U.S. Relay and Industrial Control Market - Key Findings and Trends

IndexBox has just published a new report, the U.S. Relay And Industrial Control Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the relay and industrial control market in the U.S. amounted to $X in 2018, going down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, relay and industrial control consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017, when the market value increased by X% year-to-year. Over the period under review, the relay and industrial control market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Exports from the U.S.

In 2018, exports of relay and industrial control from the U.S. amounted to X tons, lowering by -X% against the previous year. In general, relay and industrial control exports continue to indicate an abrupt descent.

In value terms, relay and industrial control exports amounted to $X (IndexBox estimates) in 2018. Over the period under review, relay and industrial control exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2015, when the exports increased by X% against the previous year. Over the period under review, relay and industrial control exports attained their maximum at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Brazil (X tons) and Saudi Arabia (X tons) were the main destinations of relay and industrial control exports from the U.S., together accounting for X% of total exports. Australia, Chile, Germany, Singapore, Vietnam, Belgium, Italy, South Korea and Taiwan, Chinese lagged somewhat behind, together comprising a further X%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for relay and industrial control exported from the U.S. were China ($X), Brazil ($X) and Australia ($X), together accounting for X% of total exports. These countries were followed by Belgium, Germany, Chile, Saudi Arabia, South Korea, Vietnam, Singapore, Taiwan, Chinese and Italy, which together accounted for a further X%.

Export Prices by Country

The average relay and industrial control export price stood at $X per kg in 2018, increasing by X% against the previous year. Over the period from 2013 to 2018, it increased at an average annual rate of +X%.

There were significant differences in the average export prices for the major foreign markets. In 2018, the country with the highest export price was Belgium ($X per kg), while the average price for exports to Italy ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Belgium, while the export prices for the other major destinations experienced more modest paces of growth.

Imports into the U.S.

Relay and industrial control imports into the U.S. totaled X tons in 2018, rising by X% against the previous year.

In value terms, relay and industrial control imports amounted to $X (IndexBox estimates) in 2018.

Imports by Country

In 2018, China (X tons) constituted the largest relay and industrial control supplier to the U.S., accounting for a X% share of total imports. Moreover, relay and industrial control imports from China exceeded the figures recorded by the second largest supplier, Japan (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2018, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (+X% per year).

In value terms, China ($X) constituted the largest supplier of relay and industrial control to the U.S., comprising X% of total relay and industrial control imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

Import Prices by Country

In 2018, the average relay and industrial control import price amounted to $X per kg, falling by -X% against the previous year. Over the period under review, the relay and industrial control import price continues to indicate a slight drop.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was the Dominican Republic ($X per kg), while the price for Austria ($X per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by the Dominican Republic, while the import prices for the other major suppliers experienced mixed trend patterns.

Companies Mentioned in the Report

Eaton Corporation, Rockwell Automation, Woodward, SMC Corporation of America, Lutron Electronics Co., Amx, Fisher-Rosemount Systems, Magnetek, GE Intelligent Platforms, Turck, Enovation Controls, Woodward Hrt, Conbraco Industries, Flextronics Automotive Usa, Sl-Montevideo Technology, Powell Electrical Systems, Rab Lighting, W Cse Industries, Electrocraft, Borgwarner Thermal Systems, Hella Electronics Corporation, Microsemi Frequency and Time Corporation,Crydom, Astrodyne Corporation, Dmi Technology Corp., Marquardt Switches, Wabash Technologies, Ultra Electronics Airport Systems, Hella Corporate Center USA, Phmh Holding Company, US Test Company X, Capsonic Automotive, Morris Material Handling, Daehan Solution Alabama, Shell Topco LP

Source: IndexBox Market Intelligence Platform