Los Angeles, CA -- (SBWIRE) -- 10/20/2018 -- 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.

The MINIATURE RELAY market was valued at 4050 Million US$ in 2017 and is projected to reach 4940 Million US$ by 2025, at a CAGR of 2.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for MINIATURE RELAY.

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This study focuses on the production side and consumption side of MINIATURE RELAY, presents the global MINIATURE RELAY market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

In terms of production side, this report researches the MINIATURE RELAY capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

In terms of consumption side, this report focuses on the consumption of MINIATURE RELAY by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.

This report includes the following manufacturers; we can also add the other companies as you want.

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

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Market Segment by Product Type

General Purpose Relays

Miniature Power Relays

Miniature Signal Relays

Miniature Safety Relays

Miniature Semiconductor Relays

Market Segment by Application

PCB

Quick-terminal

Sockets

Others

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