The global relays market is expected to grow from $26.36 billion in 2020 to $28.53 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $34.86 billion in 2025 at a CAGR of 5%.
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The relays market consists of sales of relays which are electromagnetic switches used to turn on or turn off a circuit electronically or electromechanically. They operate by opening one electrical circuit and closing contacts in another circuit. Relays include PCB power relays, signal relays and plugin relays.
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The relays market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the relays market are Omron, Crydom Corp, Comus International, Eaton, TE Connectivity, Fujitsu, Fuji Electric, ABB, Teledyne, Hongfa, Ningbo Forward, Sharp, Delixi, Song Chuan, Hella, Rockwell Automation, Sanyou, Finder, Hu Gong, Ningbo Huike, Qunli Electric, Songle Relay, Tianyi Electrical, Coto Technology, StandexMeder Electronics GmbH.
The global relays market is segmented –
1) By Type: Latching Relay, Solid State Relay, Automotive Relay, Overload Protection Relay, Electromechanical Relay, Others
2) By Application: Military, Industrial Automation, Electronics, Others
3) By Voltage: Low, Medium, High
4) By End-User: Utilities, Industrial, Railways, Others (Airports, Hospitals, Commerical Complexs and Data Centers)
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The relays market report describes and explains the global relays market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The relays report evaluates the market across each region and for the major economies within each region.
The countries covered in the global relays market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global relays market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Relays Market Characteristics
- Relays Market Product Analysis
- Relays Market Supply Chain
- Key Mergers And Acquisitions In The Relays Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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