The developing industry of electronics has largely emphasized on the development of the global dual relay board market. A dual relay board is basically a PCB (Printed Circuit Board) which carries a number of relay switches. Increasing demand for electronic components and relay boards increasing with the production and advancement of new and enhanced electronic goods that incorporate electronic components are accountable for the growth of the global dual relay board market.
Home automation is gaining more and more importance in recent days. The residential and commercial sector are using relay boards for automation to ensure safety and convenience which is growing the demand for the product and increasing the global dual relay board market. Along with the increasing concerns over safety, home automation and lower cost provided by the OEMs’, dual relay boards have become an important and crucial part of any home which allows applications in meeting exact switching requirements which is raising the demand for it and consecutively growing the global dual relay board market.
Dual relay boards are commonly used in different electronics and home systems that have low voltages as well as high voltages that provides with ease of handling. The specialized features of the product have changed the phase of security, HVAC, and lighting in the households which has resulted in the strong growth of the global dual relay board market. The growth in electronic industry and high technological developments in the sector is foreseen to energize the growth of global dual relay board market.
Dual Relay Board: Drivers & Restraints:
Ever-increasing demand and successive production of electronics are considered as one of the biggest driver for the increasing demand of the dual relay boards and global dual relay board market dispersion. The increasing electronic insides in vehicles has also been driving the market substantially. The hybrid and electric vehicles are also expected to increase the market for relays, ultimately raising the global dual relay market. The additional benefits such as control of the larger loads and devices like AC or DC motors, solenoids; lower cost; control of more than one power devices with one device etc. can be some of the drivers for the global dual relay board market.
Despite of being simple, compact, robust and reliable source of automation, the dual relay boards suffers from some challenges such as requirement of high burden level instruments, requirement of periodic maintenance, also the aging of the components, pollution and dust resulting in trips that can restrain the global dual relay board market from growing. The rising price of copper is expected to prevent the growth of the global dual relay board market in coming future.
Dual Relay Board: Segmentation:
On the basis of product type, the global dual relay board market is segmented as
Electromagnetic Dual Relay Board and Solid State Dual Relay Board. On the basis of applications, the global dual relay market is segmented as Communications, Consumer Electronics, Military/Aerospace, Computer/Peripherals, Automotive and others.
Dual Relay Board: Region-wise Outlook:
The global dual relay board market is projected to register a favorable growth for the forecast period, 2015? 2025. Asia-Pacific is projected to endure its control on the global dual relay board market. The region is so projected because of the increasing demand and production of electronic products and devices such as tablets, smartphones and the increasing rate of technological advancements and successive developments of new models. Japan also contributes to the global dual relay board market remarkably. North America and Europe are expected to follow the Asia market in terms of growth in global dual relay board market.
Dual Relay Board: Key Players:
Some of the key market participants in global dual relay board market are Jameco, Solarbotics Ltd, Leashelectronics, Pencom Design, Kingdom Electronics, MicroController Pros LLC, Phidgets, Laurel Electronics, Inc, Honeywell International etc.