Electromechanical Relay Market - Global Industry Analysis 2023
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Electromechanical relay market can be segmented based on type.Reed relays, heavy duty and high voltage relays and aerospace relays are some of the typesof electromechanical relays. Reed relays comprises of a single reed switch bounded with a solenoid. Reed relay’s contact are positioned inside a ceramic or glass tube for protection from corrosion. Heavy duty relays are mainly utilized for industrial applications such as machine control. Aerospace relays are manufactured in compliance with the standards such as M83536, MIL-PRF-39016, and M83726 for defense and aerospace applications.
Companies in Eastern Europe, Russia, India and China are projected to benefit from government subsidies and special restrictive considerations to serve electromechanical relay market. Furthermore, companies in Eastern Europe and Russia have teamed with local producers to open electromechanical relay production facilities.India too has grown industry suppliers led by firms such as Ashida Electronics Pvt. Ltd.and Control and Switchgear electric Limited.North American utilities are expected to dominate the power supply industry in terms of revenues, utility customers,transmission lines and production capacity. Economic growth in countries such as Germany and South Korea are some of the major factors driving the demand for electromechanical relay market.
Preference of users to work with the existing electromechanical technology, harsh environments, reliability, easy to repair, simplicity in understanding, and testing and maintenance are some factors that are projected to drive electromechanical relay market. Users in electromechanical relay market choose to work with the existing technology rather than going to the expense and trouble of redesigning facilities and drawings to incorporate new digital technology. In addition, under extreme heat conditions, electromechanical relays are more reliable than other versions of nickel alloy relays. Electromechanical relays are inherently self powered that requires the presence of a secure power supply.Although digital technology represents the prime focus for many applications of electromechanical relay, it is evident that the demand for electromechanical relay technology is expected to remain strong in coming years.
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Some of the major players in electromechanical relay market are DARE Electronics, Inc.,Leone Systems, TE Connectivity Ltd., Ashida Electronics Pvt. Ltd.,Control &Switchgear Electric Limited, Eaton Corporation, Hitachi, Ltd., Areva T&D India Ltd., Siemens AG, General Electric, Alstom SA and ABB Ltd. among others.
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