The
relay and industrial control manufacturing market comprise establishments
manufacturing relays, motor starters and controllers and other industrial
controls and control accessories. Major products in this market are control
circuit relays and devices, brakes and clutches, armature relays, motor
controls and starters, solenoid switches, timing devices, rheostats and others.
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The
relay and industrial control manufacturing market is valued at around $60
billion in 2017 due to the increasing demand for transportation services owing
to rapid urbanization. Asia Pacific was the largest region in the relay and
industrial control manufacturing market in 2017, accounting for more than
one-third of the market share.
The
relay and industrial control manufacturing market in The Business Research
Company’s report is segmented into relays and industrial controls. While the
first segment account for more than half of the market share, the remaining is
attributed to industrial controls segment.
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a sample of the report at
China was the largest country in the
relay and industrial control manufacturing market in 2017, accounting for
one-fourth of the market share. This was the result of high demand for motor
starters and controllers from automobile, FMCG and machinery manufacturing
industries. China was followed by Germany and the USA.
ABB
Group Ltd was the largest competitor in the relay and industrial control
manufacturing market in 2017, followed by Rockwell Automation and Schneider
Electric S.A. ABB Group is one of the largest engineering companies and a
conglomerate operating mainly in robotics, power and automation technology. The
company is headquartered in Switzerland.
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