North America Relay Market Size, Share & Trends Analysis Report By Mounting Type (PCB Mount, Plug In, Din Rail Mount, and Panel Mount), By Type, By End User. By Country and Growth Forecast, 2023

Description

List of Tables

The North America Relay Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 15860.4 thousand units, showcasing a growth of 8.6% (2019-2022).

In the relay market, power generation and distribution are pivotal sectors encompassing a diverse array of end users. Power generation facilities, ranging from traditional fossil fuel-based plants to renewable energy installations like solar and wind farms, rely on relays for crucial functions such as circuit protection, voltage regulation, and control signaling. Therefore, the Canada market used 681.4 thousand units of relays in power generation and distribution sectors in 2022.

The US market dominated the North America Relay Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,045 million by 2030. The Canada market is experiencing a CAGR of 8.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.5% during (2023 - 2030).

The relay market is undergoing a dynamic transformation fueled by technological advancements, increasing demand for energy efficiency, and a growing emphasis on sustainability. Relays, once perceived as simple electromechanical devices, have evolved into sophisticated components, playing a pivotal role in diverse applications across industries. Relays serve as crucial components in electrical systems, acting as switches controlling the flow of electric currents. Their adoption spans various applications, from industrial automation and telecommunications to automotive and aerospace industries.

Additionally, the versatility of relays is reflected in their widespread applications across diverse sectors. The adaptability of relay technology allows for customization to suit specific requirements in different industries. In power systems, relays act as protective devices, detecting faults and abnormalities in electrical circuits. They play a crucial role in preventing equipment damage and ensuring power distribution network stability. Overcurrent, differential, and distance relays are among the types employed to safeguard power infrastructure.

Mexico has been investing significantly in wind and solar power projects to diversify its energy mix and reduce reliance on traditional fossil fuels. Relays are integral components of renewable energy infrastructure's protection and control systems, ensuring the safe and effective operation of solar panels and wind turbines. Therefore, North America's growing renewable energy and telecom sectors will boost the demand for relays in the region.

Based on Mounting Type, the market is segmented into PCB Mount, Plug In, Din Rail Mount, and Panel Mount. Based on Type, the market is segmented into Time Relay, Protection Relay, Monitor & Control Relay, General Purpose Relays, and Others. Based on End User, the market is segmented into Power Generation & Distribution, Industrial Automation, Communication & Technology, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Fujitsu Limited
ABB Ltd.
Broadcom, Inc.
Eaton Corporation PLC
Schneider Electric SE
Siemens AG
TE Connectivity Ltd.
General Electric Company
Rockwell Automation, Inc.
Omron Corporation

North America Relay Market Report Segmentation

By Mounting Type (Volume, Thousand Units, USD Billion, 2019-2030)

PCB Mount
Plug In
Din Rail Mount
Panel Mount

By Type (Volume, Thousand Units, USD Billion, 2019-2030)

Time Relay
Protection Relay
Monitor & Control Relay
General Purpose Relays
Others

By End User (Volume, Thousand Units, USD Billion, 2019-2030)

Power Generation & Distribution
Industrial Automation
Communication & Technology
Automotive
Others

By Country (Volume, Thousand Units, USD Billion, 2019-2030)

US
Canada
Mexico
Rest of North America

Chapter 1.Market Scope & Methodology

1.1Market Definition
1.2Objectives
1.3Market Scope
1.4Segmentation
- 1.4.1North America Relay Market, by Mounting Type
- 1.4.2North America Relay Market, by Type
- 1.4.3North America Relay Market, by End User
- 1.4.4North America Relay Market, by Country
1.5Methodology for the research

Chapter 2.Market at a Glance

2.1Key Highlights

Chapter 3.Market Overview

3.1Introduction
- 3.1.1Overview
  - 3.1.1.1Market Composition and Scenario
3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Opportunities
- 3.2.3Market Restraints
- 3.2.4Market Challenges

Chapter 4.Competition Analysis - Global

4.1KBV Cardinal Matrix
4.2Recent Industry Wide Strategic Developments
- 4.2.1Product Launches and Product Expansions
- 4.2.2Acquisition and Mergers
- 4.2.3Geographical Expansions & Business Expansions
4.3Market Share Analysis, 2022
4.4Top Winning Strategies
- 4.4.1Key Leading Strategies: Percentage Distribution (2019-2024)
- 4.4.2Key Strategic Move: (Product Launches and Product Expansions: 2019, Dec - 2023, Aug) Leading Players
4.5Porter's Five Forces Analysis

Chapter 5.North America Relay Market by Mounting Type

5.1North America PCB Mount Market by Country
5.2North America Plug In Market by Country
5.3North America Din Rail Mount Market by Country
5.4North America Panel Mount Market by Country

Chapter 6.North America Relay Market by Type

6.1North America Time Relay Market by Country
6.2North America Protection Relay Market by Country
6.3North America Monitor & Control Relay Market by Country
6.4North America General Purpose Relays Market by Country
6.5North America Others Market by Country

Chapter 7.North America Relay Market by End User

7.1North America Power Generation & Distribution Market by Country
7.2North America Industrial Automation Market by Country
7.3North America Communication & Technology Market by Country
7.4North America Automotive Market by Country
7.5North America Others Market by Country

Chapter 8.North America Relay Market by Country

8.1US Relay Market
- 8.1.1US Relay Market by Mounting Type
- 8.1.2US Relay Market by Type
- 8.1.3US Relay Market by End User
8.2Canada Relay Market
- 8.2.1Canada Relay Market by Mounting Type
- 8.2.2Canada Relay Market by Type
- 8.2.3Canada Relay Market by End User
8.3Mexico Relay Market
- 8.3.1Mexico Relay Market by Mounting Type
- 8.3.2Mexico Relay Market by Type
- 8.3.3Mexico Relay Market by End User
8.4Rest of North America Relay Market
- 8.4.1Rest of North America Relay Market by Mounting Type
- 8.4.2Rest of North America Relay Market by Type
- 8.4.3Rest of North America Relay Market by End User

Chapter 9.Company Profiles

9.1Fujitsu Limited
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expenses
- 9.1.5Recent strategies and developments:
  - 9.1.5.1Product Launches and Product Expansions:
- 9.1.6SWOT Analysis
9.2ABB Ltd.
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
  - 9.2.5.1Acquisition and Mergers:
  - 9.2.5.2Geographical Expansions:
- 9.2.6SWOT Analysis
9.3Broadcom, Inc.
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expense
- 9.3.5SWOT Analysis
9.4Eaton Corporation PLC
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
  - 9.4.5.1Acquisition and Mergers:
- 9.4.6SWOT Analysis
9.5Schneider Electric SE
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
  - 9.5.5.1Geographical Expansions & Business Expansions:
- 9.5.6SWOT Analysis
9.6Siemens AG
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expense
- 9.6.5Recent strategies and developments:
  - 9.6.5.1Product Launches and Product Expansions:
- 9.6.6SWOT Analysis
9.7TE Connectivity Ltd.
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental and Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5Recent strategies and developments:
  - 9.7.5.1Acquisition and Mergers:
- 9.7.6SWOT Analysis
9.8General Electric Company
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expense
- 9.8.5SWOT Analysis
9.9Rockwell Automation, Inc.
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expenses
- 9.9.5Recent strategies and developments:
  - 9.9.5.1Product Launches and Product Expansions:
- 9.9.6SWOT Analysis
9.10.Omron Corporation
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expenses
- 9.10.5Recent strategies and developments:
  - 9.10.5.1Product Launches and Product Expansions:
- 9.10.6SWOT Analysis

LIST OF TABLES

TABLE 1North America Relay Market, 2019 - 2022, USD Million
TABLE 2North America Relay Market, 2023 - 2030, USD Million
TABLE 3North America Relay Market, 2019 - 2022, Thousand Units
TABLE 4North America Relay Market, 2023 - 2030, Thousand Units
TABLE 5Product Launches And Product Expansions- Relay Market
TABLE 6Acquisition and Mergers- Relay Market
TABLE 7Geographical Expansions & business expansions- Relay Market
TABLE 8North America Relay Market by Mounting Type, 2019 - 2022, USD Million
TABLE 9North America Relay Market by Mounting Type, 2023 - 2030, USD Million
TABLE 10North America Relay Market by Mounting Type, 2019 - 2022, Thousand Units
TABLE 11North America Relay Market by Mounting Type, 2023 - 2030, Thousand Units
TABLE 12North America PCB Mount Market by Country, 2019 - 2022, USD Million
TABLE 13North America PCB Mount Market by Country, 2023 - 2030, USD Million
TABLE 14North America PCB Mount Market by Country, 2019 - 2022, Thousand Units
TABLE 15North America PCB Mount Market by Country, 2023 - 2030, Thousand Units
TABLE 16North America Plug In Market by Country, 2019 - 2022, USD Million
TABLE 17North America Plug In Market by Country, 2023 - 2030, USD Million
TABLE 18North America Plug In Market by Country, 2019 - 2022, Thousand Units
TABLE 19North America Plug In Market by Country, 2023 - 2030, Thousand Units
TABLE 20North America Din Rail Mount Market by Country, 2019 - 2022, USD Million
TABLE 21North America Din Rail Mount Market by Country, 2023 - 2030, USD Million
TABLE 22North America Din Rail Mount Market by Country, 2019 - 2022, Thousand Units
TABLE 23North America Din Rail Mount Market by Country, 2023 - 2030, Thousand Units
TABLE 24North America Panel Mount Market by Country, 2019 - 2022, USD Million
TABLE 25North America Panel Mount Market by Country, 2023 - 2030, USD Million
TABLE 26North America Panel Mount Market by Country, 2019 - 2022, Thousand Units
TABLE 27North America Panel Mount Market by Country, 2023 - 2030, Thousand Units
TABLE 28North America Relay Market by Type, 2019 - 2022, USD Million
TABLE 29North America Relay Market by Type, 2023 - 2030, USD Million
TABLE 30North America Relay Market by Type, 2019 - 2022, Thousand Units
TABLE 31North America Relay Market by Type, 2023 - 2030, Thousand Units
TABLE 32North America Time Relay Market by Country, 2019 - 2022, USD Million
TABLE 33North America Time Relay Market by Country, 2023 - 2030, USD Million
TABLE 34North America Time Relay Market by Country, 2019 - 2022, Thousand Units
TABLE 35North America Time Relay Market by Country, 2023 - 2030, Thousand Units
TABLE 36North America Protection Relay Market by Country, 2019 - 2022, USD Million
TABLE 37North America Protection Relay Market by Country, 2023 - 2030, USD Million
TABLE 38North America Protection Relay Market by Country, 2019 - 2022, Thousand Units
TABLE 39North America Protection Relay Market by Country, 2023 - 2030, Thousand Units
TABLE 40North America Monitor & Control Relay Market by Country, 2019 - 2022, USD Million
TABLE 41North America Monitor & Control Relay Market by Country, 2023 - 2030, USD Million
TABLE 42North America Monitor & Control Relay Market by Country, 2019 - 2022, Thousand Units
TABLE 43North America Monitor & Control Relay Market by Country, 2023 - 2030, Thousand Units
TABLE 44North America General Purpose Relays Market by Country, 2019 - 2022, USD Million
TABLE 45North America General Purpose Relays Market by Country, 2023 - 2030, USD Million
TABLE 46North America General Purpose Relays Market by Country, 2019 - 2022, Thousand Units
TABLE 47North America General Purpose Relays Market by Country, 2023 - 2030, Thousand Units
TABLE 48North America Others Market by Country, 2019 - 2022, USD Million
TABLE 49North America Others Market by Country, 2023 - 2030, USD Million
TABLE 50North America Others Market by Country, 2019 - 2022, Thousand Units
TABLE 51North America Others Market by Country, 2023 - 2030, Thousand Units
TABLE 52North America Relay Market by End User, 2019 - 2022, USD Million
TABLE 53North America Relay Market by End User, 2023 - 2030, USD Million
TABLE 54North America Relay Market by End User, 2019 - 2022, Thousand Units
TABLE 55North America Relay Market by End User, 2023 - 2030, Thousand Units
TABLE 56North America Power Generation & Distribution Market by Country, 2019 - 2022, USD Million
TABLE 57North America Power Generation & Distribution Market by Country, 2023 - 2030, USD Million
TABLE 58North America Power Generation & Distribution Market by Country, 2019 - 2022, Thousand Units
TABLE 59North America Power Generation & Distribution Market by Country, 2023 - 2030, Thousand Units
TABLE 60North America Industrial Automation Market by Country, 2019 - 2022, USD Million
TABLE 61North America Industrial Automation Market by Country, 2023 - 2030, USD Million
TABLE 62North America Industrial Automation Market by Country, 2019 - 2022, Thousand Units
TABLE 63North America Industrial Automation Market by Country, 2023 - 2030, Thousand Units
TABLE 64North America Communication & Technology Market by Country, 2019 - 2022, USD Million
TABLE 65North America Communication & Technology Market by Country, 2023 - 2030, USD Million
TABLE 66North America Communication & Technology Market by Country, 2019 - 2022, Thousand Units
TABLE 67North America Communication & Technology Market by Country, 2023 - 2030, Thousand Units
TABLE 68North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 69North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 70North America Automotive Market by Country, 2019 - 2022, Thousand Units
TABLE 71North America Automotive Market by Country, 2023 - 2030, Thousand Units
TABLE 72North America Others Market by Country, 2019 - 2022, USD Million
TABLE 73North America Others Market by Country, 2023 - 2030, USD Million
TABLE 74North America Others Market by Country, 2019 - 2022, Thousand Units
TABLE 75North America Others Market by Country, 2023 - 2030, Thousand Units
TABLE 76North America Relay Market by Country, 2019 - 2022, USD Million
TABLE 77North America Relay Market by Country, 2023 - 2030, USD Million
TABLE 78North America Relay Market by Country, 2019 - 2022, Thousand Units
TABLE 79North America Relay Market by Country, 2023 - 2030, Thousand Units
TABLE 80US Relay Market, 2019 - 2022, USD Million
TABLE 81US Relay Market, 2023 - 2030, USD Million
TABLE 82US Relay Market, 2019 - 2022, Thousand Units
TABLE 83US Relay Market, 2023 - 2030, Thousand Units
TABLE 84US Relay Market by Mounting Type, 2019 - 2022, USD Million
TABLE 85US Relay Market by Mounting Type, 2023 - 2030, USD Million
TABLE 86US Relay Market by Mounting Type, 2019 - 2022, Thousand Units
TABLE 87US Relay Market by Mounting Type, 2023 - 2030, Thousand Units
TABLE 88US Relay Market by Type, 2019 - 2022, USD Million
TABLE 89US Relay Market by Type, 2023 - 2030, USD Million
TABLE 90US Relay Market by Type, 2019 - 2022, Thousand Units
TABLE 91US Relay Market by Type, 2023 - 2030, Thousand Units
TABLE 92US Relay Market by End User, 2019 - 2022, USD Million
TABLE 93US Relay Market by End User, 2023 - 2030, USD Million
TABLE 94US Relay Market by End User, 2019 - 2022, Thousand Units
TABLE 95US Relay Market by End User, 2023 - 2030, Thousand Units
TABLE 96Canada Relay Market, 2019 - 2022, USD Million
TABLE 97Canada Relay Market, 2023 - 2030, USD Million
TABLE 98Canada Relay Market, 2019 - 2022, Thousand Units
TABLE 99Canada Relay Market, 2023 - 2030, Thousand Units
TABLE 100Canada Relay Market by Mounting Type, 2019 - 2022, USD Million
TABLE 101Canada Relay Market by Mounting Type, 2023 - 2030, USD Million
TABLE 102Canada Relay Market by Mounting Type, 2019 - 2022, Thousand Units
TABLE 103Canada Relay Market by Mounting Type, 2023 - 2030, Thousand Units
TABLE 104Canada Relay Market by Type, 2019 - 2022, USD Million
TABLE 105Canada Relay Market by Type, 2023 - 2030, USD Million
TABLE 106Canada Relay Market by Type, 2019 - 2022, Thousand Units
TABLE 107Canada Relay Market by Type, 2023 - 2030, Thousand Units
TABLE 108Canada Relay Market by End User, 2019 - 2022, USD Million
TABLE 109Canada Relay Market by End User, 2023 - 2030, USD Million
TABLE 110Canada Relay Market by End User, 2019 - 2022, Thousand Units
TABLE 111Canada Relay Market by End User, 2023 - 2030, Thousand Units
TABLE 112Mexico Relay Market, 2019 - 2022, USD Million
TABLE 113Mexico Relay Market, 2023 - 2030, USD Million
TABLE 114Mexico Relay Market, 2019 - 2022, Thousand Units
TABLE 115Mexico Relay Market, 2023 - 2030, Thousand Units
TABLE 116Mexico Relay Market by Mounting Type, 2019 - 2022, USD Million
TABLE 117Mexico Relay Market by Mounting Type, 2023 - 2030, USD Million
TABLE 118Mexico Relay Market by Mounting Type, 2019 - 2022, Thousand Units
TABLE 119Mexico Relay Market by Mounting Type, 2023 - 2030, Thousand Units
TABLE 120Mexico Relay Market by Type, 2019 - 2022, USD Million
TABLE 121Mexico Relay Market by Type, 2023 - 2030, USD Million
TABLE 122Mexico Relay Market by Type, 2019 - 2022, Thousand Units
TABLE 123Mexico Relay Market by Type, 2023 - 2030, Thousand Units
TABLE 124Mexico Relay Market by End User, 2019 - 2022, USD Million
TABLE 125Mexico Relay Market by End User, 2023 - 2030, USD Million
TABLE 126Mexico Relay Market by End User, 2019 - 2022, Thousand Units
TABLE 127Mexico Relay Market by End User, 2023 - 2030, Thousand Units
TABLE 128Rest of North America Relay Market, 2019 - 2022, USD Million
TABLE 129Rest of North America Relay Market, 2023 - 2030, USD Million
TABLE 130Rest of North America Relay Market, 2019 - 2022, Thousand Units
TABLE 131Rest of North America Relay Market, 2023 - 2030, Thousand Units
TABLE 132Rest of North America Relay Market by Mounting Type, 2019 - 2022, USD Million
TABLE 133Rest of North America Relay Market by Mounting Type, 2023 - 2030, USD Million
TABLE 134Rest of North America Relay Market by Mounting Type, 2019 - 2022, Thousand Units
TABLE 135Rest of North America Relay Market by Mounting Type, 2023 - 2030, Thousand Units
TABLE 136Rest of North America Relay Market by Type, 2019 - 2022, USD Million
TABLE 137Rest of North America Relay Market by Type, 2023 - 2030, USD Million
TABLE 138Rest of North America Relay Market by Type, 2019 - 2022, Thousand Units
TABLE 139Rest of North America Relay Market by Type, 2023 - 2030, Thousand Units
TABLE 140Rest of North America Relay Market by End User, 2019 - 2022, USD Million
TABLE 141Rest of North America Relay Market by End User, 2023 - 2030, USD Million
TABLE 142Rest of North America Relay Market by End User, 2019 - 2022, Thousand Units
TABLE 143Rest of North America Relay Market by End User, 2023 - 2030, Thousand Units
TABLE 144Key Information - Fujitsu Limited
TABLE 145Key Information - ABB Ltd.
TABLE 146Key Information - Broadcom, Inc.
TABLE 147Key Information - Eaton Corporation PLC
TABLE 148Key Information - Schneider Electric SE
TABLE 149Key Information - Siemens AG
TABLE 150Key information -TE Connectivity Ltd.
TABLE 151Key Information - General Electric Company
TABLE 152Key Information - Rockwell Automation, Inc.
TABLE 153Key Information - Omron Corporation

North America Relay Market Size, Share & Trends Analysis Report By Mounting Type (PCB Mount, Plug In, Din Rail Mount, and Panel Mount), By Type, By End User. By Country and Growth Forecast, 2023 - 2030