Market Share of Global Relay Industry
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.
Relay Market Leaders
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TE Connectivity
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American Zettler
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Churod Electronics
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Omron
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Panasonic
*Disclaimer: Major Players sorted in no particular order
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