The relay is an automatic switching component with isolation function. It can be divided into: power relay, telecom relay, Rutomotive Relay, latching relay, etc. It is widely used in remote control, telemetry, communication, automatic control, mechatronics and power electronic equipment. One of the important control elements. According to international market research, driven by increased demand for distribution automation investment, by 2021, the global automatic relay market will reach US$1.033 billion, with a compound annual growth rate of 3.9%.
The Relay Electronics Wholesaler believes that the increase in energy demand will promote the market's demand for power supply quality, thus promoting the steady growth of demand for automatic relays.
From a regional perspective, North America will be the world's largest market for automatic relay demand, followed by Asia Pacific and Europe. From a single country perspective, due to intensive power infrastructure upgrades and large-scale deployment of distribution automation projects, the United States will become the world's largest single market country, followed by China and India.