Relay Market worth to Witness Comprehensive Growth by 2030 - MarketsandMarkets Blog - 0 views
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Almira Coyne on 06 Mar 23The relay market size is estimated to be USD 9.0 billion by 2022 and is projected to reach USD 14.7 billion by 2030, at a CAGR of 6.3%. A relay is an electronic control device that has a control system (also called an input loop) and a controlled system (also called an output loop) and is usually used in automatic control circuits. It is an "automatic switch" that uses a smaller current to control a larger current. Relay plays the role of automatic adjustment, safety protection, and conversion circuit in the circuit.