(EMAILWIRE.COM, March 16, 2019 ) According to this study, over the next five years the Relay market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 7450 million by 2024, from US$ 5880 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Relay business, shared in Chapter 3.
In the coming years there is an increasing demand for Relay in the regions of North America and Europe that is expected to drive the market for more advanced Relay. Increasing of automotive, household appliance fields expenditures, More-intense competition, Launches in introducing new products, Retrofitting and renovation of old technology, Increasing adoption of Relay will drive growth in United States and Europe markets.
Globally, the Relay industry market is low concentrated as the manufacturing technology of Relay is relatively matures than some high-tech equipment. And some enterprises, like Omron, TE Connectivity, Panasonic, Hongfa, etc. are well-known for the wonderful performance of their Relay and related services. At the same time, China, occupied 52.68% revenue market share in 2016, is remarkable in the global Relay industry because of the lowest cost of raw material and labor.
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The consumption volume of Relay is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Relay industry may not keep that fast. But it is surely forecasted that the market of Relay is still promising.
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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This study considers the Relay value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
SSR & Power Module
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
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Table of Contents:
1 Scope of the Report
2 Executive Summary
3 Global RELAY by Players
4 RELAY by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
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