出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年2月
継電器市場 : タイプ (電気機械、サーマル、リード、時間、フォト MOSFET、ソリッドステート、MEMS)、用途、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)、地域別 – 2030年までの世界予測
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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| 種別 | 英文調査報告書 |
| 価格 |
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.
目次
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 27
1.3 INCLUSIONS AND EXCLUSIONS 27
1.3.1 RELAY MARKET, BY VOLTAGE RANGE 27
1.3.2 RELAY MARKET, BY TYPE 27
1.3.3 RELAY MARKET, BY APPLICATION 28
1.3.4 RELAY MARKET, BY MOUNTING TYPE 28
1.3.5 RELAY MARKET, BY REGION 28
1.4 MARKET SCOPE 29
1.4.1 RELAY MARKET SEGMENTATION 29
1.4.2 REGIONAL SCOPE 29
1.5 YEARS CONSIDERED 30
1.6 CURRENCY CONSIDERED 30
1.7 LIMITATIONS 30
1.8 RECESSION IMPACT 31
1.9 STAKEHOLDERS 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 1 RELAY MARKET: RESEARCH DESIGN 32
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 33
FIGURE 2 DATA TRIANGULATION 33
2.2.1 SECONDARY DATA 34
2.2.1.1 Key data from secondary sources 34
2.2.2 PRIMARY DATA 34
2.2.2.1 Breakdown of primaries 35
2.2.2.2 Key data from primary sources 35
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 36
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR RELAYS 36
2.3 MARKET SIZE ESTIMATION 37
2.3.1 BOTTOM-UP APPROACH 37
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 37
2.3.2 TOP-DOWN APPROACH 38
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 38
2.3.3 DEMAND-SIDE ANALYSIS 39
2.3.3.1 Regional analysis 39
2.3.3.2 Country-level analysis 39
2.3.3.3 Demand-side assumptions 40
2.3.3.4 Demand-side calculations 40
2.3.4 SUPPLY-SIDE ANALYSIS 40
FIGURE 7 KEY STEPS CONSIDERED FOR ASSESSING SUPPLY OF RELAYS 40
FIGURE 8 GLOBAL RELAY MARKET: SUPPLY-SIDE ANALYSIS 41
2.3.4.1 Supply-side calculations 41
2.3.4.2 Supply-side assumptions 41
2.3.5 FORECAST 41
3 EXECUTIVE SUMMARY 42
TABLE 1 RELAY MARKET SNAPSHOT 42
FIGURE 9 ELECTROMECHANICAL SEGMENT TO DOMINATE RELAY MARKET, BY TYPE, DURING FORECAST PERIOD 43
FIGURE 10 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF RELAY MARKET DURING FORECAST PERIOD 44
FIGURE 11 LOW SEGMENT TO CAPTURE LARGEST SHARE OF RELAY MARKET, BY VOLTAGE RANGE, DURING FORECAST PERIOD 44
FIGURE 12 PANEL SEGMENT TO LEAD RELAY MARKET, BY MOUNTING TYPE, DURING FORECAST PERIOD 45
FIGURE 13 ASIA PACIFIC DOMINATED RELAY MARKET IN 2021 46
4 PREMIUM INSIGHTS 47
4.1 ATTRACTIVE OPPORTUNITIES FOR RELAY MARKET PLAYERS 47
FIGURE 14 INCREASING DEMAND FOR CONTROL DEVICES IN END-USER INDUSTRIES LIKELY TO DRIVE RELAY MARKET DURING 2022–2030 47
4.2 ASIA PACIFIC: RELAY MARKET, BY TYPE AND COUNTRY, 2021 48
FIGURE 15 ELECTROMECHANICAL AND REST OF ASIA PACIFIC SEGMENTS HELD LARGEST SHARE OF ASIA PACIFIC RELAY MARKET IN 2021 48
4.3 RELAY MARKET, BY REGION 48
FIGURE 16 RELAY MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 48
4.4 RELAY MARKET, BY TYPE 49
FIGURE 17 ELECTROMECHANICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 49
4.5 RELAY MARKET, BY APPLICATION 49
FIGURE 18 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 49
4.6 RELAY MARKET, BY VOLTAGE RANGE 50
FIGURE 19 LOW (UP TO 1 KV) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 50
4.7 RELAY MARKET, BY MOUNTING TYPE 50
FIGURE 20 PANEL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 52
FIGURE 21 MARKET DYNAMICS FOR RELAY MARKET 52
5.2.1 DRIVERS 53
5.2.1.1 Rising investments in renewable energy generation 53
FIGURE 22 GLOBAL RENEWABLE CAPACITY ADDITION, 2019–2024 (GW) 53
5.2.1.2 Increasing demand for control devices in end-user industries 53
FIGURE 23 INDUSTRIAL CONTROL & FACTORY AUTOMATION MARKET, 2016–2022 55
5.2.2 RESTRAINTS 55
5.2.2.1 Volatility in raw material prices 55
5.2.2.2 Increasing competition from unorganized sector 55
5.2.3 OPPORTUNITIES 56
5.2.3.1 Increasing power demand and investments in smart grid infrastructure 56
FIGURE 24 INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION, 2016–2021 56
5.2.3.2 Rising demand for HVAC applications 56
5.2.4 CHALLENGES 57
5.2.4.1 Cybersecurity issues associated with time relays 57
5.2.4.2 Lack of investment by governments in grid stability 57
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 57
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR GLOBAL RELAY MARKET 57
FIGURE 25 REVENUE SHIFTS FOR RELAY PROVIDERS 58
5.4 MARKET MAP 58
FIGURE 26 MARKET MAP: GLOBAL RELAY MARKET 58
TABLE 2 RELAY MARKET: ROLE IN ECOSYSTEM 59
5.5 VALUE CHAIN ANALYSIS 61
FIGURE 27 VALUE CHAIN ANALYSIS: GLOBAL RELAY MARKET 61
5.5.1 RAW MATERIAL PROVIDERS/SUPPLIERS 61
5.5.2 COMPONENT MANUFACTURERS 61
5.5.3 RELAY MANUFACTURERS/ASSEMBLERS 62
5.5.4 DISTRIBUTORS 62
5.5.5 END USERS 62
5.5.6 POST-SALES SERVICE PROVIDERS 62
5.6 TECHNOLOGY ANALYSIS 62
5.6.1 MICROPROCESSOR-BASED DIGITAL RELAYS 62
5.7 PRICING ANALYSIS 63
5.7.1 AVERAGE SELLING PRICE OF RELAYS 63
TABLE 3 AVERAGE SELLING PRICE OF RELAYS, 2021 63
5.8 KEY CONFERENCES AND EVENTS, 2022–2024 63
TABLE 4 GLOBAL RELAY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 63
5.9 TARIFFS, CODES, AND REGULATIONS 66
5.9.1 TARIFFS RELATED TO RELAYS 66
TABLE 5 IMPORT TARIFFS FOR HS 853690 LOW-VOLTAGE PROTECTION EQUIPMENT, 2019 66
TABLE 6 IMPORT TARIFFS FOR HS 8535 HIGH-VOLTAGE PROTECTION EQUIPMENT, 2019 67
5.10 TRADE ANALYSIS 68
5.10.1 TRADE DATA RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE EXCEEDING 1,000 VOLTS 68
5.10.2 IMPORT SCENARIO 68
TABLE 7 IMPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019–2021 (USD) 68
5.10.3 EXPORT SCENARIO 69
TABLE 8 EXPORT SCENARIO FOR HS CODE: 8535, BY COUNTRY, 2019–2021 (USD) 69
5.10.4 TRADE DATA RELATED TO ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS WITH VOLTAGE NOT EXCEEDING 1,000 VOLTS 70
5.10.5 IMPORT SCENARIO 70
TABLE 9 IMPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD) 70
5.10.6 EXPORT SCENARIO 71
TABLE 10 EXPORT SCENARIO FOR HS CODE: 853690, BY COUNTRY, 2019–2021 (USD) 71
5.10.7 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 73
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 14 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
5.10.8 CODES AND REGULATIONS RELATED TO RELAYS 75
TABLE 15 RELAY MARKET: CODES AND REGULATIONS 75
5.11 PATENT ANALYSIS 78
TABLE 16 RELAY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2021–MAY 2022 78
5.12 PORTER’S FIVE FORCES ANALYSIS 80
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS FOR RELAY MARKET 80
TABLE 17 RELAY MARKET: PORTER’S FIVE FORCES ANALYSIS 81
5.12.1 THREAT OF SUBSTITUTES 81
5.12.2 BARGAINING POWER OF SUPPLIERS 81
5.12.3 BARGAINING POWER OF BUYERS 81
5.12.4 THREAT OF NEW ENTRANTS 82
5.12.5 INTENSITY OF COMPETITIVE RIVALRY 82
5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 82
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 82
FIGURE 29 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 82
TABLE 18 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 83
5.14 BUYING CRITERIA 83
FIGURE 30 BUYING CRITERIA FOR TOP THREE APPLICATIONS 83
TABLE 19 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 83
5.15 CASE STUDY ANALYSIS 84
5.15.1 RELIANCE UPGRADES TO MORE ROBUST RELAYS FOR CRITICAL APPLICATIONS 84
5.15.1.1 Problem statement 84
5.15.1.2 Solution 84
5.15.2 LITTELFUSE ARC-FLASH RELAY REDUCES CRITICAL ISSUES WITH ELECTRICAL HAZARDS IN PLANT 84
5.15.2.1 Problem statement 84
5.15.2.2 Solution 84
6 RELAY MARKET, BY TYPE 85
6.1 INTRODUCTION 86
FIGURE 31 RELAY MARKET SHARE (VALUE), BY TYPE, 2021 86
TABLE 20 RELAY MARKET, BY TYPE, 2020–2030 (USD MILLION) 86
6.2 ELECTROMECHANICAL 87
6.2.1 LOW COST, LONG LIFE, LOW POWER CONSUMPTION, AND EASY MAINTENANCE TO DRIVE ELECTROMECHANICAL RELAY MARKET 87
TABLE 21 ELECTROMECHANICAL: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 87
6.3 THERMAL 87
6.3.1 ASIA PACIFIC PROJECTED TO BE LARGEST AND FASTEST-GROWING MARKET FOR THERMAL RELAYS 87
TABLE 22 THERMAL: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 88
6.4 REED 88
6.4.1 TREND OF MINIATURIZATION AND AUTOMATION TO CONTRIBUTE TO REED RELAY MARKET GROWTH 88
TABLE 23 REED: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 88
6.5 TIME 89
6.5.1 GROWING INVESTMENTS IN POWER GENERATION SECTOR TO SUPPORT MARKET GROWTH 89
TABLE 24 TIME: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 89
6.6 SOLID STATE (PHOTO METAL-OXIDE-SEMICONDUCTOR FIELD EFFECT TRANSISTOR {MOSFET} RELAY) 89
6.6.1 GROWING MODERNIZATION OF ELECTRIC CARS TO FUEL SOLID-STATE RELAY MARKET 89
TABLE 25 SOLID STATE: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 90
6.7 OTHERS 90
TABLE 26 OTHERS: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 90
7 RELAY MARKET, BY VOLTAGE RANGE 91
7.1 INTRODUCTION 92
FIGURE 32 RELAY MARKET SHARE (VALUE), BY VOLTAGE RANGE, 2021 92
TABLE 27 RELAY MARKET, BY VOLTAGE RANGE, 2020–2030 (USD MILLION) 92
7.2 LOW 93
7.2.1 EXTENSIVE USE OF LOW-VOLTAGE RELAYS FOR INDUSTRIAL AND COMMERCIAL APPLICATIONS LIKELY TO BOOST MARKET 93
TABLE 28 LOW: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 93
7.3 MEDIUM 93
7.3.1 INCREASED ELECTRICITY DISTRIBUTION NETWORK UPGRADES TO DRIVE DEMAND FOR MEDIUM-VOLTAGE RELAYS 93
TABLE 29 MEDIUM: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 94
7.4 HIGH 94
7.4.1 NEW TRANSMISSION LINE PROJECTS IN ASIA PACIFIC TO PROPEL MARKET FOR HIGH-VOLTAGE RELAYS 94
TABLE 30 HIGH: RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 94
8 RELAY MARKET, BY REGION 95
8.1 INTRODUCTION 96
FIGURE 33 REGIONAL SNAPSHOT: ASIA PACIFIC RELAY MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 96
FIGURE 34 GLOBAL RELAY MARKET SHARE (VALUE), BY REGION, 2021 96
TABLE 31 GLOBAL RELAY MARKET, BY REGION, 2020–2030 (USD MILLION) 97
8.2 ASIA PACIFIC 97
FIGURE 35 ASIA PACIFIC: RELAY MARKET SNAPSHOT 98
8.2.1 RECESSION IMPACT: ASIA PACIFIC 98
8.2.2 BY TYPE 99
TABLE 32 ASIA PACIFIC: RELAY MARKET, BY TYPE, 2020–2030 (USD MILLION) 99
8.2.3 BY APPLICATION 99
TABLE 33 ASIA PACIFIC: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 99
TABLE 34 ASIA PACIFIC: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 100
TABLE 35 ASIA PACIFIC: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 100
8.2.4 BY VOLTAGE RANGE 100
TABLE 36 ASIA PACIFIC: RELAY MARKET, BY VOLTAGE RANGE, 2020–2030 (USD MILLION) 100
8.2.5 BY MOUNTING TYPE 101
TABLE 37 ASIA PACIFIC: RELAY MARKET, BY MOUNTING TYPE, 2020–2030 (USD MILLION) 101
8.2.6 BY COUNTRY 101
TABLE 38 ASIA PACIFIC: RELAY MARKET, BY COUNTRY, 2020–2030 (USD MILLION) 101
8.2.6.1 China 101
8.2.6.1.1 Increased industrial activities and growth in manufacturing sector to drive market 101
TABLE 39 CHINA: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 102
TABLE 40 CHINA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 102
TABLE 41 CHINA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 102
8.2.6.2 India 102
8.2.6.2.1 Heightened demand from power generation and manufacturing sectors to propel market 103
TABLE 42 INDIA: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 103
TABLE 43 INDIA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 104
TABLE 44 INDIA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 104
8.2.6.3 Japan 104
8.2.6.3.1 Growth of EV automotive sector to boost market 104
TABLE 45 JAPAN: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 105
TABLE 46 JAPAN: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 105
TABLE 47 JAPAN: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 105
8.2.6.4 Rest of Asia Pacific 106
TABLE 48 REST OF ASIA PACIFIC: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 106
TABLE 49 REST OF ASIA PACIFIC: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 106
TABLE 50 REST OF ASIA PACIFIC: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 106
8.3 EUROPE 107
FIGURE 36 EUROPE: RELAY MARKET SNAPSHOT 108
8.3.1 RECESSION IMPACT: EUROPE 108
8.3.2 BY TYPE 109
TABLE 51 EUROPE: RELAY MARKET, BY TYPE, 2020–2030 (USD MILLION) 109
8.3.3 BY APPLICATION 109
TABLE 52 EUROPE: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 109
TABLE 53 EUROPE: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 109
TABLE 54 EUROPE: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 110
8.3.4 BY VOLTAGE RANGE 110
TABLE 55 EUROPE: RELAY MARKET, BY VOLTAGE RANGE, 2020–2030 (USD MILLION) 110
8.3.5 BY MOUNTING TYPE 110
TABLE 56 EUROPE: RELAY MARKET, BY MOUNTING TYPE, 2020–2030 (USD MILLION) 110
8.3.6 BY COUNTRY 111
TABLE 57 EUROPE: RELAY MARKET, BY COUNTRY, 2020–2030 (USD MILLION) 111
8.3.6.1 UK 111
8.3.6.1.1 Increasing demand from medical device manufacturing companies to push market growth 111
TABLE 58 UK: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 112
TABLE 59 UK: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 112
TABLE 60 UK: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 112
8.3.6.2 Germany 113
8.3.6.2.1 Intensifying focus on grid expansion to drive market 113
TABLE 61 GERMANY: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 113
TABLE 62 GERMANY: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 113
TABLE 63 GERMANY: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 114
8.3.6.3 Poland 114
8.3.6.3.1 Investments in automotive sector to accelerate market growth 114
TABLE 64 POLAND: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 115
TABLE 65 POLAND: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 115
TABLE 66 POLAND: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 115
8.3.6.4 France 116
8.3.6.4.1 Investments in renewable power projects to support relay market growth 116
TABLE 67 FRANCE: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 116
TABLE 68 FRANCE: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 116
TABLE 69 FRANCE: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 117
8.3.6.5 Italy 117
8.3.6.5.1 Increased production of household appliances to generate demand for relays 117
TABLE 70 ITALY: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 118
TABLE 71 ITALY: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 118
TABLE 72 ITALY: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 118
8.3.6.6 Rest of Europe 119
TABLE 73 REST OF EUROPE: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 119
TABLE 74 REST OF EUROPE: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 120
TABLE 75 REST OF EUROPE: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 120
8.4 NORTH AMERICA 120
8.4.1 RECESSION IMPACT: NORTH AMERICA 121
8.4.2 BY TYPE 121
TABLE 76 NORTH AMERICA: RELAY MARKET, BY TYPE, 2020–2030 (USD MILLION) 121
8.4.3 BY APPLICATION 122
TABLE 77 NORTH AMERICA: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 122
TABLE 78 NORTH AMERICA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 122
TABLE 79 NORTH AMERICA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 122
8.4.4 BY VOLTAGE RANGE 123
TABLE 80 NORTH AMERICA: RELAY MARKET, BY VOLTAGE RANGE, 2020–2030 (USD MILLION) 123
8.4.5 BY MOUNTING TYPE 123
TABLE 81 NORTH AMERICA: RELAY MARKET, BY MOUNTING TYPE, 2020–2030 (USD MILLION) 123
8.4.6 BY COUNTRY 123
TABLE 82 NORTH AMERICA: RELAY MARKET, BY COUNTRY, 2020–2030 (USD MILLION) 123
8.4.6.1 US 124
8.4.6.1.1 Modernization of electric infrastructure to induce demand for relays 124
TABLE 83 US: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 124
TABLE 84 US: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 125
TABLE 85 US: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 125
8.4.6.2 Canada 125
8.4.6.2.1 Investments in electricity utility upgrades to augment market growth 125
TABLE 86 CANADA: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 126
TABLE 87 CANADA: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 126
TABLE 88 CANADA: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 126
8.4.6.3 Mexico 127
8.4.6.3.1 Demand from industrial sector to contribute to growth of Mexican relay market 127
TABLE 89 MEXICO: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 127
TABLE 90 MEXICO: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 128
TABLE 91 MEXICO: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 128
8.5 REST OF THE WORLD 128
8.5.1 RECESSION IMPACT: REST OF THE WORLD 128
8.5.2 BY TYPE 129
TABLE 92 REST OF THE WORLD: RELAY MARKET, BY TYPE, 2020–2030 (USD MILLION) 129
8.5.3 BY APPLICATION 129
TABLE 93 REST OF THE WORLD: RELAY MARKET, BY APPLICATION, 2020–2030 (USD MILLION) 129
TABLE 94 REST OF THE WORLD: RELAY MARKET, BY AUTOMOTIVE APPLICATION, 2020–2030 (USD MILLION) 130
TABLE 95 REST OF THE WORLD: RELAY MARKET, BY RENEWABLES APPLICATION, 2020–2030 (USD MILLION) 130
8.5.4 BY VOLTAGE RANGE 130
TABLE 96 REST OF THE WORLD: RELAY MARKET, BY VOLTAGE RANGE, 2020–2030 (USD MILLION) 130
8.5.5 BY MOUNTING TYPE 131
TABLE 97 REST OF THE WORLD: RELAY MARKET, BY MOUNTING TYPE, 2020–2030 (USD MILLION) 131
9 COMPETITIVE LANDSCAPE 132
9.1 OVERVIEW 132
9.2 STRATEGIES ADOPTED BY KEY PLAYERS 132
TABLE 98 OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, APRIL 2019–APRIL 2022 132
9.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS 135
TABLE 99 RELAY MARKET: DEGREE OF COMPETITION 135
FIGURE 37 RELAY MARKET SHARE ANALYSIS, 2021 136
9.4 REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS 137
FIGURE 38 TOP PLAYERS IN RELAY MARKET, 2017–2021 137
9.5 COMPANY EVALUATION QUADRANT 138
9.5.1 STARS 138
9.5.2 PERVASIVE PLAYERS 138
9.5.3 EMERGING LEADERS 138
9.5.4 PARTICIPANTS 138
FIGURE 39 COMPETITIVE LEADERSHIP MAPPING: RELAY MARKET, 2021 139
9.5.5 COMPETITIVE BENCHMARKING 140
TABLE 100 RELAY MARKET: DETAILED LIST OF KEY START-UPS/SMES 140
TABLE 101 RELAY MARKET: DETAILED COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES) 140
9.6 RELAY MARKET: COMPANY FOOTPRINT 141
TABLE 102 COMPANY FOOTPRINT: BY APPLICATION 141
TABLE 103 COMPANY FOOTPRINT: BY MOUNTING TYPE 142
TABLE 104 COMPANY FOOTPRINT: BY VOLTAGE RANGE 143
TABLE 105 COMPANY FOOTPRINT: BY TYPE 144
TABLE 106 COMPANY FOOTPRINT: BY REGION 145
TABLE 107 OVERALL COMPANY FOOTPRINT 146
9.7 COMPETITIVE SCENARIOS AND TRENDS 147
TABLE 108 RELAY MARKET: PRODUCT LAUNCHES, MAY 2018 – APRIL 2022 147
TABLE 109 RELAY MARKET: DEALS, NOVEMBER 2019–JUNE 2022 148
TABLE 110 RELAY MARKET: OTHER DEVELOPMENTS, JANUARY 2022–JUNE 2022 149
10 COMPANY PROFILES 150
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
10.1 KEY PLAYERS 150
10.1.1 PANASONIC CORPORATION 150
TABLE 111 PANASONIC CORPORATION: COMPANY OVERVIEW 150
FIGURE 40 PANASONIC CORPORATION: COMPANY SNAPSHOT 151
TABLE 112 PANASONIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 152
TABLE 113 PANASONIC CORPORATION: PRODUCT LAUNCHES 154
10.1.2 TE CONNECTIVITY 156
TABLE 114 TE CONNECTIVITY: COMPANY OVERVIEW 156
FIGURE 41 TE CONNECTIVITY: COMPANY SNAPSHOT (2021) 157
TABLE 115 TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 157
TABLE 116 TE CONNECTIVITY: PRODUCT LAUNCHES 160
TABLE 117 TE CONNECTIVITY: DEALS 161
TABLE 118 TE CONNECTIVITY: OTHERS 162
10.1.3 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD. 163
TABLE 119 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD.: BUSINESS OVERVIEW 163
FIGURE 42 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD: COMPANY SNAPSHOT (2021) 163
TABLE 120 XIAMEN HONGFA ELECTROACOUSTIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 164
TABLE 121 XIAMEN HONGFA AUTOMOTIVE ELECTRONICS CON, LTD.: PRODUCT LAUNCHES 165
TABLE 122 XIAMEN HONGFA AUTOMOTIVE ELECTRONICS CON., LTD.: DEALS 165
10.1.4 OMRON CORPORATION 167
TABLE 123 OMRON CORPORATION: COMPANY OVERVIEW 167
FIGURE 43 OMRON CORPORATION: COMPANY SNAPSHOT (2021) 168
TABLE 124 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
TABLE 125 OMRON CORPORATION: PRODUCT LAUNCHES 173
10.1.5 FUJI ELECTRIC 174
TABLE 126 FUJI ELECTRIC: COMPANY OVERVIEW 174
FIGURE 44 FUJI ELECTRIC: COMPANY SNAPSHOT (2021) 175
TABLE 127 FUJI ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 176
TABLE 128 FUJI ELECTRIC: DEALS 177
TABLE 129 FUJI ELECTRIC: DEALS 177
10.1.6 ABB 178
TABLE 130 ABB: BUSINESS OVERVIEW 178
FIGURE 45 ABB: COMPANY SNAPSHOT (2021) 179
TABLE 131 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 132 ABB: PRODUCT LAUNCHES 183
TABLE 133 ABB: DEALS 183
TABLE 134 ABB: OTHERS 184
10.1.7 SCHNEIDER ELECTRIC 185
TABLE 135 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 185
FIGURE 46 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021) 186
TABLE 136 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 186
TABLE 137 SCHNEIDER ELECTRIC: OTHERS 188
10.1.8 STANDEX ELECTRONICS 189
TABLE 138 STANDEX ELECTRONICS.: BUSINESS OVERVIEW 189
FIGURE 47 STANDEX ELECTRONICS, INC.: COMPANY SNAPSHOT (2021) 190
TABLE 139 STANDEX ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 140 STANDEX ELECTRONICS: DEALS 196
10.1.9 LITTELFUSE, INC. 197
TABLE 141 LITTELFUSE, INC.: COMPANY OVERVIEW 197
FIGURE 48 LITTELFUSE, INC.: COMPANY SNAPSHOT (2021) 198
TABLE 142 LITTELFUSE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 143 LITTELFUSE, INC.: PRODUCT LAUNCHES 204
TABLE 144 LITTELFUSE, INC.: DEALS 205
TABLE 145 LITTELFUSE, INC.: OTHERS 206
10.1.10 SENSATA TECHNOLOGIES 207
TABLE 146 SENSATA TECHNOLOGIES: COMPANY OVERVIEW 207
FIGURE 49 SENSATA TECHNOLOGIES: COMPANY SNAPSHOT (2021) 208
TABLE 147 SENSATA TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 148 SENSATA TECHNOLOGIES: PRODUCT LAUNCHES 211
TABLE 149 SENSATA TECHNOLOGY: DEALS 211
10.1.11 FUJITSU 212
TABLE 150 FUJITSU: BUSINESS OVERVIEW 212
FIGURE 50 FUJITSU: COMPANY SNAPSHOT (2021) 213
TABLE 151 FUJITSU: PRODUCTS/SOLUTIONS/SERVICES OFFERED 214
TABLE 152 FUJITSU: PRODUCT LAUNCHES 215
10.1.12 HASCO 216
TABLE 153 HASCO: BUSINESS OVERVIEW 216
TABLE 154 HASCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
10.1.13 BRIGHT TOWARD INDUSTRIAL CO., LTD. 219
TABLE 155 BRIGHT TOWARD INDUSTRIAL CO., LTD.: COMPANY OVERVIEW 219
TABLE 156 BRIGHT TOWARD INDUSTRIAL CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
10.1.14 COSMO ELECTRONICS 222
TABLE 157 COSMO ELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
10.1.15 CELDUC 224
TABLE 158 CELDUC: COMPANY OVERVIEW 224
TABLE 159 CELDUC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 224
TABLE 160 CELDUC: OTHERS 225
10.1.16 RELPOL S.A. 226
TABLE 161 RELPOL S.A.: COMPANY OVERVIEW 226
TABLE 162 RELPOL S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
10.2 OTHER PLAYERS 229
10.2.1 CARLO GAVAZZI 229
10.2.2 COMUS INTERNATIONAL 230
10.2.3 TELEDYNE DEFENSE ELECTRONICS 231
10.2.4 WAGO 232
10.2.5 CARLO GAVAZZI 233
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
11 APPENDIX 234
11.1 INSIGHTS FROM INDUSTRY EXPERTS 234
11.2 DISCUSSION GUIDE 235
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 240
11.4 CUSTOMIZATION OPTIONS 242
11.5 RELATED REPORTS 242
11.6 AUTHOR DETAILS 243