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The global relay and industrial control manufacturing market, a part of the electrical and electronics manufacturing industry, grew at a compound annual growth rate (CAGR) of around 8% during the historic period. The electrical and electronics manufacturing industry showed a steady growth. The growth is mainly due to high demand for motor starters and controllers from automobile, FMCG and machinery manufacturing industries.
In the forecast period, the global relay and industrial control manufacturing market size is expected to be over $70 billion by 2021, growing at a CAGR of nearly 5%.
This is expected due to the expected increase In Programmable Automation Controllers Use. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global Relay And Industrial Control Manufacturing market in the future.
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The relay and industrial control industry is increasingly adopting SCADA (Supervisory control and data acquisition) systems to enhance process efficiency and productivity. SCADA systems are used to remotely control industrial processes such as power generation, fabrication and refining through coded signals over cloud channels.
Major companies in the relay and industrial control manufacturing market, offering SCADA technology include ABB, Rockwell Automation And Schneider Electric S.A
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