Micro Power Relay Market: Introduction
- Micro power relays is a smaller version of standard relays. Micro power relays contain inbuilt small resistors that protect electric devices from high voltage spikes.
- Micro power relays are small in size and they receive power from a battery source; hence, they are largely used in small-sized electric devices. Moreover, these relays are light in weight, durable, and offer reliable performance.
- Micro power relays are utilized in various applications such as head lamp controls, electric appliances, starter motors, and radiator fans
- They are also used in various sectors such as automotive, consumer goods, electrical & electronics (E&E), and telecommunications
Rise in Demand for Micro Power Relay in Automotive, Electrical, and Electronics Industries
- Automotive has emerged as an attractive sector for investments by organizations across the globe. In this sector, micro power relays are extensively utilized in head lamp controls, radiator fans, starter motors, interior lights, sun roofs, seat controls, and wiper controls.
- Micro power relays are largely used in automobile applications, as they are light in weight, small in size, and resistant to heat, moisture, and vibrations. They are capable of carrying high power. Hence, the demand for micro power relays is increasing in the automotive sector.
- Furthermore, the demand for automobiles is increasing among end-users across the globe, owing to technological advancements and integration of multiple safety features, for which micro power relays are required. Hence, the demand for micro power relays is increasing in the automotive sector. Thus, an increase in the demand for automobiles among end-users is expected to drive the global micro power relay market during the forecast period.
- Micro power relays are widely used in electric appliances to control electric loads, as they offer high performance and possess the capacity to withstand high power. Hence, a rise in the demand for micro power relays for usage in electric and electronic applications is anticipated to drive the global micro power relay market during the forecast period.
Asia Pacific to Lead Global Micro Power Relay Market
- In terms of region, the global micro power relay market can be divided into Asia Pacific, North America, Europe, Middle East & Africa, and South America
- Asia Pacific is anticipated to dominate the global micro power relay market during the forecast period, owing to an increase in automation and ongoing technological advancements in the semiconductor industry in the region
- The micro power relay market in North America and Europe is expected to expand at a substantial growth rate during the forecast period. However, the market in Latin America and Middle East & Africa is estimated to expand at a moderate pace during the forecast period.
- Furthermore, micro power relays are commonly used in the automobile sector due to characteristic such as light weight, small size, and resistance to heat. These factors are estimated to drive the global micro power relay market.
Key Players in Global Micro Power Relay Market
- Omron Corporation
- Schneider Electric
- Panasonic Corporation
- IDEC Corporation
- O E N India Ltd.
- Song Chuan Precision Company Ltd.
- HELLA GmbH & Co. KGaA
Global Micro Power Relay Market, Research Scope
Global Micro Power Relay Market, by Type
- Closed Type
- Open Type
Global Micro Power Relay Market, by Application
- Head Lamp Controls
- Electric Appliances
- Starter Motors
- Radiator Fans
Global Micro Power Relay Market, by End-use Industry
- Electricals & Electronics
Global Micro Power Relay Market, by Region
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- North America
- Rest of North America
- Rest of Europe
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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