Relay Market

Report Code EP 8558
Published in Nov, 2024, By MarketsandMarkets™
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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

 

Overview

The Relay Market is projected to grow from USD 10.12 billion in 2024 to USD 15.20 billion by 2030 at a CAGR of 7.0% during the forecast period. Its growth will be noted because of the rapidly industrializing developing economies, mainly within Asia Pacific and the Americas. Supportive government policies and incentives to promote energy-efficient technologies are significantly boosting the adoption of relays. These measures include tax benefits, low-interest loans, and grants that help reduce the financial burden on businesses and industries implementing energy-saving solutions. Regulatory frameworks encouraging energy efficiency across sectors are driving the deployment of advanced relay systems to optimize power usage and enhance operational reliability. By incentivizing the adoption of such technologies, governments are facilitating broader use of relays in industrial, commercial, and residential applications.

Relay Market

Attractive Opportunities in the Relay Market

ASIA PACIFIC

Asia Pacific is expected to be the largest market for relays. Investments in solar, wind, and other renewable energy projects are boosting relay adoption for energy management systems.

The expansion of smart grid technologies requires relays for improved electrical grid reliability and efficiency.

The growth of emerging markets such as India and China is leading to higher demand for relays in industrial and residential applications.

Expansion of urban infrastructure and public utilities increases the need for relay systems in electrical distribution.

North America is expected to be the second-largest market for relays during the forecast period.

Global Relay Market Dynamics

Driver: Growing Infrastructure Investment

The scope of infrastructure investments has increased dramatically both in developed and emerging markets and has had a higher demand for relays, mainly in construction, power grids, and utilities. Increasing the process of accelerated urbanization with new projects in transportation, energy, and housing stimulates high demand for solid electrical installations regarding safety, efficiency, and proper functionality. Relays are of vital importance for monitoring and protecting electrical circuits and, therefore, of significant importance in supporting the hitch-free operation of infrastructures pertaining to power distribution, industrial automation, and control systems.

Infrastructure-based demand for relays illustrates the pursuit of safety, reliability, and automation in critical systems in a world where societies are becoming increasingly urbanized.

Restraints: Competition from alternative technologies

Alternative technologies, such as contactors, solid-state switches, and PLCs, use most of the traditional electromechanical relays in industries today. Contactors are ideally used where a high level of load applications is concerned since they can handle a high current and a high voltage. They are thus unreplaceable in applications where durability is of prime importance, such as HVAC control, motor control, etc. While its advantages include faster switching, longer operational life, and reduced maintenance, it highly values its application in automation and energy management, especially for those industries that require reliability and efficiency. In fact, as these technologies advance, businesses favor systems that use digital and programmable controls rather than mechanical relays, leading to a broad industry movement toward efficient and compact solutions. However, this presents a problem for relay makers, who must develop new ideas and produce specialized relays for use in situations such as high-voltage isolation or situations with frequent voltage spikes where electromechanical devices still have distinct benefits. Because of this, the market for relays is moving toward hybrid choices that combine the advantages of old relays with new digital controls to satisfy both the most advanced efficiency in power management and industrial automation and the most resilient legacy characteristics.

 

Opportunities: Increasing power demand and investment in smart grid infrastructure

Global power demand is likely to nearly double within the next decade, with the International Energy Agency projecting annual generation growth at 2.4% through 2040. That volume will need an estimated USD 10 trillion in investments to meet the surge. Major projects are underway in regions such as the Middle East, Asia Pacific, and Africa, with nations like Egypt, Oman, China, India, and South Africa at the forefront of growth in traditional and renewable power generation forms.

Utility operators are, in fact, equipping grid infrastructure to this end in order to transform it into a smart grid by upgrading monitoring facilities, improving device communication, and operating it from remote locations to address this unprecedented demand. Numerical relays are, therefore, the basis for smarter grids as they provide real-time feedback regarding the grid's status and provide automatic response based on preset conditions. Valued for affordability and adaptability, numerical relays hold an important place in grid automation and digitization. With continued implementation by global utilities of smart grids, the actual demand for numerical relay technology will also gain momentum significantly and continue to expand, thereby strengthening its role in supporting reliable and flexible electricity distribution networks and driving the growth of the relay market worldwide.

Challenges: Cybersecurity Issues

Digital relays in smart grids and other communication networks are increasingly integrated into the market, making cybersecurity a serious issue in the relay market. Cyber threats can easily assail these systems and cause severe and disastrous consequences, from a malfunctioned relay tripping needlessly or failing to trip in the case of a fault. These specific weaknesses pose a critical threat to energy generation as they have the potential to cause blackouts and infrastructure failure.

There is an added risk in the use of outdated systems with minimal security measures, making them the core target of attacks that may compromise grid safety. The ever-evolving nature of cybersecurity threats is a strategic challenge. There is a lack of standardized national security protocols that are easy threats for any type of attack on the communication channels and control mechanisms. There is an increased vulnerability due to dependency on external parts because most interconnected systems usually have minimal security protection.

It will be challenging for companies to stay ahead of rapid, emergent threats without skilled cybersecurity professionals. Complexity increases further with the need for stronger cybersecurity measures and standardized protocols to protect these systems and ensure grid stability.

Global Relay Market Ecosystem Analysis

Key players in this industry include Panasonic Holdings Corporation (Japan), HONGFA (China), TE Connectivity (Switzerland), OMRON Corporation (Japan), and GE Vernova Inc. (US). These prominent companies in this sector are renowned for their reliability and financial stability as providers of relays. They offer diverse products, cutting-edge technology, extensive experience, and robust global sales and marketing networks.

Top Companies in Relay Market
 

Panel to secure largest market share in mounting type segment during forecast period

Panel-mounted relays are highly compatible with legacy control systems. They are preferred for retrofit projects when minimal modifications are preferred. Their standardized design will allow it directly to be integrally added to legacy control panels without having to rewire extensively or alter the system itself. For example, when lighting controls or HVAC are changed, the panel-mounted relays can be installed directly into the existing infrastructure, making the retrofit process easier and less disruptive. This flexibility is especially very useful in industrial applications where equipment downtime is costly.

Most relay panel-mounted relays also come with flexible mounting options to fit into a number of panel arrangements. Some retrofitting kits, for instance, are for particular relay panels, such as the LMCP kits for existing Wattstopper or GE relay panels. These make it easy to upgrade directly to the latest relay standards without necessarily upgrading the entire panel structure.

In a case such as power applications, relays, for example, Schneider, can be assimilated to existing power systems with proper testing and calibration of the system for efficient interoperation of new relays with older equipment without extensive redesigns.

Energy infrastructure to be fastest-growing segment during forecast period

Construction technologies, processes, and materials are undergoing changes that improve the sector of energy infrastructure construction, making the projects much more efficient, environmentally friendly, and more economical in financial terms. An example is Building Information Modeling, which makes it possible for stakeholders to interact in real-time in order to plan and implement the relevant energy projects more effectively by linking accurate three-dimensional models of infrastructures even before the start-up phase. This reduces the likelihood of errors during the design process and streamlines the process of making choices.

It enables the construction of the project's AI integration with IoT technologies and robotics. AI assists in energy optimization; IoT provides further possibilities for remote monitoring and management of equipment. Apart from these, robotics is required to ensure safety and enhance efficiency or productivity, especially in hostile working environments such as offshore oil rigs or during the extensive installation of solar farms.

Also, integrating renewable sources such as solar and wind in projects aimed at building energy infrastructure would not only reduce carbon emissions but also bring down operating expenses over the long term, thus improving the project's footprint.

Asia Pacific to lead relay market during forecast period

Rapid growth in the demand for electric vehicles across the Asia Pacific has boosted the demand for high-performance automotive relays with increasing speed. In light of governments and consumers focusing on more eco-friendly modes of transport, the manufacturers will now be challenged to develop better relays that can tackle the intricate electrical system of an EV. These relays are the most important functions in managing EVs with critical functions such as managing the battery and thermal regulation along with the powertrain operations across both high and low voltages. This contributes immensely to the safe, efficient performance of EVs.

Another key system in an EV is the relay, which, in effect, facilitates smooth power switching and efficient battery management. Companies are indeed investing much in this type of innovative relay technology for improved reliability as well as increased battery life, not to mention the overall performance of the automobile. For instance, new relay designs from manufacturers in Japan and South Korea are being made to target the special challenges of infrastructure in EVs.

As China and India demonstrate their support through positive policies and incentives encouraging the usage of electric vehicles, it shows that governments across the Asia Pacific face the pressure of rising demand for more advanced relay solutions.

HIGHEST CAGR MARKET IN 2030
CHINA IS THE FASTEST GROWING MARKET IN THE REGION
Relay Market Size and Share

Recent Developments of Relay Market

  • In July 2023, Newark partnered with Eaton to offer advanced industrial automation solutions for Industry 4.0. Newark expanded the range of products it stocks from Eaton, including automation, safety, motor applications, power management, and energy solutions. The popular Eaton products now available from Newark include the easyE4 series of programmable control relays.
  • In October 2022, Siemens Smart Infrastructure and Eplan partnered to strengthen collaboration in software solutions for the industry and infrastructure market segments. As part of this agreement, Siemens’ Electrical Products business unit joined the Eplan Partner Network as a strategic partner. The objective is to coordinate the products of both companies in a more targeted manner to offer optimized solutions for switchgear manufacturers and electrical planners.
  • In May 2024, Standex Electronics, Inc. acquired, through their subsidiary Standex Electronics Japan Corporation, privately held, Japanese-based Sanyu Switch Co., Ltd (Sanyu). Sanyu designs and manufactures reed relays, test sockets, testing systems for semiconductors and other electronics manufacturing, and switching applications.
  • 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 includes 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 elevators.

Key Market Players

List of Top Relay Market Companies

The Relay Market is dominated by a few major players that have a wide regional presence. The major players in the Relay Market are

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Scope of the Report

Report Attribute Details
Market size available for years 2019–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units USD Billion
Segments Covered By Product type, By Deployment Mode, By Architecture, By End User.
Regions covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America

 

Key Questions Addressed by the Report

What is the current size of the relay market?
The current market size of the relay market is USD 9.52 billion in 2023.
What are the major drivers for the relay market?
Increased industrialization and stringent government policies have emerged as some of the major drivers for the relay market.
Which is the largest market for relay during the forecasted period?
Asia Pacific is expected to dominate the relay market between 2024–2030, followed by North America. Perceived industrial growth in countries such as India, China, and Indonesia has increased the demand for relay systems to maintain operational efficiency and product quality.
Which segment is expected to be the largest vertical in the relay market during the forecasted period?
The shipping industry is undergoing significant growth due to the rise in global trade and increased maritime activities, leading to a heightened demand for relay systems in commercial applications.
Which is expected to be the largest market by voltage range in the relay market during the forecasted period?
Low-voltage relays are essential in optimizing system design, ensuring reliability, and meeting the performance demands of modern, space-constrained technologies. This shift has made low-voltage relays critical in today's technological advancements.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
30
  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
  • 1.3 STUDY SCOPE
    RELAY MARKET SEGMENTATION AND REGIONAL SCOPE
    YEARS CONSIDERED
    INCLUSIONS AND EXCLUSIONS
  • 1.4 CURRENCY CONSIDERED
  • 1.5 UNIT CONSIDERED
  • 1.6 LIMITATIONS
  • 1.7 STAKEHOLDERS
  • 1.8 SUMMARY OF CHANGES
RESEARCH METHODOLOGY
36
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    - List of key secondary sources
    - Key data from secondary sources
    PRIMARY DATA
    - List of primary interview participants
    - Key industry insights
    - Key data from primary sources
  • 2.2 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.3 MARKET SIZE ESTIMATION
    BOTTOM-UP APPROACH
    TOP-DOWN APPROACH
    DEMAND-SIDE ANALYSIS
    - Calculations for demand-side analysis
    SUPPLY-SIDE ANALYSIS
    - Assumptions for supply-side analysis
    - Calculations for supply-side analysis
    GROWTH FORECAST ASSUMPTIONS
  • 2.4 RESEARCH LIMITATIONS
  • 2.5 RISK ASSESSMENT
EXECUTIVE SUMMARY
47
PREMIUM INSIGHTS
52
  • 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN RELAY MARKET
  • 4.2 RELAY MARKET, BY REGION
  • 4.3 RELAY MARKET, BY TYPE
  • 4.4 RELAY MARKET, BY VOLTAGE RANGE
  • 4.5 RELAY MARKET, BY MOUNTING TYPE
  • 4.6 RELAY MARKET, BY APPLICATION
  • 4.7 RELAY MARKET, BY VERTICAL
MARKET OVERVIEW
55
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Increasing use of renewable energy
    - Growing investment in infrastructure
    RESTRAINTS
    - Volatility in raw material prices
    - Competition from alternative technologies
    OPPORTUNITIES
    - Increasing power demand and investment in smart grid infrastructure
    - 5G network expansion
    CHALLENGES
    - Lack of standardized cybersecurity measures
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    INDICATIVE PRICING OF RELAYS, BY TYPE, 2023
    AVERAGE SELLING PRICE TREND OF RELAYS, BY REGION, 2020–2023
  • 5.5 SUPPLY CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Photomos relays
    - Smart relays with loT integration
    COMPLEMENTARY TECHNOLOGIES
    - Advanced sensor technologies
    - Automation and control systems
    ADJACENT TECHNOLOGIES
    - Automotive relays
  • 5.8 CASE STUDY ANALYSIS
    MP8000 RELAY PROVIDES MOTOR PROTECTION IN WEST TEXAS OIL & GAS OPERATIONS
    USE OF RELAY ENABLES CONTINUOUS NER MONITORING FOR AUSTRALIAN MINE
    GE FACILITATES RETROFIT INSTALLATION OF RELAYS FOR WATER DEPARTMENT
  • 5.9 PATENT ANALYSIS
  • 5.10 TRADE ANALYSIS
    EXPORT SCENARIO (HS CODE 853649)
    IMPORT SCENARIO (HS CODE 853649)
  • 5.11 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.12 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    GLOBAL REGULATIONS
  • 5.13 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF NEW ENTRANTS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 INVESTMENT AND FUNDING SCENARIO, 2023
  • 5.16 IMPACT OF GENERATIVE AI/AI ON RELAY MARKET
    ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN RELAY MARKET
    REGION-WISE IMPACT OF GENERATIVE AI/AI ON SUPPLY CHAIN, BY MOUNTING TYPE
    IMPACT OF AI ON RELAY MARKET, BY REGION
  • 5.17 GLOBAL MACROECONOMIC OUTLOOK
    INTRODUCTION
    GDP TRENDS AND FORECAST
    INFLATION
    MANUFACTURING VALUE ADDED (% OF GDP)
RELAY MARKET, BY TYPE
85
  • 6.1 INTRODUCTION
  • 6.2 ELECTROMECHANICAL
    INCREASING USE IN RENEWABLE ENERGY PROJECTS TO DRIVE MARKET
  • 6.3 THERMAL
    GROWING INDUSTRIAL AUTOMATION TO DRIVE DEMAND
  • 6.4 REED
    RISING MINIATURIZATION TREND TO BOOST MARKET
  • 6.5 TIME
    GROWING INVESTMENTS IN POWER GENERATION SECTOR TO SUPPORT MARKET
  • 6.6 SOLID STATE
    GROWING DEMAND FOR ELECTRIC CARS TO FUEL MARKET
  • 6.7 OTHER TYPES
RELAY MARKET, BY VOLTAGE RANGE
94
  • 7.1 INTRODUCTION
  • 7.2 LOW
    EXTENSIVE USE IN INDUSTRIAL AND COMMERCIAL APPLICATIONS TO BOOST MARKET
  • 7.3 MEDIUM
    INCREASING ELECTRICITY DISTRIBUTION NETWORK UPGRADES TO DRIVE DEMAND
  • 7.4 HIGH
    NEW TRANSMISSION LINE PROJECTS IN ASIA PACIFIC TO PROPEL MARKET
RELAY MARKET, BY MOUNTING TYPE
100
  • 8.1 INTRODUCTION
  • 8.2 PANEL
    NEED TO OPTIMIZE POWER CONSUMPTION TO DRIVE MARKET
  • 8.3 PCB
    GROWING DEMAND IN ELECTRONICS AND MEDICAL SECTORS TO BOOST MARKET
  • 8.4 DIN RAIL
    RISING NEED FOR COMPACT SYSTEMS TO DRIVE MARKET
  • 8.5 PLUG-IN
    EASE OF REPLACEMENT TO BOOST DEMAND
  • 8.6 OTHER MOUNTING TYPES
RELAY MARKET, BY APPLICATION
108
  • 9.1 INTRODUCTION
  • 9.2 PROTECTION
    GROWING NEED TO SAFEGUARD INDUSTRIAL EQUIPMENT TO BOOST MARKET
  • 9.3 MONITORING
    INCREASING AUTOMATION TO DRIVE DEMAND
  • 9.4 CONTROL
    GROWING USE IN INDUSTRIAL AND COMMERCIAL SETTINGS TO BOOST MARKET
    RELAY MARKET, BY VERTICAL
  • 9.1 INTRODUCTION
  • 9.2 INDUSTRIAL
    RISING ADOPTION OF IOT TO DRIVE MARKET
    BY INDUSTRY
    - Mining
    - Semiconductors
    - Medical
    - Waste treatment
    - Food & beverages
    - Automotive
  • 9.3 RESIDENTIAL & COMMERCIAL
    GOVERNMENT REGULATIONS RELATED TO ENERGY EFFICIENCY TO DRIVE MARKET
    BY EQUIPMENT
    - Building equipment
    - Household appliances
  • 9.4 ENERGY
    NEED TO IMPROVE GRID STABILITY TO DRIVE DEMAND
    BY ENERGY SOURCE
    - Conventional
    - Renewables
    BY END-USE APPLICATION
    - Generation
    - Transmission & distribution
  • 9.5 OTHER VERTICALS
RELAY MARKET, BY REGION
131
  • 10.1 INTRODUCTION
  • 10.2 ASIA PACIFIC
    CHINA
    - Expansion of industrial and manufacturing sectors to drive market
    INDIA
    - Rising electricity consumption to fuel market
    JAPAN
    - Increasing preference for EVs to drive market
    REST OF ASIA PACIFIC
  • 10.3 NORTH AMERICA
    US
    - Strict government mandates to drive demand
    CANADA
    - Expansion of automotive and energy sectors to boost market
    MEXICO
    - Focus on renewable energy to accelerate market growth
  • 10.4 EUROPE
    UK
    - Increasing demand in medical device industry to drive market
    GERMANY
    - Intensifying focus on grid expansion to drive market
    POLAND
    - Investments in automotive sector to accelerate market growth
    FRANCE
    - Investments in renewable energy projects to support market
    ITALY
    - Increasing production of household appliances to generate demand
    REST OF EUROPE
  • 10.5 ROW
    MIDDLE EAST & AFRICA
    - Rising investments in renewable energy and smart grid technologies to drive market
    SOUTH AMERICA
    - Increasing foreign investments in infrastructure to boost market
COMPETITIVE LANDSCAPE
219
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024
  • 11.3 REVENUE ANALYSIS, 2019–2023
  • 11.4 MARKET SHARE ANALYSIS, 2023
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS, 2023
  • 11.6 TYPE-/VERTICAL-WISE COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company footprint
    - Region footprint
    - Type footprint
    - Mounting type footprint
  • 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.9 COMPETITIVE SCENARIO
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
238
  • 12.1 KEY PLAYERS
    PANASONIC HOLDINGS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HONGFA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TE CONNECTIVITY
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    OMRON CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GE VERNOVA INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    FUJI ELECTRIC CO., LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ABB
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SCHNEIDER ELECTRIC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    STANDEX ELECTRONICS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SENSATA TECHNOLOGIES, INC
    - Business overview
    - Products/Solutions/Services offered
    SIEMENS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EATON
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ROCKWELL AUTOMATION
    - Business overview
    - Products/Solutions/Services offered
    MITSUBISHI ELECTRIC CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    FCL COMPONENTS LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LITTELFUSE, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 12.2 OTHER PLAYERS
    RELPOL S.A.
    CELDUC RELAIS
    COMUS INTERNATIONAL
    WAGO
    CARLO GAVAZZI
    COTO TECHNOLOGY
    ZETTLER GROUP
    TELEDYNE TECHNOLOGIES INCORPORATED
    CIRCUIT INTERRUPTION TECHNOLOGY, INC
    REFURVO LLC
APPENDIX
305
  • 13.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 RELAY MARKET SNAPSHOT
  • TABLE 2 INDICATIVE PRICING OF RELAYS, BY TYPE, 2023 (USD/UNIT)
  • TABLE 3 AVERAGE SELLING PRICE TREND OF RELAYS, BY REGION, 2020–2023 (USD/UNIT)
  • TABLE 4 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 5 MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2019–2023
  • TABLE 6 EXPORT DATA FOR HS CODE 853649-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 7 IMPORT SCENARIO FOR HS CODE 853649-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD THOUSAND)
  • TABLE 8 MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 12 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 13 MARKET: REGULATIONS
  • TABLE 14 MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 15 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VOLTAGE RANGE
  • TABLE 16 KEY BUYING CRITERIA, BY VOLTAGE RANGE
  • TABLE 17 WORLDWIDE GDP GROWTH, HISTORICAL VS. PROJECTED, 2021–2028 (USD TRILLION)
  • TABLE 18 INFLATION RATE, ANNUAL PERCENTAGE CHANGE, 2024
  • TABLE 19 MANUFACTURING VALUE ADDED (% OF GDP), 2023
  • TABLE 20 MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 21 MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 22 ELECTROMECHANICAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 23 ELECTROMECHANICAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 24 THERMAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 25 THERMAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 26 REED: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 27 REED: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 28 TIME: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 29 TIME: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 30 SOLID STATE: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 31 SOLID STATE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 32 OTHER TYPES: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 33 OTHER TYPES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 34 MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)
  • TABLE 35 MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)
  • TABLE 36 LOW: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 37 LOW: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 38 MEDIUM: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 39 MEDIUM: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 40 HIGH: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 41 HIGH: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 42 MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)
  • TABLE 43 MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)
  • TABLE 44 PANEL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 45 PANEL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 46 PCB: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 47 PCB: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 48 DIN RAIL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 49 DIN RAIL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 50 PLUG-IN: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 51 PLUG-IN: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 52 OTHER MOUNTING TYPES: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 53 OTHER MOUNTING TYPES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 54 MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 55 MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 56 PROTECTION: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 57 PROTECTION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 58 MONITORING: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 59 MONITORING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 60 CONTROL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 61 CONTROL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 62 MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 63 MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 64 INDUSTRIAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 65 INDUSTRIAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 66 MINING: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 67 MINING: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 68 SEMICONDUCTORS: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 69 SEMICONDUCTORS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 70 MEDICAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 71 MEDICAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 72 WASTE TREATMENT: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 73 WASTE TREATMENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 74 FOOD & BEVERAGES: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 75 FOOD & BEVERAGES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 76 AUTOMOTIVE: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 77 AUTOMOTIVE: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 78 RESIDENTIAL & COMMERCIAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 79 RESIDENTIAL & COMMERCIAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 80 BUILDING EQUIPMENT: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 81 BUILDING EQUIPMENT: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 82 HOUSEHOLD APPLIANCES: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 83 HOUSEHOLD APPLIANCES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 84 ENERGY: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 85 ENERGY: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 86 CONVENTIONAL: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 87 CONVENTIONAL: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 88 RENEWABLES: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 89 RENEWABLES: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 90 GENERATION: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 91 GENERATION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 92 TRANSMISSION & DISTRIBUTION: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 93 TRANSMISSION & DISTRIBUTION: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 94 OTHER VERTICALS: MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 95 OTHER VERTICALS: MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 96 MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 97 MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 98 MARKET, BY REGION, 2020–2023 (THOUSAND UNITS)
  • TABLE 99 MARKET, BY REGION, 2024–2030 (THOUSAND UNITS)
  • TABLE 100 ASIA PACIFIC: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 101 ASIA PACIFIC: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 102 ASIA PACIFIC: MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)
  • TABLE 104 ASIA PACIFIC: MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)
  • TABLE 106 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 108 ASIA PACIFIC: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 109 ASIA PACIFIC: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 110 ASIA PACIFIC: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 111 ASIA PACIFIC: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 112 ASIA PACIFIC: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 113 ASIA PACIFIC: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 114 ASIA PACIFIC: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 115 ASIA PACIFIC: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 116 ASIA PACIFIC: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 117 ASIA PACIFIC: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 118 ASIA PACIFIC: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 119 ASIA PACIFIC: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 120 ASIA PACIFIC: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 121 ASIA PACIFIC: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 122 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 123 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 124 CHINA: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 125 CHINA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 126 CHINA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 127 CHINA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 128 CHINA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 129 CHINA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 130 CHINA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 131 CHINA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 132 CHINA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 133 CHINA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 134 CHINA: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 135 CHINA: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 136 CHINA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 137 CHINA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 138 INDIA: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 139 INDIA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 140 INDIA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 141 INDIA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 142 INDIA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 143 INDIA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 144 INDIA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 145 INDIA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 146 INDIA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 147 INDIA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 148 INDIA: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 149 INDIA: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 150 INDIA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 151 INDIA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 152 JAPAN: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 153 JAPAN: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 154 JAPAN: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 155 JAPAN: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 156 JAPAN: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 157 JAPAN: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 158 JAPAN: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 159 JAPAN: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 160 JAPAN: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 161 JAPAN: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 162 JAPAN: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 163 JAPAN: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 164 JAPAN: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 165 JAPAN: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 166 REST OF ASIA PACIFIC: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 167 REST OF ASIA PACIFIC: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 168 REST OF ASIA PACIFIC: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 169 REST OF ASIA PACIFIC: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 170 REST OF ASIA PACIFIC: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 171 REST OF ASIA PACIFIC: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 172 REST OF ASIA PACIFIC: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 173 REST OF ASIA PACIFIC: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 174 REST OF ASIA PACIFIC: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 175 REST OF ASIA PACIFIC: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 176 REST OF ASIA PACIFIC: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 177 REST OF ASIA PACIFIC: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 178 REST OF ASIA PACIFIC: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 179 REST OF ASIA PACIFIC: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 180 NORTH AMERICA: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 181 NORTH AMERICA MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 182 NORTH AMERICA: MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)
  • TABLE 183 NORTH AMERICA: MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)
  • TABLE 184 NORTH AMERICA: MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)
  • TABLE 185 NORTH AMERICA: MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)
  • TABLE 186 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 187 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 188 NORTH AMERICA: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 189 NORTH AMERICA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 190 NORTH AMERICA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 191 NORTH AMERICA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 192 NORTH AMERICA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 193 NORTH AMERICA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 194 NORTH AMERICA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 195 NORTH AMERICA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 196 NORTH AMERICA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 197 NORTH AMERICA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 198 NORTH AMERICA: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 199 NORTH AMERICA: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 200 NORTH AMERICA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 201 NORTH AMERICA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 202 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 203 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 204 US: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 205 US: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 206 US: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 207 US: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 208 US: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 209 US: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 210 US: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 211 US: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 212 US: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 213 US: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 214 US: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 215 US: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 216 US: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 217 US: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 218 CANADA: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 219 CANADA: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 220 CANADA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 221 CANADA: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 222 CANADA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 223 CANADA: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 224 CANADA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 225 CANADA: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 226 CANADA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 227 CANADA: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 228 CANADA: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 229 CANADA: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 230 CANADA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 231 CANADA: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 232 MEXICO: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 233 MEXICO: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 234 MEXICO: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 235 MEXICO: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 236 MEXICO: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 237 MEXICO: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 238 MEXICO: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 239 MEXICO: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 240 MEXICO: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 241 MEXICO: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 242 MEXICO: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 243 MEXICO: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 244 MEXICO: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 245 MEXICO: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 246 EUROPE: MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 247 EUROPE: MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 248 EUROPE: MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)
  • TABLE 249 EUROPE: MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)
  • TABLE 250 EUROPE: MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)
  • TABLE 251 EUROPE: MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)
  • TABLE 252 EUROPE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 253 EUROPE: MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 254 EUROPE: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 255 EUROPE: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 256 EUROPE: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 257 EUROPE: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 258 EUROPE: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 259 EUROPE: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 260 EUROPE: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 261 EUROPE: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 262 EUROPE: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 263 EUROPE: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 264 EUROPE: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 265 EUROPE: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 266 EUROPE: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 267 EUROPE: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 268 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 269 EUROPE: MARKET, BY COUNTRY, 2024–2030 (USD MILLION)
  • TABLE 270 UK: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 271 UK: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 272 UK: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 273 UK: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 274 UK: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 275 UK: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 276 UK: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 277 UK: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 278 UK: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 279 UK: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 280 UK: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 281 UK: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 282 UK: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 283 UK: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 284 GERMANY: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 285 GERMANY: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 286 GERMANY: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 287 GERMANY: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 288 GERMANY: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 289 GERMANY: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 290 GERMANY: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 291 GERMANY: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 292 GERMANY: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 293 GERMANY: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 294 GERMANY: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 295 GERMANY: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 296 GERMANY: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 297 GERMANY: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 298 POLAND: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 299 POLAND: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 300 POLAND: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 301 POLAND: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 302 POLAND: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 303 POLAND: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 304 POLAND: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 305 POLAND: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 306 POLAND: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 307 POLAND: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 308 POLAND: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 309 POLAND: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 310 POLAND: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 311 POLAND: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 312 FRANCE: MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 313 FRANCE: MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 314 FRANCE: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 315 FRANCE: MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 316 FRANCE: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 317 FRANCE: MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 318 FRANCE: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 319 FRANCE: MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 320 FRANCE: MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 321 FRANCE: MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 322 FRANCE: MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 323 FRANCE: MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 324 FRANCE: MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 325 FRANCE: MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 326 ITALY: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 327 ITALY: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 328 ITALY: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 329 ITALY: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 330 ITALY: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 331 ITALY: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 332 ITALY: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 333 ITALY: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 334 ITALY: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 335 ITALY: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 336 ITALY: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 337 ITALY: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 338 ITALY: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 339 ITALY: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 340 REST OF EUROPE: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 341 REST OF EUROPE: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 342 REST OF EUROPE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 343 REST OF EUROPE: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 344 REST OF EUROPE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 345 REST OF EUROPE: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 346 REST OF EUROPE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 347 REST OF EUROPE: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 348 REST OF EUROPE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 349 REST OF EUROPE: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 350 REST OF EUROPE: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 351 REST OF EUROPE: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 352 REST OF EUROPE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2020–2023 (USD MILLION)
  • TABLE 353 REST OF EUROPE: RELAY MARKET FOR END-USE APPLICATION, BY ENERGY, 2024–2030 (USD MILLION)
  • TABLE 354 ROW: RELAY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 355 ROW: RELAY MARKET, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 356 ROW: RELAY MARKET, BY VOLTAGE RANGE, 2020–2023 (USD MILLION)
  • TABLE 357 ROW: RELAY MARKET, BY VOLTAGE RANGE, 2024–2030 (USD MILLION)
  • TABLE 358 ROW: RELAY MARKET, BY MOUNTING TYPE, 2020–2023 (USD MILLION)
  • TABLE 359 ROW: RELAY MARKET, BY MOUNTING TYPE, 2024–2030 (USD MILLION)
  • TABLE 360 ROW: RELAY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 361 ROW: RELAY MARKET, BY APPLICATION, 2024–2030 (USD MILLION)
  • TABLE 362 ROW: RELAY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 363 ROW: RELAY MARKET, BY VERTICAL, 2024–2030 (USD MILLION)
  • TABLE 364 ROW: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2020–2023 (USD MILLION)
  • TABLE 365 ROW: RELAY MARKET FOR RESIDENTIAL & COMMERCIAL, BY EQUIPMENT, 2024–2030 (USD MILLION)
  • TABLE 366 ROW: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 367 ROW: RELAY MARKET FOR INDUSTRIAL, BY INDUSTRY, 2024–2030 (USD MILLION)
  • TABLE 368 ROW: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2020–2023 (USD MILLION)
  • TABLE 369 ROW: RELAY MARKET FOR AUTOMOTIVE, BY VEHICLE TYPE, 2024–2030 (USD MILLION)
  • TABLE 370 ROW: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE, 2020–2023 (USD MILLION)
  • TABLE 371 ROW: RELAY MARKET FOR ENERGY, BY ENERGY SOURCE, 2024–2030 (USD MILLION)
  • TABLE 372 ROW: RELAY MARKET FOR RENEWABLES, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 373 ROW: RELAY MARKET FOR RENEWABLES, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 374 ROW: RELAY MARKET FOR END-USE APPLICATION, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 375 ROW: RELAY MARKET FOR END-USE APPLICATION, BY TYPE, 2024–2030 (USD MILLION)
  • TABLE 376 ROW: RELAY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 377 ROW: RELAY MARKET, BY REGION, 2024–2030 (USD MILLION)
  • TABLE 378 RELAY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
  • TABLE 379 RELAY MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 380 RELAY MARKET: REGION FOOTPRINT
  • TABLE 381 RELAY MARKET: TYPE FOOTPRINT
  • TABLE 382 RELAY MARKET: MOUNTING TYPE FOOTPRINT
  • TABLE 383 RELAY MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 384 RELAY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 385 RELAY MARKET: DEALS, JANUARY 2021–MAY 2024
  • TABLE 386 RELAY MARKET: EXPANSIONS, JANUARY 2021–MAY 2024
  • TABLE 387 RELAY MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MAY 2024
  • TABLE 388 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
  • TABLE 389 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 390 PANASONIC HOLDINGS CORPORATION: PRODUCT LAUNCHES
  • TABLE 391 PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS
  • TABLE 392 HONGFA: COMPANY OVERVIEW
  • TABLE 393 HONGFA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 394 HONGFA: EXPANSIONS
  • TABLE 395 TE CONNECTIVITY: COMPANY OVERVIEW
  • TABLE 396 TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 397 TE CONNECTIVITY: PRODUCT LAUNCHES
  • TABLE 398 TE CONNECTIVITY: DEALS
  • TABLE 399 TE CONNECTIVITY: EXPANSIONS
  • TABLE 400 OMRON CORPORATION: COMPANY OVERVIEW
  • TABLE 401 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 402 OMRON CORPORATION: PRODUCT LAUNCHES
  • TABLE 403 GE VERNOVA INC.: COMPANY OVERVIEW
  • TABLE 404 GE VERNOVA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 405 GE VERNOVA INC.: DEVELOPMENTS
  • TABLE 406 FUJI ELECTRIC CO., LTD.: COMPANY OVERVIEW
  • TABLE 407 FUJI ELECTRIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 408 FUJI ELECTRIC CO., LTD.: EXPANSIONS
  • TABLE 409 ABB: BUSINESS OVERVIEW
  • TABLE 410 ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 411 ABB: PRODUCT LAUNCHES
  • TABLE 412 ABB: EXPANSIONS
  • TABLE 413 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
  • TABLE 414 SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 415 SCHNEIDER ELECTRIC: DEALS
  • TABLE 416 STANDEX ELECTRONICS, INC.: BUSINESS OVERVIEW
  • TABLE 417 STANDEX ELECTRONICS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 418 STANDEX ELECTRONICS, INC.: DEALS
  • TABLE 419 SENSATA TECHNOLOGIES, INC: COMPANY OVERVIEW
  • TABLE 420 SENSATA TECHNOLOGIES, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 421 SIEMENS: COMPANY OVERVIEW
  • TABLE 422 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 423 SIEMENS: DEALS
  • TABLE 424 EATON: COMPANY OVERVIEW
  • TABLE 425 EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 426 EATON: DEALS
  • TABLE 427 ROCKWELL AUTOMATION: COMPANY OVERVIEW
  • TABLE 428 ROCKWELL AUTOMATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 429 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
  • TABLE 430 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 431 FCL COMPONENTS LIMITED: COMPANY OVERVIEW
  • TABLE 432 FCL COMPONENTS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 433 FCL COMPONENTS LIMITED: PRODUCT LAUNCHES
  • TABLE 434 LITTELFUSE, INC.: COMPANY OVERVIEW
  • TABLE 435 LITTELFUSE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 436 LITTELFUSE, INC.: PRODUCT LAUNCHES
  • TABLE 437 LITTELFUSE, INC.: DEALS
  • TABLE 438 LITTELFUSE, INC.: EXPANSIONS
  • TABLE 439 RELPOL S.A.: COMPANY OVERVIEW
  • TABLE 440 CELDUC RELAIS: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 RELAY MARKET: RESEARCH DESIGN
  • FIGURE 2 BREAKDOWN OF PRIMARIES
  • FIGURE 3 RELAY MARKET: DATA TRIANGULATION
  • FIGURE 4 RELAY MARKET: BOTTOM-UP APPROACH
  • FIGURE 5 RELAY MARKET: TOP-DOWN APPROACH
  • FIGURE 6 RELAY MARKET: DEMAND-SIDE ANALYSIS
  • FIGURE 7 KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF RELAY PROVIDERS
  • FIGURE 8 RELAY MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 9 MARKET SHARE ANALYSIS, 2023
  • FIGURE 10 ASIA PACIFIC HELD LARGEST SHARE OF RELAY MARKET IN 2023
  • FIGURE 11 ELECTROMECHANICAL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 12 LOW VOLTAGE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030
  • FIGURE 13 PANEL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 14 CONTROL SEGMENT TO LEAD RELAY MARKET IN 2030
  • FIGURE 15 INDUSTRIAL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 16 RISING EV DEMAND TO BOOST MARKET DURING FORECAST PERIOD
  • FIGURE 17 ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 18 ELECTROCHEMICAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
  • FIGURE 19 LOW VOLTAGE SEGMENT TO DOMINATE MARKET IN 2030
  • FIGURE 20 PANEL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
  • FIGURE 21 PROTECTION SEGMENT TO DOMINATE MARKET IN 2030
  • FIGURE 22 INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030
  • FIGURE 23 RELAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 24 RENEWABLE CAPACITY ADDITION, 2019–2024
  • FIGURE 25 INVESTMENTS IN ELECTRICITY NETWORKS, BY REGION
  • FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 27 AVERAGE SELLING PRICE TREND OF RELAYS, BY REGION, 2020–2023
  • FIGURE 28 RELAY MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 29 RELAY MARKET: ECOSYSTEM ANALYSIS
  • FIGURE 30 RELAY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2014–2023
  • FIGURE 31 EXPORT DATA FOR HS CODE 853649-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2021–2023
  • FIGURE 32 IMPORT DATA FOR HS CODE 853649-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2021–2023
  • FIGURE 33 RELAY MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS, BY VOLTAGE RANGE
  • FIGURE 35 KEY BUYING CRITERIA, BY VOLTAGE RANGE
  • FIGURE 36 INVESTMENT AND FUNDING SCENARIO, 2023
  • FIGURE 37 IMPACT OF GENERATIVE AI/AI ON SUPPLY CHAIN, BY REGION
  • FIGURE 38 RELAY MARKET SHARE (VALUE), BY TYPE, 2023
  • FIGURE 39 RELAY MARKET SHARE (VALUE), BY VOLTAGE RANGE, 2023
  • FIGURE 40 RELAY MARKET SHARE (VALUE), BY MOUNTING TYPE, 2023
  • FIGURE 41 RELAY MARKET SHARE (VALUE), BY APPLICATION, 2023
  • FIGURE 42 RELAY MARKET SHARE (VALUE), BY VERTICAL, 2023
  • FIGURE 43 ASIA PACIFIC TO RECORD HIGHEST CAGR IN RELAY MARKET DURING FORECAST PERIOD
  • FIGURE 44 RELAY MARKET SHARE (VALUE), BY REGION, 2023
  • FIGURE 45 ASIA PACIFIC: REGIONAL SNAPSHOT, 2023
  • FIGURE 46 NORTH AMERICA: REGIONAL SNAPSHOT, 2023
  • FIGURE 47 RELAY MARKET: SEGMENTAL REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2019–2023
  • FIGURE 48 MARKET SHARE ANALYSIS OF COMPANIES IN RELAY MARKET, 2023
  • FIGURE 49 RELAY MARKET: COMPANY VALUATION, 2023
  • FIGURE 50 RELAY MARKET: FINANCIAL METRICS (EV/EBITDA), 2023
  • FIGURE 51 RELAY MARKET: TYPE- AND VERTICAL-WISE COMPARISON
  • FIGURE 52 RELAY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 53 RELAY MARKET: COMPANY FOOTPRINT
  • FIGURE 54 RELAY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 55 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 56 HONGFA: COMPANY SNAPSHOT
  • FIGURE 57 TE CONNECTIVITY: COMPANY SNAPSHOT
  • FIGURE 58 OMRON CORPORATION: COMPANY SNAPSHOT
  • FIGURE 59 GE VERNOVA INC.: COMPANY SNAPSHOT
  • FIGURE 60 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 61 ABB: COMPANY SNAPSHOT
  • FIGURE 62 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
  • FIGURE 63 STANDEX ELECTRONICS, INC.: COMPANY SNAPSHOT
  • FIGURE 64 SENSATA TECHNOLOGIES, INC: COMPANY SNAPSHOT
  • FIGURE 65 SIEMENS: COMPANY SNAPSHOT
  • FIGURE 66 EATON: COMPANY SNAPSHOT
  • FIGURE 67 ROCKWELL AUTOMATION: COMPANY SNAPSHOT
  • FIGURE 68 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
  • FIGURE 69 LITTELFUSE, INC.: COMPANY SNAPSHOT

 

The study involved major activities in estimating the current size of the relay market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; and databases of various companies and associations. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both, market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, and related key executives from various companies and organizations operating in the relay market.

In the complete market engineering process, the top-down and bottom-up approaches, along with several data triangulation methods, were extensively used to perform the market size estimations and forecasts for all segments and subsegments listed in this report. Extensive qualitative and quantitative analyses were conducted to complete the market engineering process and list key information/insights throughout the report. Following is the breakdown of primary respondents:

Relay Market Size, and Share

Note: Other designations include sales managers, engineers, and regional managers.
The tier of the companies is defined based on their total revenue; as of 2023: Tier 1 = > USD 1 billion,
Tier 2 = From USD 500 million to USD 1 billion, and Tier 3 = < USD 500 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the relay market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

Relay Market : Top-Down and Bottom-Up Approach

Relay Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was validated using the top-down and bottom-up approaches.

Market Definition

A relay is an electrically operated switch that regulates the flow of electricity in a circuit by utilizing a low-power signal to control higher-power currents. It functions by opening or closing electrical contacts and is widely used in sectors such as automation, telecommunications, and electrical protection. These devices play a vital role in enhancing automation and safety within electrical systems, enabling remote control of circuits without human intervention. Their swift and precise response to electrical fluctuations makes them essential in fields like power distribution, manufacturing, and transportation. In industrial environments, relays boost efficiency by automating processes, while in protective applications, they help safeguard equipment by responding to faults. With ongoing technological advancements, modern relays are increasingly integrating digital capabilities for improved control and seamless incorporation into complex electrical systems.

Stakeholders

  • Energy utilities
  • Automotive relay manufacturers
  • State and national regulatory authorities
  • Organizations, forums, alliances, and associations
  • Investors/Shareholders
  • Manufacturers’ associations
  • Relay raw material and component manufacturers
  • Relay manufacturers, dealers, and suppliers
  • Electrical equipment manufacturers’ associations and groups
  • Power utilities and other end-user companies
  • Consulting companies in the energy and power domain
  • EV relay manufacturers

Report Objectives

  • To define, describe, analyze, and forecast the relay market based on mounting type, application, voltage range, type, verticals, and region
  • To identify, explain, and divide the market for relay according to application
  • To project the market sizes for each of the four major regions—North America, Europe, Asia Pacific, and Rest Of world ,—at the individual nation levels
  • To give comprehensive details regarding the main factors, obstacles, chances, and sector-specific difficulties impacting the expansion of the relay market
  • To systematically examine the market for relay in terms of each segment's contributions to the market, growth trends, and prospects
  • To provide the impact, supply chain analysis, trends/disruptions impacting customer business, market map, pricing analysis, and regulatory analysis of the relay market
  • To conduct a strategic analysis of micromarkets1 concerning their respective growth trends, planned expansions, and market share contributions.
  • To sketch a competitive environment for market participants and assess the potential for stakeholders in the relay business
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To compare key market players for the market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies
  • To track and analyze competitive developments in the relay market, such as sales contracts, agreements, investments, expansions, product launches, alliances, mergers, partnerships, joint ventures, collaborations, and acquisitions
  • To study the impact of AI/Gen AI on the market under study, along with the global macroeconomic outlook

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players

Previous Versions of this Report

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

Report Code EP 8558
Published in Nov, 2024, By MarketsandMarkets™

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

Report Code EP 8558
Published in Feb, 2023, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Relay Market

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