The market for dual relay boards is largely driven by the increasing demand for automation and control systems in various industries such as building and home automation, automotive, and industrial automation. These boards are used as switching devices in various applications and are known for their durability and reliability. As technology continues to advance, the demand for dual relay boards is expected to increase, resulting in a growing market. However, the market growth may be impacted by factors such as price competition and alternative technologies.
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. Market share for dual relay boards is 14%.
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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:
- Solarbiotics Ltd,
- MicroController Pros,
- Laurel Electronics,
- Intelligent Appliance,
- 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.
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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.
Dual Relay Board Market by Category
By Product Type:
- AC Power
- DC Power
- AC & DC Power
By End User:
- Household Application
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
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