Product Code: ETC019964 | Publication Date: Jun 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India relays and industrial controls market was valued at USD 5.5 billion in 2025 and is projected to reach a value of USD 8.4 billion by 2031, registering a CAGR of 6.7% during the forecast period (2025-2031). The increasing demand for automation technology and growing industrialization across various sectors are some of the major factors driving the growth of the Indian relays and industrial control market.
1) Surge in Automation Technology & Industrialization: The surge in automation technology has been one of the primary drivers for the growth of relay and industrial control systems in India over recent years as this facilitates high precision operations with increased productivity. This has led to an increase in investments towards automated solutions that could provide reliable operation while reducing operational costs which also acts as a driver for this market?s growth.
2) Increasing Demand from Renewable Energy Sources ? Growing efforts to switch over from traditional methods to renewable energy sources like solar power, wind energy etc., have augmented investments into suitable technologies such as relays &industrial controls, thereby propelling their demand within India?s overall electrical infrastructure industry which provides immense potential for future expansion opportunities.
1) High Initial Investments ? High initial investments required for setting up relay/control systems can limit its adoption within numerous industries due to budgetary restrictions amidst challenging economic conditions caused by COVID-19 pandemic across India leading them being more cautious with their outlaying activities .
1 ) Development Of Smart Relay Solutions - In tune with modern technological advancements there is an emerging trend towards developing smart relay solutions incorporating features such as IoT connectivity enabling remote monitoring along real-time data collection which can further be used efficiently to optimize system operations thereby gaining higher competitive advantage among other providers offering similar services .
Honeywell International Inc., Siemens AG, Rockwell Automation Inc., ABB Ltd., Omron Corporation, Mitsubishi Electric Corporation , Schneider Electric SE , Panasonic Corporation amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Relays and Industrial Controls Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Relays and Industrial Controls Market Revenues & Volume, 2021 & 2031F |
3.3 India Relays and Industrial Controls Market - Industry Life Cycle |
3.4 India Relays and Industrial Controls Market - Porter's Five Forces |
3.5 India Relays and Industrial Controls Market Revenues & Volume Share, By Control System, 2021 & 2031F |
3.6 India Relays and Industrial Controls Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Relays and Industrial Controls Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Relays and Industrial Controls Market Trends |
6 India Relays and Industrial Controls Market, By Types |
6.1 India Relays and Industrial Controls Market, By Control System |
6.1.1 Overview and Analysis |
6.1.2 India Relays and Industrial Controls Market Revenues & Volume, By Control System, 2021-2031F |
6.1.3 India Relays and Industrial Controls Market Revenues & Volume, By Distributed Control System (DCS), 2021-2031F |
6.1.4 India Relays and Industrial Controls Market Revenues & Volume, By Supervisory Control & Data Acquisition System (SCADA), 2021-2031F |
6.1.5 India Relays and Industrial Controls Market Revenues & Volume, By Manufacturing Execution System (MES), 2021-2031F |
6.2 India Relays and Industrial Controls Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Relays and Industrial Controls Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Relays and Industrial Controls Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.4 India Relays and Industrial Controls Market Revenues & Volume, By Communications, 2021-2031F |
6.2.5 India Relays and Industrial Controls Market Revenues & Volume, By Household Appliance, 2021-2031F |
6.2.6 India Relays and Industrial Controls Market Revenues & Volume, By Others, 2021-2031F |
7 India Relays and Industrial Controls Market Import-Export Trade Statistics |
7.1 India Relays and Industrial Controls Market Export to Major Countries |
7.2 India Relays and Industrial Controls Market Imports from Major Countries |
8 India Relays and Industrial Controls Market Key Performance Indicators |
9 India Relays and Industrial Controls Market - Opportunity Assessment |
9.1 India Relays and Industrial Controls Market Opportunity Assessment, By Control System, 2021 & 2031F |
9.2 India Relays and Industrial Controls Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Relays and Industrial Controls Market - Competitive Landscape |
10.1 India Relays and Industrial Controls Market Revenue Share, By Companies, 2024 |
10.2 India Relays and Industrial Controls Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |