Market Overview:
The global electric vehicle relays market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles across the globe. Electric vehicles are powered by electricity and do not emit harmful gases, which makes them environment-friendly. This is one of the major factors that is driving the demand for electric vehicles, thereby propelling the growth of the global electric vehicle relays market. The plug-in relay segment is expected to hold a dominant position in terms of revenue share in 2018 and is projected to maintain its dominance throughout the forecast period. This can be attributed to their ability to offer high current carrying capacity as compared with PCB relays, which makes them suitable for use in high power applications such as PHEVs and BEVs.
Product Definition:
Electric Vehicle Relays are devices that allow current to flow through them when they are activated. They can be used to switch power on and off, or to control the flow of current in a circuit. Electric Vehicle Relays are important because they allow vehicles to use less energy, which makes them more environmentally friendly.
Plug-in Relay:
Plug-in relay is a device used to control electrical equipment remotely. It is also known as electronic switch or contactor. The plug-in relay market has been witnessing significant growth owing to the growing demand for electric vehicles (EV). Increasing government regulations on carbon emissions and fuel efficiency targets have been driving the EV industry, which in turn has driven the need for advanced vehicle electrification technologies such as start/stop technology, hybrid systems, and battery power among others.
PCB Relay:
PCB relay is a printed circuit board with electrical components mounted on it. It is used in electric vehicle relays market for switching the current from one circuit to another. The working of PCB relay is similar to that of a normal switchboard, which consists of two conductors connected by an insulating layer, which can be turned on and off by controlling the flow of current through it.
Application Insights:
The application segment is segregated into passenger and commercial vehicles, wherein the passenger vehicle segment dominated the overall market in terms of revenue share in 2017. The commercial vehicle segment is anticipated to witness significant growth over the forecast period. Passenger electric vehicles accounted for a major share owing to their higher efficiency and lower operating cost as compared to their combustion engine counterparts. This factor has led to an increased penetration of PEVs across various regions, including North America, Europe, Asia Pacific and Middle East & Africa.
The growing demand for EVs from both individual consumers as well as corporate entities has resulted in increasing investments by several companies towards research & development activities pertaining to electric vehicle applications within industrial sectors such as logistics and warehousing among others which are expected drive industry growth over the coming years.
Regional Analysis:
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing government initiatives for promoting electric vehicles in China, Japan, and India. For instance, in September 2016, the Chinese government announced a plan to invest around USD X billion by 2020 on developing new energy vehicles (NESS) that do not use any kind of fossil fuel. The policy aims at reducing carbon emissions and air pollution caused due to the burning of fossil fuels in cars.
North America was estimated as the second-largest regional market with a share of more than 20% in 2017 owing to high demand from U.S., which is one of the major markets for EV relay systems worldwide.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% from 2016 to 2020, according to a MarketsandMarkets research study. This is primarily due to the increasing environmental concerns and the need for energy security across the globe.
- Government initiatives and subsidies: Governments around the world are providing various incentives such as tax rebates, subsidies, and parking privileges to promote the adoption of electric vehicles. For instance, in China, a subsidy of up to 00 is offered for each electric vehicle purchase.
- Reduction in battery costs: The cost of batteries accounts for almost half of an electric vehicle’s total cost. However, over the past few years there has been a significant reduction in battery costs due to advancements in technology and economies of scale achieved by leading players such as Tesla Motors Inc., Panasonic Corporation, LG Chem Ltd., etcetera . This is likely to further fuel growth prospects for the Electric Vehicle Relays market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Vehicle Relays Market Research Report
By Type
Plug-in Relay, PCB Relay
By Application
PHEVs, BEVs
By Companies
DENSO CORPORATION, Panasonic, Fujitsu, Mouser Electronics, Delphi Automotive, OMRON Corporation, YMtech, American Zettler, Xiamen Hongfa Electroacoustic, Shanghai Hugong Auto-Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Electric Vehicle Relays Market Report Segments:
The global Electric Vehicle Relays market is segmented on the basis of:
Types
Plug-in Relay, PCB Relay
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PHEVs, BEVs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DENSO CORPORATION
- Panasonic
- Fujitsu
- Mouser Electronics
- Delphi Automotive
- OMRON Corporation
- YMtech
- American Zettler
- Xiamen Hongfa Electroacoustic
- Shanghai Hugong Auto-Electric
Highlights of The Electric Vehicle Relays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plug-in Relay
- PCB Relay
- By Application:
- PHEVs
- BEVs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Vehicle Relays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electric Vehicle Relays are a type of electrical switch that can be used to control the flow of electricity in an electric vehicle. They are typically used to turn on and off the battery, or to change the voltage of the battery.
Some of the major companies in the electric vehicle relays market are DENSO CORPORATION, Panasonic, Fujitsu, Mouser Electronics, Delphi Automotive, OMRON Corporation, YMtech, American Zettler, Xiamen Hongfa Electroacoustic, Shanghai Hugong Auto-Electric.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Vehicle Relays Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Vehicle Relays Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Vehicle Relays Market - Supply Chain
4.5. Global Electric Vehicle Relays Market Forecast
4.5.1. Electric Vehicle Relays Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Vehicle Relays Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Vehicle Relays Market Absolute $ Opportunity
5. Global Electric Vehicle Relays Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Vehicle Relays Market Size and Volume Forecast by Type
5.3.1. Plug-in Relay
5.3.2. PCB Relay
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Vehicle Relays Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Vehicle Relays Market Size and Volume Forecast by Application
6.3.1. PHEVs
6.3.2. BEVs
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Vehicle Relays Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Vehicle Relays Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Vehicle Relays Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Vehicle Relays Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Vehicle Relays Demand Share Forecast, 2019-2026
9. North America Electric Vehicle Relays Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Vehicle Relays Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Vehicle Relays Market Size and Volume Forecast by Application
9.4.1. PHEVs
9.4.2. BEVs
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Vehicle Relays Market Size and Volume Forecast by Type
9.7.1. Plug-in Relay
9.7.2. PCB Relay
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Vehicle Relays Demand Share Forecast, 2019-2026
10. Latin America Electric Vehicle Relays Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Vehicle Relays Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Vehicle Relays Market Size and Volume Forecast by Application
10.4.1. PHEVs
10.4.2. BEVs
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Vehicle Relays Market Size and Volume Forecast by Type
10.7.1. Plug-in Relay
10.7.2. PCB Relay
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Vehicle Relays Demand Share Forecast, 2019-2026
11. Europe Electric Vehicle Relays Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Vehicle Relays Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Vehicle Relays Market Size and Volume Forecast by Application
11.4.1. PHEVs
11.4.2. BEVs
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Vehicle Relays Market Size and Volume Forecast by Type
11.7.1. Plug-in Relay
11.7.2. PCB Relay
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analyss
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Vehicle Relays Demand Share, 2019-2026
12. Asia Pacific Electric Vehicle Relays Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Vehicle Relays Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Vehicle Relays Market Size and Volume Forecast by Application
12.4.1. PHEVs
12.4.2. BEVs
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Vehicle Relays Market Size and Volume Forecast by Type
12.7.1. Plug-in Relay
12.7.2. PCB Relay
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Vehicle Relays Demand Share, 2019-2026
13. Middle East & Africa Electric Vehicle Relays Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Vehicle Relays Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Vehicle Relays Market Size and Volume Forecast by Application
13.4.1. PHEVs
13.4.2. BEVs
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Vehicle Relays Market Size and Volume Forecast by Type
13.7.1. Plug-in Relay
13.7.2. PCB Relay
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Vehicle Relays Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Vehicle Relays Market: Market Share Analysis
14.2. Electric Vehicle Relays Distributors and Customers
14.3. Electric Vehicle Relays Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DENSO CORPORATION
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Panasonic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fujitsu
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mouser Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Delphi Automotive
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. OMRON Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. YMtech
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. American Zettler
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Xiamen Hongfa Electroacoustic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Hugong Auto-Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
