The factors such as increase in adoption of overload relays in various applications and introduction of smart electronic overload relays are driving the market. —
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By product, thermal overload relays segment is projected to grow at significant rate. For the main circuit these relays act as an economic electromechanical protection device. They provide the protection for motors during phase failures or overloads. When combined with contractors these thermal overload relays offers a compact starting solution. Overload sensing devices are a type of heat-operated relays, where a coil heats a bimetallic strip, releasing a spring to run auxiliary contacts.
Based on region, Asia Pacific is expected to dominate the market in industrial overload relays market throughout the forecast period. Countries such as China, Japan, and India are the key contributors of this market in the region. The increasing in adoption of overload relays in discrete industries and numerous process will drive the growth of the industrial overload relays market in APAC during the forecast period.
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Some of the key players in the market include General Electric, ABB, Eaton, Mitsubishi Electric, Schneider Electric, Siemens , WEG, Fuji Electric, Riken Electric, MTE, Littelfuse, GREEGOO Electric, Finder, Benshaw, GWIEC Electric, Meba Electric, Sprecher+Schuh and Rockwell Automation.
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• Magnetic overload relays
• Thermal overload relays
End Users Covered:
• Process industries
• Discrete industries
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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