The relay and industrial control industry is increasingly adopting SCADA (Supervisory control and data acquisition) systems to enhance process efficiency and productivity. SCADA systems are used to remotely control industrial processes such as power generation, fabrication and refining through coded signals over cloud channels. The applications of these SCADA systems is expected to rise mainly due to their scalability, ease of upgrading, emergence of global smart grid projects and increased use of cloud technologies. The market is also benefitting from high demand for energy and renewable resource projects. The SCADA systems market is estimated to grow at a CAGR of 7.2% from 2014 to 2020.

RELAY AND INDUSTRIAL CONTROL MANUFACTURING MARKET TO GROW TO $68 BILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.

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The Business Research Company expects the relay and industrial control manufacturing market to grow to $68 billion in 2020. Asia Pacific was the largest region in the relay and industrial control manufacturing market in 2016, accounting for $20.7 billion or 36.8% market share. .

The chart below shows the year-on-year growth of the global relay and industrial control manufacturing market during 2016 – 2020.

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Siemens AG was the second largest competitor in the relay and industrial control manufacturing market in 2016 with revenues of $8 billion for the financial year 2015 from the company’s PD division which includes relay and industrial control manufacturing. Siemens’ strategic framework closely aligns the central fields of company management. The company focuses on streamlined governance and integrated management.

According to The Business Research Company’s Electronics Consultant, Sindhu Kanuri, IoT technology is increasingly being integrated with industrial automation and control technologies to enhance manufacturing efficiency and productivity. IoT enabling technologies low cost processors, analytic software and cloud computing. IoT technologies aid relay and industrial control companies to design low cost and high value industrial automation systems. Major companies offering I0T enabled industrial controls include Honeywell International, Siemens and ABB.

The relay and industrial control manufacturing industry comprise establishments manufacturing relays, motor starters and controllers and other industrial controls and control accessories. Major products in this industry 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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Relays comprises electro magnets and contact units. Relay receives electrical signals from a switch and passes the output to parts such as devices. Relays include PCB power relays, signal relays and plugin relays.

Industrial controls integrate several control systems and instrumentation used in industrial production that include SCADA(Supervisory control and data acquisition) systems, distribution control systems, PLC’s(programmable logic controllers) often found in industries and critical infrastructures.

Relay And Industrial Control Manufacturing Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

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