Press release
Relay Market Insights Shared in Detailed Report 2021- Omron, TE Connectivity, Panasonic, Fujitsu, Teledyne, ABB, Schneider Electric
The Relay market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a research study on the global Relay market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies.Request for PDF Brochure:
https://www.industrydataanalytics.com/reports/global-relay-market/inquiry?Mode=s21
“The global relays market reached a value of nearly $29,265.8 million in 2019, having increased at a compound annual growth rate (CAGR) of 6.0% since 2015. The market is expected to decrease from $29,265.8 million in 2019 to $27,416.7 million in 2020 at a rate of -6.3%.”
Top leading Manufacturers Profiled in Relay Market Report are: Omron, TE Connectivity, Panasonic, Fujitsu, Teledyne, ABB, Schneider Electric, Eaton, Honeywell, Fuji Electric, Sharp, Rockwell Automation, Finder, Hella, Hongfa, Song Chuan, Sanyou, Ningbo Forward, CHINT Electrics, Delixi, Hu Gong, Songle Relay, Tianyi Electrical, Qunli Electric, Ningbo Huike
Industry Recent Developments and Updates
March 2020 - ABB upgraded REX640 protection relay that enhances communication security and flexibility in advanced power generation and distribution applications. REX640 supports a variety of communication protocols, such as IEC 60870-5-104 for power system automation. IEC 60870-5-104 allows easy and direct connection to an upper-level system, such as SCADA (Supervisory Control and Data Acquisition), without any gateway.
April 25, 2021 Isro to launch data relay satellites to maintain contact with Gaganyaan- The Indian Space Research Organisation will launch a data relay satellite that will help maintain contact with the Gaganyaan mission throughout after the launch, sources said.
Oct 23, 2020 Relay Launches Newest Enterprise 'Walkie-Talkie Killer' Relay+- RALEIGH, N.C., Oct. 23, 2020 /PRNewswire/ -- Relay, the cellular walkie-talkie replacement from Republic Wireless, announced today the launch of Relay+, its next-generation enterprise model developed to give today's frontline, deskless workforce a simple and powerful communication solution.
November 29, 2020 Japan launches JDRS-1 optical data relay satellite for military, civilian use- HELSINKI — Japan has a new data relay satellite headed for geostationary orbit following successful launch of JDRS-1 on a Mitsubishi Heavy Industries’ H-IIA rocket Sunday.
Market Overview
The Asia-Pacific region is being dominated by two highly populated country i.e. India and China. Rising population in countries like China, Japan, and India has stimulated the demand for residential infrastructure and electricity consumption, therefore accelerating the demand for electricity in the nations mentioned above is the crucial attribute backing the demand for the protective relay market.
The automotive industry is transitioning from hardware- to software-enabled vehicles, and the average software and electronics content per vehicle is increasing rapidly. The integration of new functions and features into the car are often enabled by electronics. Thus, there is an increasing penetration of electronics into major application fields, including powertrain, safety management, body, and convenience or infotainment.
Going forward, rise in power consumption; implementation of smart power grids; increasing adoption of electric vehicles; and growing adoption of the vehicular safety technology will drive the market for relays. Factors that could hinder the growth of the relays market in the future include volatility in raw material prices, high operating temperatures and COVID-19 outbreak.
The protective relay market was valued at USD 3.73 billion in 2019 and is expected to reach a value of USD 4.98 billion by 2025, at an estimated CAGR of 5.98% over the forecast period 2020- 2025
The automotive relay market is expected to register a CAGR of over 5.2%, during the forecast period, 2020 - 2025.
Global Relay Market Split by Product Type and Applications:
Market Research Study Focus on these Types:
Electromagnetic
SSR & Power Module
Combined Relay
Others
Market Research Study Focus on these Applications:
Automotive
Industrial
Communications
Household Appliance
Others
Regional Analysis for Relay Market:
For a comprehensive understanding of market dynamics, the global Relay market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Avail Discount at-
https://www.industrydataanalytics.com/reports/global-relay-market/discount?Mode=s21
What is the Impact of Covid-19 Outbreak on the Relay ?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Relay.
- Relay Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Frequently Asked Questions about the Relay market:
- What are the recent developments and government policies?
- What are the top trends in the Relay market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Relay market?
- Which region would offer high growth for vendors in the market?
Purchase this Report at-
https://www.industrydataanalytics.com/report/purchase/global-relay-market?Mode=s21
The research includes historic data from 2016 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
We Offer Customization On Report Based On Specific Client Requirement:
– Free country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point.
Head of Sales: Mr. Hon Irfan Tamboli
+1 (704) 266-3234 | contact@industrydataanalytics.com
About Us:
IndustryDataAnalytics is your single point market research source for all industries including pharmaceutical, chemicals and materials, energy resources, automobile, IT, technology and media, food and beverages, and consumer goods, among others.
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Table of Contents:
Table of Contents
1 Study Coverage
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