Market Overview:
The global appliance relay market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient appliances and the growing awareness about energy conservation. In addition, the increasing demand for smart homes is also contributing to the growth of this market. The electromagnetic relay segment is expected to dominate the global appliance relay market during the forecast period. This segment accounted for a majority ofthe share in 2017 and is projectedto maintain its dominance duringthe forecast period owingto its high efficiency and reliability.
Product Definition:
An appliance relay is a device that switches power on and off to electrical appliances. They are often used in homes to control large appliances such as air conditioners, refrigerators, and ovens. Appliance relays are important because they allow homeowners to control when these devices are turned on or off without having to be there in person.
Electromagnetic Relay:
Electromagnetic relay is a device that utilizes electromagnetic effects for the transmission of signals. It differs from electro-mechanical relays in that electromagnetic relays use an electric current instead of mechanical components to transfer information. The main applications include consumer electronics, home appliances, and industrial equipment among others.
The global Electromagnetic relay market size was valued at USD 6,500 million in 2015.
Solid State Relay:
Solid state relay (SSR) is a type of electronic component that can be used in place of conventional mechanical, electromechanical or pneumatic components. It offers several advantages such as high switching speed, low power consumption and better efficiency which propels its usage in various applications including home appliances and industrial equipment.
Application Insights:
The air conditioner application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for energy-efficient products with improved performance characteristics as compared to conventional counterparts. Moreover, growing concerns regarding climate change have resulted in increased focus on reducing carbon emissions by adopting energy-efficient appliances across residential and commercial sectors globally.
The refrigerator segment held a significant market share in 2017 and is expected to grow at a steady rate over the forecast period owing to high product demand from developed economies such as U.K., Germany, U.S., Japan, etc., which are characterized by high consumption of cold beverages such as juices, soft drinks among others that require cooling systems equipped with efficient components that work without electricity supply during power outages or emergencies situations (such as natural disasters).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth can be attributed to the presence of numerous manufacturing units of major appliances in China and India. Furthermore, increasing disposable income levels coupled with rising standards of living are expected to drive demand for these products in this region.
North America accounted for more than 25% share in 2017 owing to early adoption by consumers as well as manufacturers regarding energy efficiency associated with electrical equipment across various applications such as refrigerators, air conditioners, washing machines and dishwashers among others. Moreover, growing awareness regarding carbon emission caused dueto usageof electricity is anticipatedto further boost product demand over the forecast period.
Europe was estimated at nearly USD X million in 2017 owing to high consumption rates pertaining refrigeration equipment across several industries including food & beverage.
Growth Factors:
- Increasing demand from the commercial sector for energy-efficient appliances
- Proliferation of smart homes and the Internet of Things (IoT)
- Growing popularity of home automation and connected appliances
- Rising disposable incomes and consumer spending in developing countries
- Advances in technology that make appliances more energy-efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Appliance Relay Market Research Report
By Type
Electromagnetic Relay, Solid State Relay
By Application
Air Conditioner, Refrigerator, Washing Machine, Others
By Companies
Hongfa Technology Co., Ltd., Omron, Fujitsu, TE Connectivity, Panasonic, Song Chuan, Sanyou, Zhejiang HKE Co., Ltd., Ningbo Forward Relay Corp.Ltd, Songle, Rockwell Automation, ABB, Schneider Electric, Teledyne, Fuji Electric, Zettler Group, FINDER S.p.A., Churod Electronics Co., Ltd, Eaton, CHANGSHA ZOMKUN ELECTRICAL SCIENCE&TECHNOLOGY CO.,LTD, CHINT Electrics, Zhejiang Great Electrical Co., Ltd.
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Appliance Relay Market Report Segments:
The global Appliance Relay market is segmented on the basis of:
Types
Electromagnetic Relay, Solid State 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
Air Conditioner, Refrigerator, Washing Machine, Others
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:
- Hongfa Technology Co., Ltd.
- Omron
- Fujitsu
- TE Connectivity
- Panasonic
- Song Chuan
- Sanyou
- Zhejiang HKE Co., Ltd.
- Ningbo Forward Relay Corp.Ltd
- Songle
- Rockwell Automation
- ABB
- Schneider Electric
- Teledyne
- Fuji Electric
- Zettler Group
- FINDER S.p.A.
- Churod Electronics Co., Ltd
- Eaton
- CHANGSHA ZOMKUN ELECTRICAL SCIENCE&TECHNOLOGY CO.,LTD
- CHINT Electrics
- Zhejiang Great Electrical Co., Ltd.
Highlights of The Appliance Relay 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:
- Electromagnetic Relay
- Solid State Relay
- By Application:
- Air Conditioner
- Refrigerator
- Washing Machine
- Others
- 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 Appliance Relay 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Appliance relay is a service that helps you keep your appliances working by connecting them to the internet. When an appliance fails, Appliance relay can help you troubleshoot the issue and get your appliance back up and running as quickly as possible.
Some of the major companies in the appliance relay market are Hongfa Technology Co., Ltd., Omron, Fujitsu, TE Connectivity, Panasonic, Song Chuan, Sanyou, Zhejiang HKE Co., Ltd., Ningbo Forward Relay Corp.Ltd, Songle, Rockwell Automation, ABB, Schneider Electric, Teledyne, Fuji Electric, Zettler Group, FINDER S.p.A., Churod Electronics Co., Ltd, Eaton, CHANGSHA ZOMKUN ELECTRICAL SCIENCE&TECHNOLOGY CO.,LTD, CHINT Electrics, Zhejiang Great Electrical Co., Ltd..
The appliance relay market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Appliance Relay Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Appliance Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Appliance Relay Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Appliance Relay Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Appliance Relay Market Size & Forecast, 2018-2028
4.5.1 Appliance Relay Market Size and Y-o-Y Growth
4.5.2 Appliance Relay Market Absolute $ Opportunity
Chapter 5 Global Appliance Relay Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Appliance Relay Market Size Forecast by Type
5.2.1 Electromagnetic Relay
5.2.2 Solid State Relay
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Appliance Relay Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Appliance Relay Market Size Forecast by Applications
6.2.1 Air Conditioner
6.2.2 Refrigerator
6.2.3 Washing Machine
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Appliance Relay Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Appliance Relay Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Appliance Relay Analysis and Forecast
9.1 Introduction
9.2 North America Appliance Relay Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Appliance Relay Market Size Forecast by Type
9.6.1 Electromagnetic Relay
9.6.2 Solid State Relay
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Appliance Relay Market Size Forecast by Applications
9.10.1 Air Conditioner
9.10.2 Refrigerator
9.10.3 Washing Machine
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Appliance Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Appliance Relay Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Appliance Relay Market Size Forecast by Type
10.6.1 Electromagnetic Relay
10.6.2 Solid State Relay
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Appliance Relay Market Size Forecast by Applications
10.10.1 Air Conditioner
10.10.2 Refrigerator
10.10.3 Washing Machine
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Appliance Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Appliance Relay Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Appliance Relay Market Size Forecast by Type
11.6.1 Electromagnetic Relay
11.6.2 Solid State Relay
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Appliance Relay Market Size Forecast by Applications
11.10.1 Air Conditioner
11.10.2 Refrigerator
11.10.3 Washing Machine
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Appliance Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Appliance Relay Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Appliance Relay Market Size Forecast by Type
12.6.1 Electromagnetic Relay
12.6.2 Solid State Relay
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Appliance Relay Market Size Forecast by Applications
12.10.1 Air Conditioner
12.10.2 Refrigerator
12.10.3 Washing Machine
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Appliance Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Appliance Relay Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Appliance Relay Market Size Forecast by Type
13.6.1 Electromagnetic Relay
13.6.2 Solid State Relay
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Appliance Relay Market Size Forecast by Applications
13.10.1 Air Conditioner
13.10.2 Refrigerator
13.10.3 Washing Machine
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Appliance Relay Market: Competitive Dashboard
14.2 Global Appliance Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hongfa Technology Co., Ltd.
14.3.2 Omron
14.3.3 Fujitsu
14.3.4 TE Connectivity
14.3.5 Panasonic
14.3.6 Song Chuan
14.3.7 Sanyou
14.3.8 Zhejiang HKE Co., Ltd.
14.3.9 Ningbo Forward Relay Corp.Ltd
14.3.10 Songle
14.3.11 Rockwell Automation
14.3.12 ABB
14.3.13 Schneider Electric
14.3.14 Teledyne
14.3.15 Fuji Electric
14.3.16 Zettler Group
14.3.17 FINDER S.p.A.
14.3.18 Churod Electronics Co., Ltd
14.3.19 Eaton
14.3.20 CHANGSHA ZOMKUN ELECTRICAL SCIENCE&TECHNOLOGY CO.,LTD
14.3.21 CHINT Electrics
14.3.22 Zhejiang Great Electrical Co., Ltd.
