Industrial Overload Relays Market to Observe Strong Development of 4.5% CAGR by 2026 | Global Key Players - General Electric, ABB, Eaton, Mitsubishi Electric, Schneider Electric, Siemens , WEG, Fuji Electric, Riken Electric

Market Overview:

Global Industrial Overload Relays market is expected to grow from $XX million in 2017 to reach $XX million by 2026 with a CAGR of 4.5%. The factors such as increase in adoption of overload relays in various applications and introduction of smart electronic overload relays are driving the market.

By product, thermal overload relays segment is projected to grow at significant rate. For the main circuit these relays act as an economic electromechanical protection device. They provide the protection for motors during phase failures or overloads. When combined with contractors these thermal overload relays offers a compact starting solution. Overload sensing devices are a type of heat-operated relays, where a coil heats a bimetallic strip, releasing a spring to run auxiliary contacts.

Based on region, Asia Pacific is expected to dominate the market in industrial overload relays market throughout the forecast period. Countries such as China, Japan, and India are the key contributors of this market in the region. The increasing in adoption of overload relays in discrete industries and numerous process will drive the growth of the industrial overload relays market in APAC during the forecast period.

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Top Industry Players:

Some of the key players in the market include General Electric, ABB, Eaton, Mitsubishi Electric, Schneider Electric, Siemens , WEG, Fuji Electric, Riken Electric, MTE, Littelfuse, GREEGOO Electric, Finder, Benshaw, GWIEC Electric, Meba Electric, Sprecher+Schuh and Rockwell Automation.

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Market Segments:
Products Covered:
• Magnetic overload relays
• Thermal overload relays
End Users Covered:
• Process industries
• Discrete industries
Applications Covered:
• Generators
• Motors
Regions Covered:
• North America
• US
• Canada
• Mexico
• Europe
• Germany
• UK
• Italy
• France
• Spain
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia

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This release was published on openPR.