Bistable Relay Diode Market: Introduction
- Bistable relay is an on-off multifunction relay sequential with memory, having maximum breaking capacity at halogen lamp load or LED lamp load application at control switched, electrical systems, and switchgear of modular equipment
- This robust component is available in numerous combinations such as, ON-OFF”, single-function without memory,” ON-OFF”, single-function with memory,” ON-OFF”, multifunction with memory, ON-OFF”, multifunction sequential with memory
- It offers a wide range of features such as 2 or 4 pole changeover contact, DC voltage, 2 coil type, SET and RESET signals, LED command status indication, and cadmium-free contact material. These features make the bistable relay highly significant for control panels, rail applications, and power plants, which in turn is expected to contribute to market growth.
Rise in Adoption from Power & Utility Industry
- Based on the end-use industry, the global bistable relay market can be segmented into power & utility, logistics & warehouses, automotive & transportation, energy, building & infrastructure, manufacturing, healthcare and others (IT & telecommunication, retail, etc.) The power & utility segment is expected to expand at a rapid pace during the forecast period due to a rise in use of bistable relay for remote switching of lighting where continuous control current does not flow through the switch coil, which results in a considerable saving of electric energy.
- Bistable relay is primarily used in power plants in modular DIN rail products for commanding and signaling devices. This factor is significantly driving the demand for bistable relay in the IT & telecommunication and power & utility industries.
- Rising adoption of bistable relay for controlling and signaling in control panels and electrical distribution is further propelling the market
Asia Pacific & Europe to Lead Global Bistable Relay Diode Market
- In terms of region, the global bistable relay market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Asia Pacific & Europe is expected to hold the largest share of the bistable relay market during the forecast period due to increasing demand from power & utility, logistics and warehouse, and automotive industries
- Bistable relays are widely utilized in smart meters, industrial plants, commercial and rail vehicles, private houses, construction machinery and medical devices
- Rising industrialization, the proliferation of industry 4.0, running investment in advanced factory automation solution, and innovation in low voltage products and systems are other factors propelling the bistable relays market in Asia Pacific and Europe
- The bistable relay market in North America is expected to expand at a significant rate during the forecast period due to a rise in the demand for bistable relay from diverse industries such as automotive, consumer electronics, and IT and telecommunication. Moreover, the growth is anticipated to be driven by leading countries such as U.S. and Canada. The bistable relay market in Middle East & Africa and South America is anticipated to grow at a steady pace during the forecast period due to various conflicts among Syria and Yemen, anti-coup rally in Sudan, low economic diversification, an imperative need to improve education systems and infrastructure, complex political and governance scenarios and persistently high barriers to the economic and social wellbeing of important sections of society in these regions.
Key Players Operating in Global Bistable Relay Diode Market
Prominent players operating in the global bistable relay market are engaged in developing technologically advanced products to cater to the rising demand for bistable relays. Furthermore, several manufacturers are focusing on strategic mergers and acquisition of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach.
Leading players operating in the global bistable relay market include:
- ABB Ltd
- FINDER S.p.A
- GRUNER AG
- Iskra
- Johnson Electric Holdings Limited
- Layher AG.
- Littelfuse, Inc.
- RELPOL S.A.
- TE connectivity
Global Bistable Relay Diode Market: Research Scope
Global Bistable Relay Diode Market, by Control Voltage
Global Bistable Relay Diode Market, by Contact Configuration
Global Bistable Relay Diode Market, by End-use Industry
- Power & Utility
- Logistics & Warehouses
- Automotive & Transportation
- Energy
- Building & Infrastructure
- Manufacturing
- Healthcare
- Others (IT & Telecommunication, Retail, etc.)
Global Bistable Relay Diode Market, by Application
- Commercial & Rail Vehicles
- Smart Meters
- Robots
- Others (Medical Devices, Industrial Plants, etc.)
Global Bistable Relay Diode Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
