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Smart grid is a complete system, covering power generation, transmission and distribution, dispatching, transformation, electricity consumption and other aspects. According to incomplete statistics, more than 80% of the electric energy of the power system is transmitted to users through the user-side distribution network and consumed by terminal power equipment.

Magnetic latching relay is also a kind of relay, but it has more stable performance, smaller volume and stronger carrying capacity than other relays. The magnetic hold relay is essentially an automatic switch that automatically turns a circuit on or off.

Market Research firm Markets and Markets forecasts that the automotive relay market will grow from $12.39 billion in 2017 to $16.79 billion in 2022, with a compound annual growth rate of 6.2% over the same period.