Global Electromechanical Relay Market Insights, Forecast to 2028

Electromechanical relay is a switch used to control high power devices; it controls the electric circuit by opening or closing the contacts of that circuit.
Market Analysis and Insights: Global Electromechanical Relay Market
Due to the COVID-19 pandemic, the global Electromechanical Relay market size is estimated to be worth US$ 6414.1 million in 2022 and is forecast to a readjusted size of US$ 7865.7 million by 2028 with a CAGR of 3.5% during the review period. Fully considering the economic change by this health crisis, AC accounting for % of the Electromechanical Relay global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Aerospace and Defense segment is altered to an % CAGR throughout this forecast period.
It consists of three terminals namely common (COM), normally closed (NC), and normally opened (NO) contacts. These relays can work on both AC and DC supply sources. Low cost, long operation life, less power consumption, reliable, and easy maintenance drive the market.
In terms of production side, this report researches the Electromechanical Relay capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Electromechanical Relay by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Electromechanical Relay Scope and Segment
Electromechanical Relay market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Electromechanical Relay market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
AC
DC
Segment by Application
Aerospace and Defense
Automotive
Consumer Electronics
Industrial Automation
Medical
Railway
Solar Power
Others
By Company
Schneider Electric
FUJITSU
ABB
Struthers-Dunn
General Electric
TE Connectivity
Sensata Technologies
Honeywell International
Siemens
Teledyne Relays
Rockwell Automation
Omron Corporation
Panasonic
Deltrol Controls
ELESTA GmbH
Finder S.p.A
TEC AUTOMATISMES
IMO Precision Controls
RELPOL
Matsushita Electric Works
IDEC
Zettler
Song Chuan
Hongfa Electroacoustic
Methode Electronics
DARE Electronics
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E