The global Auto Relay market was valued at 363.74 Million USD in 2021 and will grow with a CAGR of 1.91% from 2021 to 2027, based on Market Report Hub (MRH) newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market vendors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Auto Relays are electrically operated switches used for automotive applications.Relays are used where it is necessary to control a circuit by a low-power signal (with complete electrical isolation between control and controlled circuits), or where several circuits must be controlled by one signal. Auto Relays of different sizes are found in every type of land or sea vehicle. They are often used to enable a low amperage circuit to switch a higher amperage circuit on or off. An example would be turning headlights on. Auto Relays also allow items to switch at the same time by using a single output, therefore allowing one to simultaneously open and/or close continuity on multiple items. Average relay demand of per vehicle is about 20.
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