Press release
Relays Market Growth Scenario 2022, Industry Revenue, Major Giants And Opportunities Forecast By 2031 - TE Connectivity, Fujitsu, Fuji Electric, ABB, Teledyne
Relays Market
The regions covered in the relays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest relays market share.
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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.
Key competitors in the relays market are Omron, Crydom Corp, Comus International, Eaton, TE Connectivity, Fujitsu, Fuji Electric, ABB, Teledyne, Hongfa, and Ningbo Forward.
The global relays market size is expected to grow from $6.29 billion in 2021 to $6.77 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The growth in the market 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 relay market is expected to reach $8.38 billion in 2026 at a CAGR of 5.5%.
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TBRC's report segments the global relays market:
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 Complexes and Data Centers)
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The Table Of Contents Includes:
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
.....
28. Key Mergers And Acquisitions In The Relays Market
29. Relays Market Future Outlook And Potential Analysis
30. Appendix
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