By the end of 2022, the dual relay board market had generated US$ 605.5 Mn. The market is anticipated to increase at a CAGR of 3.9% from 2023 to 2033, reaching US$ 911.0 Mn. Computer boards called relay boards have a lot of switches and relays on them. They can be used at input and output terminals and are used to manage the voltage supply.
To provide one DPDT (Double Pole Double Throw) or two SPDT (Single Pole Double Throw) relay outputs for power switching of up to 2 amps, dual relay boards connect to a Switch-It or Switch8 decoder. Each on-board relay channel is capable of independent, real-time control.
Demand Outlook for Dual Relay Boards for the Years 2018–2022 Compared to 2023–2033 Forecast
In comparison to the historical CAGR of 1.8% for the historic period of 2018–2022, the market for dual relay boards is anticipated to grow at a CAGR of 3.9% for the projected period.As the electronic and electrical industries expand quickly, more equipment with cutting-edge innovations and technology drives market expansion. Many recently developed and introduced pieces of electrical equipment use dual relay boards to increase security, safety, and voltage load, which extends the life of the product or piece of equipment.
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Competitive Landscape
With the increased production of new and innovative electronic goods by important players in order to give customers with better products and experiences.
- Some key players are:
- Jameco, Solarbiotics Ltd,
- Phidgets,
- MicroController Pros,
- Laurel Electronics,
- Leashelectronics,
- Intelligent Appliance,
- Arduino,
- Omega,
- Pentek,
- Honeywell International, and
- Pencom Design.
- In August 2020, OMRON Launches HD-1500 Mobile Robot with 1500kg payload capacity is the strongest and newest addition to the company’s portfolio of mobile robots.
- In November 2020, TE Connectivity has acquired the DRI Relays. This acquisition has led the DRI Relays to provide a strong and complex strategies for TE’s defence, aerospace and marine businesses.
Regional Analysis
East Asia was the region estimated to hold the largest market share in 2022 of 24.1% in 2022, and South Asia and the Pacific are estimated to be the fastest-growing regions for the dual relay board market, with a CAGR of 6.3% for the forecast period.
East Asia’s dominance is backed by increasing electrical connectivity and distribution network across the region. The countries in the region are establishing new factories in various sectors, which necessitates the use of large electrical equipment that necessitates the use of dual relay boards for proper voltage regularities in order to protect against damage.
High demand for new electronic devices and an inclination toward hybrid vehicles grow demand in South Asia and the Pacific and drive sales of dual relay boards.
The rising expenditure on smart phones and the expansion in acceptance of miniature electric devices in this region are driving growth for this market.
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Country wise insights
Inventing New Technology and Its Application in China Makes Prominent Market for Dual Relay Board
China is one of the world’s fastest developing countries, having invented new technology and implementing it in the production of new electrical and industrial devices. A new product is developed with some requirements and has different features with different power consumption, but irregularities in the power supply interrupt the product life cycle. A dual relay board is embedded for better performance and to increase the sales of the product across the world.
Due to these factors, China were estimated to have a larger market share of 18.2% in 2022.
Embracing Technology and Rapid Industrialization Increases Dual Relay Board demand in USA
When it comes to adopting and growing innovative technology, the US is on par with the front runners. Increased use of smart phone services, the entry of various well-known manufacturers in the US, and an increased electrical connectivity and distribution network are likely to boost the US market.
Dual Relay Board Market by Category
By Product Type:
- AC Power
- DC Power
- AC & DC Power
By End User:
- Household Application
- Automotive
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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