PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1756433
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1756433
Electric Vehicle Relays Market size was valued at US$ 13,810.22 Million in 2024, expanding at a CAGR of 14.40% from 2025 to 2032.
Electric vehicle relays are a crucial component of electric vehicles, situated between the battery and the inverter. They are responsible for activating and deactivating the batteries according to the commands from the Battery Management System (BMS), as well as controlling the operation of external chargers. In essence, they are integral to all functions involving a direct current (DC) load. Notably, EV relays are the sole mechanical components among high-voltage parts (exceeding DC 450V). Therefore, ensuring their durability and quality is critically important, as they endure significant stress in brief intervals due to high and irregular electrical currents. Our EV relays have demonstrated their reliability by sustaining long-term partnerships with numerous global automotive manufacturers.
Electric Vehicle Relays Market- Market Dynamics
Increasing demand for electric vehicles is projected to drive the growth of the market.
Relays in electric vehicles (EVs) are responsible for the safe management of high-voltage circuits, including battery management, motor control, charging systems, and thermal management. As the complexity of EVs increases, the demand for reliable and efficient relays becomes critical. With innovations such as autonomous driving and connected vehicles, EV systems are evolving to be more intricate, necessitating specialized relays for diverse electronic functions. The International Energy Agency reports that global electric car sales surpassed 17 million in 2024, achieving a market share exceeding 20%. Projections for 2025 indicate that electric car sales will exceed 20 million, representing over 25% of total vehicle sales worldwide. In the first quarter of 2025, global electric car sales experienced a 35% increase compared to the previous year. Nevertheless, the integration of advanced vehicle systems presents a potential growth opportunity for the market, while the high cost of advanced relays may pose a challenge to market expansion.
Electric Vehicle Relays Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 14.40% over the forecast period (2025-2032)
Based on Product segmentation, PCB Relay was predicted to show maximum market share in the year 2024
Based on application segmentation, Heating was the leading application in 2024
Based on Vehicle Type segmentation, Passenger Cars was the leading Vehicle Type in 2024
Based on region, Asia Pacific was the leading revenue generator in 2024
The Global Electric Vehicle Relays Market is segmented based on Product, Application, Vehicle Type, Sales Channel, and Region.
The market is divided into three distinct product categories: Plug-in Relays, PCB Relays, and EV and Hybrid Relays. Among these categories, the PCB Relay segment commands the largest market share. These relays are more compact and lighter than traditional plug-in variants, making them particularly suitable for the constrained space found in electric vehicle (EV) architectures. Their ability to be directly mounted on circuit boards minimizes mechanical complexity and reduces the risk of vibration-related failures, thereby enhancing durability and extending operational lifespan. Furthermore, their compatibility with automated manufacturing processes contributes to lower production costs and improved scalability for original equipment manufacturers (OEMs). As electric vehicles continue to advance towards more compact and technologically sophisticated designs, PCB relays offer the performance, reliability, and adaptability required to fulfill contemporary electrical demands, thereby reinforcing their leading position in the EV relay market.
The market is divided into two primary application categories: Heating, Lamps, and Filter Capacitors, as well as Solenoids, Motors, and Pumps, among others. The heating segment is the foremost driver of market growth. Heating applications play a vital role in electric vehicles (EVs), especially in ensuring passenger comfort and optimal vehicle performance in colder climates. These systems typically function intermittently or in response to user commands, which requires dependable and prompt relay switching. In areas with severe winter conditions-such as certain regions in Europe, North America, and Asia-the demand for effective heating systems significantly boosts the requirement for high-quality relays. As the global adoption of EVs continues to rise, the need for robust and high-performance heating relays is anticipated to remain strong, further solidifying the prominence of this segment.
The market is categorized by vehicle type into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. The Passenger Cars segment is at the forefront of the Electric Vehicle (EV) relay market, propelled by the substantial production volume and extensive acceptance of EVs within this category. This segment, which encompasses sedans, hatchbacks, and SUVs, represents the largest share of electric vehicle sales worldwide. The growing consumer demand, coupled with supportive government incentives and policies, is fostering increased adoption, especially in major markets such as China, Europe, and North America. In contrast to commercial vehicles, passenger cars are closely associated with everyday personal transportation, establishing them as the most significant and swiftly growing segment in the EV market. As global EV adoption continues to escalate, particularly in the personal vehicle domain, the prominence of the passenger car segment is anticipated to persist.
The market is divided into two sales channels: OEM and Aftermarket. The OEM segment currently leads the EV Relays market, primarily due to its involvement in the incorporation of relays into the production of new vehicles, compliance with rigorous quality standards, and substantial volume-based supply agreements. Conversely, the aftermarket segment is expected to experience consistent growth, driven by the increasing number of electric vehicles in operation, the aging of existing EV fleets, and the growing network of independent repair and service providers.
Electric Vehicle Relays Market- Geographical Insights
The Asia Pacific region is at the forefront of market growth, driven by the expansion of charging infrastructure. To accommodate the increasing electric vehicle (EV) fleet, both governmental and private entities in Asia Pacific are making substantial investments in public and private charging stations, which depend on dependable relays for safe and efficient power switching. As of July 2024, China remains the global leader in public EV charging infrastructure, with over 3.2 million public charging points, comprising approximately 1.43 million AC and 1.78 million DC charge points. Europe ranks as the second largest region for market growth, supported by a robust automotive supply chain ecosystem that facilitates relay manufacturing.
The competitive environment of the Electric Vehicle (EV) Relays market is defined by numerous global and regional participants who emphasize innovation, quality, and strategic collaborations with automotive manufacturers. Major competitors strive to excel in product performance, reliability, customization options, and cost efficiency. Prominent firms allocate substantial resources to research and development to create compact, robust, and high-performance relays designed for the changing architectures of EVs. Some companies opt for acquisitions to improve their technological expertise and expand their product offerings, while also enhancing their manufacturing and distribution networks in critical EV markets such as China, Europe, and North America.
Panasonic Industry, a prominent producer of electronic components, has unveiled its newest relay, the HE-R, which has been subjected to improved short circuit testing to provide a dependable and secure solution for clients in the electric vehicle charging sector.
On April 24, 2019, TE Connectivity (TE), a global leader in connectivity and sensor technology, entered into a definitive agreement to acquire the Kissling group of companies (referred to as Kissling or the Kissling Group), which specializes in high-power relays and durable switches utilized across various sectors including commercial vehicles, transportation, industrial applications, military, and aviation.