Reports
Sale
Global HVAC Relay Market Share, Size, Growth, Analysis: By Source: Solid State Relay, Electromagnetic Relay, Thermal Relay, Hybrid Relay; By Application: Residential, Automotive, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
HVAC Relay Market Share
Electromagnetic relay accounts for a major share due to its proven performance in heavy-duty applications and cost-effectiveness
The electromagnetic relay is expected to hold the largest market share owing to lower costs and wide usage for its capability of handling large amounts of output. The hybrid relay is a combination of both static-relay and electro-mechanical relay. It utilises both the advantage of minimal voltage drop with high durability and removing interference generation. This segment is expected to experience rapid growth during the forecast period.
Solid state relays are anticipated to gain significant growth in the forecast period as SSRs use semiconductors to switch circuits without moving parts, offering faster switching times, higher durability, and better resistance to vibrations and shocks.
Automotive segment continues to gain sizeable growth due to the rising sales of vehicles
The automotive segment holds a major share of the HVAC relay market. It is expected to show rapid development due to the increasing sales of vehicles and rising demand for advanced air quality management systems in vehicles. The improving living standards are expected to further propel the market expansion.
The commercial sector is expected to gain robust growth in the HVAC relay market in the coming years. This sector includes a wide range of facilities such as offices, retail stores, schools, hospitals, and other public and business establishments. The extensive use of HVAC systems in these settings to ensure comfort, proper air quality, and temperature control drives significant demand for HVAC relays.
HVAC Relay Market Report Snapshots
HVAC Relay Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global HVAC Relay Market Analysis
8.1 Key Industry Highlights
8.2 Global HVAC Relay Historical Market (2018-2023)
8.3 Global HVAC Relay Market Forecast (2024-2032)
8.4 Global HVAC Relay Market by Source
8.4.1 Solid State Relay
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Electromagnetic Relay
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Thermal Relay
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Hybrid Relay
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global HVAC Relay Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Commercial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Industrial
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.6 Global HVAC Relay Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 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 for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 TE Connectivity Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Eaton Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ABB Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsubishi Electric Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global HVAC Relay Market: Key Industry Highlights, 2018 and 2032
2. Global HVAC Relay Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global HVAC Relay Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global HVAC Relay Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global HVAC Relay Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global HVAC Relay Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global HVAC Relay Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America HVAC Relay Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe HVAC Relay Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific HVAC Relay Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America HVAC Relay Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa HVAC Relay Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global HVAC Relay Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 6.80% during the period 2024-2032.
The market is driven by the growing automotive industry and the increasing application of HVAC systems for better air quality management.
The manufacturing of smart HVAC systems for better power efficiency and the utilisation of AI-enabled sensors for automation of the system are key trends in the market.
The regional markets for HVAC relay include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The different sources in the market include solid state relay, electromagnetic relay, thermal relay, and hybrid relay.
The applications available in the market include residential, automotive, commercial, and industrial.
The major players in the market are TE Connectivity Corporation, Eaton Corporation, ABB Ltd., Hitachi, Ltd., and Mitsubishi Electric Corporation, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER