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| Relays |
Full Report Description of Relays Market is available at:
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.
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.
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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
Brochure for the Report of Relays Market is available at:
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