The Electromechanical Relay Market is expected to grow from USD 7.631 billion in 2025 to USD 8.993 billion in 2030, at a CAGR of 3.34%.
Electromechanical relays are switches that control high-power electrical devices by using a small amount of power. It can be operated by both AC and DC; a magnetic force is generated when the power is supplied controlling the mechanism in the switch. Electromechanical relays provide good performance. It has a long operational life and consumes less power. On and off control, limit control, and logic operations are functions of the electrical relays. These electromechanical relays have several applications such as power supply switching in TVs, DTH boxes, and factory automation, temperature controller in HVAC devices, motor controllers, and others
Globally rising energy prices are driving the demand for advanced electromechanical relays to reduce power consumption. The rising number of renewable energy projects is also fuelling the demand for high-capacity electromechanical relays, thus positively impacting the growth of the global EMR market. Increasing demand for electromechanical relays due to their low cost, long operation life, less power consumption, and easy maintenance is augmenting the market growth. Wide usage of electromechanical relays in electronic appliances and increasing use in the automobile sector in the fuse box to prevent the circuits from overload and faults are also fueling the growth of the market. However, the availability of solid-state relays (SSRs) as a substitute due to advancements in semiconductor fabrication and manufacturing technology may hamper the growth of the market.
Wide usage of electromechanical relays in electronic appliances and increasing use in the automobile sector in the fuse box to prevent the circuits from overloading and faults is also fueling the growth of the market. However, the availability of solid-state relays (SSRs) as a substitute due to advancements in semiconductor fabrication and manufacturing technology may hamper the growth of the market.
The market for the electromechanical relay is significantly driven by the developments in the factory automation sector and the rising penetration of advanced technologies in various industries is anticipated to be a tailwind to the market.
The immense downturn in the industries which has been significant end-users of the technology impacted the decline in the market for electromechanical relays at a global level. The pandemic brought major projects in the renewable resources industry to a standstill owing to the lockdowns that were imposed in several countries to curb the spread of the disease. After the initial lockdown period, some of the activities were allowed but with restrictions and certain protocols that were required to be followed like the projects will be operated with a lesser capacity which will require less labor to come in contact, and social distancing was required to be maintained in the premises as well. A significant shift was noticed in several industries using electromechanical relays for various applications. The manufacturing of the relays came to a halt as it became difficult to obtain the components owing to the disrupted supply chain during the period. With the industries recovering after the pandemic gradually, the businesses are expected to operate at full capacity starting from the third and fourth quarters of 2021. This will further help in the recovery of the electromechanical relay market.
The segmentation of the global Electromechanical Relay market has been done into type, application, end-user, and geography. By type, the classification of the market has been done into General Purpose Relay, Power Relay, Contactor, Time-Delay Relay, And Others. By application, the classification of the market has been done into Factory Automation, Temperature Controllers, Motor Controls, And Others. By end-user, the classification of the market has been done into Aerospace And Defense, Communication And Technology, HVAC, Automotive, Consumer Electronics, And Others. Furthermore, based on geography, the global market has been distributed in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The growth of the Electromechanical relay market is fuelled by the increasing developments being done in the sector in several sectors in terms of automation.
The players in the global Electromechanical relay market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the market.
Electromechanical Relay Market Segmentation: