Press release
Relays Market Estimated Revenue Forecast Till 2025 | Eaton, TE Connectivity, Fujitsu, ABB, Omron, Crydom Corp
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.
Some of the key players involved in the relays market are Omron, Crydom Corp, Comus International, Eaton, TE Connectivity, Fujitsu, Fuji Electric, ABB, Teledyne, Hongfa, Ningbo Forward, Sharp, Delixi.
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.
Relays Market Segmentation:
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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A Few Points From The Table Of Contents
1. Executive Summary
2. Relays Market Characteristics
3. Relays Market Trends And Strategies
4. Impact Of COVID-19 On Relays
5. Relays Market Size And Growth
……
27. Relays Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Relays Market
29. Relays Market Future Outlook and Potential Analysis
30. Appendix
The report covers the trends and market dynamics of the relays market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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