voltage protection, short circuit protection. Asia Pacific region will grow by increasing its uses in industry and commercial sector for power system protection and government subsidies for power protection.
Objective of the Study:
To analyze and forecast market size of the Global
Electromechanical Relay market in terms of Value and Volume
To examine the careful market segmentation and forecast
the market size, in terms value and Volume, on the basis of the region by
segmenting Electromechanical Relay into five regions, namely, North America,
Europe, Asia Pacific, Middle East, and their leading countries.
To outline, categorized and forecast the global
Electromechanical Relay on the basis of product type, application, and end-user
To examine competitive developments like expansions,
technological advancement, services, and regulative framework within the global
Electromechanical Relay market.
To highlight the impact analysis of the factors,
affecting the market dynamics such as drivers, restraints, opportunities, and
To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Global Electromechanical Relay Market Competitive Landscape
Companies such as DARE Electronics, Inc., Leone Systems, TE Connectivity Ltd., Ashida Electronics Pvt. Ltd., Control &Switchgear Electric Limited, Eaton Corporation, Hitachi, Ltd., Areva T&D India Ltd., Siemens AG, General Electric, Alstom SA, Omron Corporation, Rockwell Automation, Inc. and ABB Ltd are the key players in the global Electromechanical Relay Market.
Key Target Audience:
Market research and consulting firms
Global Electromechanical Relay Manufacturing
Research organizations and consulting companies
Global Electromechanical Relay distributors
Organizations, associations, and alliances
related to Electromechanical Relay market
Scope of the Report
By Product Type
Heavy duty & high voltage relays
By End-User Industry
Aerospace and defense
In addition, the report provides analysis of the Electromechanical Relay market with respect to the following geographic segments:
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Rest of Middle-East
Business Questions answer by the report
How will the market drivers, restraints and
opportunities affect the market dynamics?
What will be the market size in terms of value
and volume and market statistics with detailed classification
Which segment dominates the market or region and
one will be the fastest growing and why?
A comprehensive survey of the competitive
landscape and the market participant players
Analysis of strategy adopted by the key player
and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
With five additional company detail analysis.
Additional country analysis.
Detailed segment analysis.