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Relays Market

Relays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Global Relays Market: Snapshot

The implementation of smart power grids is one of the top priorities for most countries. It is catching on as a concept in developing economies at a rapid rate, and is already being implemented in several parts of developed countries. The scope of relays in an automated power grid is massive at they can help control all communication and distribution between the consumer and the supplier. This forms the key driver for all relay manufacturers around the world. 

Additionally, players in the global relay market are also seeking greater opportunities in the field of wireless communication, where the high demand for multiband wireless tech has allowed for a wide-scale usage of mobile stations, relays, and cells. The demand for relays is also high in the solar power industry, where high capacity power relays are used to safely cut of DC voltages as required.

The market for relays is, however, currently restrained by the impact of their life spans on overall cost savings involves, and the large percentage of regional players in the mix leading to a more unorganized market.

The resultant of all the above factors of influence, and more, can be seen on the global relays market, which is progressing at a CAGR of 7.7% from 2015 to 2021. This market is expected to be valued at US$16.24 bn by the end of 2021.

Asia Pacific Industrial Growth Radically Benefits Relay Manufacturers

The global demand for relays as a whole is being driven by the implementation of smart grids and multiband wireless tech. This applies on a much higher scale to Asia Pacific, which is expected to hold 44% of the market value for relays by 2021. It will consistently be the region to consume the largest quantity of relays, especially given the dynamic industrial scenario of India, Japan, and China. The contribution of these countries to the demand for relays from APAC is primarily the result of the rapid rate of industrialization and the introduction of modern power distribution and networking practices.

Several transmission and distribution systems in Asia Pacific are currently under overhaul, which is creating an additional demand for relays and other power grid components. The region is also showing a growing amount of interest in solar, wind, and tidal energy, increasing the need of larger power grids and therefore, relays and other components.

Rapidly Growing Demand for Relays Expected in Automotive, Semiconductors, and Other Industrial Infrastructure

By 2021, US$5.87 bn is expected to be generated by relay manufacturers from industries of semiconductors, infrastructure, and automobiles. They are collectively expected to be the largest application segment for the relays market till 2021. A major part of this demand originates from the automotive industry, which is currently experiencing a positive upswing in car sales across the world. At the same time, industrial infrastructure in developing economies is also under a high level of expansion and upgrade, allowing relay sales to rise.

The key companies in the global relays market include Crydom Corp., Siemens AG, Omron Corp., Alstom SA, Coto Technology, Fujitsu Ltd., StandexMeder Electronics GmbH, Teledyne Relays Inc., Schneider Electric SE, and Comus International.

Relays Market

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1. Preface
       1.1. Research Scope
       1.2. Market Segmentation
       1.3. Research Methodology

2. Executive Summary
       2.1. Global Relays Market Snapshot
       2.2. Global Relays Market Revenue, 2014 – 2021 (US$ Billion) and Year-on-Year Growth (%) 

3. Global Relays Market Overview
       3.1. Introduction
       3.2. Key Trends Analysis
       3.3. Market Drivers
       3.4. Market Restraints
       3.5. Market Opportunities
       3.6. Market Attractiveness Analysis for Global Relays Market
       3.7. Competitive Landscape

4. Global Relays Market Revenue, By product types, 2014 – 2021 (US$ Billion)
       4.1. Overview
                4.1.1. Revenue, 2014 – 2021 (US$ Billion)
                4.1.2. Y-o-Y Growth, 2015 – 2021 (Value %)
                4.1.3. Market Share, 2014 – 2021 (%)
       4.2. Latching relay
       4.3. Solid state relay
       4.4. Automotive relay
       4.5. Overload protection relay
       4.6. Electromechanical relay
       4.7. Others

5. Global Relays Market Revenue, By application, 2014 – 2021 (US$ Billion)
       5.1. Overview
                 5.1.1. Revenue, 2014 – 2021 (US$ Billion)
                 5.1.2. Y-o-Y Growth, 2015 – 2021 (Value %)
                 5.1.3. Market Share, 2014 – 2021 (%)
                 5.1.4. Military
                 5.1.5. Industrial automation
                 5.1.6. Electronics
                 5.1.7. Others

6. Global Relays Market Revenue, By Geography, 2014 – 2021 (US$ Billion)
       6.1. Overview
                 6.1.1. Revenue, 2014 – 2021 (US$ Billion)
                 6.1.2. Y-o-Y Growth, 2015 – 2021 (Value %)
                 6.1.3. Market Share, 2014 – 2021 (%)
       6.2. North America
                 6.2.1. U.S.                 
                 6.2.2. Canada
                 6.2.3. Others
       6.3. Europe
                 6.3.1. EU5 (UK, Italy, Spain, France, and Germany)
                 6.3.2. Rest of Europe
       6.4. Asia Pacific
                 6.4.1. India
                 6.4.2. China 
                 6.4.3. Japan
                 6.4.4. Rest of Asia Pacific
       6.5. RoW
                 6.5.1. Latin America
                 6.5.2. Middle-East
                 6.5.3. Rest of RoW

7. Company Profiles
                 7.1.1. Comus International 
                 7.1.2. Company Details (HQ, Foundation Year, Employee Strength)
                 7.1.3. Market Presence, By Segment and Geography
                 7.1.4. Key Developments
                 7.1.5. Strategy and Historical Roadmap
                 7.1.6. Revenue and Operating Profits

* Similar details would be provided for all the players mentioned below

       7.2. Coto Technology
       7.3. Crydom Corp.
       7.4. StandexMeder Electronics GmbH
       7.5. Alstom SA
       7.6. Siemens Ag
       7.7. Omron Corp.
       7.8. Schneider Electric SE
       7.9. Fujitsu Ltd.
       7.10. Teledyne Relays Inc.

 

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