About General Relay
A relay is an electric device that senses the defect of the electric system. This device uses an electromagnet to mechanically operate a switch. The relay has predefined logic to respond to the input current in a prescribed manner and cause abrupt changes such as circuit break or power switch off in the associated electrical controlled circuit.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global General Relay market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens (Germany), ABB (Switzerland), General Electric (United States), Schneider Electric (France), Eaton (Ireland), Rockwell Automation (United States) and Panasonic (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global General Relay market by Type (AC Coil and DC Coil), Application (Industrial Machine Controls, Energy Management Systems, HVAC and Others) and Region.
On the basis of geography, the market of General Relay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Communication will boost the General Relay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement In Relay
Market Growth Drivers:
Growing Demand For HVAC Applications, Increasing Use Of Control Devices In End-Use Industries and Rising Demand For Electrical Equipment
Challenges:
Issues for Protection Relays and Photovoltaic Installations
Restraints:
Increasing Competition From The Unorganized Sector and Gray Market for Protective Relays
Opportunities:
Growing Industrialization Globally, Emerging Market for Intelligent Controllers and Growing Demand for Electronic Devices
Market Leaders and their expansionary development strategies
In December 2023, TE Connectivity has acquired the force-guided narrow safety relay (NSR) from the Phoenix Contact Group as part of a long-term partnership agreement. TE Connectivity is market leader in connectivity and sensors. Phoenix Contact is a leading global component and systems manufacturer for industrial automation.
In May 2023, OMRON launched of its latest industrial 6mm electromechanical relay – the G2RV-ST. This new design offers machine manufacturers and panel builders the ideal solution for compact panels and equipment, while providing all the durability and reliability required for industrial applications.
Key Target Audience
General Relay Manufacturers And Suppliers, Electric Utilities, Manufacturing And Process Industries, Consulting Companies In The Power Sector and Government And Power Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.