Reed Relay Market Worth $1,125 Million by 2030 - Exclusive Report by MarketsandMarkets™
The reed relay market is expected to grow from an estimated USD 352 million in 2022 to USD 1,125 million by 2030, at a CAGR of 15.6% during the forecast period. Due to the Increasing adoption of EVs and rising investment in renewables worldwide a considerable growth in reed relays is witnessed. Secondly, growing demand from medical and instrumentation industry is fuelling the demand of reed relays.
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