Scope of the Study
Overload relay also called overload release is an electrical device which provides overload protection. When the load exceeds the preset value the circuit opens. It responds to excessive currents and value of power, temperature or others. In addition, it tracks electrical problems such as jams, and ground faults in real time. The overload relay have different types such as Magnetic, thermal, electronic, and dashpot overload relays. It is applicable in Generators, Motors, transformers and other electrical devices.
The market study is being classified by Type (Magnetic overload Relay, Thermal overload relay, Electronic Overload Relays, Dashpot Overload Relays and Bimetal Strip Overload Relay), by Application (Generators, Motors, Transformers, Capacitor and Other) and major geographies with country level break-up.
ABB (Switzerland), Rockwell Automation (United States), Eaton (Ireland), Siemens (Germany), Schneider Electric (France), Delixi Group (China), Sprecher+Schuh (United States), Littelfuse (United States), WEG (Brazil) and MTE (Switzerland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Greegoo (China).
The market of Overload relays is highly competitive due to various factors such as increasing adoption of overload relays. The key players are focusing on cost reduction, and enhanced customer experience. Also, the players are adopting unique competitive strategy to gain competitive advantage. Research Analyst at AMA predicts that Europe Manufacturers will contribute to the maximum growth of Global Overload Relays market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Overload Relays market by Type, Application and Region.
On the basis of geography, the market of Overload Relays has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Advantages of Smart Electric Overload Such as Ease of Configuration, and Remote Monitoring
- Increasing Adoption of Smart Electronic Overload Relays in Process Industries
- Growing Industrialisation in Developing Economies
- Stiff Competition among the Major Players
Market Leaders and their expansionary development strategies
January 2018, Littlefuse has completed the acquisition of IXYS Corporation. This acquisition will strengthen the semiconductor portfolio, technology expertise and strong talent pool.
Key Target AudienceManufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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