Electromechanical Relay Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
The electromechanical relay is a remote controlled switch capable of switching many circuits, eitherin sequence or individually. Electromechanical relays have high quality performance and attractive design features such aslonger switching operation life, lower power consumption for reduced power demand and higher reliability over product life. Electromechanical relays have superior performance over poorly performed models of relays available with nickel alloy. Despitethe movement towardshigh speed communications and intelligent electronic devices, companies such as ABB Ltd. and General Electric Company are still firmly committed to theviable electromechanical relay market. There are a number of applications in electromechanical relay market where practical considerations can justify continued usage of theseelectromechanical devices.Power supply switching for DVDs, TVs, set top boxes, factory automation, HVAC (heating, ventilation, airconditioning) temperature controllers, motor controls and programmable logic controllers are some of the applications in electromechanical relay market. Electromechanical relays have strong contact pins that do not bend, which further leads to lower terminalresistance, higher conductivityand lower operating temperature.
Electromechanical relay market can be segmented based on type.Reed relays, heavy duty and high voltage relays and aerospace relays are some of the typesof electromechanical relays. Reed relays comprises of a single reed switch bounded with a solenoid. Reed relay’s contact are positioned inside a ceramic or glass tube for protection from corrosion. Heavy duty relays are mainly utilized for industrial applications such as machine control. Aerospace relays are manufactured in compliance with the standards such as M83536, MIL-PRF-39016, and M83726 for defense and aerospace applications.
Companies in Eastern Europe, Russia, India and China are projected to benefit from government subsidies and special restrictive considerations to serve electromechanical relay market. Furthermore, companies in Eastern Europe and Russia have teamed with local producers to open electromechanical relay production facilities.India too has grown industry suppliers led by firms such as Ashida Electronics Pvt. Ltd.and Control and Switchgear electric Limited.North American utilities are expected to dominate the power supply industry in terms of revenues, utility customers,transmission lines and production capacity. Economic growth in countries such as Germany and South Korea are some of the major factors driving the demand for electromechanical relay market.
Preference of users to work with the existing electromechanical technology, harsh environments, reliability, easy to repair, simplicity in understanding, and testing and maintenance are some factors that are projected to drive electromechanical relay market. Users in electromechanical relay market choose to work with the existing technology rather than going to the expense and trouble of redesigning facilities and drawings to incorporate new digital technology. In addition, under extreme heat conditions, electromechanical relays are more reliable than other versions of nickel alloy relays. Electromechanical relays are inherently self powered that requires the presence of a secure power supply.Although digital technology represents the prime focus for many applications of electromechanical relay, it is evident that the demand for electromechanical relay technology is expected to remain strong in coming years.
Some of the major players in electromechanical relay market are DARE Electronics, Inc.,Leone Systems, TE Connectivity Ltd., Ashida Electronics Pvt. Ltd.,Control &Switchgear Electric Limited, Eaton Corporation, Hitachi, Ltd., Areva T&D India Ltd., Siemens AG, General Electric, Alstom SA and ABB Ltd. among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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- This report provides pin-point analysis for changing competitive dynamics
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- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
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Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.
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