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| Component Type | Market Share (%) | Growth Rate (2023) | Applications | Region |
|---|---|---|---|---|
| Electromechanical Relay | 32% | 4.5% | Industrial Automation | North America |
| Solid State Relay | 28% | 6.2% | Renewable Energy | Europe |
| Smart Relay | 18% | 7.8% | Home Automation | Asia-Pacific |
| Hybrid Relay | 12% | 3.5% | Telecommunication | Latin America |
| Power Relay | 10% | 5.1% | Consumer Electronics | Middle East |