Market Research Logo

Global Industrial Relays Market 2018-2022

Global Industrial Relays Market 2018-2022

About Industrial Relays

Industrial relays can be segmented into five product type categories, such as electromechanical relays, solid state relays, hybrid relays, reed relays, and general-purpose relays. Among these the electromechanical relays market segment accounted for the major share of the industrial relays market, in 2016. The mechanical build of these relays and the support from these relays over various applications from low-voltage to high voltage current, will contribute to the growth of the electromechanical relays market segment in the coming years. The industrial relays market has the presence of several vendors. The level of competition among the players in this market is based on the need to set up brand value and introduce new technologies. The manufacturers should comply with the regulatory standards and they have the need to introduce quality products and focus on innovations.

Technavio’s analysts forecast the global industrial relays market to grow at a CAGR of 7.05% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial relays market for 2018-2022. To calculate the market size, the report considers the revenue generated from the industrial relays.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Relays Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • General Electric
  • OMRON
  • Rockwell Automation
  • Schneider Electric
  • Siemens
Other prominent vendors
  • 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
  • WEG
Market driver
  • Growing importance of smart grid systems
  • For a full, detailed list, view our report
Market trend
  • Recent advances and personnel education in the field of relays
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Industrial Relays Market 2018-2022

Technavio recognizes the following companies as the key players in the global industrial relays market: ABB, General Electric, OMRON, Rockwell Automation, Schneider Electric, and Siemens.

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.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the 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. 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.”

According to the 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.

Companies Mentioned

ABB, General Electric, OMRON, Rockwell Automation, Schneider Electric, Siemens, 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.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global circuit breakers, fuses, and relays market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ mn)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product type
    • Segmentation by product type
      • Table Product type - Market share 2017-2022 (%)
    • Comparison by product type
      • Table Comparison by product type
    • Electromechanical relays - Market size and forecast 2017-2022
      • Table Electromechanical relays - Market size and forecast 2017-2022 ($ mn)
      • Table Electromechanical relays - Year-over-year growth 2018-2022 (%)
    • Solid state relays - Market size and forecast 2017-2022
      • Table Solid state relays - Market size and forecast 2017-2022 ($ mn)
      • Table Solid state relays - Year-over-year growth 2018-2022 (%)
    • Hybrid relays - Market size and forecast 2017- 2022
      • Table Hybrid relays - Market size and forecast 2017-2022 ($ mn)
      • Table Hybrid relays - Year-over-year growth 2018-2022 (%)
    • Reed relays - Market size and forecast 2017-2022
      • Table Reed relays - Market size and forecast 2017-2022 ($ mn)
      • Table Reed relays - Year-over-year growth 2018-2022 (%)
    • General purpose relays - Market size and forecast 2017-2022
      • Table General purpose relays - Market size and forecast 2017-2022 ($ mn)
      • Table General purpose relays - Year-over-year growth 2018-2022 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by feature
    • Segmentation by feature
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Process industries - Market size and forecast 2017-2022
      • Table Process industries - Market size and forecast 2017-2022 ($ mn)
      • Table Process industries - Year-over-year growth 2018-2022 (%)
    • Discrete industries - Market size and forecast 2017-2022
      • Table Discrete industries - Market size and forecast 2017-2022 ($ mn)
      • Table Discrete industries - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global industrial relays market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ mn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • 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
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB
      • Table Vendor overview
      • Table ABB - Business segments
      • Table ABB - Organizational developments
      • Table ABB - Geographic focus
      • Table ABB - Segment focus
      • Table ABB - Key offerings
    • General Electric
      • Table Vendor overview
      • Table General Electric - Business segments
      • Table General Electric- Organizational developments
      • Table General Electric - Geographic focus
      • Table General Electric - Segment focus
      • Table General Electric - Key offerings
    • OMRON
      • Table Vendor overview
      • Table OMRON - Business segments
      • Table OMRON - Organizational developments
      • Table OMRON - Geographic focus
      • Table OMRON - Segment focus
      • Table OMRON - Key offerings
    • Rockwell Automation
      • Table Vendor overview
      • Table Rockwell Automation - Business segments
      • Table Rockwell Automation - Organizational developments
      • Table Rockwell Automation - Geographic focus
      • Table Rockwell Automation - Segment focus
      • Table Rockwell Automation - Key offerings
    • Schneider Electric
      • Table Vendor overview
      • Table Schneider Electric - Business segments
      • Table Schneider Electric - Organizational developments
      • Table Schneider Electric - Geographic focus
      • Table Schneider Electric - Segment focus
      • Table Schneider Electric - Key offerings
    • Siemens
      • Table Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report