Market Overview:
The global medium power 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 medium power relays in communication, industry, and automobile applications. Additionally, the growing demand for miniaturized and low-power relays is also contributing to the growth of this market. The global medium power relay market can be segmented by type into closed type and open type. The closed type segment is expected to dominate the global medium power relay market during the forecast period owing to its high reliability and long life span as compared to open type relays. The global medium power relay market can also be segmented by application into communication, industry, automobile, and other applications. Communication accounted for majority of the share in 2017 owing to rising demand for telecom infrastructure globally coupled with increasing adoption of smart devices across different regions worldwide.
Product Definition:
Medium Power Relays are typically used in applications that require switching currents up to 20 amps and voltages up to 240 volts. They are often used in motor control circuits, heating and air conditioning systems, or other electrical equipment that requires a moderate amount of power.
Closed Type:
Closed type is a switching device that uses high-power electronic circuits to control the current and voltage in an electric circuit. It's major applications are in medium power relay market, where it's used for closing and opening of electrical contacts. The closed type has two basic operations, namely opening operation and closing operation. In the opening operation, it makes a connection from input to output; whereas in the closing operation, it makes a connection from output to input.
Open Type:
Open type is a term used in medium power relay to define an assembly of printed circuit boards, containing the components required to make an electrical connection. Open type products are manufactured by using different types of printed circuit boards such as FR4, FR5, and others; these printed circuit boards are then assembled together according to the need for that particular product.
Application Insights:
The industry segment dominated the global medium power relay market in 2017, accounting for a revenue share of over 40%. Medium power relays are used in industrial applications to control and monitor critical processes. They are also used across various industries such as oil & gas, food & beverage, pulp and paper, mining and construction. The communication segment is expected to be the fastest-growing application segment from 2018 to 2030 owing to an increase in demand for MPRs from telecom companies operating across rural areas with limited infrastructure.
Automobile is another major application sector where MPRs are widely utilized due to their benefits including improved fuel efficiency by reducing engine idling time as well as reduce carbon emissions significantly lowering down on vehicle maintenance cost. These factors coupled with growing automotive manufacturing sectors across developing countries such as China India Indonesia Malaysia Thailand Vietnam will drive product demand over the forecast period.
Regional Analysis:
Asia Pacific medium power relay market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing industrialization and rapid urbanization in the region. In addition, rising disposable income levels are anticipated to drive demand for consumer electronics products such as mobile phones and laptops, thereby driving industry growth. Moreover, growing penetration of telecommunication services in rural areas is further expected to propel regional product demand over the forecast period.
North America medium power relay market accounted for a significant share owing to early adoption by end-use industries such as communication and automotive among others. However, slow growth rate observed in other application segments such as energy & utilities and other industries may hamper overall revenue generation prospects during the forecast period. Europe medium power relay market also exhibited sluggish growth due high level of digital transformation taking place across various economies including Germany, U K., Italy etc.
Growth Factors:
- Increasing demand for medium power relays from the automotive industry for advanced safety features in vehicles
- Growing demand for medium power relays from the industrial sector for control and automation applications
- Rising popularity of smart homes and buildings, which is driving the need for more efficient and reliable relay systems
- Proliferation of Internet of Things (IoT) devices, which are increasing the load on relay systems and driving demand for more powerful relays
- Development of new technologies that improve performance or reduce costs of medium power relays, thereby boosting market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium Power Relay Market Research Report
By Type
Closed Type, Open Type
By Application
Communication, Industry, Automobile, Other
By Companies
Phoenix Contact, Siemens, OMRON, Schneider Electric, ABB, HONFA, Panasonic, IDEC, MINGDA, CHNT
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Medium Power Relay Market Report Segments:
The global Medium Power Relay market is segmented on the basis of:
Types
Closed Type, Open 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
Communication, Industry, Automobile, 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:
- Phoenix Contact
- Siemens
- OMRON
- Schneider Electric
- ABB
- HONFA
- Panasonic
- IDEC
- MINGDA
- CHNT
Highlights of The Medium Power 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:
- Closed Type
- Open Type
- By Application:
- Communication
- Industry
- Automobile
- 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 Medium Power 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?
Medium power relay is a type of relay that can handle medium to high-power loads.
Some of the major companies in the medium power relay market are Phoenix Contact, Siemens, OMRON, Schneider Electric, ABB, HONFA, Panasonic, IDEC, MINGDA, CHNT.
The medium power relay market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medium Power 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 Medium Power Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medium Power 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 Medium Power 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 Medium Power Relay Market Size & Forecast, 2018-2028
4.5.1 Medium Power Relay Market Size and Y-o-Y Growth
4.5.2 Medium Power Relay Market Absolute $ Opportunity
Chapter 5 Global Medium Power 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 Medium Power Relay Market Size Forecast by Type
5.2.1 Closed Type
5.2.2 Open Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medium Power 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 Medium Power Relay Market Size Forecast by Applications
6.2.1 Communication
6.2.2 Industry
6.2.3 Automobile
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medium Power 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 Medium Power 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 Medium Power Relay Analysis and Forecast
9.1 Introduction
9.2 North America Medium Power 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 Medium Power Relay Market Size Forecast by Type
9.6.1 Closed Type
9.6.2 Open 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 Medium Power Relay Market Size Forecast by Applications
9.10.1 Communication
9.10.2 Industry
9.10.3 Automobile
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 Medium Power Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Medium Power 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 Medium Power Relay Market Size Forecast by Type
10.6.1 Closed Type
10.6.2 Open 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 Medium Power Relay Market Size Forecast by Applications
10.10.1 Communication
10.10.2 Industry
10.10.3 Automobile
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 Medium Power Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medium Power 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 Medium Power Relay Market Size Forecast by Type
11.6.1 Closed Type
11.6.2 Open 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 Medium Power Relay Market Size Forecast by Applications
11.10.1 Communication
11.10.2 Industry
11.10.3 Automobile
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 Medium Power Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Medium Power 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 Medium Power Relay Market Size Forecast by Type
12.6.1 Closed Type
12.6.2 Open 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 Medium Power Relay Market Size Forecast by Applications
12.10.1 Communication
12.10.2 Industry
12.10.3 Automobile
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) Medium Power Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medium Power 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) Medium Power Relay Market Size Forecast by Type
13.6.1 Closed Type
13.6.2 Open 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) Medium Power Relay Market Size Forecast by Applications
13.10.1 Communication
13.10.2 Industry
13.10.3 Automobile
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 Medium Power Relay Market: Competitive Dashboard
14.2 Global Medium Power Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Phoenix Contact
14.3.2 Siemens
14.3.3 OMRON
14.3.4 Schneider Electric
14.3.5 ABB
14.3.6 HONFA
14.3.7 Panasonic
14.3.8 IDEC
14.3.9 MINGDA
14.3.10 CHNT
