Global Electromechanical Relay Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (General Purpose Relay, Power Relay, Contactor, Time-Delay Relay, And Others), By Application (Factory Automation, Temperature Controllers, Motor Controls, And Others), By End-User Industry (Aerospace And Defense, Communication And Technology, HVAC, Automotive, Consumer Electronics, And Others), And By Geography - Forecasts From 2021 To 2026

  • Published : Jun 2021
  • Report Code : KSI061610558
  • Pages : 129

The global electromechanical relay market is evaluated at US$6,153.601 million for the year 2019 and is projected to grow at a CAGR of 3.09% to reach a market size of US$7,612.912 million by the year 2026.

Electromechanical relays are switches that control high-power electrical devices by using a small amount of power. It can be operated by both AC and DC; a magnetic force is generated when the power is supplied controlling the mechanism in the switch. Electromechanical relays provide good performance. It has a long operational life and consumes less power. On and off control, limit control, and logic operations are functions of the electrical relays. These electromechanical relays have several applications such as power supply switching in TVs, DTH boxes, and factory automation, temperature controller in HVAC devices, motor controllers, and others

Globally rising energy prices are driving the demand for advanced electromechanical relays to reduce power consumption. The rising number of renewable energy projects is also fuelling the demand for high-capacity electromechanical relays, thus positively impacting the growth of the global EMR market. Increasing demand for electromechanical relays due to their low cost, long operation life, less power consumption, and easy maintenance is augmenting the market growth. Wide usage of electromechanical relays in electronic appliances and increasing use in the automobile sector in the fuse box to prevent the circuits from overload and faults are also fueling the growth of the market. However, the availability of solid-state relays (SSRs) as a substitute due to advancements in semiconductor fabrication and manufacturing technology may hamper the growth of the market.

Wide usage of electromechanical relays in electronic appliances and increasing use in the automobile sector in the fuse box to prevent the circuits from overloading and faults is also fueling the growth of the market. However, the availability of solid-state relays (SSRs) as a substitute due to advancements in semiconductor fabrication and manufacturing technology may hamper the growth of the market.

The market for the electromechanical relay is significantly driven by the developments in the factory automation sector and the rising penetration of advanced technologies in various industries is anticipated to be a tailwind to the market.

The advent of COVID-19 hurt the global Electromechanical relay market. The immense downturn in the industries which has been significant end-users of the technology impacted the decline in the market for electromechanical relays at a global level. The pandemic brought major projects in the renewable resources industry to a standstill owing to the lockdowns that were imposed in several countries to curb the spread of the disease. After the initial lockdown period, some of the activities were allowed but with restrictions and certain protocols that were required to be followed like the projects will be operated with a lesser capacity which will require less labor to come in contact, and social distancing was required to be maintained in the premises as well. A significant shift was noticed in several industries using electromechanical relays for various applications. The manufacturing of the relays came to a halt as it became difficult to obtain the components owing to the disrupted supply chain during the period. With the industries recovering after the pandemic gradually, the businesses are expected to operate at full capacity starting from the third and fourth quarters of 2021. This will further help in the recovery of the electromechanical relay market.

The segmentation of the global Electromechanical Relay market has been done into type, application, end-user, and geography. By type, the classification of the market has been done into General Purpose Relay, Power Relay, Contactor, Time-Delay Relay, And Others. By application, the classification of the market has been done into Factory Automation, Temperature Controllers, Motor Controls, And Others. By end-user, the classification of the market has been done into Aerospace And Defense, Communication And Technology, HVAC, Automotive, Consumer Electronics, And Others. Furthermore, based on geography, the global market has been distributed in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Rising factory automation activities are expected to drive the market during the forecast period

The growth of the Electromechanical relay market is fuelled by the increasing developments being done in the sector in several sectors in terms of automation.

Competitive Insights

The players in the global Electromechanical relay market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.

Electromechanical Relay Market Scope:
Report Metric Details
 Market size value in 2019  US$6,153.601 million
 Market size value in 2026  US$7,612.912 million
 Growth Rate  CAGR of 3.09% from 2019 to 2026
 Base year  2019
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Million
 Segments covered  Type, Application, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  ABB Ltd., Alstom SA, Ashida Electronics Pvt. Ltd., DARE Electronics, Inc., Eaton   Corporation, Struthers-Dunn, LLC, Schneider Electric, FUJITSU, OMRON Corporation
 Customization scope  Free report customization with purchase.

 

Segmentation

  • By Type
    • General Purpose Relay
    • Power Relay
    • Contactor
    • Time-Delay Relay
    • Others
  • By Application
    • Factory Automation
    • Temperature Controllers
    • Motor Controls
    • Others
  • By End-user industry
    • Aerospace And Defense
    • Communication And Technology
    • HVAC
    • Automotive
    • Consumer Electronics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Others
 

Frequently Asked Questions (FAQs)

The electromechanical relay market is projected to reach a total market size of US$7,612.912 million in 2026.
The global electromechanical relay market is projected to witness a CAGR of 3.09% during the forecast period.
The electromechanical relay market is segmented based on type, application, end-user industry, and geography.
Electromechanical Relay Market was valued at US$6,153.601 million in 2019.
The rising number of renewable energy projects is fuelling the demand for high-capacity electromechanical relays, thus positively impacting the growth of the global EMR market.

1.Introduction

1.1.Market Definition

1.2.Market Segmentation

 

2.Research Methodology

2.1.Research Data

2.2.Assumptions

 

3.Executive Summary

3.1.Research Highlights

 

4.Market Dynamics

4.1.Market Drivers

4.2.Market Restraints

4.3.Porters Five Forces Analysis

4.3.1.Bargaining Power of End-Users

4.3.2.Bargaining Power of Buyers

4.3.3.Threat of New Entrants

4.3.4.Threat of Substitutes

4.3.5.Competitive Rivalry in the Industry

4.4.Industry Value Chain Analysis

 

5.Electromechanical relay market Analysis, by Type

5.1.Introduction

5.2.General Purpose Relay

5.3.Power Relay

5.4.Contactor

5.5.Time-Delay Relay

5.6.Others

 

6.Electromechanical relay market Analysis, by Application

6.1.Introduction

6.2.Factory Automation

6.3.Temperature Controllers

6.4.Motor Controls

6.5.Others

 

7.Electromechanical relay market Analysis, by End-user industry

7.1.Introduction

7.2.Aerospace And Defense

7.3.Communication And Technology

7.4.HVAC

7.5.Automotive

7.6.Consumer Electronics

7.7.Others

 

8.Electromechanical relay market Analysis, by Geography

8.1.Introduction

8.2.North America

8.2.1.North America Electromechanical relay market, By Type, 2021 to 2026

8.2.2.North America Electromechanical relay market, By Application, 2021 to 2026

8.2.3.North America Electromechanical relay market, By End user industry, 2021 to 2026

8.2.4.By Country

8.2.4.1.USA

8.2.4.2.Canada

8.2.4.3.Mexico

8.3.South America

8.3.1.South America Electromechanical relay market, By Type, 2021 to 2026

8.3.2.South America Electromechanical relay market, By Application, 2021 to 2026

8.3.3.South America Electromechanical relay market, By End user industry, 2021 to 2026

8.3.4.By Country

8.3.4.1.Brazil

8.3.4.2.Argentina

8.3.4.3.Others

8.4.Europe

8.4.1.Europe Electromechanical relay market, By Type, 2021 to 2026

8.4.2.Europe Electromechanical relay market, By Application, 2021 to 2026

8.4.3.Europe Electromechanical relay market, By End user industry, 2021 to 2026

8.4.4.By Country

8.4.4.1.1.Germany

8.4.4.1.2.France

8.4.4.1.3.UK

8.4.4.1.4.Others

8.5.Middle East and Africa

8.5.1.Middle East and Africa Electromechanical relay market, By Type, 2021 to 2026

8.5.2.Middle East and Africa Electromechanical relay market, By Application, 2021 to 2026

8.5.3.Middle East and Africa Electromechanical relay market, By End user industry, 2021 to 2026

8.5.4.By Country

8.5.4.1.Saudi Arabia

8.5.4.2.UAE

8.5.4.3.Others

8.6.Asia Pacific

8.6.1.Asia Pacific Electromechanical relay market, By Type, 2021 to 2026

8.6.2.Asia Pacific Electromechanical relay market, By Application, 2021 to 2026

8.6.3.Asia Pacific Electromechanical relay market, By End user industry, 2021 to 2026

8.6.4.By Country

8.6.4.1.China

8.6.4.2.India

8.6.4.3.Japan

8.6.4.4.South Korea

8.6.4.5.Others

 

9.Competitive Environment and Analysis

9.1.Major Players and Strategy Analysis

9.2.Emerging Players and Market Lucrativeness

9.3.Mergers, Acquisitions, Agreements, and Collaborations

9.4.Vendor Competitiveness Matrix

 

10.Company Profiles

10.1.ABB Ltd.

10.2.Alstom SA

10.3.Ashida Electronics Pvt. Ltd.

10.4.DARE Electronics, Inc.

10.5.Eaton Corporation

10.6.Struthers-Dunn, LLC

10.7.Schneider Electric

10.8.FUJITSU

10.9.Panasonic Corporation

10.10.OMRON Corporation


ABB Ltd.

Alstom SA

Ashida Electronics Pvt. Ltd.

DARE Electronics, Inc.

Eaton Corporation

Struthers-Dunn, LLC

Schneider Electric

FUJITSU

OMRON Corporation