Electromechanical Relay Market is projected to grow at a CAGR 3.13%

Electromechanical Relay Market is projected to grow at a CAGR 3.13%

By Knowledge Sourcing Intelligence Press Releases

 

Knowledge Sourcing Intelligence announces the publication of a new report on “Electromechanical Relay Market - Forecasts from 2020 to 2025” to their offering.

The profusion of consumer electronics, rising industrial microwave investments wherein electric circuits and its control is an integral part, reduction of power consumption are the prime factors, among others, that are estimated to drive market growth.

As per the report, the market pertaining to the Electromechanical Relay Market is expected to reach US$7,161.108 million by 2024, from US$ 5,952.099 million in 2018.      

Switches that can control high power electrical devices by utilizing a small amount of power are called Electromechanical relays. It is possible to operate this component by both AC and DC power. Upon the successful supply of power, a magnetic force is generated that in turn controls the mechanism of the switch. This device is known for its long life, energy-efficient functioning, and high efficiency of the applications viz.  power supply switching in DTH boxes, factory automation, motor controllers, temperature controller in HVAC devices, TVs, among others to which they are integrated.  Besides there are numerous applications of electromechanical relays that are inclusive of but not limited to power systems networks like the intended end use of control, automation, and failure prevention. The other distinctive applications of relays include those of automotive, motion control, electric fuel pump, industrial application s where high voltages are required to control large power load. In addition to its myriad applications, it is also the most sought-after component in almost all industrial operations due to its capabilities to minimize power consumption and reduce operational cost and business carbon footprint. Nevertheless, the availability of solid-state relays (SSRs) as a result of continuous R&D in semiconductor fabrication and allied technologies which acts as substitutes may restrain the growth of the market to a certain extent.

The demand for this device has been recognized by the stalwarts on this market who have invested in continuous R&D to bring about new product innovation as exemplified by a Schneider Electric (Euronext: SU) which is globally recognized agent of bringing about Digital Transformation of Energy Management and Automation in data centers, residences among other being the unparalleled leader in power management: automation systems as well as in low voltage and secure power, medium voltage, providing integrated efficacious solutions by combining automation, energy, and software. In November 2018, it had reportedly launched the Easergy P3 system and arc flash protection relay which features the ability to trip a circuit breaker the moment a fault is detected and has been designed to save time required for operation, minimize damage caused to the equipment with the aid of flash protection system which is a state of the art protect systems. This new product had been launched wit rationale to enhance the efficiency and total cost of implementation concomitantly saving time in procurement, installation, wiring, and configuration. This innovation also marks as the major step Medium Voltage equipment protection and control devices, which can be simply integrated, rendering relatively greater speed to every stage of the project ranging from product selection, through installation and configuration. It is also part of the connected portfolio of the organization’s IoT enabled architecture: EcoStruxure Power.

Furthermore, in March 2020, it was announced that renowned provider of RF, microwave and millimeter-wave products, Pasternack reportedly launched new series of Double Ridge Waveguide Electromechanical Relay Switches, which is expected to perform over a large range of frequency bands rendering it suitable for applications required in electronic countermeasures, electronic warfare, microwave radio, radar, test instrumentation, SAT,  and research and development. This comprehensive range of products has been made available with features like broadband multi-octave frequency coverage that ranges from 6.5 GHz to 40 GHz in SPDT and along with DPDT configurations which are optional. The design of the products reportedly supports waveguide sizes of WRD-650, WRD-750, and WRD-180. The typical performance is said to include 2.5 dB insertion loss, 80 dB isolation, and power handling capabilities of up to 8.5kW. The enticing features are actuators that are latching self-cut-off, motor drive with arc suppression that is patented, position indictors that can be overridden manually, TTL logic, among others.

As a part of the report, the major players operating in the electromechanical relay market, which have been covered are Struthers-Dunn, LLC, Schneider Electric, FUJITSU, OMRON Corporation, ABB, General Electric Company, Honeywell International Inc., Siemens, Teledyne Relays, and Panasonic Corporation.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/electromechanical-relays-market

This report segmented the electromechanical relay market on the basis following terms

  • 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
    • Automotive
    • Consumer Electronics
    • Others
  • By Geography
    • North America
    • USA
    • Canada
    • Mexico
    • South America
    • Brazil
    • Argentina
    • Other
    • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Israel
    • Saudi Arabia
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others