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Pulished Date April, 2021
ID: 11433
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Electromechanical Relay market segmentation by Type (Reed relays, heavy-duty and high voltage relays and aerospace relays) By Applications (DVDs, TVs, set-top boxes, factory automation, HVAC (heating, ventilation, airconditioning), temperature controllers, motor controls, and programmable logic controllers) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 11433
Pages: 175

Electromechanical Relay Market Size, Trends & Growth (2021 - 2026)

The electromechanical relay is a switch that is utilized to control high-power gadgets; it controls the electrical circuit by opening or shutting the contacts in this circuit. It comprises three terminals, specifically the normal (COM), ordinarily shut (NC), and typically open (NO) contacts. These relays can work with both AC and DC power sources. Ease, long help life, lower power utilization, and simple and solid support drive the market.

Electromechanical relays have excellent execution and appealing plan highlights, like longer life, lower power utilization for lower power interest, and more prominent dependability over the existence of the item. Electromechanical relays outflank low-execution hand-off models accessible with a nickel compound. Despite the move toward high-speed communications and smart electronics, companies such as ABB Ltd and General Electric Company remain firmly committed to the viable market for electromechanical relays. There are a number of applications in the electromechanical relay market where practical considerations may justify the continued use of these electromechanical devices.

Recent Developments:

  • Pasternack, a brand of Infinite Electronics and the main provider of RF, microwave, and millimeter-wave items, has dispatched another line of miniature estimated, surface-mounted, single-post, and twofold toss electromechanical hand-off switches that convey band execution wide and are ideal for an assortment of uses that may include high force, network switches, and test and estimation frameworks.
  • TE Connectivity procured DRI Relays Inc., a creator and producer of airtight fixed electromechanical relays, timing gadgets, and repositories for applications requiring high dependability and long life in brutal conditions.
  • Electronics: Turn off the fuses, start managing - The future of electronics in wiring systems.
  • DARE Electronics, Inc. has practical experience in the plan and production of standard and custom relays, including timing transfers, over/under/over voltage sense transfers, over/under recurrence sense transfers, stage sensors, screens of power, current sensors, blinkers, and other electromechanical gadgets.

Drivers and Restraints of Electromechanical Relay Market

Drivers: 

Advantageous characteristics of electromechanical relays such as low cost, long service life, lower power consumption, reliability, and easy maintenance are driving the demand for this product in the world. Smart grids are developed to distribute electricity to each region in order to overcome excessive demand for electricity. These keen frameworks additionally use relays to ensure electrical circuits against over-burdens, a main thrust behind the market. What's more, deals of electromechanical transfers are expanding as sunlight based advancements use relays to shield circuits from harm and over-burdens, and the interest for sun based applications is expanding step by step, showing the expanding reception of incredible electromechanical transfers, particularly in the car, mechanical industry areas and electrical apparatuses. This measurement gives data on the worldwide interest in sun-oriented applications from 2004 to 2017. In 2017, the worldwide interest here reached the US $ 161 billion.

Restraints:

Important limitations for this market are that these relays generally break easily due to improper applications, environmental issues, and the like. Also, due to the generation of additional heat, the circuit coils can be damaged.

Electromechanical Relay Market Segmentation:

By Type:

  • Reed relays
  • Heavy duty
  • High voltage relays
  • Aerospace relays

Of every one of these heavy-duty relays, it possesses the prevailing piece of the market share. Since substantial overcoats are frequently utilized in car apparatus and other modern applications are made of durable and long-lasting materials and are widely used to control starters and other components. Relays designed for high-voltage and high-frequency applications are highly insulated and use durable materials to increase contact life and withstand heavy use. They can typically withstand surges of several kilovolts (kV).

By Application:

  • DVDs
  • TVs
  • Set-top boxes
  • Factory automation
  • HVAC
  • Temperature controllers
  • Motor controllers
  • Programmable logic controllers

The automotive segment occupies a dominant share due to the significant growth of these electromechanical relay applications in the automobile manufacturing sector, which is currently experiencing a strong increase in automobile sales worldwide. Most car manufacturers use relays in the car fuse box to prevent overloads and circuit failures.

Electromechanical Relay Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden

The electromechanical relay market in Europe is relied upon to develop at a CAGR of XX%. The market is required to expand its income because of the expanding appropriation of electromechanical relays because of their unrivaled presentation and high proficiency. This is fundamentally because of the fast speed of industrialization and the presentation of current force circulation and organization rehearses. Various transmission and distribution systems in Asia-Pacific are currently under review, creating additional demand for relays and other smart grid components. The region has also improved solar, wind, and tidal power, increasing the need for larger power grids, and therefore relays and other components.

  1. Asia Pacific
    1. China
    2. India
    3. Japan

A developing populace and an arising economy are adding to the expanded utilization of different utensils in electromechanical relays. The electromechanical relay market is expanding in the APAC area as the interest for power increments. Much of this demand comes from China, Japan and India. The acceptance of solar projects is growing on a global scale, which in fact increases the demand for electromechanical relays.

  1. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  2. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

  • DARE Electronics, Inc.,
  • Leone Systems,
  • TE Connectivity Ltd.,
  • Ashida Electronics Pvt. Ltd.,
  • Control &Switchgear Electric Limited,
  • Eaton Corporation,
  • Hitachi Ltd.,
  • ABB Ltd.,
  • Siemens AG,
  • General Electric

IMPACT OF COVID-19 ON ELECTROMECHANICAL RELAY MARKET:

COVID-19 is an unrivaled global public health emergency that has affected nearly every industry, hence the long-term effects expected to impact industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure that the underlying issues of COVID-19 and possible future pathways are included. The report provides insights on COVID-19 taking into account changes in consumer behavior and demand, purchasing patterns, supply chain deviation, the dynamics of current market forces, and major interventions. The updated study provides information, analysis, estimates and forecasts, considering the impact of COVID-19 on the market. Since the COVID-19 virus outbreak in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization declared it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already beginning to be felt and will significantly affect the AC electromechanical relay market in 2021. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, creating disruptions in the supply chain and the market, and through its financial impact on companies and financial markets. The COVID-19 outbreak has affected many aspects, such as flight cancellations; travel bans and quarantines; closed restaurants; all indoor events are restricted; more than 40 countries have declared a state of emergency; massive drop in the supply chain; stock market volatility; declining business confidence, growing public panic, and uncertainty about the future.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Electromechanical Relay Market, By Type             

                    6.1.1 Reed relays    

                    6.1.2 Heavy duty    

                    6.1.3 High voltage relays  

                    6.1.4 Aerospace relays      

                    6.1.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.6 Y-o-Y Growth Rate Analysis         

                    6.1.7 Market Attractiveness Index         

          6.2 Electromechanical Relay Market, By Application              

                    6.2.1 DVDs  

                    6.2.2 TVs     

                    6.2.3 Set-top boxes

                    6.2.4 Factory automation  

                    6.2.5 HVAC  

                    6.2.6 Temperature controllers     

                    6.2.7 Motor controllers     

                    6.2.8 Programmable logic controllers    

                    6.2.9 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.10 Y-o-Y Growth Rate Analysis       

                    6.2.11 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Type         

                    7.2.3 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Type         

                    7.3.3 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Type         

                    7.4.3 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Type         

                    7.5.3 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Type         

                    7.6.3 By Application

8. Key Player Analysis                           

          8.1 DARE Electronics, Inc.,          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Leone Systems,           

          8.3 TE Connectivity Ltd.,             

          8.4 Ashida Electronics Pvt. Ltd.,            

          8.5 Control &Switchgear Electric Limited,                   

          8.6 Eaton Corporation,                

          8.7 Hitachi Ltd.,               

          8.8 ABB Ltd.,          

          8.9 Siemens AG,               

          8.10 General Electric                   

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Electromechanical Relay Market By Region, From 2021-2026 ( USD Billion )
  2. Global Electromechanical Relay Market By Type, From 2021-2026 ( USD Billion )
  3. Global Reed relays Market By Region, From 2021-2026 ( USD Billion )
  4. Global Heavy duty Market By Region, From 2021-2026 ( USD Billion )
  5. Global High voltage relays Market By Region, From 2021-2026 ( USD Billion )
  6. Global Aerospace relays Market By Region, From 2021-2026 ( USD Billion )
  7. Global Electromechanical Relay Market By Application, From 2021-2026 ( USD Billion )
  8. Global DVDs Market By Region, From 2021-2026 ( USD Billion )
  9. Global TVs Market By Region, From 2021-2026 ( USD Billion )
  10. Global Set-top boxes Market By Region, From 2021-2026 ( USD Billion )
  11. Global Factory automation Market By Region, From 2021-2026 ( USD Billion )
  12. Global HVAC Market By Region, From 2021-2026 ( USD Billion )
  13. Global Temperature controllers Market By Region, From 2021-2026 ( USD Billion )
  14. Global Motor controllers Market By Region, From 2021-2026 ( USD Billion )
  15. Global Programmable logic controllers Market By Region, From 2021-2026 ( USD Billion )

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