Relays Market Size Analysis, Growth Insights, Opportunities 2025

Relays Market Opportunities And Strategies - Global Forecast To 2023

Relays Market Characteristics:

The global relays market reached a value of nearly $29,265.8 million in 2019, having increased at a compound annual growth rate (CAGR) of 6.0% since 2015. The market is then expected to recover and grow at a CAGR of 9.8% from 2021 and reach $34,423.4 million in 2023.

The relays market’s segmentsBy Type

1. Latching Relay 2. Solid State Relay 3. Automotive Relay 4.Electromechani cal Relay

By Application

1. Military 2. Industrial Automation 3. Electronics 4. Others

By Voltage

1. Relays < 60 Volts 2. Relays > 60 Volts

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Relays Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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Major Key Players Major companies in the market include

ABB Ltd.

Toshiba

TE Connectivity

General Electric

ABB Ltd.

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Reasons to Purchase ▪ Gain a truly global perspective with the most comprehensive market research report available on this market covering 60+ geographies.

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▪ Identify growth segments for investment.

▪ Outperform competitors using market forecast data and the market drivers and trends shaping the global market.

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▪ Benchmark performance against key competitors of the market.

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