Relay Industry Globally & in China Analysed in Comprehensive ResearchInChina Report Published at MarketPublishers.com
02 Nov 2015 • by Natalie Aster
LONDON – China is the major manufacturing base of relays globally, with its output accounting for over 50% of worldwide total. On the back of the rising demand from downstream markets, the domestic relay sales and output amounted to USD 2.91 billion and close to 6.79 billion units separately as of 2014, when the key market categories such as home appliance relay and automotive relay grabbed 30% and 18.7% shares, respectively.
To date, China’s high-end relay market is chiefly monopolised by overseas brands like Panasonic, Omron and TE Connectivity, whilst the low-end market is controlled by such domestic players as Guizhou Space Appliance, Hongfa Technology, Zhejiang HKE, Dongguan Sanyou Electrical Appliances, and Ningbo Forward Relay.
Hongfa Technology, a leader in the country’s relay industry, captures 8.9% share of the worldwide relay market and ranks the fourth, as well as accounts for 19.2% share of the Chinese relay sector and ranks the first as of 2014. In May, 2015, Hongfa Holding, Hongfa Technology’s sub-subsidiary, invested USD 20 million to obtain CLODI’s patents, trademarks and 100% equities of KG Company (held by CLODI), which helped Hongfa further strengthen its position in the global marketplace.
Comprehensive market research report “China Relay Industry Report, 2015-2018” drawn up by ResearchInChina offers an all-round analysis of the Chinese relay industry. The study gives a granular overview of the global relay sector, presents market size estimates, takes a look at the market structure, and sheds light on the competitive scenario, among others. It further proceeds with an insightful analysis of the relay industry in China, covering market size data, examining the structure of the domestic market, providing import and export data, along with discussing the competitive environment, etc. The research study provides an investigation of the downstream sectors of China’s relay industry, including home appliances, automobiles, amid others. Furthermore, the report provides in-depth insights into the operation and relay business of the world’s 5 companies and 8 firms in China.
China Relay Industry Report, 2015-2018
Published: September, 2015
Price: US$ 2,200.00
More reports by the publisher can be found at ResearchInChina page.