The contemporary scenario of the lucrative aerospace & defense industry is creating a demand influx in a gamut of associated industries, and the electromechanical relay market is leveraging the same. India is one of the developing countries in the aviation and aerospace industry, and this is creating a profitable pricing environment for the players manufacturing EMR, and it is increasing the Indian electromechanical relay market size. EMR is an electrically operated switch, which is capable of converting a small amount of power into a large amount of power. Generally, it is primarily used to control high power electrical devices along with electrical machines. These relays are integrated with electronic parts, which aids to operate in aviation, aerospace, and wireless technology industry applications. They are used to satisfy the need for sensing and timing purposes coupled with the protection of current, frequency, voltage, phase, and fixed adjustable AC and DC versions in the aerospace and defense industries.
These indispensable applications have made electromechanical relays imperative in the aforementioned industries, thereby contributing to the increment in the electromechanical relay market size. EMR’s application in the electronics projects assists to alter the voltage & current and also to determine the armature activation. Relays are effective in detecting and isolating the faults during power transmission and distribution system in the application areas pertaining to electrical supply. Lighting control systems, industrial process controllers, traffic control, telecommunication, motor drives control, and protection systems of an electrical power system are some of the most lucrative application areas for ERM. Furthermore, computer interfaces, automotive, and home appliances also have opportunities for the ERM market players.
Relays are extensively used in current home appliances namely hair dryers, kitchen appliances, and lights as they need to be switched on and off. The demand for relays in order to control the over currents/voltages is in increasing the application sectors, because they support in minimizing the damage to the connected equipment in an electrical system, thereby protecting the system as well. In case of audio amplifiers and a sort of modems, these relays control the high voltage circuit by using low voltage signal. In India, EMRs are extensively used in industrial assembly lines, commercial equipment, and machine tool control. Moreover, relay manufacturing companies are producing them in large number to fulfill the consistent demand from various industry verticals. Manufacturers focus and efforts in building the modern version of EMRs determine their position in the EMR marketplace, influence their EMR market share, and contribute to the expansion of the EMR market size.
As a result, the India electromechanical relay market size stood at $1.67 billion in 2018 and is projected to grow with a CAGR of 5.2% over the forecast period 2019-2025, according to India electromechanical relay market report by IndustryARC.
Relentless demand from Thriving Automotive Industry:
Normally, EMR is highly adopted in cars to turn on and off the equipped electronic devices within the vehicle. In addition to this, modern car manufacturers are incorporating relay panels into fuse boxes, as it supports ease maintenance of the car. Manufacturers play a crucial role in selecting the most suitable relays, especially in the case of modern device manufacturing. In the automobile vehicles, relays use a low current signal to control a high current circuit particularly in the applications such as starter solenoid. This application makes EMR indispensable for the automotive, and the forecast period will observe the application to grow at the fastest CAGR of 6.7% through to 2025. In the automotive industry, cars deal with heavy electrical loads. Electronic devices such as fans, horns, wipers, ignition, air-conditioning, and headlamps which are equipped in the vehicle consume a large amount of current to process their operations. Thus, efficient relays installation is in demand to lower the power consumption in different automotive vehicles including lightweight commercial vehicles, cars, and trucks. Indian automotive industry scenario is also in favor of the India electromechanical relay market. India experienced a 2.6% growth in the car units’ production during 2017-2018 and produced nearly 4.06 million units in 2018. In case of light commercial vehicles production, India recorded a notable growth of 31.5% between 2017 and 2018. On the other hand, 43.4% growth has been evident in terms of heavy trucks production for the period of a year (2017-2018) in India. Hence, the growing number of motor vehicles in India are augmenting the need of electromechanical relays fixation, thereby contributing to an increment in the India EMR market size.
Wide Range Scope for the Expansion of Electromechanical Relay Market Size in India:
The Department of Science and Technology, Government of India is recognizing research and development laboratories that are engaged in the production of precise miniature electromechanical components to support the growth of the Indian electronics industry. It is important to note that India has recorded a 5% annual growth in “Relays for a voltage <= 60 V” import value from 2017 to 2018. It has also experienced a 24% annual growth in “Relays for a voltage > 60 V but <= 1.000 V” import value during 2017-2018. An EMR acts as an ideal solution even though it has margins in terms of switching speed, package size, and mechanical lifetime. Special attributes of EMR are unique when compared to the solid-state relay (SSR). This passive device is more resistance against spikes, transients, and EMI which can even destroy an SSR. Furthermore, this relay is a multi-pole device and also more flexible. Thus, the trade of the modern version of the EMR relay is growing which is reflecting in the catapulting EMR market size.
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Growth Drivers in India Electromechanical Relay Marketplace:
Major Players in Electrochemical Relay Market – Competitive Landscape:
Panasonic Corporation, Teledyne Relays, Honeywell International Inc., General Electric, Omron Corporation, Schneider Electric, Rockwell Automation, Inc., Siemens AG, TE Connectivity, and FUJITSU Ltd. are the electromechanical relay top 10 companies in India. These companies are concentrating to implement ample business strategies to mark their brand name by increasing their electromechanical relay market share for the same in India.
Electromechanical relay Market
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