Press release
Worldwide Relays Market -Top Five Vendors (Crydom Corp., Siemens AG, Omron Corp., Alstom SA, Coto Technology)
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 driver for all relay manufacturers around the world.
Additionally, players in the global relay market are also seeking greater opportunities in the field of wireless communication, where the high demand for multiband wireless tech has allowed for a wide-scale usage of mobile stations, relays, and cells. The demand for relays is also high in the solar power industry, where high capacity power relays are used to safely cut of DC voltages as required.
Get More Information :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7190
The market for relays is, however, currently restrained by the impact of their life spans on overall cost savings involves, and the large percentage of regional players in the mix leading to a more unorganized market.
The resultant of all the above factors of influence, and more, can be seen on the global relays market, which is progressing at a CAGR of 7.7% from 2015 to 2021. This market is expected to be valued at US$16.24 bn by the end of 2021.
Asia Pacific Industrial Growth Radically Benefits Relay Manufacturers
The global demand for relays as a whole is being driven by the implementation of smart grids and multiband wireless tech. This applies on a much higher scale to Asia Pacific, which is expected to hold 44% of the market value for relays by 2021. It will consistently be the region to consume the largest quantity of relays, especially given the dynamic industrial scenario of India, Japan, and China. The contribution of these countries to the demand for relays from APAC is primarily the result of the rapid rate of industrialization and the introduction of modern power distribution and networking practices.
Several transmission and distribution systems in Asia Pacific are currently under overhaul, which is creating an additional demand for relays and other power grid components. The region is also showing a growing amount of interest in solar, wind, and tidal energy, increasing the need of larger power grids and therefore, relays and other components.
Rapidly Growing Demand for Relays Expected in Automotive, Semiconductors, and Other Industrial Infrastructure
By 2021, US$5.87 bn is expected to be generated by relay manufacturers from industries of semiconductors, infrastructure, and automobiles. They are collectively expected to be the largest application segment for the relays market till 2021. A major part of this demand originates from the automotive industry, which is currently experiencing a positive upswing in car sales across the world. At the same time, industrial infrastructure in developing economies is also under a high level of expansion and upgrade, allowing relay sales to rise.
The key companies in the global relays market include Crydom Corp., Siemens AG, Omron Corp., Alstom SA, Coto Technology, Fujitsu Ltd., StandexMeder Electronics GmbH, Teledyne Relays Inc., Schneider Electric SE, and Comus International.
About Us
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.
Contact
Transparency Market Research
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 Worldwide Relays Market -Top Five Vendors (Crydom Corp., Siemens AG, Omron Corp., Alstom SA, Coto Technology) here
News-ID: 399496 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Relay
Global Telecommunication Relay Service Market Size by Application, Type, and Geo …
USA, New Jersey- According to Market Research Intellect, the global Telecommunication Relay Service market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The telecommunication relay service (TRS) market is growing steadily due to the increasing focus on accessibility and inclusive communication technologies. TRS enables individuals with…
Global Medium Voltage Protection Relay Market Size by Application, Type, and Geo …
USA, New Jersey- According to Market Research Intellect, the global Medium Voltage Protection Relay market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The growing need for dependable and effective electrical power distribution systems is driving the market for medium voltage protection relays. These relays are…
Europe Automotive Relay Market Consumer Trends
𝐄𝐮𝐫𝐨𝐩𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐞𝐥𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲'𝐬 𝐅𝐮𝐭𝐮𝐫𝐞
As the automotive industry across Europe undergoes significant changes, the market for automotive relays has experienced remarkable growth. A key component in vehicle electrical systems, relays support functionalities from lighting to powertrains, safety features, and advanced driver assistance systems (ADAS). With growing emphasis on electric vehicles (EVs), sustainability, and safety, consumer preferences and regulatory influences are pushing the market to evolve.…
Global Relay Market Research Report 2023
The global Relay market was valued at US$ 6763.1 million in 2022 and is anticipated to reach US$ 8688.4 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.
VIEW FULL REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-25P9083/global-relay
Relay Market
A relay is an electrically operated switch. It consists of a set of input terminals for a single or multiple control signals, and a set of operating contact terminals. The switch may have any number of…
Magnetic Control Relay Market To Witness Astonishing Growth With Magnetic Contro …
QY Research has recently published a new report, titled Magnetic Control Relay Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Magnetic Control Relay market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their…
Global Reed Relay Market Insights, Forecast
This report presents the worldwide Reed Relay market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=60463
Table of Contents:
Table of Contents
1 Study Coverage
…
