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The global automatic relay market will reach USD 1.033 billion by 2021.

Categories:Industry news
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Time of issue:2020-04-18 10:28
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(Summary description)The relay is an automatic switching element with isolation function. It is widely used in remote control, telemetry, communication...

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The global automatic relay market will reach USD 1.033 billion by 2021.

(Summary description)The relay is an automatic switching element with isolation function. It is widely used in remote control, telemetry, communication...

Categories:Industry news
Author:
Origin:
Time of issue:2020-04-18 10:28
Views:

Information

The relay is an automatic switching element with isolation function. It is widely used in remote control, telemetry, communication, automatic control, mechatronics and power electronic equipment. It is one of the most important control elements. According to the research report released by the international market research agency MarketsandMarkets, driven by the increased demand for distribution automation investment, the global automatic relay market will reach 1.033 billion US dollars by 2021, with a compound annual growth rate of 3.9% during the period.

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