Report ID: SQMIG55A2012
Report ID:
SQMIG55A2012 |
Region:
Global |
Published Date: April, 2024
Pages:
182
|
Tables:
59 |
Figures:
75
The Asia-Pacific region dominated the global Alternating Current (AC) relay market, owing to the region's large population, rapid industrialization, and increasing investments in power infrastructure. Additionally, India, Japan, and South Korea are expected to see strong growth in the AC relay market due to increasing investments in power infrastructure and the growing adoption of automation and control systems in various industries.
North America is expected to grow at the fastest CAGR due to the presence of several large power utilities and manufacturers in the country. Additionally, the adoption of advanced technologies such as smart grids and renewable energy systems is expected to drive the demand for AC relays in the region.
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Report ID: SQMIG55A2012