Overview and Scope
A relay is defined as an electromagnetic switch that opens or closes a circuit to regulate the flow of electricity in single or multiple circuits controlled by one signal. Industrial control refers to electronic control systems that can control, monitor, and automate industrial processes.
Sizing and Forecast
The relay and industrial controls market size has grown steadily in recent years. It will grow from $153.29 billion in 2023 to $160.9 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to electrification of industries, automation and control systems, infrastructure development, regulatory and safety standards.
The relay and industrial controls market size is expected to see steady growth in the next few years. It will grow to $190.24 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to industry 4.0 and digital transformation, energy efficiency and sustainability, smart manufacturing and iot, urbanization and infrastructure expansion, electric vehicles and transportation electrification. Major trends in the forecast period include digitalization and connectivity, plc and hmi integration, energy-efficient motor control, safety and compliance, customization and scalability.
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Segmentation & Regional Insights
The relay and industrial controls market covered in this report is segmented –
1) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES)
2) 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
3) By Application: Automotive, Industrial, Communications, Household Appliance, Other Applications
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
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Major Driver Impacting Market Growth
The relay and industrial controls market is expected to be supported by rapid growth in investments in smart city projects in many countries globally. Industrial controls are being designed using artificial intelligence (AI) and the internet of things (IoT) that can support energy, telecommunications, surveillance, and other services. Smart city technologies are integrated with electrical and electronic components, therefore benefitting the companies operating in this relay and industrial controls market. For instance, in 2023, according to the IMD Smart City Index Report, a Switzerland-based business school, the city coverage of the SCI index and report increased by almost 20%, bringing the total number of smart cities to 141.
Key Industry Players
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
The relay and industrial controls market report table of contents includes:
1. Executive Summary
2.Relay And Industrial Controls Market Characteristics
3.Relay And Industrial Controls Market Trends And Strategies
4.Relay And Industrial Controls Market analysis
5. Relay And Industrial Controls Market Size And Growth
6.Relay And Industrial Controls Segmentation
7.Relay And Industrial Controls Regional And Country Analysis
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27.Relay And Industrial Controls Competitive Landscape And Company Profiles
28.Relay And Industrial Controls Key Mergers And Acquisitions
29.Relay And Industrial Controls Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- ABB Ltd
- Siemens
- Honeywell International Incorporation
- Emerson Electric Company
- Schneider Electric SA
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A recent report published by TheBusinessResearchCompany on Industrial Controls Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Industrial Controls Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global industrial controls market.
The report covers the industrial controls market’s segments- distributed control system (DCS), supervisory control & data acquisition system (SCADA), manufacturing execution system (MES), automotive, utility, electronics & semiconductor, mining, and others.Industrial Controls Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.It also compares the market’s historic and forecast growth.
It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.OEMs are increasingly outsourcing product design and development processes to EMS partners to reduce overall costs and shift from fixed costs to variable costs.
The research offers a trustworthy market share analysis that reveals subtle business patterns and sophisticated operational models, as well as an evaluation of business development strategies, advanced supply chain systems, innovative sales and marketing approaches, and product/project development.
The research also calculates the actual industry valuation, as well as market share and size parameters at the global and country levels.
The Industrial Controls System market forecast included in the study illustrates possible market sizes and projected market share, as well as expected growth forecasts.Key players:• Honeywell International• Emerson Electric Co.• Omron Corp.• Rockwell Automation• Siemens AG• ABB Ltd.• General Electric Co.• Schneider Electric SE• Alstom SA• Kawasaki Roboticss control system• Mitsubishi Electric Factory Automation• Yokogawa Electric Corporation• Cisco• Lockheed Martin• Fortinet• Palo Alto• Belden• BAE Systems• Raytheon Company• FireEye• Darktrace• Check Point• Kaspersky• Sophos• CyberArk, Airbus• Claroty• Indegy• Bayshore NetworksRequest for free sample:https://www.maximizemarketresearch.com/request-sample/33096Industrial Controls System market Segmentation:Global Industrial Controls System Market, By Types• Supervisory Control And Data Acquisition (SCADA)• Distributed Control System (DCS)• Programmable Logic Controller (PLC)Global Industrial Controls System Market, By Components• Human Machine Interface (HMI)• Programmable Logic Controller (PLC)• Remote Terminal Unit (RTU)• SCADA Communication Systems• OthersGlobal Industrial Controls System Market, By Applications• Electrical Power• Chemicals• Oil & Gas• Food and Beverages• Manufacturing• Automotive• Pharmaceutical• Water and Waste Water Management• Others (Aerospace, Defense, Mining, and Materials) The qualitative components of the Industrial Controls System market research piece include market drivers, restraints, major trends, opportunities, and challenges.
The most crucial variables increasing the opportunistic landscape of the Industrial Controls System market are correctly enlisted in a complete analysis of the market drivers.
The study examines the important trends that are driving the Industrial Controls System market's growth and development throughout the projected period, both current and emerging.The COVID-19 impact analysis is a section of the global Industrial Controls System market research report that is mostly summarised.
The research article explains the disruptions caused when an unprepared industrial environment was exposed to a brutal crisis that effectively swept away business dynamics all over the world, obstructing distribution networks and supply chains with the consistently implemented lockdown regulations imposed to stop the pandemic from spreading.
