Electromechanical Relay Market - Forecasts from 2019 to 2024

November 2019 | 106 pages | ID: EA6DA1C4EFFEN
Knowledge Sourcing Intelligence LLP

Abstracts

Electromechanical Relay (EMR) market is projected to witness a CAGR of 3.13% during the forecast period to reach a total market size of US$7,161.108 million by 2024, increasing from US$5,952.099 million in 2018. Electromechanical relays are switches that control high power electrical devices by using a small amount of power. It can be operated by both AC and DC current; a magnetic force is generated when the power is supplied controlling the mechanism in the switch. Electromechanical relays provide good performance. It has a long operational life and consumes less power. On and off control, limit control, and logic operations are functions of the electrical relays. These electromechanical relays have several applications such as power supply switching in TVs, DTH boxes, and factory automation, temperature controller in HVAC devices, motor controllers, and others.

Globally rising energy prices are driving the demand for advanced electromechanical relays to reduce power consumption. The rising number of renewable energy projects is also fuelling the demand for high capacity electromechanical relays, thus positively impacting the growth of the global EMR market. Increasing demand for electromechanical relays due to its low cost, long operation life, less power consumption, and easy maintenance is augmenting the market growth. Wide usage of electromechanical relays in electronic appliances and increasing use in the automobile sector in the fuse box to prevent the circuits from overload and faults is also fueling the growth of the market. However, the availability of solid-state relays (SSRs) as a substitute due to advancements in semiconductor fabrication and manufacturing technology may hamper the growth of the market.

By, application factory automation segment is expected to have a significant market share in the forecast period. By end-user, the consumer electronics segment is expected to have a significant market share on account of wide-scale usage of electromechanical relays in the kitchen and other appliances. Geographically, Asia Pacific region is expected to grow at a rapid pace owing to the growing demand for consumer electronics in the emerging economies and government subsidies.

Major industry players profiled as part of the report are General Electric Company, Teledyne Relays, Omron Corporation, and Siemens among others.

Segmentation:

• By Type
• General Purpose Relay
• Power Relay
• Contactor
• Time-Delay Relay
• Others
• By Application
• Factory Automation
• Temperature Controllers
• Motor Controls
• Others
• By End-User Industry
• Aerospace and Defense
• Communication and Technology
• Automotive
• Consumer Electronics
• Others
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Israel
• Saudi Arabia
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Others

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. ELECTROMECHANICAL RELAY MARKET BY TYPE

5.1. General Purpose Relay
5.2. Power Relay
5.3. Contactor
5.4. Time-Delay Relay
5.5. Others

6. ELECTROMECHANICAL RELAY MARKET BY APPLICATION

6.1. Factory Automation
6.2. Temperature Controllers
6.3. Motor Controls
6.4. Others

7. ELECTROMECHANICAL RELAY MARKET BY END-USER INDUSTRY

7.1. Aerospace and Defense
7.2. Communication and Technology
7.3. HVAC
7.4. Automotive
7.5. Consumer Electronics
7.6. Others

8. ELECTROMECHANICAL RELAY MARKET BY GEOGRAPHY

8.1. North America
  8.1.1. USA
  8.1.2. Canada
  8.1.3. Mexico
8.2. South America
  8.2.1. Brazil
  8.2.2. Argentina
  8.2.3. Others
8.3. Europe
  8.3.1. Germany
  8.3.2. France
  8.3.3. United Kingdom
  8.3.4. Spain
  8.3.5. Others
8.4. Middle East and Africa
  8.4.1. Israel
  8.4.2. Saudi Arabia
  8.4.3. Others
8.5. Asia Pacific
  8.5.1. China
  8.5.2. Japan
  8.5.3. South Korea
  8.5.4. India
  8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Competitive Benchmarking and Analysis
9.2. Recent Investments and Deals
9.3. Strategies of Key Players

10. COMPANY PROFILES

10.1. Struthers-Dunn, LLC
10.2. Schneider Electric
10.3. FUJITSU
10.4. OMRON Corporation
10.5. ABB
10.6. General Electric Company
10.7. Honeywell International Inc.
10.8. Siemens
10.9. Teledyne Relays
10.10. Panasonic Corporation