Market Overview:
The global micro 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 miniaturized and energy-efficient relays across different applications. Additionally, the growing trend of automation and electrification is also fueling the demand for micro power relays in various industries. Based on type, the global micro power relay market can be segmented into closed type and open type. Closed type relays are more popular than open type relays as they offer better protection against dust and moisture ingress. Based on application, the market can be segmented into communication, industry, automobile, and others (medical equipment, consumer electronics). Communication accounted for a major share of the global micro power relay market in 2017 owing to rising demand for miniaturized telecom components across different regions. The automotive sector is also expected to witness significant growth during the forecast period owing to increasing adoption of advanced technologies such as autonomous driving and electric vehicles.
Product Definition:
A micro power relay is a miniature, electronic switch that can be used to control small electrical loads. They are often used in appliances and electronics to switch on and off low-power circuits. Micro power relays are important because they can save energy by switching off small loads when they are not needed.
Closed Type:
Closed type is a power relay with an internal coil that allows current to flow through only one way. It has no external connections and can be used in applications where there are no chances of getting wet or exposed to dust. The closed type power relay is widely used in water treatment, mining, food & beverage industry for controlling purposes.
The growth factor for the Micro Power Relay market is attributed to factors such as growing industrialization.
Open Type:
Open type is a technology used in micro power relay to provide protection and control functions. It uses an open collector design which means that the output is always high, even when no signal comes from the input. This helps in providing a simple protection function of normally-open contacts against short circuits and opens a way for using relays as switching devices instead of transistors.
Application Insights:
The industry application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. Industry applications include oil & gas, chemical, petrochemical, power generation and others. The demand for these products is expected to increase as a result of their use in industrial automation systems owing to their small size and low cost.
Communication was the second-largest segment accounting for a significant market share in 2017 due to increasing usage of micro power relays across cell phones, laptops/netbooks etcetera¢â‚¬â„¢s base stations which are used in wireless communication networks. These products are also used as switches or repeaters at each station which enables high-speed data transfer between multiple users within a cell phone network or between base stations respectively.
Regional Analysis:
Asia Pacific regional market accounted for the largest share in 2017 and is anticipated to witness significant growth over the forecast period. The region’s growth can be attributed to increasing industrialization, rising demand for power distribution, and growing infrastructure development. In addition, countries such as China are investing a large amount of money in renewable energy projects which will further boost industry expansion.
The Middle East & Africa (MEA) micro power relay market is expected to grow at a lucrative rate over the forecast period owing to rapid developments taking place across several sectors including oil & gas, water & wastewater treatment plants among others. MEA has witnessed an increase in government investments on various sectors including healthcare and education which have led towards increased requirement of electricity supply equipment thus driving industry growth.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Rising demand for micro power relays from the automotive industry
- Growing popularity of energy-efficient appliances and vehicles
- Proliferation of Internet of Things (IoT) devices
- Rapid expansion of the semiconductor industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Power Relay Market Research Report
By Type
Closed Type, Open Type
By Application
Communication, Industry, Automobile, Others
By Companies
Phoenix Contact, Siemens, OMRON, Schneider Electric, ABB, HONDA, 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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Micro Power Relay Market Report Segments:
The global Micro 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, 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:
- Phoenix Contact
- Siemens
- OMRON
- Schneider Electric
- ABB
- HONDA
- Panasonic
- IDEC
- MINGDA
- CHNT
Highlights of The Micro 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
- 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 Micro 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?
Micro Power Relay is a small, low-power relay that can be used to control devices with low power requirements. It is often used in applications where a small size and light weight are important factors, such as wearable electronics and smart home devices.
Some of the key players operating in the micro power relay market are Phoenix Contact, Siemens, OMRON, Schneider Electric, ABB, HONDA, Panasonic, IDEC, MINGDA, CHNT.
The micro power 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 Micro 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 Micro Power Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Micro 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 Micro 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 Micro Power Relay Market Size & Forecast, 2018-2028
4.5.1 Micro Power Relay Market Size and Y-o-Y Growth
4.5.2 Micro Power Relay Market Absolute $ Opportunity
Chapter 5 Global Micro 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 Micro 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 Micro 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 Micro Power Relay Market Size Forecast by Applications
6.2.1 Communication
6.2.2 Industry
6.2.3 Automobile
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Micro 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 Micro 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 Micro Power Relay Analysis and Forecast
9.1 Introduction
9.2 North America Micro 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 Micro 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 Micro Power Relay Market Size Forecast by Applications
9.10.1 Communication
9.10.2 Industry
9.10.3 Automobile
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 Micro Power Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Micro 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 Micro 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 Micro Power Relay Market Size Forecast by Applications
10.10.1 Communication
10.10.2 Industry
10.10.3 Automobile
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 Micro Power Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Micro 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 Micro 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 Micro Power Relay Market Size Forecast by Applications
11.10.1 Communication
11.10.2 Industry
11.10.3 Automobile
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 Micro Power Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Micro 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 Micro 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 Micro Power Relay Market Size Forecast by Applications
12.10.1 Communication
12.10.2 Industry
12.10.3 Automobile
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) Micro Power Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Micro 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) Micro 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) Micro Power Relay Market Size Forecast by Applications
13.10.1 Communication
13.10.2 Industry
13.10.3 Automobile
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 Micro Power Relay Market: Competitive Dashboard
14.2 Global Micro 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 HONDA
14.3.7 Panasonic
14.3.8 IDEC
14.3.9 MINGDA
14.3.10 CHNT
