The Global Relay And Industrial Control Manufacturing Market
Posted by praneeth on July 5th, 2018
The relay and industrial control manufacturing market comprise establishments manufacturing relays, motor starters and controllers and other industrial controls and control accessories. Major products in this market 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 relay and industrial control manufacturing market is valued at around USD 60 billion in 2017 due to the increasing demand for transportation services owing to rapid urbanization. Asia Pacific was the largest region in the relay and industrial control manufacturing market in 2017, accounting for more than one-third of the market share.
The relay and industrial control manufacturing market in The Business Research Company’s report is segmented into relays and industrial controls. While the first segment account for more than half of the market share, the remaining is attributed to industrial controls segment.
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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 was the result of high demand for motor starters and controllers from automobile, FMCG and machinery manufacturing industries. China was followed by Germany and the USA.
ABB Group Ltd was the largest competitor in the relay and industrial control manufacturing market in 2017, followed by Rockwell Automation and Schneider Electric S.A. ABB Group is one of the largest engineering companies and a conglomerate operating mainly in robotics, power and automation technology. The company is headquartered in Switzerland.
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Joined: June 6th, 2018
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