The Rise in the Relay Market: Increasing Adoption of Industrial Automation
The increasing adoption of industrial automation systems across various industries is driving the need for relays in motor control, protection, and switching applications. The expansion of smart manufacturing, robotics, and automated production lines is further amplifying the need for reliable and efficient relay solutions.
According to a latest research, The relay market is expected to grow from...
Relay Market Size Worth $14.7 Billion by 2030 | Increasing power demand and investments in smart grid infrastructure
According to a research report “Relay Market by Type (Electromechanical, Thermal, Reed, Time, PhotoMOSFET, Solid State, MEMS), Application, Voltage Range (Low, Medium, High), Mounting Type (Panel, PCB, DIN Rail, Plug-In) and Region – Global Forecast to 2030″ published by MarketsandMarkets, the relay market size is estimated to be USD 9.0 billion by 2022 and is projected to reach...