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Global Electromechanical Relay Market is expected to grow at a CAGR of 5.22% over the Forecast Period of 2018 – 2024

Infograph - Global Electromechanical Relay Market

By Infinium Global Research Aug, 2020

An electromechanical relay is a switch that is used to control high power devices. It controls the electric circuit by opening or closing the contacts of that circuit. The electromechanical relay contains 3 terminals normally closed (NC), normally opened (NO) contacts, and common (COM). They are used mostly in the general aviation, aerospace, and wireless technology industries. This relay has strong contact pins that do not bend and additional leads to lower operating temperatures, lower terminal resistance, and higher conductivity. The Benefits offered by electromechanical relays such as low cost, dependability, less power consumption, and easy maintenance are some factors driving the growth of this market. Additionally, the operator’s first choice to work with the current electromechanical technology, easy to repair, harsh environments, simplicity in understanding, dependability, and maintenance are other factors boosting the growth of the electromechanical relay market. Increasing global energy prices and an increasing number of renewable energy projects are fueling the demand for high capacity electromechanical relays hence this is positively impacting the growth of the global EMR market. Furthermore, the upsurge in demand for consumer electronic products is also contributing to the growth of this market. On the contrary progress in semiconductor fabrication and manufacturing technology has led to the emergence of solid-state relays (SSR) which are hampering the growth of the electromechanical relay market.

 

The report on Global Electromechanical Relay Market covers segments such as type, application, and end-user industry. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global Panasonic, Teledyne Relays, Honeywell International In, General Electric, Omron Corporation, Schneider Electric, Rockwell Automation, Inc., Siemens, TE Connectivity and FUJITSU.

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