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 substantial reason for the growth of the relay and industrial control manufacturing market from $59 billion in 2017 to $72 billion by 2021 is an increasing demand to enhance process efficiency and productivity. SCADA (Supervisory control and data acquisition) systems are used to remotely control industrial processes such as power generation, fabrication and refining through coded signals over cloud channels.
The market can easily split into relays and control industries out of which relays comprises of one third of the market and rest of the market is shared by control industries.
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China was the largest country in the relay and industrial control manufacturing market in 2017, accounting for one- fourth of the market share. This is primarily due to high demand for motor starters and controllers from automobile, FMCG and machinery manufacturing industries followed by Germany and the USA.
The top five competitors in the market made up to half of the total market share in 2017. Siemens AG was the largest competitor with nearly 16% of the market, followed by ABB Ltd., Schneider Electric, Eaton Corporation, and Omron Corporation.
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