Industrial Monitoring Relays Market by End-user, Product, and Geography - Forecast and Analysis 2022-2026

Published: Apr 2022 Pages: 120 SKU: IRTNTR73273

The industrial monitoring relays market share is expected to increase to USD 597.97 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.18%.

This industrial monitoring relays market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial monitoring relays market segmentations by end-user (power industry, oil and gas industry, automotive industry, chemical industry, and others), product (voltage monitoring relays, phase monitoring relays, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The industrial monitoring relays market report also offers information on several market vendors, including ABB Ltd., AIC Technik Pvt. Ltd., ALSTOM SA, Banner Engineering Corp., Bender GmbH and Co. KG, Broyce Control, Coto Technology, Danfoss AS, Eaton Corp. Plc, FINDER SpA, Fujitsu Ltd., FURUKAWA Co. Ltd., General Electric Co., Macromatic Industrial Controls Inc., OMRON Corp., Phoenix Contact GmbH and Co. KG, Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Shenle Corp Ltd, Siemens AG, TE Connectivity Ltd., and WEG Equipamentos Eletricos SA among others.

What will the Industrial Monitoring Relays Market Size be During the Forecast Period?

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Industrial Monitoring Relays Market: Key Drivers, Trends, and Challenges

The growing need for safe and reliable monitoring devices for power equipment is notably driving the industrial monitoring relays market growth, although factors such as low revenue from retrofit and replacement activities due to the growing adoption of maintenance-free monitoring relays may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial monitoring relays industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Monitoring Relays Market Driver

The growing need for safe and reliable monitoring devices for power equipment is one of the key drivers supporting the industrial monitoring relays market growth. Industries have taken to spending a large amount of their capital expenditure on monitoring equipment over the last five years. Monitoring devices not only aid industry personnel in increasing the lifespan of equipment but also help in preventing damage to the connected device, thereby decreasing downtime. Moreover, monitoring relays in electrical circuits add to the safety of equipment such as motors and generators. They are used for phase and voltage fault detection in circuits and prevent the equipment from functioning at temperatures above approved ratings. Thus, the increasing need for safe and reliable monitoring in industries is expected to drive the sales of monitoring relays during the forecast period. 

Key Industrial Monitoring Relays Market Trend

The emergence of IoT-based monitoring relays is one of the key industrial monitoring relays market trends that is contributing to market growth. IoT-based monitoring relays aid in conducting preventive maintenance of the connected equipment and the circuit if required. The combination of real-time and historical data also helps in recognizing a pattern of faults that occur in circuits. This helps in modifying the design of relays while manufacturing. It also helps in making relays capable of adapting to various voltages and temperatures. Hence, the introduction of IoT-based monitoring relays during the forecast period can bring about positive outcomes for the global industrial monitoring relays market by increasing the adoption of these devices. Thus, the implementation of IoT in end-user industries will further magnify the scope of the adoption of IoT-based monitoring relays.

Key Industrial Monitoring Relays Market Challenge

Low revenue from retrofit and replacement activities due to the growing adoption of maintenance-free monitoring relays is one of the factors hindering the industrial monitoring relays market growth. The increased use of maintenance-free monitoring devices in electrical circuits can bring down the adoption rate of industrial monitoring relays and can even result in a decrease in revenue for the market players during the forecast period. The implementation of maintenance-free monitoring relays can also result in a decline in the revenues generated from the retrofit and replacement services in industries. Thus, the decrease in retrofit and replacement services can bring down the revenue generated for vendors in the global industrial monitoring relays market during the forecast period.

This industrial monitoring relays market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial monitoring relays market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial monitoring relays market during the forecast period.

Who are the Major Industrial Monitoring Relays Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • AIC Technik Pvt. Ltd.
  • ALSTOM SA
  • Banner Engineering Corp.
  • Bender GmbH and Co. KG
  • Broyce Control
  • Coto Technology
  • Danfoss AS
  • Eaton Corp. Plc
  • FINDER SpA
  • Fujitsu Ltd.
  • FURUKAWA Co. Ltd.
  • General Electric Co.
  • Macromatic Industrial Controls Inc.
  • OMRON Corp.
  • Phoenix Contact GmbH and Co. KG
  • Pilz GmbH and Co. KG
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Schweitzer Engineering Laboratories Inc.
  • Shenle Corp Ltd
  • Siemens AG
  • TE Connectivity Ltd.
  • WEG Equipamentos Eletricos SA

 

This statistical study of the industrial monitoring relays market encompasses successful business strategies deployed by the key vendors. The industrial monitoring relays market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • ABB Ltd. - Through the electrification segment, the company offers electrification and building management solutions, products and services for utilities, industry, transport, and infrastructure. 
  • ABB Ltd. - The company offers a comprehensive range of electronic timers, measuring and monitoring relays, interface relays, and power supplies, that help customers source all their critical components from a single global supplier. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial monitoring relays market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Industrial Monitoring Relays Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial monitoring relays market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Industrial Monitoring Relays Market?

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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the industrial monitoring relays market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high urbanization rate will facilitate the industrial monitoring relays market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Many onshore and offshore drilling units have been compelled to shut down their operations over the last two years due to the ongoing COVID-19 pandemic. However, the gradual recovery of the oil and gas industry from early 2021 onwards owing to the relaxation in lockdown restrictions and the resumption of operation across plants following the initiation of mass COVID-19 vaccination programs across the region are expected to drive the recovery and growth of the industry during the forecast period.

What are the Revenue-generating End-user Segments in the Industrial Monitoring Relays Market?

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The industrial monitoring relays market share growth by the power industry segment will be significant during the forecast period. The power industry is expected to record sustainable growth during the forecast period, considering the ongoing switch to renewable sources of energy production. The increasing rate of urbanization has amplified the demand for electricity generation. Thus, the need to maintain a constant supply of electricity to industrial and residential areas has prompted power plants to speed up and expand their production processes. These factors will drive segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial monitoring relays market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Industrial Monitoring Relays Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.18%

Market growth 2022-2026

$597.97 million

Market structure

Fragmented

YoY growth (%)

5.1

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., AIC Technik Pvt. Ltd., ALSTOM SA, Banner Engineering Corp., Bender GmbH and Co. KG, Broyce Control, Coto Technology, Danfoss AS, Eaton Corp. Plc, FINDER SpA, Fujitsu Ltd., FURUKAWA Co. Ltd., General Electric Co., Macromatic Industrial Controls Inc., OMRON Corp., Phoenix Contact GmbH and Co. KG, Pilz GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Schweitzer Engineering Laboratories Inc., Shenle Corp Ltd, Siemens AG, TE Connectivity Ltd., and WEG Equipamentos Eletricos SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Industrial Monitoring Relays Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial monitoring relays market growth during the next five years
  • Precise estimation of the industrial monitoring relays market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial monitoring relays industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial monitoring relays market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Power industry - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Power industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Power industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Power industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Power industry - Year-over-year growth 2021-2026 (%)
    • 5.4 Oil and gas industry - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Oil and gas industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Oil and gas industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Oil and gas industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Oil and gas industry - Year-over-year growth 2021-2026 (%)
    • 5.5 Automotive industry - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Automotive industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Automotive industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Automotive industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Automotive industry - Year-over-year growth 2021-2026 (%)
    • 5.6 Chemical industry - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Chemical industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Chemical industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Chemical industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Chemical industry - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 49: Market opportunity by End-user ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 50: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 52: Chart on Comparison by Product
      • Exhibit 53: Data Table on Comparison by Product
    • 6.3 Voltage monitoring relays - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Voltage monitoring relays - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Voltage monitoring relays - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Voltage monitoring relays - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Voltage monitoring relays - Year-over-year growth 2021-2026 (%)
    • 6.4 Phase monitoring relays - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Phase monitoring relays - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Phase monitoring relays - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Phase monitoring relays - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Phase monitoring relays - Year-over-year growth 2021-2026 (%)
    • 6.5 Others - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 66: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 68: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 69: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 70: Chart on Geographic comparison
      • Exhibit 71: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 72: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 North America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 88: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 92: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Germany - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.11 India - Market size and forecast 2021-2026
      • Exhibit 104: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 8.12 Canada - Market size and forecast 2021-2026
      • Exhibit 108: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 109: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 110: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 111: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 112: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 11.3 ABB Ltd.
              • Exhibit 119: ABB Ltd. - Overview
              • Exhibit 120: ABB Ltd. - Business segments
              • Exhibit 121: ABB Ltd. - Key offerings
              • Exhibit 122: ABB Ltd. - Segment focus
            • 11.4 ALSTOM SA
              • Exhibit 123: ALSTOM SA - Overview
              • Exhibit 124: ALSTOM SA - Business segments
              • Exhibit 125: ALSTOM SA - Key news
              • Exhibit 126: ALSTOM SA - Key offerings
              • Exhibit 127: ALSTOM SA - Segment focus
            • 11.5 Banner Engineering Corp.
              • Exhibit 128: Banner Engineering Corp. - Overview
              • Exhibit 129: Banner Engineering Corp. - Product / Service
              • Exhibit 130: Banner Engineering Corp. - Key offerings
            • 11.6 Bender GmbH and Co. KG
              • Exhibit 131: Bender GmbH and Co. KG - Overview
              • Exhibit 132: Bender GmbH and Co. KG - Product / Service
              • Exhibit 133: Bender GmbH and Co. KG - Key offerings
            • 11.7 Eaton Corp. Plc
              • Exhibit 134: Eaton Corp. Plc - Overview
              • Exhibit 135: Eaton Corp. Plc - Business segments
              • Exhibit 136: Eaton Corp. Plc - Key news
              • Exhibit 137: Eaton Corp. Plc - Key offerings
              • Exhibit 138: Eaton Corp. Plc - Segment focus
            • 11.8 FINDER SpA
              • Exhibit 139: FINDER SpA - Overview
              • Exhibit 140: FINDER SpA - Product / Service
              • Exhibit 141: FINDER SpA - Key offerings
            • 11.9 FURUKAWA Co. Ltd.
              • Exhibit 142: FURUKAWA Co. Ltd. - Overview
              • Exhibit 143: FURUKAWA Co. Ltd. - Business segments
              • Exhibit 144: FURUKAWA Co. Ltd. - Key offerings
              • Exhibit 145: FURUKAWA Co. Ltd. - Segment focus
            • 11.10 Rockwell Automation Inc.
              • Exhibit 146: Rockwell Automation Inc. - Overview
              • Exhibit 147: Rockwell Automation Inc. - Business segments
              • Exhibit 148: Rockwell Automation Inc. - Key news
              • Exhibit 149: Rockwell Automation Inc. - Key offerings
              • Exhibit 150: Rockwell Automation Inc. - Segment focus
            • 11.11 Schneider Electric SE
              • Exhibit 151: Schneider Electric SE - Overview
              • Exhibit 152: Schneider Electric SE - Business segments
              • Exhibit 153: Schneider Electric SE - Key news
              • Exhibit 154: Schneider Electric SE - Key offerings
              • Exhibit 155: Schneider Electric SE - Segment focus
            • 11.12 Siemens AG
              • Exhibit 156: Siemens AG - Overview
              • Exhibit 157: Siemens AG - Business segments
              • Exhibit 158: Siemens AG - Key news
              • Exhibit 159: Siemens AG - Key offerings
              • Exhibit 160: Siemens AG - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 12.5 List of abbreviations
                • Exhibit 167: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Key Questions Answered

                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

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