DUBLIN--(BUSINESS WIRE)--The "Electromechanical Relay Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Electromechanical Relay (EMR) market is projected to witness a CAGR of 4.10% during the forecast period to reach a total market size of US$8.537 billion by 2023, increasing from US$6.708 billion in 2017.
Electromechanical relays are switches that control high power electrical devices by using a small amount of power. Rising global energy prices is driving the demand for advanced electromechanical relays to reduce power consumption. Rising number of renewable energy projects is also fuelling the demand for high capacity electromechanical relays, thus positively impacting the growth of global EMR market. However, advancements in semiconductor fabrication and manufacturing technology has led to the emergence of solid-state relays (SSRs) which hamstrings the growth of EMR market during the projected period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
- Schneider Electric
- Omron Corporation
- General Electric
- TE Connectivity
- Honeywell International Inc.
- Teledyne Relays
- Rockwell Automation, Inc.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Electromechanical Relay Market By Type
6. Electromechanical Relay Market By Application
7. Electromechanical Relay Market By End User Industry
8. Electromechanical Relay Market By Geography
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/b88mrn/electromechanical?w=4