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North America Relay Market

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.

 

North America Relay Market

 

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:

  • 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
  • United States of America
  • Canada
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
  • TE Connectivity Ltd.
  • Denson Corp.
  • Eaton Corp. Plc
  • Schneider Electric SE
  • ABB Ltd.
  • Panasonic Holdings Corp.
  • Sensata Technologies Holding Plc
  • Fujitsu Ltd.
  • Nidec Corporation
  • Hongfa Technology Co. Ltd.
  • 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    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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