Press release
Global Relays Market to Reach US$16.2 bn by 2021 owing to Growing Need for Solar Energy Projects
Relays are primarily used to control circuits by a low-power signal. Relays control many circuits by using a single signal. Relays are used across various applications such as military, automobiles, and industrial automation. They are mainly utilized to prevent faults and overload in circuits. When the current surpasses the threshold value, the armature gets activated by the coil, which operates to close the open contacts or open the closed contacts. Relays also allow one circuit to switch over another circuit by completely separating from the first circuit.
Get Free PDF Brochure for more Professional and Technical insights:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7190
The global relays market is primarily driven by the rising need for eco-friendly energy sources such as solar energy and wind energy. High-capacity power relays are utilized to safely cut off high DC voltages that are used in solar applications. Maintenance of panels, emergency response, and bypassing are the major reasons for which high DC voltages are cut-off from solar applications. Smart grids, in the recent past, have boosted growth opportunities in the global relays market.
The global relays market is segmented on the basis of geography, product type, and application. Based on product, the global relays market is classified into solid state relays, latching relays, overload protection relays, automotive relays, electromechanical relays, and others. In 2014, the global relays market was dominated by the electromechanical relays segment, followed by the automotive relays segment and the solid state relay segment.
Military, electronics, industrial automation, and others are some of the applications of relays. In 2014, the industrial automation segment held the highest share of 23.2% in the global relays market. The electronics segment was the second largest market in the global relays market, followed by the military segment. Growth of the industrial sector and the increasing need for automation in the industrial sector are two of the factors expected to majorly contribute towards the growth of the global relays market in the years to come.
Research Report with ToC and Free Analysis: http://www.transparencymarketresearch.com/relays-market.html
Based on geography, the global relays market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2014, the global relays market was led by Asia Pacific. The Asia Pacific relays market is expected to maintain its dominant position in the next few years due to factors such as the increasing implementation of smart grids and the increasing demand for solar projects. In 2014, Europe accounted for 25.1% of the global relays market and is predicted to register healthy growth in the years to come.
Some of the leading companies operating in the global relays market are Comus International Inc. (U.S.), Crydom Inc. (U.S.), Alstom S.A. (France), Omron Corp. (Japan), Fujitsu Ltd. (Japan), Coto Technology Inc. (U.S.), StandexMeder Electronics GmbH (Germany), Siemens AG (Germany), Schneider Electric SE (France), Teledyne Relays Inc. (U.S).
Key Segments of Global Relays Market
Global Relays Market: By Product Type
Latching relay
Solid state relay
Automotive relay
Overload protection relay
Electromechanical relay
Others
Global Relays Market: By Application
Military
Industrial automation
Electronics
Others
Global Relays Market, by Geography:
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Italy
Spain
France
Germany
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
RoW
Latin America
Middle-East
Rest of RoW
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Relays Market to Reach US$16.2 bn by 2021 owing to Growing Need for Solar Energy Projects here
News-ID: 358381 • Views: …
More Releases from TMR – Research Reports
Power Line Communication Market to Present Highly Lucrative Opportunities for Ma …
Power Line Communication (PLC) is an emerging communication technology which enables data exchange over existing power cables. It uses power grids to communicate between two end-points. PLC technology allow users to control or retrieve data in a half-duplex manner. Furthermore, in this communication method, sender modulates the data, and injects in power cables which can be retrieved by de-modulation at the receiving end. PLC technology is widely used for home…
Wood Coatings Market - Roof coatings to Register High Demand | 2025
The global wood coatings market is choc-o-bloc with players and this has served to intensify the competition over the years. Product differentiation is a key tool leveraged by players to steal a march over their competitors. Key factors promoting growth in the market are the soaring construction activities across the globe and the increasing spending capacity of people which has stoked sales of furniture.
Another factor catalyzing growth in the global…
Welding Materials Market - Thriving Growth In Industrial Application Segments By …
The global welding materials market is growing on account of the thriving growth of application segments such as transportation, building and construction, marine, and automobiles. The growing urbanization in developing nations will drive the growth of this market. The increasing infrastructure development in Asia Pacific will also fuel the growth of the welding materials market. The technological advancements in the automobile industry will also aid the growth of this market.…
Intumescent Coatings Market Demand for Improved Fire Safety to Fuel Growth By 20 …
The global intumescent coatings market has remained moderately concentrated as nearly 45% of its overall share was held by three enterprises in 2015. These companies were Sherwin-Williams Co., PPG Industries Inc., and Nobel N.V., finds Transparency Market Research (TMR) in a new study. These companies, besides other prominent market players are continuously making efforts to expand their regional footprint by establishing new manufacturing units.
While expanding operations across emerging nations has…
More Releases for Relays
High Frequency Relays Market Business Scenario 2021- Omron, Panasonic, TE Connec …
The High Frequency Relays report provides overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to…
Automotive PCB Relays Market Forecast Report on Automotive PCB Relays Market 202 …
The report published on the global Automotive PCB Relays market is a comprehensive analysis of a variety of factors that are prevalent in the Automotive PCB Relays market. An industrial overview of the global market is provided along with the market growth hoped to be achieved with the products that are sold. Major companies who occupy a large market share and the different products sold by them in the global market are…
Global Protective Relays Market Research
Global Protective Relays Market is relied upon to enlist a CAGR of around 6% amid the gauge time frame. Continuous Substation Automation ventures are relied upon to actuate development in the Protective Relay advertise. The developing need of Electric Power in created just as creating countries will result in an up and coming development in the Protective transfer showcase
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=6385
Table of Contents:
1 Protective Relays Market Overview…
Relays Market - Advanced Relays Improve Performance of Smart Grids on Several Pa …
Relays are used to control circuit by low power signal. It controls several circuits by one single signal. These are the electrically operated switch that uses electromagnet to operate the switch mechanically. They are used in different application including automobiles, military and industrial automation among others. These relays are used to prevent the circuits from overload and faults. When the applied current exceeds the threshold value, the armature is activated…
Industrial Installations Solid State Relays Market Outlook 2017- Crydom, Crouzet …
A market study ” Global Industrial Installations Solid State Relays Market ” examines the performance of the Industrial Installations Solid State Relays market 2017. It encloses an in-depth Research of the Industrial Installations Solid State Relays market state and the competitive landscape globally. This report analyzes the potential of Industrial Installations Solid State Relays market in the present and the future prospects from various angles in detail.
The Global Industrial Installations…
Relays Market: Rapidly Growing Demand for Relays Expected in Automotive, Semicon …
The implementation of smart power grids is one of the top priorities for most countries. It is catching on as a concept in developing economies at a rapid rate, and is already being implemented in several parts of developed countries. The scope of relays in an automated power grid is massive at they can help control all communication and distribution between the consumer and the supplier. This forms the key…
