Press release
Relay And Industrial Controls Market Key Industry Players, Market Trends, Demand Analysis Forecasts to 2031 | ABB Ltd, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA
Relay And Industrial Control Market
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The global Relay And Industrial Control market report by the business research company plug-in relays are increasingly being used in the automotive sector due to their light weight compared to electromechanical relays. These relays can handle high-rated current and operating voltage similar to that of electromechanical type relays. Plug-in relays are being used in automobile applications such as electrically heated catalytic converters, heater controls, windscreen wipers, motors and pumps, and body electronics, such as door locks, seat controls, window lifters, and others.
The global relay and industrial controls market grew from $134.85 billion in 2021 to $143.78 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The relay and industrial control market is expected to grow to $177.17 billion in 2026 at a CAGR of 5.4%.
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Asia Pacific was the largest region in the relay and industrial control market in 2021. North America was the second-largest region in the relay and industrial control market. The regions covered in the relay and industrial control report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players 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 is segmented -
1) By Application: Automotive, Industrial, Communications, Household Appliance, Others
2) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES)
3) By Component :Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Etherne, Remote IO
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The Relay And Industrial Control Market Report Contents Include
1. Executive Summary
2. Relay And Industrial Control Market Characteristics
3. Relay And Industrial Control Market Trends And Strategies
4. Relay And Industrial Control Market - Macro Economic Scenario
5. Relay And Industrial Control Market Size And Growth
....
26. Africa Relay And Industrial Control Market
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
This report covers the trends and market dynamics of the Relay And Industrial Control market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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