Market Dynamics : Industrial Overload Relays Market Globally Grow at a CAGR of 4.15% by Revenue During the Forecast Period 2018 - 2022
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About Industrial Overload Relays
Based on product, the global industrial overload relays market is divided into two segments: Thermal overloads relays, and Magnet overload relays. Thermal overload relays act as an economic electromechanical protection device for the main circuit. They offer the required protection for motors during overloads or phase failures. Thermal overload relays offer a compact starting solution when combined with contractors. Overload sensing devices are a type of heat-operated relays, where a coil heats a bimetallic strip, releasing a spring to run auxiliary contacts. These auxiliary contacts are located in series with the coil.
Technavios analysts forecast the global industrial overload relays market to grow at a CAGR of 4.15% during the period 2018-2022.
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Covered in this report
The report covers the present scenario and the growth prospects of the global industrial overload relays market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Industrial Overload Relays Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ABB
Eaton
Rockwell Automation
Schneider Electric
Siemens
WEG
Other prominent vendors
General Electric
Sprecher+Schuh
Littelfuse
GREEGOO Electric
Finder
MTE
Riken Electric
Benshaw
Meba Electric
GWIEC Electric
Lovato Electric
Kawamura Electric
Mitsubishi Electric
Fuji Electric
Texas Instruments
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Market driver
Preference of overload relays over fuse for motor protection
For a full, detailed list, view our report
Market trend
Semiconductor switches as replacements for relays and fuses
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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