Relay Device Market Size and Growth
The global relay device market is projected to reach a value of $15.22 billion by 2025, with a CAGR of 7.2%. The market is driven by increasing demand for automation across various industries and the growing adoption of IoT technology. Key players include Siemens AG, Omron Corporation, and Schneider Electric.
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Companies Covered (Covid 19 Impact Covered)
◍ Xiamen Hongfa Electroacoustic
◍ Omron
◍ TE Connectivity
◍ Panasonic
◍ Song Chuan Precision
◍ Fujitsu
◍ Schneider Electric
◍ Eaton
◍ Sanyou Relays
◍ Finder
◍ Honeywell
◍ Rockwell Automation
◍ Ningbo Forward Relay
◍ Teledyne
◍ CHINT
◍ ABB
◍ Fuji Electric
◍ Zhejiang HKE
The Relay Device Market is highly competitive with companies such as Omron, Schneider Electric, and ABB leading the market. These companies offer a wide range of relay devices for various industries such as automotive, industrial, and consumer electronics.
- Omron: reported sales revenue of $7.8 billion in 2019
- Schneider Electric: reported sales revenue of $27.2 billion in 2019
- ABB: reported sales revenue of $27.4 billion in 2019
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