A relay is an electrically operated switch. Many relays use an electromagnet to mechanically operate a switch, but other operating principles are also used, such as solid-state relays. Relays are used where it is necessary to control a circuit by a low-power signal (with complete electrical isolation between control and controlled circuits), or where several circuits must be controlled by one signal. The first relays were used in long distance telegraph circuits as amplifiers: they repeated the signal coming in from one circuit and re-transmitted it on another circuit. Relays were used extensively in telephone exchanges and early computers to perform logical operations.
In the coming years there is an increasing demand for Relay in the regions of North America and Europe that is expected to drive the market for more advanced Relay. Increasing of automotive, household appliance fields expenditures, More-intense competition, Launches in introducing new products, Retrofitting and renovation of old technology, Increasing adoption of Relay will drive growth in United States and Europe markets.
Globally, the Relay industry market is low concentrated as the manufacturing technology of Relay is relatively matures than some high-tech equipment. And some enterprises, like Omron, TE Connectivity, Panasonic, Hongfa, etc. are well-known for the wonderful performance of their Relay and related services. At the same time, China, occupied 52.68% revenue market share in 2016, is remarkable in the global Relay industry because of the lowest cost of raw material and labor.
The consumption volume of Relay is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Relay industry may not keep that fast. But it is surely forecasted that the market of Relay is still promising.
According to this study, over the next five years the Relay market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 7450 million by 2024, from US$ 5880 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Relay business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Relay market by product type, application, key manufacturers and key regions and countries.
This study considers the Relay value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Electromagnetic
SSR & Power Module
Combined Relay
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Industrial
Communications
Household Appliance
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Relay consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Relay market by identifying its various subsegments.
Focuses on the key global Relay manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Relay with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Relay submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Relay . Industry analysis & Market Report on Relay is a syndicated market report, published as Global Relay Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Relay market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.