Global Industrial Relays & Solenoids Market Growth 2024-2030

Global Industrial Relays & Solenoids Market Growth 2024-2030

Industrial relays and solenoids are devices used in industrial automation systems to control and switch electrical currents. 

The global Industrial Relays & Solenoids market size is projected to grow from US$ 8771 million in 2023 to US$ 11340 million in 2030; it is expected to grow at a CAGR of 3.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Industrial Relays & Solenoids Industry Forecast” looks at past sales and reviews total world Industrial Relays & Solenoids sales in 2023, providing a comprehensive analysis by region and market sector of projected Industrial Relays & Solenoids sales for 2024 through 2030. With Industrial Relays & Solenoids sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Relays & Solenoids industry.

This Insight Report provides a comprehensive analysis of the global Industrial Relays & Solenoids landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Relays & Solenoids portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial Relays & Solenoids market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Relays & Solenoids and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Relays & Solenoids.

Increase in demand for automation across the manufacturing and automotive industries has increased the demand, which drives the market growth

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Relays & Solenoids market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Flasher Relays
Solenoids
Time Delay & Timing Relays
Safety Relays
Other

Segmentation by application
Electronics
Automotive
Home Appliances
Communications
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Omron
TE Connectivity
Panasonic
Littlefuse
Phoenix Contact
TDK
Schneider Electric
ADLINK Technology
Altech
AMPROBE (Danaher)
Crouzet
Electroswitch
Johnson Electric
KEMET
Sensata
white-rodgers
Xiamen Hongfa Electroacoustic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Relays & Solenoids market?

What factors are driving Industrial Relays & Solenoids market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Relays & Solenoids market opportunities vary by end market size?

How does Industrial Relays & Solenoids break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.