Relay Market – Global Forecast To 2030
リレー市場 – タイプ (電気機械、熱、リード、時間、ソリッドステート)、電圧範囲 (低、中、高)、取り付けタイプ (パネル、PCB、DIN レール、プラグイン)、用途 (保護、モニター、制御)、垂直および地域別 – 2030年までの世界予測
Relay Market by Type (Electromechanical, Thermal, Reed, Time, Solid State), Voltage Range (Low, Medium, High), Mounting Type (Panel, PCB, DIN Rail, Plug-In), Application (Protection, Monitor, Control), Verticals and Region – Global Forecast to 2030
The relay market is expected to grow from an estimated USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period.
リレー市場は、2024年の推定101億2,000万米ドルから2030年までに152億米ドルまで、予測期間中に7.0%のCAGRで成長すると予想されています。
The relay market is dominated by a few major players that have a wide regional presence. The leading players in the relay market are Panasonic Holdings Corporation (Japan), HONGFA (China), TE Connectivity (Switzerland), OMRON Corporation (Japan), and GE Vernova Inc. (US), among others. The major strategy adopted by the players includes new product launches, joint ventures, acquisitions, and expansions.
The report provides insights on the following pointers:
- Analysis of key drivers (increasing industrialization, stringent government regulations and increasing need for sustainability in the relay are just a few of the primary drivers propelling the relay market), restraints (high operation and maintenance cost of relay system and high initial investment, limit the market’s expansion), opportunities (advancement in relay technologies and development of sustainable relay solutions), and challenges (limited awareness in the emerging markets) influencing the growth.
- Product Development/ Innovation: The relaymarket is seeing substantial product development and innovation, driven by rising environmental concerns. Companies are investing in improved relay technology to manufacture advanced relay technologies.
- Market Development: In January 2022, TE Connectivity acquired a German company named Phoenix Contact Group, one of the global leaders in relay technology. With this acquisition, TE’s extensive relay portfolio for industrial automation, elevator, and rail applications now include a single-pole, force-guided solution. This acquisition aids TE Connectivity in the manufacture and supply of NSR element relays and the delivery of modern safety technology and miniaturized solutions to end-user applications such as robotic control, programmable logic control, and elevator.
- Market Diversification: In January 2022, TE Connectivity built a new building for Energy Industry Production facility in Mexico. The new building almost doubled TE’s production capacity for solar products, power grid connections, and cable accessories for the expanding renewable energy industry in the Americas. A more dependable and sustainable electricity grid is made possible by the goods produced at this site.
- Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the relay market, including Panasonic Holdings Corporation (Japan), HONGFA (China), TE Connectivity (Switzerland), OMRON Corporation (Japan), and GE Vernova Inc. (US), among others.