Relay Market Surge Towards Solid Growth by 2030
Relay market is anticipated to grow from an estimated USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period. With the increasing penetration of renewable energy sources, new challenges emerge, especially in the electric grid, in the electrical grid. Relay systems stabilize the grid through power variation management, uninterrupted connections of various...
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...