The relay and industrial control manufacturing industry
comprise establishments manufacturing relays, motor starters and controllers
and other industrial controls and control accessories. Major products in this
industry 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 global relay and industrial control manufacturing market
has shown high powered growth in the past years with a CAGR of over 8%. The
year 2017 recorded highest ever growth in this market with a net value of over
$60 billion as per TBRC’s in-house consultants.
TBRC’s latest report show the growing trends in the market
for each year, globally and geographically with sourced reasons to support the
growth claims.
The report also shows the relay and industrial control
manufacturing market decline by nearly half the CAGR by 2021 as compared to
2017.
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report at
Africa emerged as the fastest growing market with the
highest CAGR at about 8%, with a market share of 12%. Africa was followed by
Middle East which had a CAGR of 7%, and 11% market share.
Companies included in the report are ABB Ltd, Rockwell
Automation, Schneider Electric S.A., Omron Corporation, and Siemens.
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