Enjoy complimentary customisation on priority with our Enterprise License!
The infographic below contains key findings from our analysis of the industrial overload relays market
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
According to Technavio’s market research analysis, the introduction of smart electronic overload relays will be one of the key drivers for the global industrial overload relays market during the forecast period. Smart electronic overload relays provide improved motor protection and can gather and utilize real time for pre-maintenance of motors. These relays can predict electrical problems such as overloads, jams, and ground faults and keep track of the electrical problems in real time. Moreover, the ease of configuration enables remote monitoring and can immediately spot motor failures. These advantages of smart electronic overload relays have raised its demand in different process and discrete industries. This propel the growth of the industrial overload relays market during the forecast period. This market will register a revenue of more than USD 184 million by 2022.
In terms of geography, APAC will be the major revenue contributor to the industrial overload relays market throughout the forecast period. The rising adoption of overload relays in numerous process and discrete industries will drive the growth of the industrial overload relays market in APAC during the forecast period. Countries such as China, Japan, and India are the key contributors of this market in the region.
The competition in the industrial overload relays market is quite high with the presence of numerous vendors. The market is observed to have high innovations and vendors are striving hard to offer high quality products at competitive prices. Also, the vendors are trying to manufacture products that are regulatory compliant and gain market share by offering advanced products.
The leading vendors in the market are –
The other prominent vendors in the market are General Electric, Sprecher+Schuh, Littelfuse, GREEGOO Electric, Finder, MTE, Riken Electric, Benshaw, Meba Electric, GWIEC Electric, Lovato Electric, Kawamura Electric, Mitsubishi Electric, Fuji Electric, Texas Instruments, Danfoss, Emera, Tsubakimoto Chain, Hubbell Industrial Controls, Struthers-Dunn, Coto Technology, and Global Zeus.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
The thermal overload relays hold the major share of the industrial overload relays market. These relays offer needed protection for motors during overloads or phase failures and provide a compact starting solution when attached with contactors. Such factors will contribute to the thermal overload relays growth in the forthcoming years.
The thermal overload relays are increasingly used for motor protection. These overload relays are simple, cost-effective, and effectual motor protection equipment that are widely used in various process and discrete industries. Common electrical problems such as overcurrent and single phasing in motors can be solved with the utilization of overload relays.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: CUSTOMER LANDSCAPE
PART 10: MARKET SEGMENTATION BY END-USER
PART 11: REGIONAL LANDSCAPE
PART 12: DECISION FRAMEWORK
PART 13: DRIVERS AND CHALLENGES
PART 14: MARKET TRENDS
PART 15: VENDOR LANDSCAPE
PART 16: VENDOR ANALYSIS
PART 17: APPENDIX
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.