Press release
Relay And Industrial Control Market 2022 Latest Insights, Growth Rate, Future Trends and Forecast | Key Players : ABB Ltd, Siemens, Honeywell International Incorporation, Emerson Electric Company
Relay And Industrial Control Market
The regions covered in the relay and industrial controls market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest relay and industrial controls share.
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The relay and industrial control market consists of sales of relays and industrial controls and related services which are used in various industries such as military, industrial automation, mining, electronics, and semiconductors. The relay and industrial control establishments are primarily engaged in the manufacturing of relays, industrial controls, motor starters, controllers, and control accessories. Relays include PCB power relays, signal relays, and plugin relays and Industrial control systems (ICS) include networks, devices, and systems used to operate and/or automate industrial processes.
Key competitors 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 size is expected to grow from $134.85 billion in 2021 to $148.24 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The relay and industrial control market is expected to reach $199.07 billion in 2026 at a CAGR of 7.6%.
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TBRC's report segments the global relay and industrial controls market:
1) By Application: Automotive, Industrial, Communications, Household Appliance, Others
2) By Control System: Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES)
3) By Component: Modular Terminal Blocks, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Etherne, Remote IO
Read Further On The Relay And Industrial Controls Market Here:
https://www.thebusinessresearchcompany.com/report/relay-and-industrial-controls-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Relay And Industrial Control Market Characteristics
3. Relay And Industrial Control Market Trends And Strategies
4. Impact Of COVID-19 On Relay And Industrial Control
5. Relay And Industrial Control Market Size And Growth
.....
27. Relay And Industrial Control Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Relay And Industrial Control Market
29. Relay And Industrial Control Market Future Outlook and Potential Analysis
30. Appendix
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