Global Industrial Relays Market 2021-2025 The analyst has been monitoring the industrial relays market and it is poised to grow by $ 1. 14 bn during 2021-2025, progressing at a CAGR of 6.
New York, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Industrial Relays Market 2021-2025" - https://www.reportlinker.com/p05261946/?utm_source=GNW
87% during the forecast period. Our report on the industrial relays market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of PLCs in industries and increasing number of solar projects globally. In addition, the increasing adoption of PLCs in industries is anticipated to boost the growth of the market as well.
The industrial relays market analysis includes product and end-user segments and geographic landscape.
The industrial relays market is segmented as below:
• Electromechanical relays
• Solid-state relays
• Hybrid relays
• Reed relays
• General-purpose relays
• Process industries
• Discrete industries
By Geographical Landscape
• North America
• South America
This study identifies the increasing importance of smart grid systemsas one of the prime reasons driving the industrial relays market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on industrial relays market covers the following areas:
• Industrial relays market sizing
• Industrial relays market forecast
• Industrial relays market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial relays market vendors that include ABB Ltd., Broadcom Inc., Coto Technology Inc., FURUKAWA Co. Ltd., General Electric Co., OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and TE Connectivity Ltd. Also, the industrial relays market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Read the full report: https://www.reportlinker.com/p05261946/?utm_source=GNW
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