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North America Relay Market Size, Share, Growth, Analysis: 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
North America Relay Market Outlook
The North America relay market size is projected to grow at a CAGR of 5.4% between 2024 and 2032. Rapid technological advancements are expected to drive the market growth over the forecast period.
Key Takeaways
- Reed relays are expected to constitute a major portion of the North America relay market share.
- The aerospace, defence and military sector is expected to become a major end-user of relays in North America.
- The United States of America is expected to dominate the demand for relays over the forecast period.
Technological advancements are enabling companies to manufacture innovative current switching solutions, such as photoelectrical relays, driving the North America relay market growth. Photoelectric relays are relatively more durable and reliable than mechanical relays as they utilise light for their operation. Besides, they require a relatively small amount of current (3mA-5mA) to move the armature and get the output. This results in substantial power savings.
Photoelectrical relays can prevent contact bounce and provide faster switching speeds. Their small size and high efficiency are fuelling their demand, which is expected to fuel the market over the forecast period.
The demand for reed relays is witnessing significant growth in testing and measurement applications. This is because they have lightweight parts that enable faster switching (up to a factor of 10). Moreover, they have a high range of operating speed (200-500 microseconds), which significantly minimises the time and cost of testing in the production environment.
Reed relays provide a high insulation resistance and are capable of handling high-frequency signals. Their hermetically sealed contacts prevent the entry of contaminants into critical contact areas, which helps in improving their switching characteristics. Their small size and fast actuation time are making them increasingly popular across diverse industries, driving the North America relay market development.
Market Segmentation
North America 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
- Others
Market Breakup by Region
- United States of America
- Canada
The key North America relay market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Eaton Corp. Plc, Schneider Electric SE, ABB Ltd., Panasonic Holdings Corp., Sensata Technologies Holding Plc, Fujitsu Ltd., Nidec Corporation, and Hongfa Technology Co. Ltd., 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:
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| Breakup by Type |
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| Breakup by Voltage Range |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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
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 North America Relay Market Overview
9.1 Key Industry Highlights
9.2 North America Relay Historical Market (2018-2023)
9.3 North America Relay Market Forecast (2024-2032)
10 North America 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 North America 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 North America 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 North America Relay Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 TE Connectivity Ltd.
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 Denson 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 Eaton Corp. Plc
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 Schneider Electric SE
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 ABB Ltd.
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 Panasonic Holdings Corp.
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 Sensata Technologies Holding Plc
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 Fujitsu Ltd.
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 Nidec Corporation
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 Hongfa Technology Co. Ltd.
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 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. North America Relay Market: Key Industry Highlights, 2018 and 2032
3. North America Relay Historical Market: Breakup by Type (USD Million), 2018-2023
4. North America Relay Market Forecast: Breakup by Type (USD Million), 2024-2032
5. North America Relay Historical Market: Breakup by Voltage Range (USD Million), 2018-2023
6. North America Relay Market Forecast: Breakup by Voltage Range (USD Million), 2024-2032
7. North America Relay Historical Market: Breakup by End Use (USD Million), 2018-2023
8. North America Relay Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. North America Relay Historical Market: Breakup by Country (USD Million), 2018-2023
10. North America 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. North America Relay Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The different voltage range of automotive relay include low, medium, and high.
The different end uses of automotive relay are aerospace, defence and military, automotive, communications, energy and power, and industrial, among others.
The major countries in the market include the United States of America and Canada.
The key market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Eaton Corp. Plc, Schneider Electric SE, ABB Ltd., Panasonic Holdings Corp., Sensata Technologies Holding Plc, Fujitsu Ltd., Nidec Corporation, and Hongfa Technology Co. Ltd., among others.
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