Electromechanical Relay Market Size, Revenue, Segmentation Report, Outlook Worth & Forecast till 2027
Electromechanical relay is defined as a type of switch which used to handle high power devices. It can control the electric circuit by closing or opening the links of that circuit. Electromechanical relay consists of namely normally closed (NC), three terminals, common (COM), and normally opened (NO) contacts. Electromechanical relays can work on both direct current and Alternative current supply sources.
The increase in demand for electromechanical relay due to
its properties such as low power consumption, low cost, long operation life,
and easy maintenance expected to drive the global electromechanical relay
market growth during this forecast period. Furthermore, the increase in
adoption of electromechanical relay in the car manufacturing will positively
influence the market growth.
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Also, the growing demand for consumer electronic products
will support the market growth. Moreover, the increase in use of
electromechanical relay in kitchen appliances is another driving factor which
expected to fuel the market growth.
The availability of solid-state relays as an alternative due
to improvements in manufacturing technology and semiconductor fabrication may
hamper the global electromechanical relay market growth over the forecast
period.
Electromechanical
Relay Market Segmentation
The Global Electromechanical Relay Market is segmented
into type such as Reed Relays, Heavy Duty and High Voltage Relays, and
Aerospace/ MIL-SPEC Relays. Further, market is segmented into industry vertical
such as Consumer Electronics, Industrial Automation, Automotive, Aerospace, and
Others.
Also, the Global Electromechanical Relay Market is segmented
into five regions such as North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa.
Market Key
Players
Various key players
are discussed in this report such as Siemens AG, TE Connectivity Ltd., ABB
Ltd., DARE Electronics, Inc., Ashida Electronics Pvt. Ltd., Leone Systems,
Control &Switchgear Electric Limited, Eaton Corporation, Hitachi, Ltd., and
General Electric.
Market Taxonomy
By Type
·
Reed Relays
·
Heavy Duty and High Voltage Relays
·
Aerospace/ MIL-SPEC Relays
By Industry Vertical
·
Consumer Electronics
·
Industrial Automation
·
Automotive
·
Aerospace
·
Others
By Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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