About High Voltage Relays
High Voltage signals can be switched through electromechanical devices such as high voltage relay. It is used in high voltage application but has the same principles and electromechanical relays. The contacts are enclosed by glass or ceramic vacuum which is preventing them from arcing. It is designed such that the coil is located outside and away from contacts which is different from normal relays. Further, high voltage relays contains maximum voltage and dielectric strength. It is used in various industries which is fueling the market growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.4% |
Light conveyor belt market is fragmented with numerous players who are focusing to offer a wide range of innovative products to attract customers. Also, they are keeping an eye on the quality product for their end consumers. The companies are exploring the market in new regions by expansion, investments merger & acquisition and collaboration as a strategies. Emerging countries are to estimate positive growth due to rapid urbanisation, and industrialisation over the coming years. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global High Voltage Relays market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TE Connectivity (Switzerland), Panasonic (Japan), Fujistu (Japan), Hengstler (Germany), NUCLETRON Technologies (Germany), Reed Relays and Electronics (India), COMUS International (United States), Kissling electrotech inc (United States), Schneider electric (United States) and Esterline (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global High Voltage Relays market by Type (High voltage solid-state relays, High voltage vacuum relays and High voltage reed relays), Application (Communication & Broadcast, Automotive, Aerospace & Avionics, Military and Other) and Region.
On the basis of geography, the market of High Voltage Relays has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Switch, the sub-segment i.e. Single Pole Single Throw will boost the High Voltage Relays market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in High Voltage Relays
Market Growth Drivers:
Rising Usage of Electronic Equipment’s in Industries and Wide Range of Applications of High Voltage Relays
Challenges:
High Initial Cost of Investment
Restraints:
Regular Maintenance Requirements and Cost of Maintenance Have been Restraining the Market.
Opportunities:
Increasing Demand in Developing Economies, Increasing application in electric vehicles and Growing industrialisation and residential comfort
Market Leaders and their expansionary development strategies
In 2019, TE connectivity has acquired Kissling group. This acquisition will help in the expansion of portfolio of specialty relays and switches.
In March 2022 TE Connectivity launched an innovative new hybrid inline connector solution that provides ease of manufacturing, reduces the number of connections required, simplifies supply chain complexity, and reduces the cost and New Generation Y 68P Sealed Hybrid Inline Connector addresses wire harness complexity in next-generation passenger vehicles by combining signal, power, and data connectivity into one connector
75.814 Electrical protection: (a) High-voltage circuits must be protected against short circuits, overloads, ground faults, and under voltages by circuit-interrupting devices of adequate interrupting capacity as follows: (1) Current settings of short-circuit protective devices must not exceed the setting specified in approval documentation, or seventy-five percent of the minimum available phase-to-phase short-circuit current, whichever is less. (2) Time-delay settings of short-circuit protective devices used to protect any cable extending from the section power center to a motor-starter enclosure must not exceed the settings specified in approval documentation, or 0.25-second, whichever is less. Time delay settings of short-circuit protective devices used to protect motor and shearer circuits must not exceed the settings specified in approval documentation, or 3 cycles, whichever is less.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.