Global Safety Relays Market to Reach $1.1 Billion by 2030
The global market for Safety Relays estimated at US$704.5 Million in the year 2023, is expected to reach US$1.1 Billion by 2030, growing at a CAGR of 6.4% over the period 2023-2030.
The U.S. Market is Estimated at $184.5 Million, While China is Forecast to Grow at 9.6% CAGR
The Safety Relays market in the U.S. is estimated at US$184.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$253.4 Million by the year 2030 trailing a CAGR of 9.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook