What is the current Global Relay Market size?

The Global Relay Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029) Read More

Who are the key players in Global Relay Market?

TE Connectivity, American Zettler, Churod Electronics, Omron and Panasonic are the major companies operating in the Global Relay Market. Read More

Which is the fastest growing region in Global Relay Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Relay Market?

In 2024, the Asia-Pacific accounts for the largest market share in Global Relay Market. Read More

What years does this Global Relay Market cover?

The report covers the Global Relay Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Relay Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Relay Market - Size, Report & Industry Growth

Relay Industry Overview

The Global Relay Market is moderately competitive and consists of several major players such as TE Connectivity, American Zettler, Churod Electronics, Omron, Panasonic, etc. In terms of market share, few major players currently dominate the market. However, with innovations and technological advancements, many companies are increasing their market presence through organic and inorganic growth strategies and tapping new markets. Some of the recent developments in the market are:

In December 2021, TE Connectivity acquired narrow safety relay (NSR) technology from Phoenix Contact. TE Connectivity will be involved in manufacturing and marketing NSR relays through this technology acquisition.
In November 2021, Pickering Electronics Ltd. presented high voltage reed relays comprising the newly released Series 100HV at Productronica 2021. Pickering's reed relays can stand off from 1kVto 15kV and facilitate switching from 500V to 12.5kV at up to 50W. The relays are best suitable for mixed-signal semiconductor testers, backplane testers, high-end cable testers, electric vehicles, medical electronics, big physics, solar energy, in-circuit test equipment, and high voltage instrumentation.