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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217049

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217049

Relays Global Market Report 2023

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PAGES: 175 Pages
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“Relays Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on relays market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for relays ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The relays market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Latching Relay; Solid State Relay; Automotive Relay; Overload Protection Relay; Electromechanical Relay; Other Types

2) By Application: Military; Industrial Automation; Electronics; Others Applications

3) By Voltage: Low; Medium; High

4) By End-User: Utilities; Industrial; Railways; Others (Airports; Hospitals; Commerical Complexs and Data Centers)

Companies Mentioned: Omron; Crydom Corp; Comus International; Eaton; TE Connectivity

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the relays market are: Omron, Crydom Corp, Comus International, Eaton, TE Connectivity, Fujitsu, Fuji Electric, ABB, Teledyne, Hongfa, and Ningbo Forward.

The global relays market will grow from $6.55 billion in 2022 to $6.83 billion in 2023 at a compound annual growth rate (CAGR) of 4.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The relays market is expected to grow to $8.76 billion in 2027 at a CAGR of 6.4%.

The relays market consists of sales of latching relays, solid state relays, automotive relays, overload protection relays, electromechanical relays, and other relays. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Relays are electric switches that use electromagnetism to convert small electrical stimuli into larger currents. Relays make and break circuit contact with the help of a signal without any human involvement to switch it ON or OFF.

Asia Pacific was the largest region in the relays market in 2022. North America was the second-largest region in the relays market. The regions covered in the relays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of relays are latching relay, solid-state relay, automotive relay, overload protection relay, electromechanical relay, and others. A latching relay refers to a relay that retains its contact position after the control power has been removed. Latching relays enable a customer to control a circuit with a single pulse to the relay control circuit. Relays are operated in various voltages including low, me,dium and high. The relays are used for military, industrial automation, electronics, and other applications by utilities, industrial, railways, and other end-users.

Increasing investments in solar energy projects globally are expected to drive the relays market in the forecast period. Relays are used in solar energy projects to cut off high DC voltages. For instance, in September 2021, according to the U.S Department of Agriculture, US-based federal executive department responsible for farming, forestry, and rural economic development, announced the investment of $ 464 million to build and improve renewable energy infrastructure to assist businesses, agricultural producers, and rural communities in the lower 48 states and Puerto Rico in lowering their energy expenses. With an increasing demand for solar energy projects, relay manufacturers are now offering relays compatible with solar energy systems. For instance, Fujitsu is offering relays designed especially for solar applications.

High power consumption by relays and the presence of alternatives such as optocouplers (opt-isolators) are acting as a restraint on the relays market. Relays are used to turn on or turn off a circuit electronically or electromechanically. Relays pose a problem in cases where power consumption needs to be kept minimum. For instance, to switch on a small LED light, the power consumed by the relay could be more than the power consumed by the light. Also, PV solar systems may require larger solar panels and batteries to compensate for the excess power consumption by relays. This increases costs and limits the usage of relays in such applications.

Plug-in relays are increasingly being used in the automotive sector due to their light weight compared to electromechanical relays. These relays can handle high-rated current and operating voltage similar to that of electromechanical type relays. Plug-in relays are being used in automobile applications such as electrically heated catalytic converters, heater controls, windscreen wipers, motors and pumps, and body electronics, such as door locks, seat controls, window lifters, and others. For instance, Omron's plug-in automotive relays that range from 20A to 70A are used in automotive applications such as arter motors, heater controls, windscreen wipers, and any applications that require high continuous current switching.

In May 2021, Standex Electronics, US-based company operating in electronics component manufacturer acquired American Relays, Inc for an undisclosed amount. Through this acquisition, Standex Electronics aims to strengthen its position in the North American relay market. American Relays, Inc is an US-based company in manufacturing of reed switch-based relays.

The countries covered in the relays market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The relays market research report is one of a series of new reports from The Business Research Company that provides relays market statistics, including relays industry global market size, regional shares, competitors with a relays market share, detailed relays market segments, market trends, and opportunities, and any further data you may need to thrive in the relays industry. This relays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r2157

Table of Contents

1. Executive Summary

2. Relays Market Characteristics

3. Relays Market Trends And Strategies

4. Relays Market - Macro Economic Scenario

4.1 COVID-19 Impact On Relays Market

4.2 Ukraine-Russia War Impact On Relays Market

4.3 Impact Of High Inflation On Relays Market

5. Relays Market Size And Growth

  • 5.1. Global Relays Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Relays Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Relays Market Segmentation

  • 6.1. Global Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Latching Relay
  • Solid State Relay
  • Automotive Relay
  • Overload Protection Relay
  • Electromechanical Relay
  • Other Types
  • 6.2. Global Relays Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Military
  • Industrial Automation
  • Electronics
  • Other Applications
  • 6.3. Global Relays Market, Segmentation By Voltage, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Low
  • Medium
  • High
  • 6.4. Global Relays Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Utilities
  • Industrial
  • Railways
  • Others (Airports, Hospitals, Commerical Complexs and Data Centers)

7. Relays Market Regional And Country Analysis

  • 7.1. Global Relays Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Relays Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Relays Market

  • 8.1. Asia-Pacific Relays Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Relays Market

  • 9.1. China Relays Market Overview
  • 9.2. China Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Relays Market

  • 10.1. India Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Relays Market

  • 11.1. Japan Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Relays Market

  • 12.1. Australia Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Relays Market

  • 13.1. Indonesia Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Relays Market

  • 14.1. South Korea Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Relays Market

  • 15.1. Western Europe Relays Market Overview
  • 15.2. Western Europe Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Relays Market

  • 16.1. UK Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Relays Market

  • 17.1. Germany Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Relays Market

  • 18.1. France Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Relays Market

  • 19.1. Eastern Europe Relays Market Overview
  • 19.2. Eastern Europe Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Relays Market

  • 20.1. Russia Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Relays Market

  • 21.1. North America Relays Market Overview
  • 21.2. North America Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Relays Market

  • 22.1. USA Relays Market Overview
  • 22.2. USA Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Relays Market

  • 23.1. South America Relays Market Overview
  • 23.2. South America Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Relays Market

  • 24.1. Brazil Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Relays Market

  • 25.1. Middle East Relays Market Overview
  • 25.2. Middle East Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Relays Market

  • 26.1. Africa Relays Market Overview
  • 26.2. Africa Relays Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Relays Market Competitive Landscape And Company Profiles

  • 27.1. Relays Market Competitive Landscape
  • 27.2. Relays Market Company Profiles
    • 27.2.1. Omron
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Crydom Corp
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Comus International
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Eaton
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. TE Connectivity
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

29. Key Mergers And Acquisitions In The Relays Market

29. Relays Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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