According to a new market report
published by Transparency Market Research “Relays Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 -
2021,” the relays market was valued at US$9.41 bn in 2014, which is
expected to reach US$16.24 bn by 2021, growing at a CAGR of 7.7% from
2015 to 2021.
The relays market is primarily driven by
the rising demand for solar projects globally. With the increasing
need of eco-friendly and green energy, for example, solar energy and
wind energy, the demand for relays is showing tremendous growth in
the global market. High capacity power relays are
used to cut off safely the high DC voltages used in solar
applications. The main reason for cutting the panels includes
emergency response, bypassing and maintenance of the panels
efficiently. In addition, multi band wireless technology is also an
important factor in driving the growth of relays globally. Moreover,
smart grids have also created healthy growth in relays market. Rising
demand for electricity led to the implementation of smart grids.
These grids need to be protected from overload of current or any
faults, which is possible if relays are used in the grids.
Relays-market
Browse
Full Relays Market Research Report With Complete TOC @
http://www.transparencymarketresearch.com/relays-market.html
The relays market is segmented on the basis
of product type into: latching relays, solid state relay, automotive
relay, overload protection relay, electro mechanical relays and
others. Among these, electromechanical relay held the largest market
share followed by automotive relays, solid state relay, overload
protection relays, latching relay and others as of 2014. Demand for
electromechanical relay is high as they are more reliable and easy to
setup.
The relays market is further segmented on
the basis of application into: military, industrial automation,
electronics and others. The industrial automation held the highest
market share in 23.2% in 2014. The industrial automation is followed
by electronics, military and others segment. Exponential growth in
the industrial sector and increasing need for automation in this
sector are the major factors driving the global relays market.
Geographically, the market is segmented
into North America, Europe, Asia Pacific and Rest of the World. In
2014, Asia Pacific held the largest market share in global relays
market. The factors responsible for the growth in relays market
include the increasing demand for solar projects and implementation
of smart grids. China, India and Japan are the leading countries in
Asia Pacific relays market contributing to generate maximum market
revenue. Moreover, the Asia Pacific relays market is followed by
Europe, North America and Rest of the World. In 2014, Europe
accounted for the market share of 25.1% and is expected to witness
healthy growth during the forecast period.
Browse Full Press Release :
http://www.transparencymarketresearch.com/pressrelease/relays-market.htm
Some of the leading players in the global
relays market include Comus International Inc. (U.S.), Coto
Technology Inc. (U.S.), Crydom Inc. (U.S.), StandexMeder Electronics
GmbH (Germany), Alstom S.A. (France), Siemens AG (Germany), Omron
Corp. (Japan), Schneider Electric SE (France), Fujitsu Ltd. (Japan)
and Teledyne Relays Inc. (U.S) among others. The report provides
estimates in terms of revenue (USD Billion) from 2015 to 2021 by
studying the global relays market.
The global relays market has been
segmented as follows:
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
The report provides a cross sectional
analysis of all the above segments with respect to the below
mentioned regions.
Global Relays Market: By Geography/
Country
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Italy
Spain
France
Germany
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
Rest of the World
Latin America
Middle East
Rest of Rest of the World
Request a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7190
About Us
Transparency Market Research (TMR) is a
global market intelligence company, providing global business
information reports and services. Our exclusive blend of quantitative
forecasting and trends analysis provides forward-looking insight for
thousands of decision makers. TMR’s experienced team of analysts,
researchers, and consultants, use proprietary data sources and
various tools and techniques to gather and analyze information.
Our data repository is continuously updated
and revised by a team of research experts, so that it always reflects
the latest trends and information. With a broad research and analysis
capability, Transparency Market Research employs rigorous primary and
secondary research techniques in developing distinctive data sets and
research material for business reports.
Contact:
Mr. Atil Chaudhari
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com/
No comments:
Post a Comment