Transparency Market Research Relays Market to Reach US$16.2 bn by 2021 owing to Growing Need for Solar Energy Projects Single User License: USD 4315.5 Flat 10% Discount!! Free Customization as per your requirement You will get Custom Report at Syndicated Report price Report will be delivered with in 15-20 working days Request Sample Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Download Brochure REPORT DESCRIPTION The Global Relays Market is predicted to progress from US$9.4 bn in 2014 to US$16.2 bn by 2021 owing to the increasing need of solar energy projects and the increasing demand for smart grids. Full Report Description of Relays Market is available at: http://www.transparencymarketresearch.com/relays-market.html Relays are primarily used to control circuits by a low-power signal. Relays control many circuits by using a single signal. Relays are used across various applications such as military, automobiles, and industrial automation. They are mainly utilized to prevent faults and overload in circuits. When the current surpasses the threshold value, the armature gets activated by the coil, which operates to close the open contacts or open the closed contacts. Relays also allow one circuit to switch over another circuit by completely separating from the first circuit. The global relays market is primarily driven by the rising need for eco-friendly energy sources such as solar energy and wind energy. High-capacity power relays are utilized to safely cut off high DC voltages that are used in solar applications. Maintenance of panels, emergency response, and bypassing are the major reasons for which high DC voltages are cut-off from solar applications. Smart grids, in the recent past, have boosted growth opportunities in the global relays market. The global relays market is segmented on the basis of geography, product type, and application. Based on product, the global relays market is classified into solid state relays, latching relays, overload protection relays, automotive relays, electromechanical relays, and others. In 2014, the global relays market was dominated by the electromechanical relays segment, followed by the automotive relays segment and the solid state relay segment. Military, electronics, industrial automation, and others are some of the applications of relays. In 2014, the industrial automation segment held the highest share of 23.2% in the global relays market. The electronics segment was the second largest market in the global relays market, followed by the military segment. Growth of the industrial sector and the increasing need for automation in the industrial sector are two of the factors expected to majorly contribute towards the growth of the global relays market in the years to come. Request for the Sample Research Report at: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7190 Based on geography, the global relays market is divided into Asia Pacific, North America, Europe, and Rest of the World. In 2014, the global relays market was led by Asia Pacific. The Asia Pacific relays market is expected to maintain its dominant position in the next few years due to factors such as the increasing implementation of smart grids and the increasing demand for solar projects. In 2014, Europe accounted for 25.1% of the global relays market and is predicted to register healthy growth in the years to come. Some of the leading companies operating in the global relays market are Comus International Inc. (U.S.), Crydom Inc. (U.S.), Alstom S.A. (France), Omron Corp. (Japan), Fujitsu Ltd. (Japan), Coto Technology Inc. (U.S.), StandexMeder Electronics GmbH (Germany), Siemens AG (Germany), Schneider Electric SE (France), Teledyne Relays Inc. (U.S). Key Segments of Global Relays Market 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 Brochure for the Report of Relays Market is available at: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7190 About TMR 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 TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/
Relays are the switch that is operated electrically. The majority of the relays use electromagnet to run the switch automatically however different principles are also used for operation of relays. Growing requirement for relays in smart grids is a significant driver, fuelling the expansion of relays market. Smart grid technologies are escalating rapidly as the requirement for automated power grid is increasing.
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