Continued Growth in Asia for Electronic Control Relays | Automation.com

Continued Growth in Asia for Electronic Control Relays

Continued Growth in Asia for Electronic Control Relays

August 6, 2014 - More than 53.8 million electronic control relays were sold in 2013, with 13.1 million classified as measuring & monitoring relays. According to the latest IHS study, a trend towards more efficient control of electrical systems in industrial applications continues to influence growth, particularly in developing regions.
 
Electronic control relays sold to building automation applications in 2013 accounted for the largest shipment share, with an estimated 19.2% of the world market. More efficient methods of heating, cooling, and general environmental control are more readily implemented in new construction, and has occurred more frequently in the developing regions in recent years.
 
Although the EMEA market accounted for 49% of the estimated 13.1 million unit total for measuring & monitoring relays in 2013, it is predicted to grow the slowest to 2018, at a CAGR of 3.1%. This growth rate is 1.5% less than is forecast for the Americas and 2% less than Asia. This is due mainly to the extended economic weakness seen in the Eurozone region and the lower construction activity there.
 
About IHS

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,000 people in 31 countries around the world.

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