リレー市場 – 2030年までの世界予測

Relay Market - Global Forecast To 2030

リレー市場 - タイプ (電気機械、熱、リード、時間、ソリッドステート)、電圧範囲 (低、中、高)、取り付けタイプ (パネル、PCB、DIN レール、プラグイン)、用途 (保護、モニター、制御)、垂直および地域別 - 2030年までの世界予測
Relay Market by Type (Electromechanical, Thermal, Reed, Time, Solid State), Voltage Range (Low, Medium, High), Mounting Type (Panel, PCB, DIN Rail, Plug-In), Application (Protection, Monitor, Control), Verticals and Region - Global Forecast to 2030

商品番号 : SMB-29049

出版社MarketsandMarkets
出版年月2024年11月
ページ数315
図表数509
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The relay market is expected to grow from an estimated USD 10.12 billion in 2024 to USD 15.20 billion by 2030, at a CAGR of 7.0% during the forecast period.

リレー市場は、2024年の推定101億2,000万米ドルから2030年までに152億米ドルまで、予測期間中に7.0%のCAGRで成長すると予想されています。

The increasing pace of electrification of transport systems both rail and EV, along with installation of proper charging infrastructure demonstrates how critical high performance relays would be in the market. Advanced relays are optimized for efficient power management to achieve high-performance operation and safety in an electric system; smooth energy transfer, protection against faults, and maximum reliability in electrical networks are some of the advantages. As demand for electrified transportation continues to increase, innovative relay technologies will play a critical role in supporting these transitions while at the same time improving operational efficiency and advancing sustainability goals across the transportation sector.

リレー市場 - 2030年までの世界予測
relays-market

“Automotive, by application, is expected to be the largest segment from 2024 to 2030.”

The demand for automotive relays is being driven immensely by the shift towards electric and hybrid vehicles. Relays continue playing a vital role in managing many components of such vehicles, ranging from power train control and management systems to managing electronics through various battery management systems. This trend in itself brings improvements in performance and efficiency of the vehicle, providing safety and enabling greater reliability due to complex electronic systems now involved. With increased reliance on electric drive systems, the function of relays-synonymous with an interface for communication of different electrical circuits-is more important and thus crucial in the future of automotive technology.

“Industrial, by verticals, is expected to be the fastest-growing market from 2024 to 2030”

Demand for the product The raised level of automation in sectors such as manufacturing and energy is what drives demand for relays at a rather high scale. Companies wish to increase efficiency by reducing human error, and this calls for totally automated systems that put to use relays in controlling machines and processes. In such an automated system, relays have a particular role as they ensure smooth communication of signals from different constituents of the system, hence higher response and reliability. Besides, the drive towards smart manufacturing, as well as the implementation of Industry 4.0 principles, further necessitates and speeds up the adoption of sophisticated relay technologies. This shift in production processes would not only maximize efficiency but aid in ensuring safe and efficient energy management in industries as well.

“China to grow at a highest CAGR for Asia Pacific relay market.”

Rapid growth in emerging economies such as India and China contributes largely to the increase in demand for relay systems in a number of sectors. There are industrial applications coupled with residential requirements. Should these economies continue further to expand infrastructure and manufacturing capabilities, then the necessity of dependable and effective electrical systems becomes critical. Relays are very crucial for smooth operation, protection of equipment, and management of power distribution, both in expansion industrial environments with conditions of high demand and in the continued growth of residential developments. This is continuous with urbanization, increases in energy consumption, and smart cities continuing to fuel advanced relay technologies usage.

リレー市場 - 2030年までの世界予測 region
relays-market-region

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the relay market.

  • By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
  • By Designation: C-level Executives – 35%, Director Level- 25%, and Others- 40%
  • By Region: North America – 25%, Europe – 25%, Asia Pacific – 30%, Rest of world – 20%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

The relay market is dominated by a few major players that have a wide regional presence. The leading players in the relay market are Panasonic Holdings Corporation (Japan), HONGFA (China), TE Connectivity (Switzerland), OMRON Corporation (Japan), and GE Vernova Inc. (US), among others. The major strategy adopted by the players includes new product launches, joint ventures, acquisitions, and expansions.

リレー市場 - 2030年までの世界予測 ecosystem
relays-market-ecosystem

Research Coverage:

The report defines, describes, and forecasts the relay market by mounting type, voltage range, type, application, verticals, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product launches, mergers and acquisitions, and recent developments associated with the relay market. Competitive analysis of upcoming startups in the relay market ecosystem is covered in this report.

Reasons to buy this report:

Reasons to buy this report The report will help the market leaders/new entrants relay market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing industrialization, stringent government regulations and increasing need for sustainability in the relay are just a few of the primary drivers propelling the relay market), restraints (high operation and maintenance cost of relay system and high initial investment, limit the market’s expansion), opportunities (advancement in relay technologies and development of sustainable relay solutions), and challenges (limited awareness in the emerging markets) influencing the growth.
  • Product Development/ Innovation: The relaymarket is seeing substantial product development and innovation, driven by rising environmental concerns. Companies are investing in improved relay technology to manufacture advanced relay technologies.
  • Market Development: In January 2022, TE Connectivity acquired a German company named Phoenix Contact Group, one of the global leaders in relay technology. With this acquisition, TE’s extensive relay portfolio for industrial automation, elevator, and rail applications now include a single-pole, force-guided solution. This acquisition aids TE Connectivity in the manufacture and supply of NSR element relays and the delivery of modern safety technology and miniaturized solutions to end-user applications such as robotic control, programmable logic control, and elevator.
  • Market Diversification: In January 2022, TE Connectivity built a new building for Energy Industry Production facility in Mexico. The new building almost doubled TE’s production capacity for solar products, power grid connections, and cable accessories for the expanding renewable energy industry in the Americas. A more dependable and sustainable electricity grid is made possible by the goods produced at this site.
  • Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the relay market, including Panasonic Holdings Corporation (Japan), HONGFA (China), TE Connectivity (Switzerland), OMRON Corporation (Japan), and GE Vernova Inc. (US), among others.

Table of Contents

1            INTRODUCTION            30

1.1         STUDY OBJECTIVES      30

1.2         MARKET DEFINITION   30

1.3         STUDY SCOPE  31

1.3.1      RELAY MARKET SEGMENTATION AND REGIONAL SCOPE          31

1.3.2      YEARS CONSIDERED     32

1.3.3      INCLUSIONS AND EXCLUSIONS 32

1.4         CURRENCY CONSIDERED          33

1.5         UNIT CONSIDERED       34

1.6         LIMITATIONS   34

1.7         STAKEHOLDERS            34

1.8         SUMMARY OF CHANGES            34

2            RESEARCH METHODOLOGY     36

2.1         RESEARCH DATA           36

2.1.1      SECONDARY DATA       37

2.1.1.1   List of key secondary sources           37

2.1.1.2   Key data from secondary sources     37

2.1.2      PRIMARY DATA 38

2.1.2.1   List of primary interview participants             38

2.1.2.2   Key industry insights          38

2.1.2.3   Key data from primary sources         39

2.2         MARKET BREAKDOWN AND DATA TRIANGULATION    40

2.3         MARKET SIZE ESTIMATION       41

2.3.1      BOTTOM-UP APPROACH           41

2.3.2      TOP-DOWN APPROACH             42

2.3.3      DEMAND-SIDE ANALYSIS           43

2.3.3.1   Calculations for demand-side analysis            43

2.3.4      SUPPLY-SIDE ANALYSIS             44

2.3.4.1   Assumptions for supply-side analysis             45

2.3.4.2   Calculations for supply-side analysis 45

2.3.5      GROWTH FORECAST ASSUMPTIONS     45

2.4         RESEARCH LIMITATIONS           46

2.5         RISK ASSESSMENT         46

3            EXECUTIVE SUMMARY 47

4            PREMIUM INSIGHTS      52

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RELAY MARKET              52

4.2         RELAY MARKET, BY REGION      52

4.3         RELAY MARKET, BY TYPE           53

4.4         RELAY MARKET, BY VOLTAGE RANGE  53

4.5         RELAY MARKET, BY MOUNTING TYPE  53

4.6         RELAY MARKET, BY APPLICATION         54

4.7         RELAY MARKET, BY VERTICAL  54

5            MARKET OVERVIEW     55

5.1         INTRODUCTION            55

5.2         MARKET DYNAMICS     55

5.2.1      DRIVERS            56

5.2.1.1   Increasing use of renewable energy  56

5.2.1.2   Growing investment in infrastructure            56

5.2.2      RESTRAINTS     57

5.2.2.1   Volatility in raw material prices        57

5.2.2.2   Competition from alternative technologies    57

5.2.3      OPPORTUNITIES           57

5.2.3.1   Increasing power demand and investment in smart grid infrastructure     57

5.2.3.2   5G network expansion       58

5.2.4      CHALLENGES   58

5.2.4.1   Lack of standardized cybersecurity measures 58

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       59

5.4         PRICING ANALYSIS        59

5.4.1      INDICATIVE PRICING OF RELAYS, BY TYPE, 2023            60

5.4.2      AVERAGE SELLING PRICE TREND OF RELAYS, BY REGION, 2020–2023              60

5.5         SUPPLY CHAIN ANALYSIS          61

5.6         ECOSYSTEM ANALYSIS 62

5.7         TECHNOLOGY ANALYSIS           64

5.7.1      KEY TECHNOLOGIES    64

5.7.1.1   Photomos relays  64

5.7.1.2   Smart relays with loT integration     65

5.7.2      COMPLEMENTARY TECHNOLOGIES     65

5.7.2.1   Advanced sensor technologies          65

5.7.2.2   Automation and control systems      65

5.7.3      ADJACENT TECHNOLOGIES      65

5.7.3.1   Automotive relays 65

5.8         CASE STUDY ANALYSIS 66

5.8.1      MP8000 RELAY PROVIDES MOTOR PROTECTION IN WEST TEXAS

OIL & GAS OPERATIONS             66

5.8.2      USE OF RELAY ENABLES CONTINUOUS NER MONITORING FOR

AUSTRALIAN MINE        66

5.8.3      GE FACILITATES RETROFIT INSTALLATION OF RELAYS

FOR WATER DEPARTMENT       67

5.9         PATENT ANALYSIS        68

5.10       TRADE ANALYSIS          71

5.10.1    EXPORT SCENARIO (HS CODE 853649)  71

5.10.2    IMPORT SCENARIO (HS CODE 853649)  72

5.11       KEY CONFERENCES AND EVENTS, 2024–2025     73

5.12       REGULATORY LANDSCAPE       73

5.12.1    REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 73

5.12.2    GLOBAL REGULATIONS             75

5.13       PORTER’S FIVE FORCES ANALYSIS         76

5.13.1    THREAT OF SUBSTITUTES         77

5.13.2    BARGAINING POWER OF SUPPLIERS     78

5.13.3    BARGAINING POWER OF BUYERS           78

5.13.4    THREAT OF NEW ENTRANTS    78

5.13.5    INTENSITY OF COMPETITIVE RIVALRY 78

5.14       KEY STAKEHOLDERS AND BUYING CRITERIA    78

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         78

5.14.2    BUYING CRITERIA         79

5.15       INVESTMENT AND FUNDING SCENARIO, 2023   80

5.16       IMPACT OF GENERATIVE AI/AI ON RELAY MARKET       80

5.16.1    ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN RELAY MARKET              80

5.16.2    REGION-WISE IMPACT OF GENERATIVE AI/AI ON SUPPLY CHAIN,

BY MOUNTING TYPE    81

5.16.3    IMPACT OF AI ON RELAY MARKET, BY REGION 81

5.17       GLOBAL MACROECONOMIC OUTLOOK             82

5.17.1    INTRODUCTION            82

5.17.2    GDP TRENDS AND FORECAST  82

5.17.3    INFLATION       83

5.17.4    MANUFACTURING VALUE ADDED (% OF GDP) 84

6            RELAY MARKET, BY TYPE           85

6.1         INTRODUCTION            86

6.2         ELECTROMECHANICAL             87

6.2.1      INCREASING USE IN RENEWABLE ENERGY PROJECTS TO DRIVE MARKET            87

6.3         THERMAL         88

6.3.1      GROWING INDUSTRIAL AUTOMATION TO DRIVE DEMAND      88

6.4         REED    89

6.4.1      RISING MINIATURIZATION TREND TO BOOST MARKET             89

6.5         TIME    90

6.5.1      GROWING INVESTMENTS IN POWER GENERATION SECTOR

TO SUPPORT MARKET 90

6.6         SOLID STATE    91

6.6.1      GROWING DEMAND FOR ELECTRIC CARS TO FUEL MARKET    91

6.7         OTHER TYPES  92

7            RELAY MARKET, BY VOLTAGE RANGE  94

7.1         INTRODUCTION            95

7.2         LOW     96

7.2.1      EXTENSIVE USE IN INDUSTRIAL AND COMMERCIAL APPLICATIONS

TO BOOST MARKET      96

7.3         MEDIUM            97

7.3.1      INCREASING ELECTRICITY DISTRIBUTION NETWORK UPGRADES

TO DRIVE DEMAND      97

7.4         HIGH    98

7.4.1      NEW TRANSMISSION LINE PROJECTS IN ASIA PACIFIC TO PROPEL MARKET            98

8            RELAY MARKET, BY MOUNTING TYPE  100

8.1         INTRODUCTION            101

8.2         PANEL 102

8.2.1      NEED TO OPTIMIZE POWER CONSUMPTION TO DRIVE MARKET              102

8.3         PCB       103

8.3.1      GROWING DEMAND IN ELECTRONICS AND MEDICAL SECTORS

TO BOOST MARKET      103

8.4         DIN RAIL           104

8.4.1      RISING NEED FOR COMPACT SYSTEMS TO DRIVE MARKET       104

8.5         PLUG-IN            105

8.5.1      EASE OF REPLACEMENT TO BOOST DEMAND  105

8.6         OTHER MOUNTING TYPES        106

9            RELAY MARKET, BY APPLICATION         108

9.1         INTRODUCTION            109

9.2         PROTECTION   110

9.2.1      GROWING NEED TO SAFEGUARD INDUSTRIAL EQUIPMENT TO BOOST MARKET            110

9.3         MONITORING   111

9.3.1      INCREASING AUTOMATION TO DRIVE DEMAND           111

9.4         CONTROL         112

9.4.1      GROWING USE IN INDUSTRIAL AND COMMERCIAL SETTINGS

TO BOOST MARKET      112

10          RELAY MARKET, BY VERTICAL  113

10.1       INTRODUCTION            114

10.2       INDUSTRIAL     115

10.2.1    RISING ADOPTION OF IOT TO DRIVE MARKET 115

10.2.2    BY INDUSTRY   116

10.2.2.1 Mining   116

10.2.2.1.1            Increasing need to optimize energy consumption

to drive demand   116

10.2.2.2 Semiconductors   117

10.2.2.2.1            Ability to enhance grid resilience to boost demand       117

10.2.2.3 Medical 118

10.2.2.3.1            Rising requirement for remote diagnostic capabilities

to drive market    118

10.2.2.4 Waste treatment  118

10.2.2.4.1            Need for smooth energy recovery to fuel demand         118

10.2.2.5 Food & beverages 119

10.2.2.5.1            Demand for automated packaging processes

to boost market    119

10.2.2.6 Automotive         120

10.2.2.6.1            Increasing demand for EVs to drive market    120

10.2.2.6.2            By type  121

10.2.2.6.2.1         Conventional       121

10.2.2.6.2.2         Electric vehicle (EV)          121

10.3       RESIDENTIAL & COMMERCIAL 121

10.3.1    GOVERNMENT REGULATIONS RELATED TO ENERGY EFFICIENCY

TO DRIVE MARKET       121

10.3.2    BY EQUIPMENT             122

10.3.2.1 Building equipment           122

10.3.2.1.1            Growing demand for smart buildings to propel market 122

10.3.2.2 Household appliances        123

10.3.2.2.1            Rising demand for smart appliances to drive market     123

10.4       ENERGY             124

10.4.1    NEED TO IMPROVE GRID STABILITY TO DRIVE DEMAND          124

10.4.2    BY ENERGY SOURCE     125

10.4.2.1 Conventional       125

10.4.2.1.1            Ability to optimize equipment performance to boost market      125

10.4.2.2 Renewables         126

10.4.2.2.1            Rapid adoption of renewables for electricity generation to fuel market              126

10.4.2.2.2            By type  127

10.4.2.2.2.1         Solar      127

10.4.2.2.2.2         Wind     127

10.4.3    BY END-USE APPLICATION       127

10.4.3.1 Generation          127

10.4.3.1.1            Need for effective load management to drive market    127

10.4.3.2 Transmission & distribution             128

10.4.3.2.1            Increasing investments in infrastructure to drive market            128

10.4.3.2.2            Feeders  129

10.4.3.2.3            Transformers       129

10.4.3.2.4            Busbars  129

10.4.3.2.5            Others   130

10.5       OTHER VERTICALS       130

11          RELAY MARKET, BY REGION      131

11.1       INTRODUCTION            132

11.2       ASIA PACIFIC    134

11.2.1    CHINA  142

11.2.1.1 Expansion of industrial and manufacturing sectors to drive market          142

11.2.2    INDIA   146

11.2.2.1 Rising electricity consumption to fuel market 146

11.2.3    JAPAN  150

11.2.3.1 Increasing preference for EVs to drive market              150

11.2.4    REST OF ASIA PACIFIC  154

11.3       NORTH AMERICA          158

11.3.1    US         166

11.3.1.1 Strict government mandates to drive demand 166

11.3.2    CANADA            170

11.3.2.1 Expansion of automotive and energy sectors to boost market     170

11.3.3    MEXICO             174

11.3.3.1 Focus on renewable energy to accelerate market growth            174

11.4       EUROPE             178

11.4.1    UK         185

11.4.1.1 Increasing demand in medical device industry to drive market   185

11.4.2    GERMANY         189

11.4.2.1 Intensifying focus on grid expansion to drive market    189

11.4.3    POLAND            194

11.4.3.1 Investments in automotive sector to accelerate market growth   194

11.4.4    FRANCE             198

11.4.4.1 Investments in renewable energy projects to support market      198

11.4.5    ITALY   202

11.4.5.1 Increasing production of household appliances to generate demand         202

11.4.6    REST OF EUROPE           206

11.5       ROW     210

11.5.1    MIDDLE EAST & AFRICA             217

11.5.1.1 Rising investments in renewable energy and smart grid technologies to drive market   217

11.5.2    SOUTH AMERICA           218

11.5.2.1 Increasing foreign investments in infrastructure to boost market              218

12          COMPETITIVE LANDSCAPE       219

12.1       OVERVIEW        219

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024     219

12.3       REVENUE ANALYSIS, 2019–2023 221

12.4       MARKET SHARE ANALYSIS, 2023             222

12.5       COMPANY VALUATION AND FINANCIAL METRICS, 2023             224

12.6       TYPE-/VERTICAL-WISE COMPARISON  225

12.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   226

12.7.1    STARS  226

12.7.2    EMERGING LEADERS    226

12.7.3    PERVASIVE PLAYERS     226

12.7.4    PARTICIPANTS 226

12.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      228

12.7.5.1 Company footprint            228

12.7.5.2 Region footprint  229

12.7.5.3 Type footprint     230

12.7.5.4 Mounting type footprint    231

12.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          232

12.8.1    PROGRESSIVE COMPANIES       232

12.8.2    RESPONSIVE COMPANIES          232

12.8.3    DYNAMIC COMPANIES 232

12.8.4    STARTING BLOCKS       232

12.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             234

12.8.5.1 Detailed list of key startups/SMEs   234

12.8.5.2 Competitive benchmarking of key startups/SMEs        235

12.9       COMPETITIVE SCENARIO          236

12.9.1    DEALS  236

12.9.2    EXPANSIONS    237

12.9.3    OTHER DEVELOPMENTS           237

13          COMPANY PROFILES    238

13.1       KEY PLAYERS   238

13.1.1    PANASONIC HOLDINGS CORPORATION            238

13.1.1.1 Business overview 238

13.1.1.2 Products/Solutions/Services offered 239

13.1.1.3 Recent developments         241

13.1.1.3.1            Product launches 241

13.1.1.3.2            Other developments          242

13.1.1.4 MnM view           242

13.1.1.4.1            Key strengths/Right to win 242

13.1.1.4.2            Strategic choices  242

13.1.1.4.3            Weaknesses/Competitive threats     242

13.1.2    HONGFA           243

13.1.2.1 Business overview 243

13.1.2.2 Products/Solutions/Services offered 244

13.1.2.3 Recent developments         246

13.1.2.3.1            Expansions          246

13.1.2.4 MnM view           246

13.1.2.4.1            Key strengths/Right to win 246

13.1.2.4.2            Strategic choices  246

13.1.2.4.3            Weaknesses/Competitive threats     246

13.1.3    TE CONNECTIVITY       247

13.1.3.1 Business overview 247

13.1.3.2 Products/Solutions/Services offered 248

13.1.3.3 Recent developments         250

13.1.3.3.1            Product launches 250

13.1.3.3.2            Deals     251

13.1.3.3.3            Expansions          251

13.1.3.4 MnM view           251

13.1.3.4.1            Key strengths/Right to win 251

13.1.3.4.2            Strategic choices  252

13.1.3.4.3            Weaknesses/Competitive threats     252

13.1.4    OMRON CORPORATION             253

13.1.4.1 Business overview 253

13.1.4.2 Products/Solutions/Services offered 254

13.1.4.3 Recent developments         255

13.1.4.3.1            Product launches 255

13.1.4.4 MnM view           256

13.1.4.4.1            Key strengths/Right to win 256

13.1.4.4.2            Strategic choices  256

13.1.4.4.3            Weaknesses/Competitive threats     256

13.1.5    GE VERNOVA INC.         257

13.1.5.1 Business overview 257

13.1.5.2 Products/Solutions/Services offered 258

13.1.5.3 Recent developments         259

13.1.5.3.1            Developments     259

13.1.5.4 MnM view           259

13.1.5.4.1            Key strengths/Right to win 259

13.1.5.4.2            Strategic choices  259

13.1.5.4.3            Weaknesses/Competitive threats     260

13.1.6    FUJI ELECTRIC CO., LTD.           261

13.1.6.1 Business overview 261

13.1.6.2 Products/Solutions/Services offered 263

13.1.6.3 Recent developments         264

13.1.6.3.1            Expansions          264

13.1.6.4 MnM view           264

13.1.6.4.1            Key strengths/Right to win 264

13.1.6.4.2            Strategic choices  265

13.1.6.4.3            Weaknesses/Competitive threats     265

13.1.7    ABB       266

13.1.7.1 Business overview 266

13.1.7.2 Products/Solutions/Services offered 268

13.1.7.3 Recent developments         269

13.1.7.3.1            Product launches 269

13.1.7.3.2            Expansions          269

13.1.8    SCHNEIDER ELECTRIC 270

13.1.8.1 Business overview 270

13.1.8.2 Products/Solutions/Services offered 271

13.1.8.3 Recent developments         272

13.1.8.3.1            Deals     272

13.1.9    STANDEX ELECTRONICS, INC.  273

13.1.9.1 Business overview 273

13.1.9.2 Products/Solutions/Services offered 275

13.1.9.3 Recent developments         276

13.1.9.3.1            Deals     276

13.1.10  SENSATA TECHNOLOGIES, INC 277

13.1.10.1             Business overview 277

13.1.10.2             Products/Solutions/Services offered 278

13.1.11  SIEMENS            279

13.1.11.1             Business overview 279

13.1.11.2             Products/Solutions/Services offered 280

13.1.11.3             Recent developments         281

13.1.11.3.1          Deals     281

13.1.12  EATON 282

13.1.12.1             Business overview 282

13.1.12.2             Products/Solutions/Services offered 283

13.1.12.3             Recent developments         284

13.1.12.3.1          Deals     284

13.1.13  ROCKWELL AUTOMATION        285

13.1.13.1             Business overview 285

13.1.13.2             Products/Solutions/Services offered 287

13.1.14  MITSUBISHI ELECTRIC CORPORATION 288

13.1.14.1             Business overview 288

13.1.14.2             Products/Solutions/Services offered 290

13.1.15  FCL COMPONENTS LIMITED    291

13.1.15.1             Business overview 291

13.1.15.2             Products/Solutions/Services offered 291

13.1.15.3             Recent developments         292

13.1.15.3.1          Product launches 292

13.1.16  LITTELFUSE, INC.          293

13.1.16.1             Business overview 293

13.1.16.2             Products/Solutions/Services offered 294

13.1.16.3             Recent developments         295

13.1.16.3.1          Product launches 295

13.1.16.3.2          Deals     296

13.1.16.3.3          Expansions          296

13.2       OTHER PLAYERS           297

13.2.1    RELPOL S.A.      297

13.2.2    CELDUC RELAIS             298

13.2.3    COMUS INTERNATIONAL          299

13.2.4    WAGO  300

13.2.5    CARLO GAVAZZI            301

13.2.6    COTO TECHNOLOGY   302

13.2.7    ZETTLER GROUP           302

13.2.8    TELEDYNE TECHNOLOGIES INCORPORATED   303

13.2.9    CIRCUIT INTERRUPTION TECHNOLOGY, INC   303

13.2.10  REFURVO LLC  304

14          APPENDIX         305

14.1       INSIGHTS FROM INDUSTRY EXPERTS   305

14.2       DISCUSSION GUIDE      306

14.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             311

14.4       CUSTOMIZATION OPTIONS      313

14.5       RELATED REPORTS       313

14.6       AUTHOR DETAILS         314

LIST OF TABLES

TABLE 1             RELAY MARKET SNAPSHOT      47

TABLE 2             INDICATIVE PRICING OF RELAYS, BY TYPE, 2023 (USD/UNIT)              60

TABLE 3             AVERAGE SELLING PRICE TREND OF RELAYS, BY REGION, 2020–2023 (USD/UNIT)  61

TABLE 4             RELAY MARKET: ROLE OF COMPANIES IN ECOSYSTEM 63

TABLE 5             RELAY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2019–2023       69

TABLE 6             EXPORT DATA FOR HS CODE 853649-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)       71

TABLE 7             IMPORT SCENARIO FOR HS CODE 853649-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)            72

TABLE 8             RELAY MARKET: KEY CONFERENCES AND EVENTS, 2024–2025              73

TABLE 9             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 73

TABLE 10           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 74

TABLE 11           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 74

TABLE 12           ROW: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 75

TABLE 13           RELAY MARKET: REGULATIONS             75

TABLE 14           RELAY MARKET: PORTER’S FIVE FORCES ANALYSIS       77

TABLE 15           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VOLTAGE RANGE          79

TABLE 16           KEY BUYING CRITERIA, BY VOLTAGE RANGE    79

TABLE 17           WORLDWIDE GDP GROWTH, HISTORICAL VS. PROJECTED,

2021–2028 (USD TRILLION)        82

TABLE 18           INFLATION RATE, ANNUAL PERCENTAGE CHANGE, 2024              83

TABLE 19           MANUFACTURING VALUE ADDED (% OF GDP), 2023     84

TABLE 20           RELAY MARKET, BY TYPE, 2020–2023 (USD MILLION)     86

TABLE 21           RELAY MARKET, BY TYPE, 2024–2030 (USD MILLION)     87

TABLE 22           ELECTROMECHANICAL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)     87

TABLE 23           ELECTROMECHANICAL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)     88

TABLE 24           THERMAL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          88

TABLE 25           THERMAL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          89

TABLE 26           REED: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              89

TABLE 27           REED: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              90

TABLE 28           TIME: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              90

TABLE 29           TIME: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              91

TABLE 30           SOLID STATE: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          91

TABLE 31           SOLID STATE: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          92

TABLE 32           OTHER TYPES: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          92

TABLE 33           OTHER TYPES: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          93

TABLE 34           RELAY MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)          95

TABLE 35           RELAY MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)          96

TABLE 36           LOW: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              96

TABLE 37           LOW: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              97

TABLE 38           MEDIUM: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          97

TABLE 39           MEDIUM: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          98

TABLE 40           HIGH: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              98

TABLE 41           HIGH: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              99

TABLE 42           RELAY MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)          101

TABLE 43           RELAY MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)          102

TABLE 44           PANEL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              102

TABLE 45           PANEL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              103

TABLE 46           PCB: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              103

TABLE 47           PCB: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              104

TABLE 48           DIN RAIL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          104

TABLE 49           DIN RAIL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          105

TABLE 50           PLUG-IN: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          105

TABLE 51           PLUG-IN: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          106

TABLE 52           OTHER MOUNTING TYPES: RELAY MARKET, BY REGION,

2020–2023 (USD MILLION)          106

TABLE 53           OTHER MOUNTING TYPES: RELAY MARKET, BY REGION,

2024–2030 (USD MILLION)          107

TABLE 54           RELAY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)              109

TABLE 55           RELAY MARKET, BY APPLICATION, 2024–2030 (USD MILLION)              109

TABLE 56           PROTECTION: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          110

TABLE 57           PROTECTION: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          110

TABLE 58           MONITORING: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          111

TABLE 59           MONITORING: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          111

TABLE 60           CONTROL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          112

TABLE 61           CONTROL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          112

TABLE 62           RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)              114

TABLE 63           RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)              114

TABLE 64           INDUSTRIAL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          115

TABLE 65           INDUSTRIAL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          115

TABLE 66           MINING: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          116

TABLE 67           MINING: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          116

TABLE 68           SEMICONDUCTORS: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION) 117

TABLE 69           SEMICONDUCTORS: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION) 117

TABLE 70           MEDICAL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          118

TABLE 71           MEDICAL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          118

TABLE 72           WASTE TREATMENT: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION) 119

TABLE 73           WASTE TREATMENT: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION) 119

TABLE 74           FOOD & BEVERAGES: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION) 120

TABLE 75           FOOD & BEVERAGES: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION) 120

TABLE 76           AUTOMOTIVE: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          120

TABLE 77           AUTOMOTIVE: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          121

TABLE 78           RESIDENTIAL & COMMERCIAL: RELAY MARKET, BY REGION,

2020–2023 (USD MILLION)          122

TABLE 79           RESIDENTIAL & COMMERCIAL: RELAY MARKET, BY REGION,

2024–2030 (USD MILLION)          122

TABLE 80           BUILDING EQUIPMENT: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)     123

TABLE 81           BUILDING EQUIPMENT: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)     123

TABLE 82           HOUSEHOLD APPLIANCES: RELAY MARKET, BY REGION,

2020–2023 (USD MILLION)          123

TABLE 83           HOUSEHOLD APPLIANCES: RELAY MARKET, BY REGION,

2024–2030 (USD MILLION)          124

TABLE 84           ENERGY: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          124

TABLE 85           ENERGY: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          125

TABLE 86           CONVENTIONAL: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          125

TABLE 87           CONVENTIONAL: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          126

TABLE 88           RENEWABLES: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          126

TABLE 89           RENEWABLES: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          127

TABLE 90           GENERATION: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)          128

TABLE 91           GENERATION: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)          128

TABLE 92          TRANSMISSION & DISTRIBUTION: RELAY MARKET, BY REGION,

2020–2023 (USD MILLION)          128

TABLE 93          TRANSMISSION & DISTRIBUTION: RELAY MARKET, BY REGION,

2024–2030 (USD MILLION)          129

TABLE 94           OTHER VERTICALS: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION) 130

TABLE 95           OTHER VERTICALS: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION) 130

TABLE 96           RELAY MARKET, BY REGION, 2020–2023 (USD MILLION) 133

TABLE 97           RELAY MARKET, BY REGION, 2024–2030 (USD MILLION) 133

TABLE 98           RELAY MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)              134

TABLE 99           RELAY MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)              134

TABLE 100         ASIA PACIFIC: RELAY MARKET, BY TYPE, 2020–2023 (USD MILLION)          135

TABLE 101         ASIA PACIFIC: RELAY MARKET, BY TYPE, 2024–2030 (USD MILLION)          136

TABLE 102         ASIA PACIFIC: RELAY MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION) 136

TABLE 103         ASIA PACIFIC: RELAY MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION) 136

TABLE 104         ASIA PACIFIC: RELAY MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION) 137

TABLE 105         ASIA PACIFIC: RELAY MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION) 137

TABLE 106         ASIA PACIFIC: RELAY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 137

TABLE 107         ASIA PACIFIC: RELAY MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 137

TABLE 108         ASIA PACIFIC: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          138

TABLE 109         ASIA PACIFIC: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          138

TABLE 110         ASIA PACIFIC: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)         138

TABLE 111         ASIA PACIFIC: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)         138

TABLE 112        ASIA PACIFIC: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          139

TABLE 113        ASIA PACIFIC: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          139

TABLE 114         ASIA PACIFIC: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          139

TABLE 115         ASIA PACIFIC: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          140

TABLE 116         ASIA PACIFIC: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          140

TABLE 117         ASIA PACIFIC: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          140

TABLE 118         ASIA PACIFIC: RELAY MARKET FOR RENEWABLES, BY TYPE,

2020–2023 (USD MILLION)          140

TABLE 119         ASIA PACIFIC: RELAY MARKET FOR RENEWABLES, BY TYPE,

2024–2030 (USD MILLION)          141

TABLE 120         ASIA PACIFIC: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          141

TABLE 121         ASIA PACIFIC: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          141

TABLE 122         ASIA PACIFIC: RELAY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          141

TABLE 123         ASIA PACIFIC: RELAY MARKET, BY COUNTRY, 2024–2030 (USD MILLION)          142

TABLE 124         CHINA: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          142

TABLE 125         CHINA: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          143

TABLE 126         CHINA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          143

TABLE 127         CHINA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          143

TABLE 128         CHINA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          143

TABLE 129         CHINA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          144

TABLE 130         CHINA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          144

TABLE 131         CHINA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          144

TABLE 132         CHINA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          144

TABLE 133         CHINA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          145

TABLE 134         CHINA: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 145

TABLE 135         CHINA: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 145

TABLE 136         CHINA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          145

TABLE 137         CHINA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          146

TABLE 138         INDIA: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          146

TABLE 139         INDIA: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          147

TABLE 140         INDIA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          147

TABLE 141         INDIA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          147

TABLE 142         INDIA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          147

TABLE 143         INDIA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          148

TABLE 144         INDIA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          148

TABLE 145         INDIA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          148

TABLE 146         INDIA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          148

TABLE 147         INDIA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          149

TABLE 148         INDIA: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 149

TABLE 149         INDIA: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 149

TABLE 150         INDIA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          149

TABLE 151         INDIA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          150

TABLE 152         JAPAN: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          150

TABLE 153         JAPAN: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          151

TABLE 154         JAPAN: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          151

TABLE 155         JAPAN: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          151

TABLE 156         JAPAN: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          151

TABLE 157         JAPAN: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          152

TABLE 158         JAPAN: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          152

TABLE 159         JAPAN: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          152

TABLE 160         JAPAN: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          152

TABLE 161         JAPAN: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          153

TABLE 162         JAPAN: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 153

TABLE 163         JAPAN: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 153

TABLE 164         JAPAN: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          153

TABLE 165         JAPAN: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          154

TABLE 166         REST OF ASIA PACIFIC: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)     154

TABLE 167         REST OF ASIA PACIFIC: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)     154

TABLE 168         REST OF ASIA PACIFIC: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2020–2023 (USD MILLION)        155

TABLE 169         REST OF ASIA PACIFIC: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2024–2030 (USD MILLION)        155

TABLE 170         REST OF ASIA PACIFIC: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          155

TABLE 171         REST OF ASIA PACIFIC: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          156

TABLE 172         REST OF ASIA PACIFIC: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)          156

TABLE 173         REST OF ASIA PACIFIC: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)          156

TABLE 174         REST OF ASIA PACIFIC: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          156

TABLE 175         REST OF ASIA PACIFIC: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          157

TABLE 176         REST OF ASIA PACIFIC: RELAY MARKET FOR RENEWABLES, BY TYPE,

2020–2023 (USD MILLION)          157

TABLE 177         REST OF ASIA PACIFIC: RELAY MARKET FOR RENEWABLES, BY TYPE,

2024–2030 (USD MILLION)          157

TABLE 178         REST OF ASIA PACIFIC: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)  157

TABLE 179         REST OF ASIA PACIFIC: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)  158

TABLE 180         NORTH AMERICA: RELAY MARKET, BY TYPE, 2020–2023 (USD MILLION)          158

TABLE 181         NORTH AMERICA RELAY MARKET, BY TYPE, 2024–2030 (USD MILLION)          159

TABLE 182         NORTH AMERICA: RELAY MARKET, BY VOLTAGE RANGE,

2020–2023 (USD MILLION)          159

TABLE 183         NORTH AMERICA: RELAY MARKET, BY VOLTAGE RANGE,

2024–2030 (USD MILLION)          159

TABLE 184         NORTH AMERICA: RELAY MARKET, BY MOUNTING TYPE,

2020–2023 (USD MILLION)          160

TABLE 185         NORTH AMERICA: RELAY MARKET, BY MOUNTING TYPE,

2024–2030 (USD MILLION)          160

TABLE 186         NORTH AMERICA: RELAY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     160

TABLE 187         NORTH AMERICA: RELAY MARKET, BY APPLICATION, 2024–2030 (USD MILLION)     161

TABLE 188         NORTH AMERICA: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 161

TABLE 189         NORTH AMERICA: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 161

TABLE 190         NORTH AMERICA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2020–2023 (USD MILLION)        161

TABLE 191         NORTH AMERICA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2024–2030 (USD MILLION)        162

TABLE 192         NORTH AMERICA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          162

TABLE 193         NORTH AMERICA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          162

TABLE 194         NORTH AMERICA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          163

TABLE 195         NORTH AMERICA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          163

TABLE 196         NORTH AMERICA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          163

TABLE 197         NORTH AMERICA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          163

TABLE 198        NORTH AMERICA: RELAY MARKET FOR RENEWABLES, BY TYPE,

2020–2023 (USD MILLION)          164

TABLE 199        NORTH AMERICA: RELAY MARKET FOR RENEWABLES, BY TYPE,

2024–2030 (USD MILLION)          164

TABLE 200         NORTH AMERICA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          164

TABLE 201         NORTH AMERICA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          164

TABLE 202         NORTH AMERICA: RELAY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 165

TABLE 203         NORTH AMERICA: RELAY MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 165

TABLE 204         US: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)              167

TABLE 205         US: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)              167

TABLE 206         US: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          167

TABLE 207         US: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          167

TABLE 208         US: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION) 168

TABLE 209         US: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION) 168

TABLE 210         US: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          168

TABLE 211         US: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          168

TABLE 212         US: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          169

TABLE 213         US: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          169

TABLE 214         US: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 169

TABLE 215         US: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 169

TABLE 216         US: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          169

TABLE 217         US: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          170

TABLE 218         CANADA: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          170

TABLE 219         CANADA: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          171

TABLE 220         CANADA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)        171

TABLE 221         CANADA: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)        171

TABLE 222         CANADA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          171

TABLE 223         CANADA: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          172

TABLE 224         CANADA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          172

TABLE 225         CANADA: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          172

TABLE 226         CANADA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          172

TABLE 227         CANADA: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          173

TABLE 228         CANADA: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)     173

TABLE 229         CANADA: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)     173

TABLE 230         CANADA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          173

TABLE 231         CANADA: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          174

TABLE 232         MEXICO: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          174

TABLE 233         MEXICO: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          175

TABLE 234         MEXICO: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)        175

TABLE 235         MEXICO: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)        175

TABLE 236         MEXICO: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          175

TABLE 237         MEXICO: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          176

TABLE 238         MEXICO: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          176

TABLE 239         MEXICO: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          176

TABLE 240         MEXICO: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          176

TABLE 241         MEXICO: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          177

TABLE 242         MEXICO: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)     177

TABLE 243         MEXICO: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)     177

TABLE 244         MEXICO: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          177

TABLE 245         MEXICO: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          178

TABLE 246         EUROPE: RELAY MARKET, BY TYPE, 2020–2023 (USD MILLION)              179

TABLE 247         EUROPE: RELAY MARKET, BY TYPE, 2024–2030 (USD MILLION)              179

TABLE 248         EUROPE: RELAY MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION) 179

TABLE 249         EUROPE: RELAY MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION) 180

TABLE 250         EUROPE: RELAY MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION) 180

TABLE 251         EUROPE: RELAY MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION) 180

TABLE 252         EUROPE: RELAY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          180

TABLE 253         EUROPE: RELAY MARKET, BY APPLICATION, 2024–2030 (USD MILLION)          181

TABLE 254         EUROPE: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          181

TABLE 255         EUROPE: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          181

TABLE 256         EUROPE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2020–2023 (USD MILLION)        181

TABLE 257         EUROPE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2024–2030 (USD MILLION)        182

TABLE 258         EUROPE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          182

TABLE 259         EUROPE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          182

TABLE 260         EUROPE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          183

TABLE 261         EUROPE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          183

TABLE 262         EUROPE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          183

TABLE 263         EUROPE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          183

TABLE 264         EUROPE: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)     184

TABLE 265         EUROPE: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)     184

TABLE 266         EUROPE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          184

TABLE 267         EUROPE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          184

TABLE 268         EUROPE: RELAY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          185

TABLE 269         EUROPE: RELAY MARKET, BY COUNTRY, 2024–2030 (USD MILLION)          185

TABLE 270         UK: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)              186

TABLE 271         UK: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)              186

TABLE 272         UK: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          186

TABLE 273         UK: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          187

TABLE 274         UK: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)     187

TABLE 275         UK: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)     187

TABLE 276         UK: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          188

TABLE 277         UK: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          188

TABLE 278         UK: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          188

TABLE 279         UK: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          188

TABLE 280         UK: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 188

TABLE 281         UK: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 189

TABLE 282         UK: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          189

TABLE 283         UK: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          189

TABLE 284         GERMANY: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          190

TABLE 285         GERMANY: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          190

TABLE 286        GERMANY: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)        190

TABLE 287        GERMANY: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)        191

TABLE 288         GERMANY: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          191

TABLE 289         GERMANY: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          191

TABLE 290         GERMANY: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          192

TABLE 291         GERMANY: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          192

TABLE 292         GERMANY: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          192

TABLE 293         GERMANY: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          192

TABLE 294         GERMANY: RELAY MARKET FOR RENEWABLES, BY TYPE,

2020–2023 (USD MILLION)          193

TABLE 295         GERMANY: RELAY MARKET FOR RENEWABLES, BY TYPE,

2024–2030 (USD MILLION)          193

TABLE 296         GERMANY: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          193

TABLE 297         GERMANY: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          193

TABLE 298         POLAND: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          194

TABLE 299         POLAND: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          194

TABLE 300         POLAND: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)        195

TABLE 301         POLAND: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)        195

TABLE 302         POLAND: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          195

TABLE 303         POLAND: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          196

TABLE 304         POLAND: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          196

TABLE 305         POLAND: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          196

TABLE 306         POLAND: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          196

TABLE 307         POLAND: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          197

TABLE 308         POLAND: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)     197

TABLE 309         POLAND: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)     197

TABLE 310         POLAND: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          197

TABLE 311         POLAND: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          198

TABLE 312         FRANCE: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          198

TABLE 313         FRANCE: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          199

TABLE 314         FRANCE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)        199

TABLE 315         FRANCE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)        199

TABLE 316         FRANCE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          199

TABLE 317         FRANCE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          200

TABLE 318         FRANCE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          200

TABLE 319         FRANCE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          200

TABLE 320         FRANCE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          200

TABLE 321         FRANCE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          201

TABLE 322         FRANCE: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)     201

TABLE 323         FRANCE: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)     201

TABLE 324         FRANCE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          201

TABLE 325         FRANCE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          202

TABLE 326         ITALY: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)          202

TABLE 327         ITALY: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)          203

TABLE 328         ITALY: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          203

TABLE 329         ITALY: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          203

TABLE 330         ITALY: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          203

TABLE 331         ITALY: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          204

TABLE 332         ITALY: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          204

TABLE 333         ITALY: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          204

TABLE 334         ITALY: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          204

TABLE 335         ITALY: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          205

TABLE 336         ITALY: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 205

TABLE 337         ITALY: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 205

TABLE 338         ITALY: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2020–2023 (USD MILLION)          205

TABLE 339         ITALY: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY,

2024–2030 (USD MILLION)          206

TABLE 340         REST OF EUROPE: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 207

TABLE 341         REST OF EUROPE: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION) 207

TABLE 342         REST OF EUROPE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2020–2023 (USD MILLION)        207

TABLE 343         REST OF EUROPE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL,

BY EQUIPMENT, 2024–2030 (USD MILLION)        207

TABLE 344         REST OF EUROPE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2020–2023 (USD MILLION)          208

TABLE 345         REST OF EUROPE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY,

2024–2030 (USD MILLION)          208

TABLE 346         REST OF EUROPE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          208

TABLE 347         REST OF EUROPE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          209

TABLE 348         REST OF EUROPE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          209

TABLE 349         REST OF EUROPE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          209

TABLE 350        REST OF EUROPE: RELAY MARKET FOR RENEWABLES, BY TYPE,

2020–2023 (USD MILLION)          209

TABLE 351        REST OF EUROPE: RELAY MARKET FOR RENEWABLES, BY TYPE,

2024–2030 (USD MILLION)          210

TABLE 352         REST OF EUROPE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)  210

TABLE 353         REST OF EUROPE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)  210

TABLE 354         ROW: RELAY MARKET, BY TYPE, 2020–2023 (USD MILLION)              211

TABLE 355         ROW: RELAY MARKET, BY TYPE, 2024–2030 (USD MILLION)              211

TABLE 356         ROW: RELAY MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)          212

TABLE 357         ROW: RELAY MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)          212

TABLE 358         ROW: RELAY MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)          212

TABLE 359         ROW: RELAY MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)          212

TABLE 360         ROW: RELAY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          213

TABLE 361         ROW: RELAY MARKET, BY APPLICATION, 2024–2030 (USD MILLION)          213

TABLE 362         ROW: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)              213

TABLE 363         ROW: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)              213

TABLE 364         ROW: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2020–2023 (USD MILLION)          214

TABLE 365         ROW: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT,

2024–2030 (USD MILLION)          214

TABLE 366         ROW: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)     214

TABLE 367         ROW: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)     215

TABLE 368         ROW: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2020–2023 (USD MILLION)          215

TABLE 369         ROW: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE,

2024–2030 (USD MILLION)          215

TABLE 370         ROW: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2020–2023 (USD MILLION)          215

TABLE 371         ROW: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE,

2024–2030 (USD MILLION)          216

TABLE 372         ROW: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION) 216

TABLE 373         ROW: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION) 216

TABLE 374         ROW: RELAY MARKET FOR END-USE APPLICATION, BY TYPE,

2020–2023 (USD MILLION)          216

TABLE 375         ROW: RELAY MARKET FOR END-USE APPLICATION, BY TYPE,

2024–2030 (USD MILLION)          217

TABLE 376         ROW: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)              217

TABLE 377         ROW: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)              217

TABLE 378         RELAY MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2021–2024       219

TABLE 379         RELAY MARKET: DEGREE OF COMPETITION, 2023         222

TABLE 380         RELAY MARKET: REGION FOOTPRINT  229

TABLE 381         RELAY MARKET: TYPE FOOTPRINT       230

TABLE 382         RELAY MARKET: MOUNTING TYPE FOOTPRINT             231

TABLE 383         RELAY MARKET: LIST OF KEY STARTUPS/SMES 234

TABLE 384         RELAY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES           235

TABLE 385         RELAY MARKET: DEALS, JANUARY 2021–MAY 2024          236

TABLE 386         RELAY MARKET: EXPANSIONS, JANUARY 2021–MAY 2024              237

TABLE 387         RELAY MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2024      237

TABLE 388         PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW        238

TABLE 389         PANASONIC HOLDINGS CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED   239

TABLE 390         PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES       241

TABLE 391         PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS           242

TABLE 392         HONGFA: COMPANY OVERVIEW            243

TABLE 393         HONGFA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              244

TABLE 394         HONGFA: EXPANSIONS 246

TABLE 395         TE CONNECTIVITY: COMPANY OVERVIEW        247

TABLE 396         TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          248

TABLE 397         TE CONNECTIVITY: PRODUCT LAUNCHES        250

TABLE 398         TE CONNECTIVITY: DEALS        251

TABLE 399         TE CONNECTIVITY: EXPANSIONS          251

TABLE 400         OMRON CORPORATION: COMPANY OVERVIEW             253

TABLE 401         OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          254

TABLE 402         OMRON CORPORATION: PRODUCT LAUNCHES             255

TABLE 403         GE VERNOVA INC.: COMPANY OVERVIEW          257

TABLE 404         GE VERNOVA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          258

TABLE 405         GE VERNOVA INC.: DEVELOPMENTS     259

TABLE 406         FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW            261

TABLE 407         FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          263

TABLE 408         FUJI ELECTRIC CO., LTD.: EXPANSIONS 264

TABLE 409         ABB: BUSINESS OVERVIEW        266

TABLE 410         ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED        268

TABLE 411         ABB: PRODUCT LAUNCHES       269

TABLE 412         ABB: EXPANSIONS         269

TABLE 413         SCHNEIDER ELECTRIC: BUSINESS OVERVIEW   270

TABLE 414         SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          271

TABLE 415         SCHNEIDER ELECTRIC: DEALS 272

TABLE 416         STANDEX ELECTRONICS, INC.: BUSINESS OVERVIEW    273

TABLE 417         STANDEX ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   275

TABLE 418         STANDEX ELECTRONICS, INC.: DEALS  276

TABLE 419         SENSATA TECHNOLOGIES, INC: COMPANY OVERVIEW 277

TABLE 420         SENSATA TECHNOLOGIES, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   278

TABLE 421         SIEMENS: COMPANY OVERVIEW            279

TABLE 422         SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              280

TABLE 423         SIEMENS: DEALS            281

TABLE 424         EATON: COMPANY OVERVIEW 282

TABLE 425         EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED  283

TABLE 426         EATON: DEALS 284

TABLE 427         ROCKWELL AUTOMATION: COMPANY OVERVIEW        285

TABLE 428         ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   287

TABLE 429         MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW              288

TABLE 430         MITSUBISHI ELECTRIC CORPORATION:

PRODUCTS/SOLUTIONS/SERVICES OFFERED   290

TABLE 431         FCL COMPONENTS LIMITED: COMPANY OVERVIEW     291

TABLE 432         FCL COMPONENTS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   291

TABLE 433         FCL COMPONENTS LIMITED: PRODUCT LAUNCHES     292

TABLE 434         LITTELFUSE, INC.: COMPANY OVERVIEW           293

TABLE 435         LITTELFUSE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED          294

TABLE 436         LITTELFUSE, INC.: PRODUCT LAUNCHES          295

TABLE 437         LITTELFUSE, INC.: DEALS          296

TABLE 438         LITTELFUSE, INC.: EXPANSIONS             296

TABLE 439         RELPOL S.A.: COMPANY OVERVIEW       297

TABLE 440         CELDUC RELAIS: COMPANY OVERVIEW             298

LIST OF FIGURES

FIGURE 1           RELAY MARKET: RESEARCH DESIGN     36

FIGURE 2           BREAKDOWN OF PRIMARIES     39

FIGURE 3           RELAY MARKET: DATA TRIANGULATION           40

FIGURE 4           RELAY MARKET: BOTTOM-UP APPROACH         41

FIGURE 5           RELAY MARKET: TOP-DOWN APPROACH           42

FIGURE 6           RELAY MARKET: DEMAND-SIDE ANALYSIS        43

FIGURE 7           KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RELAY PROVIDERS       44

FIGURE 8           RELAY MARKET: SUPPLY-SIDE ANALYSIS           44

FIGURE 9           MARKET SHARE ANALYSIS, 2023             45

FIGURE 10         ASIA PACIFIC HELD LARGEST SHARE OF RELAY MARKET IN 2023      48

FIGURE 11         ELECTROMECHANICAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       49

FIGURE 12         LOW VOLTAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 49

FIGURE 13         PANEL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD              50

FIGURE 14         CONTROL SEGMENT TO LEAD RELAY MARKET IN 2030 50

FIGURE 15         INDUSTRIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       51

FIGURE 16         RISING EV DEMAND TO BOOST MARKET DURING FORECAST PERIOD              52

FIGURE 17         ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD              52

FIGURE 18         ELECTROCHEMICAL SEGMENT TO ACCOUNT FOR LARGEST

MARKET SHARE IN 2030 53

FIGURE 19         LOW VOLTAGE SEGMENT TO DOMINATE MARKET IN 2030              53

FIGURE 20         PANEL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD              53

FIGURE 21         PROTECTION SEGMENT TO DOMINATE MARKET IN 2030              54

FIGURE 22         INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030  54

FIGURE 23         RELAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES        55

FIGURE 24         RENEWABLE CAPACITY ADDITION, 2019–2024   56

FIGURE 25         INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION              58

FIGURE 26         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS              59

FIGURE 27         AVERAGE SELLING PRICE TREND OF RELAYS, BY REGION, 2020–2023          60

FIGURE 28         RELAY MARKET: SUPPLY CHAIN ANALYSIS        61

FIGURE 29         RELAY MARKET: ECOSYSTEM ANALYSIS             64

FIGURE 30         RELAY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2014–2023       68

FIGURE 31         EXPORT DATA FOR HS CODE 853649-COMPLIANT PRODUCTS FOR

TOP FIVE COUNTRIES, 2021–2023           71

FIGURE 32         IMPORT DATA FOR HS CODE 853649-COMPLIANT PRODUCTS FOR

TOP FIVE COUNTRIES, 2021–2023           72

FIGURE 33         RELAY MARKET: PORTER’S FIVE FORCES ANALYSIS       77

FIGURE 34         INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY VOLTAGE RANGE          78

FIGURE 35         KEY BUYING CRITERIA, BY VOLTAGE RANGE    79

FIGURE 36         INVESTMENT AND FUNDING SCENARIO, 2023   80

FIGURE 37         IMPACT OF GENERATIVE AI/AI ON SUPPLY CHAIN, BY REGION              81

FIGURE 38         RELAY MARKET SHARE (VALUE), BY TYPE, 2023 86

FIGURE 39         RELAY MARKET SHARE (VALUE), BY VOLTAGE RANGE, 2023              95

FIGURE 40         RELAY MARKET SHARE (VALUE), BY MOUNTING TYPE, 2023              101

FIGURE 41         RELAY MARKET SHARE (VALUE), BY APPLICATION, 2023              109

FIGURE 42         RELAY MARKET SHARE (VALUE), BY VERTICAL, 2023     114

FIGURE 43         ASIA PACIFIC TO RECORD HIGHEST CAGR IN RELAY MARKET

DURING FORECAST PERIOD     132

FIGURE 44         RELAY MARKET SHARE (VALUE), BY REGION, 2023         133

FIGURE 45         ASIA PACIFIC: REGIONAL SNAPSHOT, 2023        135

FIGURE 46         NORTH AMERICA: REGIONAL SNAPSHOT, 2023 166

FIGURE 47         RELAY MARKET: SEGMENTAL REVENUE ANALYSIS OF FIVE

KEY PLAYERS, 2019–2023             221

FIGURE 48         MARKET SHARE ANALYSIS OF COMPANIES IN RELAY MARKET, 2023      222

FIGURE 49         RELAY MARKET: COMPANY VALUATION, 2023  224

FIGURE 50         RELAY MARKET: FINANCIAL METRICS (EV/EBITDA), 2023              224

FIGURE 51         RELAY MARKET: TYPE- AND VERTICAL-WISE COMPARISON              225

FIGURE 52         RELAY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 227

FIGURE 53         RELAY MARKET: COMPANY FOOTPRINT            228

FIGURE 54         RELAY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023             233

FIGURE 55         PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT        239

FIGURE 56         HONGFA: COMPANY SNAPSHOT            243

FIGURE 57         TE CONNECTIVITY: COMPANY SNAPSHOT        248

FIGURE 58         OMRON CORPORATION: COMPANY SNAPSHOT             254

FIGURE 59         GE VERNOVA INC.: COMPANY SNAPSHOT         258

FIGURE 60         FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT            262

FIGURE 61         ABB: COMPANY SNAPSHOT       267

FIGURE 62         SCHNEIDER ELECTRIC: COMPANY SNAPSHOT  271

FIGURE 63         STANDEX ELECTRONICS, INC.: COMPANY SNAPSHOT  274

FIGURE 64         SENSATA TECHNOLOGIES, INC: COMPANY SNAPSHOT 278

FIGURE 65         SIEMENS: COMPANY SNAPSHOT            280

FIGURE 66         EATON: COMPANY SNAPSHOT 283

FIGURE 67         ROCKWELL AUTOMATION: COMPANY SNAPSHOT        286

FIGURE 68         MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT              289

FIGURE 69         LITTELFUSE, INC.: COMPANY SNAPSHOT          294