Industrial Relays Market by Product, End-user and Geography - Forecast and Analysis 2023-2027

Published: Sep 2023 Pages: 182 SKU: IRTNTR43765

Industrial Relays Market 2023-2027

The industrial relays market size is estimated to grow at a CAGR of 6.39% between 2022 and 2027. The market size is forecast to increase by USD 1,401.63 million. The growth of the market depends on several factors such as the increasing adoption of programmable logic controllers (PLCs) in industries, enhanced reliability and durability of industrial relays, and the increasing importance of smart grid systems. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

This report extensively covers market segmentation by product (electromechanical relays, solid-state relays, hybrid relays, reed relays, and general-purpose relays), end-user (process industries and discrete industries), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. 

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

Industrial Relays Market Forecast 2023-2027

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Industrial Relays Market Dynamic

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Driver- Enhanced reliability and durability of industrial relays

Manufacturers are developing industrial relays with longer lifespans to reduce the need for frequent replacement and maintenance. These long-life relays provide long service life and minimize disruption to industrial processes. Relays are designed with increased resistance to factors such as dust, moisture, chemicals, and electromagnetic interference (EMI) to ensure continued operation in demanding environments.

Therefore, the increased reliability and durability of industrial relays coincide with the increasing demand for uninterrupted, efficient, and safe industrial processes. The industry is focused on minimizing downtime and improving business continuity, which is likely to lead to an increase in demand for industrial relays. These factors will drive the growth of the market during the forecast period.

Trends- Emergence of digitalization and Industry 4.0

Industry 4.0 increases the need for intelligent relays that can communicate and exchange data with other components of the industrial automation ecosystem. Smart relays are essential for real-time monitoring and control of processes. Industrial relays are now integrated into Internet of Things (IoT) platforms, allowing for remote monitoring and control. This integration increases the efficiency and flexibility of industrial processes and facilitates the implementation of digitalized relay solutions.

Additionally, Industry 4.0 will significantly increase the automation of industrial processes. Industrial relays play a central role in this automation by controlling machines, sensors, actuators, and other components involved in the automation process. Digitalized industrial relays can contribute to energy-efficient operations by optimizing power distribution and reducing energy waste in automation processes. Therefore, the emergence of digitalization and Industry 4.0 will drive the growth of the market during the forecast period.

Challenge- Emergence of solid-state triac devices

Solid-state triac devices can be used to disrupt current flow in synchronization with the AC waveform. A triac is a three-terminal solid-state semiconductor device that allows alternating current to flow through two terminals as long as the third terminal (trigger) is powered. Semiconductor triac devices ensure that circuit interruptions only occur in unpowered situations, eliminating the risk of high-voltage switching transients.

Moreover, solid-state triac devices have the potential to replace industrial relays in safety functions in various industries in the future. This disruption is expected to reduce the use of industrial relays in the discrete industry in the future. The emergence of semiconductor triac devices will have a negative impact on the growth of the global industrial relay market during the forecast period.

Industrial Relays Market Segmentation by Product, End-user and Geography

Product Segment Analysis: 

The electromechanical relays segment will account for a major share of the market's growth during the forecast period. Electromechanical relays support a wide range of signal characteristics, from low voltage/current to high voltage/current, and frequencies from DC to GHz. This means that they can always find an electromechanical relay whose signal characteristics correspond to the specific system requirements. This is the reason why electromechanical relays have a high market share in the global industrial relays market.

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The electromechanical relays segment was valued at USD 1,234.05 million in 2017. Electromechanical relays have a shorter mechanical life than other types of relays. Although advances in technology have extended the mechanical life of relays, electromechanical relays do not have as much operational capability as comparable reed relays. Additionally, their robustness and ability to operate at signal levels in excess of their rated values ??make electromechanical relays a superior choice over other relays in high-performance applications. The prevalence of electromechanical relays in the industry is expected to drive the growth of the electromagnetic segment and the growth of the market during the forecast period.

End-user Segment Analysis 

Based on end-users, the market has been segmented into process industries and discrete industries. The process industries?segment will account for the largest share of this segment. In the food and beverage industry, the number of switching cycles in food and beverage equipment is of great importance, and a reliable switching solution that guarantees maintenance-free operation can only be guaranteed by relays, especially solid-state relays. In addition, the power industry requires relays that detect faults in electrical circuits and significantly reduce damage to personnel and equipment. Demand for electricity is rapidly increasing due to increasing urbanization and increased use of electronic devices. In addition, increasing industrialization in various regions is increasing the demand for electricity. Power plant restructuring and establishment of new power plants are expected to increase the adoption of industrial relays in the process industry segment, accelerating the growth of the market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 52% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The power industry in the APAC region is expected to be driven by increased demand for electricity due to increased urbanization in countries such as China and India. APAC's food and beverage industry is driven by the region's large population. APAC's electronics and semiconductor industry is mainly dominated by players from China, Taiwan, and Japan.

Moreover, China, India, and Japan are expected to be the top three countries in the industrial relay market in APAC. The growth rate of the APAC industrial relay market is expected to accelerate year-on-year. Continuous use of industrial relays in both process and discrete industries to protect circuits from overloads and short circuits is expected to accelerate YoY growth in the APAC industrial relays market during the forecast period.

COVID Recovery Analysis:

The COVID-19 outbreak in 2020 negatively affected the growth of the industrial relays market in the APAC region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities in the end-user industries. Therefore, increasing activities in end-user segments, such as the automotive, electronics, and semiconductor industries, will raise the growth of the industrial relays market in the region during the forecast period.

Who are the Major Industrial Relays Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • ABB Ltd.: The company offers industrial relays such as electronic timers, measuring and monitoring relays, interface relays and power supplies which increase the reliability of process equipment with control devices that provide intelligent signals and smart adjustments that help you achieve maximum system availability.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Broadcom Inc., Coto Technology, Eaton Corp. Plc, Electroswitch Power Switches and Relays, Fujitsu Ltd., General Electric Co., IMO Precision Controls Ltd., Littelfuse Inc., Nissin Electric Co. Ltd., OMRON Corp., Panasonic Holdings Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, TE Connectivity Ltd., Teledyne Technologies Inc., WEG Equipamentos Eletricos S.A., and Standex International Corp. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The industrial relays market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Electromechanical relays
    • Solid-state relays
    • Hybrid relays
    • Reed relays
    • General-purpose relays
  • End0user Outlook (USD Million, 2017 - 2027)
    • Process industries
    • Discrete industries
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Industrial Relays Market Scope

Report Coverage

Details

Page number

182

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.39%

Market growth 2023-2027

USD 1,401.63 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.55

Regional analysis

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

Performing market contribution

APAC at 52%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Broadcom Inc., Coto Technology, Eaton Corp. Plc, Electroswitch Power Switches and Relays, Fujitsu Ltd., General Electric Co., IMO Precision Controls Ltd., Littelfuse Inc., Nissin Electric Co. Ltd., OMRON Corp., Panasonic Holdings Corp., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, TE Connectivity Ltd., Teledyne Technologies Inc., WEG Equipamentos Eletricos S.A., and Standex International Corp.

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 Relays Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the industrial relays market between 2023 and 2027
  • Precise estimation of the industrial relays market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of industrial relays market companies

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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 Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • 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 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global industrial relays market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on global industrial relays market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 End-User Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Electromechanical relays - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Electromechanical relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Electromechanical relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Electromechanical relays - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Electromechanical relays - Year-over-year growth 2022-2027 (%)
    • 6.4 Solid-state relays - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Solid-state relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Solid-state relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Solid-state relays - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Solid-state relays - Year-over-year growth 2022-2027 (%)
    • 6.5 Hybrid relays - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Hybrid relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Hybrid relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Hybrid relays - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Hybrid relays - Year-over-year growth 2022-2027 (%)
    • 6.6 Reed relays - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Reed relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Reed relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Reed relays - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Reed relays - Year-over-year growth 2022-2027 (%)
    • 6.7 General-purpose relays - Market size and forecast 2022-2027
      • Exhibit 50: Chart on General-purpose relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on General-purpose relays - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on General-purpose relays - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on General-purpose relays - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)
      • Exhibit 55: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 56: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 57: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 58: Chart on Comparison by End-user
      • Exhibit 59: Data Table on Comparison by End-user
    • 7.3 Process industries - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Process industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Process industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Process industries - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Process industries - Year-over-year growth 2022-2027 (%)
    • 7.4 Discrete industries - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Discrete industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Discrete industries - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Discrete industries - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Discrete industries - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ million)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Canada - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 UK - Market size and forecast 2022-2027
      • Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key offerings
              • Exhibit 126: ABB Ltd. - Segment focus
            • 12.4 Broadcom Inc.
              • Exhibit 127: Broadcom Inc. - Overview
              • Exhibit 128: Broadcom Inc. - Business segments
              • Exhibit 129: Broadcom Inc. - Key news
              • Exhibit 130: Broadcom Inc. - Key offerings
              • Exhibit 131: Broadcom Inc. - Segment focus
            • 12.5 Coto Technology
              • Exhibit 132: Coto Technology - Overview
              • Exhibit 133: Coto Technology - Product / Service
              • Exhibit 134: Coto Technology - Key offerings
            • 12.6 Eaton Corp. Plc
              • Exhibit 135: Eaton Corp. Plc - Overview
              • Exhibit 136: Eaton Corp. Plc - Business segments
              • Exhibit 137: Eaton Corp. Plc - Key news
              • Exhibit 138: Eaton Corp. Plc - Key offerings
              • Exhibit 139: Eaton Corp. Plc - Segment focus
            • 12.7 Fujitsu Ltd.
              • Exhibit 140: Fujitsu Ltd. - Overview
              • Exhibit 141: Fujitsu Ltd. - Business segments
              • Exhibit 142: Fujitsu Ltd. - Key news
              • Exhibit 143: Fujitsu Ltd. - Key offerings
              • Exhibit 144: Fujitsu Ltd. - Segment focus
            • 12.8 General Electric Co.
              • Exhibit 145: General Electric Co. - Overview
              • Exhibit 146: General Electric Co. - Business segments
              • Exhibit 147: General Electric Co. - Key news
              • Exhibit 148: General Electric Co. - Key offerings
              • Exhibit 149: General Electric Co. - Segment focus
            • 12.9 IMO Precision Controls Ltd.
              • Exhibit 150: IMO Precision Controls Ltd. - Overview
              • Exhibit 151: IMO Precision Controls Ltd. - Product / Service
              • Exhibit 152: IMO Precision Controls Ltd. - Key offerings
            • 12.10 Littelfuse Inc.
              • Exhibit 153: Littelfuse Inc. - Overview
              • Exhibit 154: Littelfuse Inc. - Business segments
              • Exhibit 155: Littelfuse Inc. - Key offerings
              • Exhibit 156: Littelfuse Inc. - Segment focus
            • 12.11 Nissin Electric Co. Ltd.
              • Exhibit 157: Nissin Electric Co. Ltd. - Overview
              • Exhibit 158: Nissin Electric Co. Ltd. - Business segments
              • Exhibit 159: Nissin Electric Co. Ltd. - Key offerings
              • Exhibit 160: Nissin Electric Co. Ltd. - Segment focus
            • 12.12 OMRON Corp.
              • Exhibit 161: OMRON Corp. - Overview
              • Exhibit 162: OMRON Corp. - Business segments
              • Exhibit 163: OMRON Corp. - Key news
              • Exhibit 164: OMRON Corp. - Key offerings
              • Exhibit 165: OMRON Corp. - Segment focus
            • 12.13 Panasonic Holdings Corp.
              • Exhibit 166: Panasonic Holdings Corp. - Overview
              • Exhibit 167: Panasonic Holdings Corp. - Business segments
              • Exhibit 168: Panasonic Holdings Corp. - Key news
              • Exhibit 169: Panasonic Holdings Corp. - Key offerings
              • Exhibit 170: Panasonic Holdings Corp. - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 171: Rockwell Automation Inc. - Overview
              • Exhibit 172: Rockwell Automation Inc. - Business segments
              • Exhibit 173: Rockwell Automation Inc. - Key news
              • Exhibit 174: Rockwell Automation Inc. - Key offerings
              • Exhibit 175: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 176: Schneider Electric SE - Overview
              • Exhibit 177: Schneider Electric SE - Business segments
              • Exhibit 178: Schneider Electric SE - Key news
              • Exhibit 179: Schneider Electric SE - Key offerings
              • Exhibit 180: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 181: Siemens AG - Overview
              • Exhibit 182: Siemens AG - Business segments
              • Exhibit 183: Siemens AG - Key news
              • Exhibit 184: Siemens AG - Key offerings
              • Exhibit 185: Siemens AG - Segment focus
            • 12.17 TE Connectivity Ltd.
              • Exhibit 186: TE Connectivity Ltd. - Overview
              • Exhibit 187: TE Connectivity Ltd. - Business segments
              • Exhibit 188: TE Connectivity Ltd. - Key offerings
              • Exhibit 189: TE Connectivity Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 190: Inclusions checklist
                • Exhibit 191: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 192: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 193: Research methodology
                • Exhibit 194: Validation techniques employed for market sizing
                • Exhibit 195: Information sources
              • 13.5 List of abbreviations
                • Exhibit 196: List of abbreviations

              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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