Electromechanical relay is a type of switch which is used to handle high power devices. Electromechanical relay controls the electric circuit by closing or opening the links of that circuit. Electromechanical relay consists of three terminals, namely normally closed (NC), common (COM), and normally opened (NO) contacts. These relays can work on both direct current and Alternative current supply sources. The electromechanical relay is extensively used in kitchen appliances that need to be turned on and off.
MARKET DYNAMICS
Less power consumption, reliable, low cost, long operation life, and easy maintenance are the major factors driving the growth of the electromechanical relay market. However, the availability of solid-state relays (SSRs) as an alternative due to improvements in manufacturing technology and semiconductor fabrication shall hamper the growth of the electromechanical relay market. Rising demand for electromechanical relays due to its long operation life, low cost, less power consumption, and easy maintenance are the factors helping in the growth of the electromechanical relay market.
MARKET SCOPE
The "Global Electromechanical Relay Market Analysis to 2028" is a specialized and in-depth study of the Electromechanical relay market with a special focus on the global market trend analysis. The report aims to provide an overview of Electromechanical relay market with detailed market segmentation by type, industrial vertical. The global Electromechanical relay market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Electromechanical relay market players and offers key trends and opportunities in the Electromechanical relay market.
MARKET SEGMENTATION
The global Electromechanical relay market is segmented on the basis of type, industrial vertical. On the basis of type, the market is segmented as reed relays, heavy duty and high voltage relays, aerospace/MIL-SPEC relays. On the basis of industrial vertical, the market is segmented as consumer electronics, industrial automation, automotive, aerospace, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Electromechanical relay market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Electromechanical relay market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Electromechanical relay market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Electromechanical relay market in these regions.
MARKET PLAYERS
The reports cover key developments in the Electromechanical relay market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Electromechanical relay market are anticipated to lucrative growth opportunities in the future with the rising demand for Electromechanical relay market. Below mentioned is the list of few companies engaged in the Electromechanical relay market.
The report also includes the profiles of key Electromechanical relay market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Ltd.
- Alstom SA
- Ashida Electronics Pvt. Ltd.
- DARE Electronics, Inc.
- Eaton Corporation
- General Electric
- Hitachi, Ltd.
- Leone Systems
- Siemens AG
- TE Connectivity Ltd.