Industrial Electronic Components are discrete elements used to build electronic circuits for various industrial applications. These consists of two or more terminals which are soldered within the circuit board for its functioning. They are used to control machines and various automation process. Industrial electronic components can be classified as active and passive components. Active components includes amplifying components that are used to control the flow of current such as transistors and diodes, whereas passive components such as capacitor, resistor, inductor etc. , does not have the capability to increase signal power. These components are used in automation of various industrial applications, instrumentation, telecommunication, signal processing, power conditioning and power semiconductor devices.