Global Industrial Monitoring Relay Market 2018-2023 - Featuring ABB, Eaton, General Electric, Rockwell Automation, Schneider Electric, and more - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “Industrial Monitoring Relay Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global Industrial monitoring relay market is projected to witness a CAGR of 3.76% during the forecast period to reach a total market size of US$144.891 billion by 2023, increasing from US$116.079 billion in 2017.
Rising demand for monitoring and detection of abnormal power system condition is the major factor for the growth of the industrial monitoring relay market.
Growing industrialization and safety of equipment used in various industries is expected to drive the growth of the global industrial relay market during the forecast period.
However, high dependency on circuit breakers is hindering the growth of the market to some extent.
In terms of end-user industry, energy and power industry dominates the market with wide application of these relays in power plants for detection of phase and voltage faults.
By geography, Asia Pacific is expected to witness a significant market growth during the forecast period owing to rapid utilization of monitoring relays in automotive, oil and gas, power, and chemical industries in the region will drive the market growth.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Industrial Monitoring Relay Market by Type
6. Global Industrial Monitoring Relay Market by End-User Industry
7. Global Industrial Monitoring Relay Market by Geography
8. Competitive Intelligence
9. Company ProfilesABB Eaton General Electric Rockwell Automation Inc. Schneider Electric Siemens Ltd. Omron Corporation Pilz GmbH & Co. KG Finder S.p.A. con unico socio
For more information about this report visit https://www.researchandmarkets.com/research/pkr29t/global_industrial?w=4
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Related Topics:Industrial Automation
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/11/2018 11:32 AM/DISC: 09/11/2018 11:32 AM