Miniature Relays Global Market 2020 and Forecast 2021-2027
- TBI381667
- November 25, 2020
- Global
- 144 pages
- SAC Insights
A relay is an electrically operated switch. Many relays use an electromagnet to mechanically operate a switch, but other operating principles are also used, such as solid-state relays. Relays are used where it is necessary to control a circuit by a low-power signal (with complete electrical isolation between control and controlled circuits), or where several circuits must be controlled by one signal. The first relays were used in long distance telegraph circuits as amplifiers: they repeated the signal coming in from one circuit and re-transmitted it on another circuit. Relays were used extensively in telephone exchanges and early computers to perform logical operations.
More than 47% of Miniature Relay products were produced in China. And China market is expected to keep being the biggest market with output market share of 49% in 2023, followed by Japan, North America, Europe, South Korea and Taiwan. In the application segment by connection, PCB segment accounted for the most of market share (55.66% in 2017), in terms of volume. Briefly speaking, in the next few years, Miniature Relay industry will still be a highly energetic industry. With the use of these relays especially in automotive industry, Miniature Relay will have a great future.
Market Analysis and Insights: Global Miniature Relays Market
The global Miniature Relays market size is projected to reach US$ 5084.8 million by 2026, from US$ 4384.6 million in 2020, at a CAGR of 2.5% during 2021-2026.
Global Miniature Relays Scope and Segment
The global Miniature Relays market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Miniature Relays market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.
By the product type, the market is primarily split into
- General Purpose Relays
- Miniature Power Relays
- Miniature Signal Relays
- Miniature Safety Relays
- Miniature Semiconductor Relays
By the end users/application, this report covers the following segments
- PCB
- Quick-terminal
- Sockets
- Others
Competitive Landscape:
The report provides a list of all the key players in the Miniature Relays market along with a detailed analysis of the strategies, which the companies are adopting. The strategies mainly include new product development, research, and development, and also provides revenue shares, company overview, and recent company developments to remain competitive in the market.
The Miniature Relays key manufacturers in this market include:
- Omron
- TE Connectivity
- Panasonic
- Fujitsu
- Teledyne
- ABB
- Schneider Electric
- Eaton
- Honeywell
- Fuji Electric
- Sharp
- Rockwell Automation
- Finder
- Hella
- Hongfa
- Song Chuan
- Sanyou
- Ningbo Forward
- CHINT Electrics
- Delixi
This research comprehensively answers the following 9 important questions:
- Q.1. What are some of the most promising growth trends in the Miniature Relays market worldwide?
- Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
- Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth?
- Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Miniature Relays market?
- Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Miniature Relays market?
- Q.6.What are the emerging trends post COVID-19 reshuffle in this Miniature Relays market and the what are reasons behind these trends and do they translate in global exploration?
- Q.7. Who are the major global and regional players in the Miniature Relays market? Which are the strategic initiatives key players are pursuing for business growth?
- Q.8.Which are the competing products in Miniature Relays market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Miniature Relays industry?
Table of Contents Chapter 1. Preface 1.1. Report Description 1.1.1. Objective 1.1.2. Target Audience 1.1.3. Unique Selling Proposition (USP) & Offerings 1.2. Research Scope 1.3. Research Methodology 1.3.1. Market Research Process 1.3.2. Market Research Methodology 1.3.3. Level 1: Primary Research 1.3.4. Level 2: Secondary Research and Purchased Database(Statista, FactSet, Bloomberg, SDC Platinum) 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope Chapter 2. Executive Summary 2.1. Global Miniature Relays 2019-2029 (USD Billion) 2.2. Global Miniature Relays: Market Snapshot Chapter 3. Global Miniature Relays - Industry Analysis | read more...
