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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1228212

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PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1228212

Relay Market by Type (Electromechanical, Thermal, Reed, Time, PhotoMOSFET, Solid State, MEMS), Application, Voltage Range (Low, Medium, High), Mounting Type (Panel, PCB, DIN Rail, Plug-In) and Region - Global Forecast to 2030

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Table of Contents

The relay market size is estimated to be USD 9.0 billion by 2022 and is projected to reach USD 14.7 billion by 2030, at a CAGR of 6.3%. With rising automation and technology upgrades in industries, the demand for devices with control and protection functions has increased. Timing relays are control devices that provide time-based control, which allows users to close or open contacts based on a particular timing function. These relays find application in industrial control logic circuits for flashing light control, furnace safety purge control, engine auto start control, and motor soft start delay control. Relays are deployed in a wide range of industries such as water and wastewater, automotive, cement, and food and beverage. Equipment such as motors, starters, and pumps are used while carrying out operations in these end-user industries. Relays are fixed to such equipment to achieve certain time delays. Relays provide optimum time sequences, error indications, selective shutdown, and are flexible and easy to handle even in small distribution boxes. The increasing demand for control devices is driving the global relay market.

"Electromechanical Relay: The largest- growing segment of the relay market"

Based on by type of relay , the Electromechanical Relay is estimated to be the largest-growing market from 2022 to 2030. Rising energy prices are driving the demand for advanced electromechanical relays to reduce power consumption. The rising number of renewable energy projects is also fueling the demand for high-capacity electromechanical relays, thus positively impacting the growth of the global relay market. Increasing demand for electromechanical relays due to their low cost, long operation life, less power consumption, and easy maintenance is augmenting the market growth. Companies such as Schneider Electric and ABB are engaged in providing electromechanical relays.

"Automotive industry: The largest segment by application in relay market"

The Automotive segment, by application, is projected to hold the largest market share during the forecast period. Relays in automobiles enable a small current flow circuit to control and operate a higher current circuit in various applications. Common locations of relays include within the engine, lighting, steering, and air conditioner. There are multiple applications of relays in automobiles for example, Door Lock, Power Window, Sunroof, Power & Heated Seat, EPS, Exterior Lighting, Fuel Injection, Air Conditioner, Starter, ABS, Traction Control System, Cooling Fan Control, and Engine Management Modules. Therefore, relays will witness high demand during the forecast period.

"High Voltage Relays: The fastest segment by voltage-range in relay market"

The High Voltage segment, by voltage-range, is projected to hold the fastest market share during the forecast period. New transmission line projects in the Asia Pacific will likely propel the high-voltage relays market. Owing to their high voltage range (33 kV and above), high voltage relays are widely used in high voltage substations and other high voltage transmission infrastructure. The segment is expected to grow in the Asia Pacific region, where new transmission lines are being erected as a part of the Electricity for All Scheme. Growth in North America and Europe is driven by the upgradation of existing transmission infrastructure to accommodate future hikes in renewable energy in the grid. Schweitzer Engineering, ABB, AMETEK, and Arcteq are some of the key manufacturers of the high-voltage relay in the market.

"Europe: The second largest-growing region in relay market"

Europe is estimated to hold the second-largest market share in the relay market. The increased investment in renewables, in addition to the deployment of new power generation facilities, refurbishment of existing power plants, high demand for automobiles and home appliances, and the installation of new transmission and distribution infrastructure in the region is expected to drive the market for relays during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3- 11%

By Designation: C-Level- 30%, Director Level- 25%, and Others- 45%

By Region: Asia Pacific- 45%, North America- 25%, Europe- 20%, and RoW - 10%.

Note: Others includes sales managers, engineers, and regional managers.

Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The leading players in the relay market include ABB (Switzerland), Schneider Electric (France), Legrand (France), Eaton (Ireland), and Cisco Systems (US),

Research Coverage:

The report explains, describes, and forecasts the global relay market, by type, by application, by voltage range, by mounting type, and region.

It also offers a detailed qualitative and quantitative analysis of the relay market. The report provides a thorough review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the relay market.

Key Benefits of Buying the Report

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the relay market and provides them information on key market drivers, restraints, challenges, and opportunities.

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Product Code: EP 8558

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 INCLUSIONS AND EXCLUSIONS
    • 1.3.1 RELAY MARKET, BY VOLTAGE RANGE
    • 1.3.2 RELAY MARKET, BY TYPE
    • 1.3.3 RELAY MARKET, BY APPLICATION
    • 1.3.4 RELAY MARKET, BY MOUNTING TYPE
    • 1.3.5 RELAY MARKET, BY REGION
  • 1.4 MARKET SCOPE
    • 1.4.1 RELAY MARKET SEGMENTATION
    • 1.4.2 REGIONAL SCOPE
  • 1.5 YEARS CONSIDERED
  • 1.6 CURRENCY CONSIDERED
  • 1.7 LIMITATIONS
  • 1.8 RECESSION IMPACT
  • 1.9 STAKEHOLDERS

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 1 RELAY MARKET: RESEARCH DESIGN
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 2 DATA TRIANGULATION
    • 2.2.1 SECONDARY DATA
      • 2.2.1.1 Key data from secondary sources
    • 2.2.2 PRIMARY DATA
      • 2.2.2.1 Breakdown of primaries
      • 2.2.2.2 Key data from primary sources
    • FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    • FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR RELAYS
  • 2.3 MARKET SIZE ESTIMATION
    • 2.3.1 BOTTOM-UP APPROACH
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    • 2.3.2 TOP-DOWN APPROACH
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    • 2.3.3 DEMAND-SIDE ANALYSIS
      • 2.3.3.1 Regional analysis
      • 2.3.3.2 Country-level analysis
      • 2.3.3.3 Demand-side assumptions
      • 2.3.3.4 Demand-side calculations
    • 2.3.4 SUPPLY-SIDE ANALYSIS
    • FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF RELAYS
    • FIGURE 8 GLOBAL RELAY MARKET: SUPPLY-SIDE ANALYSIS
      • 2.3.4.1 Supply-side calculations
      • 2.3.4.2 Supply-side assumptions
    • 2.3.5 FORECAST

3 EXECUTIVE SUMMARY

    • TABLE 1 RELAY MARKET SNAPSHOT
    • FIGURE 9 ELECTROMECHANICAL SEGMENT TO DOMINATE RELAY MARKET, BY TYPE, DURING FORECAST PERIOD
    • FIGURE 10 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF RELAY MARKET DURING FORECAST PERIOD
    • FIGURE 11 LOW SEGMENT TO CAPTURE LARGEST SHARE OF RELAY MARKET, BY VOLTAGE RANGE, DURING FORECAST PERIOD
    • FIGURE 12 PANEL SEGMENT TO LEAD RELAY MARKET, BY MOUNTING TYPE, DURING FORECAST PERIOD
    • FIGURE 13 ASIA PACIFIC DOMINATED RELAY MARKET IN 2021

4 PREMIUM INSIGHTS

  • 4.1 ATTRACTIVE OPPORTUNITIES FOR RELAY MARKET PLAYERS
    • FIGURE 14 INCREASING DEMAND FOR CONTROL DEVICES IN END-USER INDUSTRIES LIKELY TO DRIVE RELAY MARKET DURING 2022-2030
  • 4.2 ASIA PACIFIC: RELAY MARKET, BY TYPE AND COUNTRY, 2021
    • FIGURE 15 ELECTROMECHANICAL AND REST OF ASIA PACIFIC SEGMENTS HELD LARGEST SHARE OF ASIA PACIFIC RELAY MARKET IN 2021
  • 4.3 RELAY MARKET, BY REGION
    • FIGURE 16 RELAY MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • 4.4 RELAY MARKET, BY TYPE
    • FIGURE 17 ELECTROMECHANICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
  • 4.5 RELAY MARKET, BY APPLICATION
    • FIGURE 18 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
  • 4.6 RELAY MARKET, BY VOLTAGE RANGE
    • FIGURE 19 LOW (UP TO 1 KV) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
  • 4.7 RELAY MARKET, BY MOUNTING TYPE
    • FIGURE 20 PANEL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 21 MARKET DYNAMICS FOR RELAY MARKET
    • 5.2.1 DRIVERS
      • 5.2.1.1 Rising investments in renewable energy generation
    • FIGURE 22 GLOBAL RENEWABLE CAPACITY ADDITION, 2019-2024 (GW)
      • 5.2.1.2 Increasing demand for control devices in end-user industries
    • FIGURE 23 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, 2016-2022
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 Volatility in raw material prices
      • 5.2.2.2 Increasing competition from unorganized sector
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Increasing power demand and investments in smart grid infrastructure
    • FIGURE 24 INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION, 2016-2021
      • 5.2.3.2 Rising demand for HVAC applications
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Cybersecurity issues associated with time relays
      • 5.2.4.2 Lack of investment by governments in grid stability
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    • 5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR GLOBAL RELAY MARKET
    • FIGURE 25 REVENUE SHIFTS FOR RELAY PROVIDERS
  • 5.4 MARKET MAP
    • FIGURE 26 MARKET MAP: GLOBAL RELAY MARKET
    • TABLE 2 RELAY MARKET: ROLE IN ECOSYSTEM
  • 5.5 VALUE CHAIN ANALYSIS
    • FIGURE 27 VALUE CHAIN ANALYSIS: GLOBAL RELAY MARKET
    • 5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS
    • 5.5.2 COMPONENT MANUFACTURERS
    • 5.5.3 RELAY MANUFACTURERS/ASSEMBLERS
    • 5.5.4 DISTRIBUTORS
    • 5.5.5 END USERS
    • 5.5.6 POST-SALES SERVICE PROVIDERS
  • 5.6 TECHNOLOGY ANALYSIS
    • 5.6.1 MICROPROCESSOR-BASED DIGITAL RELAYS
  • 5.7 PRICING ANALYSIS
    • 5.7.1 AVERAGE SELLING PRICE OF RELAYS
    • TABLE 3 AVERAGE SELLING PRICE OF RELAYS, 2021
  • 5.8 KEY CONFERENCES AND EVENTS, 2022-2024
    • TABLE 4 GLOBAL RELAY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
  • 5.9 TARIFFS, CODES, AND REGULATIONS
    • 5.9.1 TARIFFS RELATED TO RELAYS
    • TABLE 5 IMPORT TARIFFS FOR HS 853690 LOW-VOLTAGE PROTECTION EQUIPMENT, 2019
    • TABLE 6 IMPORT TARIFFS FOR HS 8535 HIGH-VOLTAGE PROTECTION EQUIPMENT, 2019
  • 5.10 TRADE ANALYSIS
    • 5.10.1 TRADE DATA RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE EXCEEDING 1,000 VOLTS
    • 5.10.2 IMPORT SCENARIO
    • TABLE 7 IMPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019-2021 (USD)
    • 5.10.3 EXPORT SCENARIO
    • TABLE 8 EXPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019-2021 (USD)
    • 5.10.4 TRADE DATA RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE NOT EXCEEDING 1,000 VOLTS
    • 5.10.5 IMPORT SCENARIO
    • TABLE 9 IMPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019-2021 (USD)
    • 5.10.6 EXPORT SCENARIO
    • TABLE 10 EXPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019-2021 (USD)
    • 5.10.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 14 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.10.8 CODES AND REGULATIONS RELATED TO RELAYS
    • TABLE 15 RELAY MARKET: CODES AND REGULATIONS
  • 5.11 PATENT ANALYSIS
    • TABLE 16 RELAY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2021-MAY 2022
  • 5.12 PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 28 PORTER'S FIVE FORCES ANALYSIS FOR RELAY MARKET
    • TABLE 17 RELAY MARKET: PORTER'S FIVE FORCES ANALYSIS
    • 5.12.1 THREAT OF SUBSTITUTES
    • 5.12.2 BARGAINING POWER OF SUPPLIERS
    • 5.12.3 BARGAINING POWER OF BUYERS
    • 5.12.4 THREAT OF NEW ENTRANTS
    • 5.12.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    • 5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 29 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
    • TABLE 18 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • 5.14 BUYING CRITERIA
    • FIGURE 30 BUYING CRITERIA FOR TOP THREE APPLICATIONS
    • TABLE 19 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • 5.15 CASE STUDY ANALYSIS
    • 5.15.1 RELIANCE UPGRADES TO MORE ROBUST RELAYS FOR CRITICAL APPLICATIONS
      • 5.15.1.1 Problem statement
      • 5.15.1.2 Solution
    • 5.15.2 LITTELFUSE ARC-FLASH RELAY REDUCES CRITICAL ISSUES WITH ELECTRICAL HAZARDS IN PLANT
      • 5.15.2.1 Problem statement
      • 5.15.2.2 Solution

6 RELAY MARKET, BY TYPE

  • 6.1 INTRODUCTION
    • FIGURE 31 RELAY MARKET SHARE (VALUE), BY TYPE, 2021
    • TABLE 20 RELAY MARKET, BY TYPE, 2020-2030 (USD MILLION)
  • 6.2 ELECTROMECHANICAL
    • 6.2.1 LOW COST, LONG LIFE, LOW POWER CONSUMPTION, AND EASY MAINTENANCE TO DRIVE ELECTROMECHANICAL RELAY MARKET
    • TABLE 21 ELECTROMECHANICAL: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 6.3 THERMAL
    • 6.3.1 ASIA PACIFIC PROJECTED TO BE LARGEST AND FASTEST-GROWING MARKET FOR THERMAL RELAYS
    • TABLE 22 THERMAL: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 6.4 REED
    • 6.4.1 TREND OF MINIATURIZATION AND AUTOMATION TO CONTRIBUTE TO REED RELAY MARKET GROWTH
    • TABLE 23 REED: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 6.5 TIME
    • 6.5.1 GROWING INVESTMENTS IN POWER GENERATION SECTOR TO SUPPORT MARKET GROWTH
    • TABLE 24 TIME: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 6.6 SOLID STATE (PHOTO METAL-OXIDE-SEMICONDUCTOR FIELD EFFECT TRANSISTOR {MOSFET} RELAY)
    • 6.6.1 GROWING MODERNIZATION OF ELECTRIC CARS TO FUEL SOLID-STATE RELAY MARKET
    • TABLE 25 SOLID STATE: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 6.7 OTHERS
    • TABLE 26 OTHERS: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)

7 RELAY MARKET, BY VOLTAGE RANGE

  • 7.1 INTRODUCTION
    • FIGURE 32 RELAY MARKET SHARE (VALUE), BY VOLTAGE RANGE, 2021
    • TABLE 27 RELAY MARKET, BY VOLTAGE RANGE, 2020-2030 (USD MILLION)
  • 7.2 LOW
    • 7.2.1 EXTENSIVE USE OF LOW-VOLTAGE RELAYS FOR INDUSTRIAL AND COMMERCIAL APPLICATIONS LIKELY TO BOOST MARKET
    • TABLE 28 LOW: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 7.3 MEDIUM
    • 7.3.1 INCREASED ELECTRICITY DISTRIBUTION NETWORK UPGRADES TO DRIVE DEMAND FOR MEDIUM-VOLTAGE RELAYS
    • TABLE 29 MEDIUM: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 7.4 HIGH
    • 7.4.1 NEW TRANSMISSION LINE PROJECTS IN ASIA PACIFIC TO PROPEL MARKET FOR HIGH-VOLTAGE RELAYS
    • TABLE 30 HIGH: RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)

8 RELAY MARKET, BY REGION

  • 8.1 INTRODUCTION
    • FIGURE 33 REGIONAL SNAPSHOT: ASIA PACIFIC RELAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    • FIGURE 34 GLOBAL RELAY MARKET SHARE (VALUE), BY REGION, 2021
    • TABLE 31 GLOBAL RELAY MARKET, BY REGION, 2020-2030 (USD MILLION)
  • 8.2 ASIA PACIFIC
    • FIGURE 35 ASIA PACIFIC: RELAY MARKET SNAPSHOT
    • 8.2.1 RECESSION IMPACT: ASIA PACIFIC
    • 8.2.2 BY TYPE
    • TABLE 32 ASIA PACIFIC: RELAY MARKET, BY TYPE, 2020-2030 (USD MILLION)
    • 8.2.3 BY APPLICATION
    • TABLE 33 ASIA PACIFIC: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 34 ASIA PACIFIC: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 35 ASIA PACIFIC: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
    • 8.2.4 BY VOLTAGE RANGE
    • TABLE 36 ASIA PACIFIC: RELAY MARKET, BY VOLTAGE RANGE, 2020-2030 (USD MILLION)
    • 8.2.5 BY MOUNTING TYPE
    • TABLE 37 ASIA PACIFIC: RELAY MARKET, BY MOUNTING TYPE, 2020-2030 (USD MILLION)
    • 8.2.6 BY COUNTRY
    • TABLE 38 ASIA PACIFIC: RELAY MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
      • 8.2.6.1 China
        • 8.2.6.1.1 Increased industrial activities and growth in manufacturing sector to drive market
    • TABLE 39 CHINA: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 40 CHINA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 41 CHINA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.2.6.2 India
        • 8.2.6.2.1 Heightened demand from power generation and manufacturing sectors to propel market
    • TABLE 42 INDIA: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 43 INDIA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 44 INDIA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.2.6.3 Japan
        • 8.2.6.3.1 Growth of EV automotive sector to boost market
    • TABLE 45 JAPAN: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 46 JAPAN: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 47 JAPAN: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.2.6.4 Rest of Asia Pacific
    • TABLE 48 REST OF ASIA PACIFIC: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 49 REST OF ASIA PACIFIC: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 50 REST OF ASIA PACIFIC: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
  • 8.3 EUROPE
    • FIGURE 36 EUROPE: RELAY MARKET SNAPSHOT
    • 8.3.1 RECESSION IMPACT: EUROPE
    • 8.3.2 BY TYPE
    • TABLE 51 EUROPE: RELAY MARKET, BY TYPE, 2020-2030 (USD MILLION)
    • 8.3.3 BY APPLICATION
    • TABLE 52 EUROPE: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 53 EUROPE: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 54 EUROPE: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
    • 8.3.4 BY VOLTAGE RANGE
    • TABLE 55 EUROPE: RELAY MARKET, BY VOLTAGE RANGE, 2020-2030 (USD MILLION)
    • 8.3.5 BY MOUNTING TYPE
    • TABLE 56 EUROPE: RELAY MARKET, BY MOUNTING TYPE, 2020-2030 (USD MILLION)
    • 8.3.6 BY COUNTRY
    • TABLE 57 EUROPE: RELAY MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
      • 8.3.6.1 UK
        • 8.3.6.1.1 Increasing demand from medical device manufacturing companies to push market growth
    • TABLE 58 UK: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 59 UK: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 60 UK: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.3.6.2 Germany
        • 8.3.6.2.1 Intensifying focus on grid expansion to drive market
    • TABLE 61 GERMANY: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 62 GERMANY: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 63 GERMANY: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.3.6.3 Poland
        • 8.3.6.3.1 Investments in automotive sector to accelerate market growth
    • TABLE 64 POLAND: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 65 POLAND: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 66 POLAND: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.3.6.4 France
        • 8.3.6.4.1 Investments in renewable power projects to support relay market growth
    • TABLE 67 FRANCE: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 68 FRANCE: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 69 FRANCE: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.3.6.5 Italy
        • 8.3.6.5.1 Increased production of household appliances to generate demand for relays
    • TABLE 70 ITALY: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 71 ITALY: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 72 ITALY: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.3.6.6 Rest of Europe
    • TABLE 73 REST OF EUROPE: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 74 REST OF EUROPE: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 75 REST OF EUROPE: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
  • 8.4 NORTH AMERICA
    • 8.4.1 RECESSION IMPACT: NORTH AMERICA
    • 8.4.2 BY TYPE
    • TABLE 76 NORTH AMERICA: RELAY MARKET, BY TYPE, 2020-2030 (USD MILLION)
    • 8.4.3 BY APPLICATION
    • TABLE 77 NORTH AMERICA: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 78 NORTH AMERICA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 79 NORTH AMERICA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
    • 8.4.4 BY VOLTAGE RANGE
    • TABLE 80 NORTH AMERICA: RELAY MARKET, BY VOLTAGE RANGE, 2020-2030 (USD MILLION)
    • 8.4.5 BY MOUNTING TYPE
    • TABLE 81 NORTH AMERICA: RELAY MARKET, BY MOUNTING TYPE, 2020-2030 (USD MILLION)
    • 8.4.6 BY COUNTRY
    • TABLE 82 NORTH AMERICA: RELAY MARKET, BY COUNTRY, 2020-2030 (USD MILLION)
      • 8.4.6.1 US
        • 8.4.6.1.1 Modernization of electric infrastructure to induce demand for relays
    • TABLE 83 US: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 84 US: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 85 US: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.4.6.2 Canada
        • 8.4.6.2.1 Investments in electricity utility upgrades to augment market growth
    • TABLE 86 CANADA: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 87 CANADA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 88 CANADA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
      • 8.4.6.3 Mexico
        • 8.4.6.3.1 Demand from industrial sector to contribute to growth of Mexican relay market
    • TABLE 89 MEXICO: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 90 MEXICO: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 91 MEXICO: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
  • 8.5 REST OF THE WORLD
    • 8.5.1 RECESSION IMPACT: REST OF THE WORLD
    • 8.5.2 BY TYPE
    • TABLE 92 REST OF THE WORLD: RELAY MARKET, BY TYPE, 2020-2030 (USD MILLION)
    • 8.5.3 BY APPLICATION
    • TABLE 93 REST OF THE WORLD: RELAY MARKET, BY APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 94 REST OF THE WORLD: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020-2030 (USD MILLION)
    • TABLE 95 REST OF THE WORLD: RELAY MARKET, BY RENEWABLES APPLICATION, 2020-2030 (USD MILLION)
    • 8.5.4 BY VOLTAGE RANGE
    • TABLE 96 REST OF THE WORLD: RELAY MARKET, BY VOLTAGE RANGE, 2020-2030 (USD MILLION)
    • 8.5.5 BY MOUNTING TYPE
    • TABLE 97 REST OF THE WORLD: RELAY MARKET, BY MOUNTING TYPE, 2020-2030 (USD MILLION)

9 COMPETITIVE LANDSCAPE

  • 9.1 OVERVIEW
  • 9.2 STRATEGIES ADOPTED BY KEY PLAYERS
    • TABLE 98 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, APRIL 2019-APRIL 2022
  • 9.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS
    • TABLE 99 RELAY MARKET: DEGREE OF COMPETITION
    • FIGURE 37 RELAY MARKET SHARE ANALYSIS, 2021
  • 9.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS
    • FIGURE 38 TOP PLAYERS IN RELAY MARKET, 2017-2021
  • 9.5 COMPANY EVALUATION QUADRANT
    • 9.5.1 STARS
    • 9.5.2 PERVASIVE PLAYERS
    • 9.5.3 EMERGING LEADERS
    • 9.5.4 PARTICIPANTS
    • FIGURE 39 COMPETITIVE LEADERSHIP MAPPING: RELAY MARKET, 2021
    • 9.5.5 COMPETITIVE BENCHMARKING
    • TABLE 100 RELAY MARKET: DETAILED LIST OF KEY START-UPS/SMES
    • TABLE 101 RELAY MARKET: DETAILED COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES)
  • 9.6 RELAY MARKET: COMPANY FOOTPRINT
    • TABLE 102 COMPANY FOOTPRINT: BY APPLICATION
    • TABLE 103 COMPANY FOOTPRINT: BY MOUNTING TYPE
    • TABLE 104 COMPANY FOOTPRINT: BY VOLTAGE RANGE
    • TABLE 105 COMPANY FOOTPRINT: BY TYPE
    • TABLE 106 COMPANY FOOTPRINT: BY REGION
    • TABLE 107 OVERALL COMPANY FOOTPRINT
  • 9.7 COMPETITIVE SCENARIOS AND TRENDS
    • TABLE 108 RELAY MARKET: PRODUCT LAUNCHES, MAY 2018 - APRIL 2022
    • TABLE 109 RELAY MARKET: DEALS, NOVEMBER 2019-JUNE 2022
    • TABLE 110 RELAY MARKET: OTHER DEVELOPMENTS, JANUARY 2022-JUNE 2022

10 COMPANY PROFILES

  • (Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)**
  • 10.1 KEY PLAYERS
    • 10.1.1 PANASONIC CORPORATION
    • TABLE 111 PANASONIC CORPORATION: COMPANY OVERVIEW
    • FIGURE 40 PANASONIC CORPORATION: COMPANY SNAPSHOT
    • TABLE 112 PANASONIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 113 PANASONIC CORPORATION: PRODUCT LAUNCHES
    • 10.1.2 TE CONNECTIVITY
    • TABLE 114 TE CONNECTIVITY: COMPANY OVERVIEW
    • FIGURE 41 TE CONNECTIVITY: COMPANY SNAPSHOT (2021)
    • TABLE 115 TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 116 TE CONNECTIVITY: PRODUCT LAUNCHES
    • TABLE 117 TE CONNECTIVITY: DEALS
    • TABLE 118 TE CONNECTIVITY: OTHERS
    • 10.1.3 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD.
    • TABLE 119 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD.: BUSINESS OVERVIEW
    • FIGURE 42 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD: COMPANY SNAPSHOT (2021)
    • TABLE 120 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 121 XIAMEN HONGFA AUTOMOTIVE ELECTRONICS CON, LTD.: PRODUCT LAUNCHES
    • TABLE 122 XIAMEN HONGFA AUTOMOTIVE ELECTRONICS CON., LTD.: DEALS
    • 10.1.4 OMRON CORPORATION
    • TABLE 123 OMRON CORPORATION: COMPANY OVERVIEW
    • FIGURE 43 OMRON CORPORATION: COMPANY SNAPSHOT (2021)
    • TABLE 124 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 125 OMRON CORPORATION: PRODUCT LAUNCHES
    • 10.1.5 FUJI ELECTRIC
    • TABLE 126 FUJI ELECTRIC: COMPANY OVERVIEW
    • FIGURE 44 FUJI ELECTRIC: COMPANY SNAPSHOT (2021)
    • TABLE 127 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 128 FUJI ELECTRIC: DEALS
    • TABLE 129 FUJI ELECTRIC: DEALS
    • 10.1.6 ABB
    • TABLE 130 ABB: BUSINESS OVERVIEW
    • FIGURE 45 ABB: COMPANY SNAPSHOT (2021)
    • TABLE 131 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 132 ABB: PRODUCT LAUNCHES
    • TABLE 133 ABB: DEALS
    • TABLE 134 ABB: OTHERS
    • 10.1.7 SCHNEIDER ELECTRIC
    • TABLE 135 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
    • FIGURE 46 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)
    • TABLE 136 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 137 SCHNEIDER ELECTRIC: OTHERS
    • 10.1.8 STANDEX ELECTRONICS
    • TABLE 138 STANDEX ELECTRONICS.: BUSINESS OVERVIEW
    • FIGURE 47 STANDEX ELECTRONICS, INC.: COMPANY SNAPSHOT (2021)
    • TABLE 139 STANDEX ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 140 STANDEX ELECTRONICS: DEALS
    • 10.1.9 LITTELFUSE, INC.
    • TABLE 141 LITTELFUSE, INC.: COMPANY OVERVIEW
    • FIGURE 48 LITTELFUSE, INC.: COMPANY SNAPSHOT (2021)
    • TABLE 142 LITTELFUSE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 143 LITTELFUSE, INC.: PRODUCT LAUNCHES
    • TABLE 144 LITTELFUSE, INC.: DEALS
    • TABLE 145 LITTELFUSE, INC.: OTHERS
    • 10.1.10 SENSATA TECHNOLOGIES
    • TABLE 146 SENSATA TECHNOLOGIES: COMPANY OVERVIEW
    • FIGURE 49 SENSATA TECHNOLOGIES: COMPANY SNAPSHOT (2021)
    • TABLE 147 SENSATA TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 148 SENSATA TECHNOLOGIES: PRODUCT LAUNCHES
    • TABLE 149 SENSATA TECHNOLOGY: DEALS
    • 10.1.11 FUJITSU
    • TABLE 150 FUJITSU: BUSINESS OVERVIEW
    • FIGURE 50 FUJITSU: COMPANY SNAPSHOT (2021)
    • TABLE 151 FUJITSU: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 152 FUJITSU: PRODUCT LAUNCHES
    • 10.1.12 HASCO
    • TABLE 153 HASCO: BUSINESS OVERVIEW
    • TABLE 154 HASCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • 10.1.13 BRIGHT TOWARD INDUSTRIAL CO., LTD.
    • TABLE 155 BRIGHT TOWARD INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
    • TABLE 156 BRIGHT TOWARD INDUSTRIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • 10.1.14 COSMO ELECTRONICS
    • TABLE 157 COSMO ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • 10.1.15 CELDUC
    • TABLE 158 CELDUC: COMPANY OVERVIEW
    • TABLE 159 CELDUC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
    • TABLE 160 CELDUC: OTHERS
    • 10.1.16 RELPOL S.A.
    • TABLE 161 RELPOL S.A.: COMPANY OVERVIEW
    • TABLE 162 RELPOL S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • 10.2 OTHER PLAYERS
    • 10.2.1 CARLO GAVAZZI
    • 10.2.2 COMUS INTERNATIONAL
    • 10.2.3 TELEDYNE DEFENSE ELECTRONICS
    • 10.2.4 WAGO
    • 10.2.5 CARLO GAVAZZI
  • *Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.

11 APPENDIX

  • 11.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 11.2 DISCUSSION GUIDE
  • 11.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 11.4 CUSTOMIZATION OPTIONS
  • 11.5 RELATED REPORTS
  • 11.6 AUTHOR DETAILS
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