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Europe Relay Market

Europe Relay Market Size, Share, Trends, Growth, Forecast: By Type: Electromechanical, Thermal, Reed, Time, Solid State, Others; By Voltage Range: Low, Medium, High; By End Use: Aerospace, Defence and Military, Automotive, Communications, Energy and Power, Industrial, Others; Regional Analysis; Competitive Landscape; 2024-2032

Europe Relay Market Outlook

The Europe relay market size is projected to grow at a CAGR of 5.2% between 2024 and 2032, The market is being aided by the increasing automation of relay testing processes, which is contributing to improvements in the quality and volume of relay production.

 

Key Takeaways

  • Solid state relays are expected to constitute a major portion of the Europe relay market share.
  • The automotive sector is expected to remain a major end-user of relays in Europe.
  • Germany is expected to witness a significant surge in the demand for relays.

 

The increasing importance of relay testing for ensuring compliance with industrial standards and checking performance efficiency is prompting major market players to make substantial investments in the establishment of relay testing laboratories. These labs have high voltage testing stations, advanced cameras, temperature simulators, and leakage testers which detect (potential) faults within relays and eliminate them.

 

Different customers can approach these labs to gain an in-depth understanding of why their unique relays fail and receive recommendations for improving relay design and production processes. This is expected to propel the Europe relay market expansion over the forecast period.

 

The  automotive industry is expected to remain a major end-user of relays. This is because of increasing product innovations and the rising adoption of zero-emission electric vehicles in major European cities. The introduction of advanced automotive relays, which have undergone rigorous short circuit testing and provide a high level of safety to electric vehicle charging equipment, is expected to have a favourable influence on the demand for relays, thereby driving the Europe relay market growth over the forecast period.

 

The increasing demand for electricity in Europe is expected to lead to the expansion of the energy and power sectors. As governments across the region build additional infrastructural capacity for the distribution of power, the demand for relays is anticipated to witness significant growth in the forecast period.

 

Europe Relay Market

 

Market Segmentation

Europe Relay Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup by Type

  • Electromechanical
  • Thermal
  • Reed
  • Time
  • Solid State
  • Others

 

Market Breakup by Voltage Range

  • Low
  • Medium
  • High

 

Market Breakup by End Use

  • Aerospace, Defence and Military
  • Automotive
  • Communications
  • Energy and Power
  • Industrial

 

Market Breakup by Country

  • Germany
  • United Kingdom
  • France
  • Italy
  • Others

 

The key Europe relay market players are Robert Bosch GmbH, Denson Corp., Panasonic Holdings Corp., Nidec Corporation, Eaton Corp. Plc, Schneider Electric SE, ABB Ltd., MTA S.p.A, Hella GmbH & Co. KGaA, Fujitsu Ltd., Zettler Group, Hongfa Technology Co. Ltd., and Song Chuan Group Company, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Voltage Range
  • End Use
  • Region
Breakup by Type
  • Electromechanical
  • Thermal
  • Reed
  • Time
  • Solid State
  • Others
Breakup by Voltage Range
  • Low
  • Medium
  • High
Breakup by End Use
  • Aerospace, Defence and Military
  • Automotive
  • Communications
  • Energy and Power
  • Industrial
  • Others
Breakup by Region
  • Germany
  • United Kingdom
  • France
  • Italy
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Robert Bosch GmbH
  • Denson Corp.
  • Panasonic Holdings Corp.
  • Nidec Corporation
  • Eaton Corp. Plc
  • Schneider Electric SE
  • ABB Ltd.
  • MTA S.p.A.
  • Hella GmbH & Co. KGaA
  • Fujitsu Ltd.
  • Zettler Group
  • Hongfa Technology Co. Ltd.
  • Song Chuan Group Company
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Global Relay Market Overview

    8.1    Key Industry Highlights
    8.2    Global Relay Historical Market (2018-2023) 
    8.3    Global Relay Market Forecast (2024-2032)
    8.4    Global Relay Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    Europe Relay Market Overview​​​​​​​
    9.1    Key Industry Highlights
    9.2    Europe Relay Historical Market (2018-2023) 
    9.3    Europe Relay Market Forecast (2024-2032)
10    Europe Relay Market by Type​​​​​​​
    10.1    Electromechanical
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Thermal
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    Reed
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Time
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Solid State
        10.5.1    Historical Trend (2018-2023)
        10.5.2    Forecast Trend (2024-2032)
    10.6    Others
11    Europe Relay Market by Voltage Range​​​​​​​
    11.1    Low
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Medium
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    High
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
12    Europe Relay Market by End Use​​​​​​​
    12.1    Aerospace, Defence and Military
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Automotive
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Communications
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Energy and Power
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Industrial
        12.5.1    Historical Trend (2018-2023)
        12.5.2    Forecast Trend (2024-2032)
    12.6    Others
13    Europe Relay Market by Country​​​​​​​
    13.1    Germany
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Kingdom
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    France
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    Italy
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics​​​​​​​
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators of Demand
    14.4    Key Indicators of Price
15    Value Chain Analysis​​​​​​​
16    Trade Data Analysis (HS Code – 853641, 853649)

    16.1    Major Exporting Countries 
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries 
        16.2.1    By Value
        16.2.2    By Volume
17    Competitive Landscape​​​​​​​
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Robert Bosch GmbH 
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Denson Corp. 
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Panasonic Holdings Corp. 
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Nidec Corporation 
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Eaton Corp. Plc  
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Schneider Electric SE  
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    ABB Ltd.  
            17.2.7.1    Company Overview
            17.2.7.2    Product Portfolio
            17.2.7.3    Demographic Reach and Achievements
            17.2.7.4    Certifications
        17.2.8    MTA S.p.A.   
            17.2.8.1    Company Overview
            17.2.8.2    Product Portfolio
            17.2.8.3    Demographic Reach and Achievements
            17.2.8.4    Certifications
        17.2.9    Hella GmbH & Co. KGaA  
            17.2.9.1    Company Overview
            17.2.9.2    Product Portfolio
            17.2.9.3    Demographic Reach and Achievements
            17.2.9.4    Certifications
        17.2.10    Fujitsu Ltd. 
            17.2.10.1    Company Overview
            17.2.10.2    Product Portfolio
            17.2.10.3    Demographic Reach and Achievements
            17.2.10.4    Certifications
        17.2.11    Zettler Group 
            17.2.11.1    Company Overview
            17.2.11.2    Product Portfolio
            17.2.11.3    Demographic Reach and Achievements
            17.2.11.4    Certifications
        17.2.12    Hongfa Technology Co. Ltd.   
            17.2.12.1    Company Overview
            17.2.12.2    Product Portfolio
            17.2.12.3    Demographic Reach and Achievements
            17.2.12.4    Certifications
        17.2.13    Song Chuan Group Company  
            17.2.13.1    Company Overview
            17.2.13.2    Product Portfolio
            17.2.13.3    Demographic Reach and Achievements
            17.2.13.4    Certifications
        17.2.14    Others
18    Key Trends and Developments in the Market​​​​​​​

 

List of Key Figures and Tables

1.    Global Relay Market: Key Industry Highlights, 2018 and 2032
2.    Europe Relay Market: Key Industry Highlights, 2018 and 2032
3.    Europe Relay Historical Market: Breakup by Type (USD Million), 2018-2023
4.    Europe Relay Market Forecast: Breakup by Type (USD Million), 2024-2032
5.    Europe Relay Historical Market: Breakup by Voltage Range (USD Million), 2018-2023
6.    Europe Relay Market Forecast: Breakup by Voltage Range (USD Million), 2024-2032
7.    Europe Relay Historical Market: Breakup by End Use (USD Million), 2018-2023
8.    Europe Relay Market Forecast: Breakup by End Use (USD Million), 2024-2032
9.    Europe Relay Historical Market: Breakup by Country (USD Million), 2018-2023
10.    Europe Relay Market Forecast: Breakup by Country (USD Million), 2024-2032
11.    Major Exporting Countries by Value
12.    Major Importing Countries by Value
13.    Major Exporting Countries by Volume
14.    Major Importing Countries by Volume
15.    Europe Relay Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 5.2% between 2024 and 2032.

The different voltage ranges of relay include low, medium, and high.

The different end uses of relay include aerospace, defence, and military, automotive, communications, energy and power, and industrial, among others.

The major countries in the market include Germany, the United Kingdom, France, and Italy, among others.

The key market players are Robert Bosch GmbH, Denson Corp., Panasonic Holdings Corp., Nidec Corporation, Eaton Corp. Plc, Schneider Electric SE, ABB Ltd., MTA S.p.A, Hella GmbH & Co. KGaA, Fujitsu Ltd., Zettler Group, Hongfa Technology Co. Ltd., and Song Chuan Group Company, among others.

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