Market Overview:
The global latching relays 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 latching relays in various applications, such as electric lights, permanently connected equipment, electrical outlets, and other applications. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Latching relays are electromechanical switches that remain in the ON or OFF state after the coil power is removed. They are used as memory devices, to keep a circuit energized or de-energized.
Flat-flat Type:
Flat-flat type is a kind of latching relay which has two terminals and normally open contacts. It can be used as an input or output device depending on the application requirements. The terminals are usually made of metal, but they can also be made from insulation material if required.
The flat-flat type has been widely used in various applications such as traffic lights, railway signals, control circuits for home appliances like television set top boxes.
Round-flat Type:
Round-flat type is a configuration of semiconductor devices, where the flat surface of one or more semiconductor elements is round. The most common example of such a device would be an IC with two legs connected by a single bond wire. Such configurations are widely used in applications that require switching capabilities at low power consumption such as light dimmers and electric shavers among others.
Application Insights:
The permanently connected equipment segment dominated the global latching relays market in 2017. This is attributed to the growing demand for energy-efficient and compact solutions that offer reliable connectivity across a wide range of applications, such as lighting systems, HVAC (heating, ventilation and cooling), fire protection systems, industrial automation and control networks among others.
The electric lights application segment is expected to witness significant growth over the forecast period owing to increasing demand from residential consumers for high-quality lighting products with features such as dimming capability along with low power consumption. In addition, growing urbanization has resulted in an increased number of streetlights which has positively impacted product sales in this application segment.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing construction activities in developing countries such as China and India. This, in turn, has led to an increase in demand for electric lights and other related products. Moreover, growing penetration of smart connected devices is also anticipated to fuel industry growth over the next eight years.
The Asia Pacific latching relay market accounted for a revenue share of more than 30% in 2017 owing to its large manufacturing base of consumer electronics products such as mobile phones and laptops coupled with rapidly expanding electrical & electronics industry sector across China, Japan, South Korea & Taiwan (CET). Furthermore, rising infrastructural development activities are also projecteded drive product demand further driving regional market growth during the forecast period.
Growth Factors:
- Increasing demand for latching relays from the automotive industry due to their ability to save energy and improve performance.
- Growing popularity of latching relays in renewable energy applications such as solar and wind power systems, owing to their reliability and efficiency.
- Rising demand for latching relays from the telecom sector due to their ability to reduce power consumption and heat dissipation in equipment cabinets.
- Proliferation of smart grids across the world, which is expected to create opportunities for growth of the latching relay market over the next few years. 5) The increasing adoption of IoT-based solutions across various industries is also anticipated to fuel growth of the global latching relay market in coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Latching Relays Market Research Report
By Type
Flat-flat Type, Round-flat Type, Round-round Type
By Application
Electric Lights, Permanently Connected Equipment, Electrical Outlets, Other
By Companies
Omron, Teledyne Relays, Schneider Electric, Wuhan Linuo Solar Energy Grp, Nidec copal electronics, ABB, TE, Hager, KOBOLD Instruments, Arteche Group, Omron
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
211
Number of Tables & Figures
148
Customization Available
Yes, the report can be customized as per your need.
Global Latching Relays Market Report Segments:
The global Latching Relays market is segmented on the basis of:
Types
Flat-flat Type, Round-flat Type, Round-round Type
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
Electric Lights, Permanently Connected Equipment, Electrical Outlets, Other
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:
- Omron
- Teledyne Relays
- Schneider Electric
- Wuhan Linuo Solar Energy Grp
- Nidec copal electronics
- ABB
- TE
- Hager
- KOBOLD Instruments
- Arteche Group
- Omron
Highlights of The Latching 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:
- Flat-flat Type
- Round-flat Type
- Round-round Type
- By Application:
- Electric Lights
- Permanently Connected Equipment
- Electrical Outlets
- Other
- 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 Latching 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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- 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?
Latching relays are electronic switches that can be used to control the flow of electricity in a circuit. When power is first turned on to a circuit, the relay will open and allow current through the circuit. As long as power is still being supplied to the relay, it will stay open. If power is turned off or removed from the circuit, the relay will close and stop current from flowing through it.
Some of the major players in the latching relays market are Omron, Teledyne Relays, Schneider Electric, Wuhan Linuo Solar Energy Grp, Nidec copal electronics, ABB, TE, Hager, KOBOLD Instruments, Arteche Group, Omron.
The latching relays 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 Latching Relays 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 Latching Relays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Latching Relays 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 Latching Relays 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 Latching Relays Market Size & Forecast, 2018-2028
4.5.1 Latching Relays Market Size and Y-o-Y Growth
4.5.2 Latching Relays Market Absolute $ Opportunity
Chapter 5 Global Latching Relays 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 Latching Relays Market Size Forecast by Type
5.2.1 Flat-flat Type
5.2.2 Round-flat Type
5.2.3 Round-round Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Latching Relays 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 Latching Relays Market Size Forecast by Applications
6.2.1 Electric Lights
6.2.2 Permanently Connected Equipment
6.2.3 Electrical Outlets
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Latching Relays 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 Latching Relays 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 Latching Relays Analysis and Forecast
9.1 Introduction
9.2 North America Latching Relays 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 Latching Relays Market Size Forecast by Type
9.6.1 Flat-flat Type
9.6.2 Round-flat Type
9.6.3 Round-round Type
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 Latching Relays Market Size Forecast by Applications
9.10.1 Electric Lights
9.10.2 Permanently Connected Equipment
9.10.3 Electrical Outlets
9.10.4 Other
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 Latching Relays Analysis and Forecast
10.1 Introduction
10.2 Europe Latching Relays 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 Latching Relays Market Size Forecast by Type
10.6.1 Flat-flat Type
10.6.2 Round-flat Type
10.6.3 Round-round Type
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 Latching Relays Market Size Forecast by Applications
10.10.1 Electric Lights
10.10.2 Permanently Connected Equipment
10.10.3 Electrical Outlets
10.10.4 Other
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 Latching Relays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Latching Relays 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 Latching Relays Market Size Forecast by Type
11.6.1 Flat-flat Type
11.6.2 Round-flat Type
11.6.3 Round-round Type
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 Latching Relays Market Size Forecast by Applications
11.10.1 Electric Lights
11.10.2 Permanently Connected Equipment
11.10.3 Electrical Outlets
11.10.4 Other
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 Latching Relays Analysis and Forecast
12.1 Introduction
12.2 Latin America Latching Relays 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 Latching Relays Market Size Forecast by Type
12.6.1 Flat-flat Type
12.6.2 Round-flat Type
12.6.3 Round-round Type
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 Latching Relays Market Size Forecast by Applications
12.10.1 Electric Lights
12.10.2 Permanently Connected Equipment
12.10.3 Electrical Outlets
12.10.4 Other
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) Latching Relays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Latching Relays 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) Latching Relays Market Size Forecast by Type
13.6.1 Flat-flat Type
13.6.2 Round-flat Type
13.6.3 Round-round Type
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) Latching Relays Market Size Forecast by Applications
13.10.1 Electric Lights
13.10.2 Permanently Connected Equipment
13.10.3 Electrical Outlets
13.10.4 Other
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 Latching Relays Market: Competitive Dashboard
14.2 Global Latching Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 Teledyne Relays
14.3.3 Schneider Electric
14.3.4 Wuhan Linuo Solar Energy Grp
14.3.5 Nidec copal electronics
14.3.6 ABB
14.3.7 TE
14.3.8 Hager
14.3.9 KOBOLD Instruments
14.3.10 Arteche Group
14.3.11 Omron
