Growing Demand for Automation in Industrial Processes Drives Growth of Relays Market

Relays market is anticipated to grow at a significant CAGR of 12.7% during the forecast period (2024-2031). The market growth is attributed to increased automation in manufacturing, smart factories and Industry 4.0, energy efficiency and control systems, and growth in robotics. The demand for relays increases as factories and industries implement automated systems. Relays play a crucial role in controlling machinery, ensuring the smooth functioning of automated processes. The significance of dependable and high-performance relays to oversee intricate control systems, thus guaranteeing safe and efficient operations in a variety of industrial sectors, has been increased by the transition to smart manufacturing and the incorporation of Industry 4.0 technologies, including IoT and robotics.

Browse the full report description of “Relays Market Size, Share & Trends Analysis Report by Type (Electromechanical Relays (EMR), Solid State Relays (SSR), Thermal Relays, Latching Relays, Automotive Relays and Others), by Voltage Range (Low Voltage Relays, Medium Voltage Relays and High Voltage Relays), and by End-User Industry (Automotive and Transportation, Energy and Power, Electronics and Semiconductors, Aerospace and Defense and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/relays-market

According to the International Society of Automation (ISA), the global industrial automation market size is expected to reach $395.09 billion by 2029. Switching, automation, and protection depend on relays in the transition to smart factories, where interconnected machines operate autonomously. Automation systems demand energy-efficient processes. Relays allow for precise control over energy distribution and monitoring of electrical systems, which improves efficiency. Relays are critical for overload prevention and safety in automated applications, lowering the potential of system failure and equipment damage.

Recent Developments

• In August 2024, Hitachi Energy’s introduced a new relay to meet the demands of distribution automation and medium-voltage applications. The launch of the Relion REF650 multi-application protection and control relay, specifically designed for medium-voltage power distribution grids. The REF650 is uniquely suited for the evolving power quality requirements across both utility and industrial operations.

• In October 2023, Industry automation solutions provider Omron Automation America added advancements to its’ panel solutions with the new MY-GS-R relay. The relay can be integrated into broad industries with various applications, including food processing, packaging machinery, palletizing/de-palletizing, assembling, and material handling.

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Voltage Range

o By End-User Industry

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- ABB Ltd., Omron Corp., Schneider Electric, Siemens AG, and TE Connectivity among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Relays Market Report Segment

By Type

• Electromechanical Relays (EMR)
• Solid State Relays (SSR)
• Thermal Relays
• Latching Relays
• Automotive Relays
• Others (Magnetic Relays, Hybrid Relays, Reed Relays, Time Delay Relays)

By Voltage Range

• Low Voltage Relays
• Medium Voltage Relays
• High Voltage Relays

By End-User Industry

• Automotive and Transportation
• Energy and Power
• Electronics and Semiconductors
• Aerospace and Defense
• Others (Healthcare, Chemical Processing)

Global Relays Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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