PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1795903
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1795903
Global Electric Vehicle Relays Market to Reach US$24.9 Billion by 2030
The global market for Electric Vehicle Relays estimated at US$11.4 Billion in the year 2024, is expected to reach US$24.9 Billion by 2030, growing at a CAGR of 13.9% over the analysis period 2024-2030. Battery Electric Vehicle Propulsion, one of the segments analyzed in the report, is expected to record a 15.6% CAGR and reach US$17.8 Billion by the end of the analysis period. Growth in the Hybrid Electric Vehicle Propulsion segment is estimated at 10.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.1 Billion While China is Forecast to Grow at 18.8% CAGR
The Electric Vehicle Relays market in the U.S. is estimated at US$3.1 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.0% and 12.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.0% CAGR.
Global Electric Vehicle Relays Market - Key Trends & Drivers Summarized
Why Are Relays Critical to EV Power System Operation and Safety?
Electric vehicle relays are electromechanical or solid-state switches that manage the flow of electrical power within various subsystems. They serve to isolate, protect, and control high-voltage circuits involved in battery charging, traction drive, heating, and auxiliary functions. In EVs, relays play a crucial role in preventing short circuits, ensuring safe current flow, and disconnecting systems during fault events.
Their design must meet stringent standards for high-voltage endurance, thermal tolerance, and operational reliability. Unlike relays in conventional vehicles, EV relays handle more complex load conditions due to rapid charge-discharge cycles, regenerative braking, and multiple power conversion processes within the vehicle’s electrical architecture.
What Types and Designs Are Improving Functionality in Electric Vehicles?
EV relays are available in high-voltage DC (HVDC), contactor, and solid-state configurations, each tailored to specific switching needs. HVDC relays are widely used in battery protection circuits, while contactors are used to connect and disconnect battery packs from powertrains during vehicle startup or shutdown.
Emerging designs include gas-filled arc suppression chambers, magnetic blowout mechanisms, and ceramic contact barriers to extend relay lifespan and reduce arc-induced wear. Solid-state relays, while more expensive, offer faster switching speeds, longer operational life, and better resistance to vibration. Some relays are now integrated with current sensing, diagnostic outputs, and fail-safe features for enhanced system monitoring.
Where Is Market Demand Growing Across EV Subsystems and Manufacturers?
Battery management systems, on-board chargers, and traction inverters represent the highest relay utilization areas in electric vehicles. Demand is particularly high in passenger EVs and electric commercial fleets, where safety standards and performance reliability are tightly regulated.
Major automakers and Tier 1 suppliers are sourcing specialized relay units for next-generation EV platforms, including high-voltage architectures above 800V. As vehicle electrification expands to buses, trucks, and two-wheelers, the need for customized relay solutions is broadening across geographic regions. China, Europe, and Japan are key markets with well-developed EV manufacturing ecosystems and component supply chains.
What Is Fueling Growth in the Electric Vehicle Relays Market?
Growth in the electric vehicle relays market is driven by several factors related to EV powertrain complexity, circuit protection needs, and high-voltage safety compliance. Expansion of EV production across light-duty and commercial segments is increasing demand for advanced relays that manage diverse current loads and switching scenarios.
Tightening global standards for electric safety, fault detection, and battery protection are prompting automakers to specify high-reliability relays in both main and auxiliary circuits. Innovation in arc control, miniaturization, and smart switching capabilities is making relays more adaptable to compact EV layouts. As electrification advances and system voltages rise, the need for durable, fast-acting relays continues to grow across every class of electric vehicle.
SCOPE OF STUDY:
The report analyzes the Electric Vehicle Relays market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Propulsion Type (Battery Electric Vehicle Propulsion, Hybrid Electric Vehicle Propulsion); Product (PCB Relay, Plug-in Relay); Vehicle Type (Passenger Car, Commercial Vehicle); Application (Electronic Power Steering Application, Anti-Lock Braking System Application, Door Lock Application, Power Window Application, Air-Conditioner Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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