Powering Progress: A Deep Dive into the Global Relay Market & the Rise of Electromechanical, Solid‑State, and Protection Relays
The global relay market is undergoing significant transformation, driven by the rapid expansion of industrial automation, smart grid infrastructure, electric vehicles (EVs), and renewable energy integration. According to latest report, the relay market is projected to grow from USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0%. This growth is fueled by the increasing demand...
Relay Market Size to Grow $15.20 billion by 2030 at a CAGR of 7.0%
According to a research report “Relay Market by Type (Electromechanical, Thermal, Reed, Time, Solid State), Voltage Range (Low, Medium, High), Mounting Type (Panel, PCB, DIN Rail, Plug-In), Application (Protection, Monitor, Control), Verticals and Region – Global Forecast to 2030″, the Relay market is anticipated to grow from an estimated USD 10.12 billion in 2024 to USD 15.20 billion...