Press release
Relay And Industrial Controls Market Size Forecasted To Achieve $190.02 Billion By 2029 With Steady Growth
Relay And Industrial Controls
What Is the Relay And Industrial Controls Market Size and Projected Growth Rate?
The relay and industrial controls market has seen significant growth in recent years. It will grow from $153.12 billion in 2024 to $161.1 billion in 2025, with a CAGR of 5.2%. Growth is driven by industrial electrification, the adoption of automation and control systems, infrastructure expansion, and adherence to regulatory and safety standards.
The relay and industrial controls market is set for steady growth, reaching $190.02 billion in 2029 with a CAGR of 4.2%. Industry 4.0 initiatives, smart manufacturing, energy efficiency, infrastructure development, and electric vehicle growth are key drivers. Major trends include increased connectivity, integration with PLC and HMI, energy-saving motor control systems, compliance-focused designs, and scalable solutions.
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What Are the Major Segments in the Relay And Industrial Controls Market?
The relay and industrial controls market covered in this report is segmented -
1) By Control system: Distributed Control System (DCS), Supervisory Control And Data Acquisition System (SCADA), Manufacturing Execution System (MES)
2) By Component: Modular Terminal Blocks, Relays And Optocouplers, Surge Protectors, Marking Systems, Printing, Ferrules Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors And Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Ethernet, Remote IO
3) By Application: Automotive, Industrial, Communications, Household Appliance, Other Applications
Subsegments:
1) By Distributed Control System (DCS): Batch Process Control, Continuous Process Control
2) By Supervisory Control And Data Acquisition System (SCADA): Hardware, Software, Services
3) By Manufacturing Execution System (MES): Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP) Integration, Quality Management Systems (QMS)
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What Are The Driving Relay And Industrial Controls Market Evolution?
The relay and industrial controls market is expected to grow due to increased investments in smart city projects worldwide. Industrial controls, utilizing AI and IoT, are crucial for supporting energy, telecommunications, and other services in smart cities. According to the IMD Smart City Index, the number of smart cities increased by almost 20% in 2023, contributing to the demand for industrial control systems.
Which Firms Dominate The Relay And Industrial Controls Market Segments?
Major companies operating in the relay and industrial controls market include ABB Ltd, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, Fuji Electric, Alstom, Crydom Corp, Coto Technology, Fujitsu Ltd, StandexMeder Electronics GmbH, Teledyne Relays Inc, Comus International, 3D Systems Corporation, HP Inc. (Hewlett-Packard Company), FANUC Corporation, STRATASYS Ltd., Progea (Progea Automation Software Srl), Hitachi Ltd., Vega Grieshaber KG, Danfoss A/S, CHINT Electrics, IDEM Safety Switches Ltd., Delta Electronics Inc., Crouzet Automatismes SAS, Sensata Technologies Holding plc, Schaltbau Holding AG, Phoenix Mecano AG, Weidmüller Interface GmbH & Co. KG, Sprecher Automation GmbH, IDEC Corporation, Carlo Gavazzi Holding AG, Balluff GmbH, Turck Inc., IFM Electronic GmbH, Banner Engineering Corp
What Trends Are Driving Growth in The Relay And Industrial Controls Market?
Plug-in relays are increasingly used in the automotive sector due to their lightweight design and ability to handle high current and voltage ratings. These relays are commonly used in applications like catalytic converters, heater controls, and automotive electronics such as seat controls and window lifters. For example, Omron's automotive relays are designed for high current switching applications in vehicles.
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Which Is The Largest Region In The Relay And Industrial Controls Market?
Asia-Pacific was the largest region in the relay and industrial controls market in 2023. North America was the second-largest region in the relay and industrial controls 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, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Relay And Industrial Controls Market?
2. What is the CAGR expected in the Relay And Industrial Controls Market?
3. What Are the Key Innovations Transforming the Relay And Industrial Controls Industry?
4. Which Region Is Leading the Relay And Industrial Controls Market?
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