Published Date : 31 Oct 19 | Views: 79 | Industry : Electronics & Semiconductor
Demand for Relay to Increase in Automotive Industry with Increased Vehicle Electrification
Based on application, the global relay market is segmented into household appliance, communications, industrial, automotive, and others. Buyers of the report are also provided with exhaustive analysis of product type segments of the global relay market such as combined relay, SSR/power module, electromagnetic, and others. Printed circuit board-mount SSR is capable of replacing traditional panel-mount SSR and finds important application in portable dialysis machines. The automotive industry is expected to create demand for relay due to increasing electrification of automobiles. SSR of plug-in type is used in several automotive applications, including door lock, electrically heated catalytic converter, pump, and motor.
Relay Manufacturers Expected to Show Interest in China Market due to Low Costs
The US and Europe are anticipated to create demand for relay on the back of key positive factors such as rising adoption, increasing competition, introduction of new products, increased retrofitting with new relays, and high sales on household appliances. China could attract relay manufacturers in future because of its lower labor and raw material costs. High automobile production, increasing significance of electronics in the automotive industry, and increased manufacturing of electric cars in China and Japan are predicted to boost the demand for automotive relay in Asia Pacific.
Players Expected to Improve Technology to Introduce Products with Better Functionality
The report offers thorough assessment of the market growth of leading players of the global relay market such as Omron, Ningbo Huike, TE Connectivity, Qunli Electric, Panasonic, Tianyi Electric, Fujitsu, Songle Relay, Teledyne, Hu Gong, ABB, Schneider Electric, Delixi, Eaton, Chint Electrics, Honeywell, Ningbo Forward, Fuji Electric, Sanyou, Sharp, Song Chuan, Rockwell Automation, Hongfa, Finder, and Hella.
Application of High Current Rating SSR in Energy Infrastructure Likely to Strengthen Demand
The global relay market is expected to benefit from growing use of solid state relay (SSR) with high current rating in applications such as machine tools, conveyor systems, and elevators. High current rating SSR also finds application in energy infrastructure and building equipment. Demand for SSR could increase in key end-use industries due to its compactness, long operating life, shock resistance, and high switching frequency. High use of consumer electronic products such as kitchen appliances is anticipated to push forward the requirement for electromechanical relay. Demand for automotive relay could improve as the use of electric components continues to increase rapidly in existing and upcoming automobiles.
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