Market Overview:
The global new energy relay market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for renewable energy sources, such as solar and wind power, across the globe. In addition, the growing adoption of electric vehicles (EVs) is also contributing to the growth of this market. The global new energy relay market can be segmented on the basis of type and application. On the basis of type, this market can be segmented into 10A, 12A, 16A, 26A, 32A 30A 35 A 40 A 50 A and others. On the basis of application, this market can be divided into solar relay EV relay and others.
Product Definition:
A New Energy Relay is a device that allows for the transmission of energy over long distances without significant losses. The importance of this technology is that it can help to bring clean, renewable energy to far-flung areas that would not otherwise have access to it.
10A:
10A is the new energy relay market size and it's estimated to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to increasing investments in renewable energy, technological advancements, and growing awareness among consumers regarding environment protection.
The 10A is used for switching on/off lights as well as electric equipment such as air conditioners & refrigerators which are connected across multiple circuits.
12A:
12A is a new energy relay that has been designed to replace the traditional mechanical relays used in power distribution. It was initially developed by ABB Group for use in wind farms, however it can be used for applications across the utility and energy sector. The 12A relay is compact, lightweight and has high operating temperature which makes it suitable to be deployed in areas where there are no access roads or maintenance personnel available.
Application Insights:
The global new energy relay market has been segmented on the basis of application into solar, EV, and others. The solar segment dominated the overall market in terms of revenue share in 2017. This is attributed to growing demand for renewable energy from residential and commercial sectors across countries such as China, India, Germany and the U.S., which are leading consumers of photovoltaic cells/ modules.
Solar power plants require large amounts of electricity for operating them properly due to their high-tech nature; henceforth they need a constant supply source at suitable voltage levels that can meet their needs without causing any damage to other equipment or human body during normal operations. In addition, these products also play a vital role in grid stabilizing activities by providing frequency regulation services when used with HVAC (power distribution).
Regional Analysis:
Asia Pacific regional market accounted for the largest share of global revenue in 2017. The region is expected to continue its dominance over the forecast period owing to increasing investments in renewable energy infrastructure and growing adoption of electric vehicles. In addition, favorable government policies promoting new investments are also expected to drive demand for global new energy relay across Asia Pacific region.
Europe is anticipated to witness significant growth over the coming years owing to rising focus on reducing carbon footprint associated with conventional power generation sources such as coal and gas-fired plants, which results into increased demand for renewable based power generation technologies such as solar panels and wind turbines among others. This, in turn, drives need for efficient electricity distribution networks that can effectively distribute surplus electrical energy from these power generation sources across large areas thus driving industry growth across Europe region.
Growth Factors:
- Increasing demand for energy efficiency and renewable energy: The global market for new energy relay is expected to grow at a CAGR of over 9% from 2016 to 2024, owing to the increasing demand for energy efficiency and renewable energy.
- Proliferation of smart grids: The advent of smart grids is another major factor driving the growth of this market. Smart grids help in efficient management of power distribution, which in turn helps reduce wastage and improve reliability.
- Rising concerns over climate change: Concerns over climate change are leading governments and businesses around the world to invest in renewable sources of energy, thereby providing a boost to the new Energy Relay market.
- Technological advancements: Rapid advancements in technology are helping create better and more efficient products in this market, thus propelling its growth further.
Scope Of The Report
Report Attributes
Report Details
Report Title
New Energy Relay Market Research Report
By Type
10A, 12A, 16A, 26A, 32A, 30A, 35A, 40A, 50A, Others
By Application
Solar Relay, EV Relay, Others
By Companies
Omron, Hongfa Technology Co., Ltd., TE Connectivity, Panasonic, Fujitsu, Song Chuan, Sanyou, ABB, Schneider Electric, Teledyne, Zettler Group, Infineon Technologies
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
217
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global New Energy Relay Market Report Segments:
The global New Energy Relay market is segmented on the basis of:
Types
10A, 12A, 16A, 26A, 32A, 30A, 35A, 40A, 50A, Others
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
Solar Relay, EV Relay, 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:
- Omron
- Hongfa Technology Co., Ltd.
- TE Connectivity
- Panasonic
- Fujitsu
- Song Chuan
- Sanyou
- ABB
- Schneider Electric
- Teledyne
- Zettler Group
- Infineon Technologies
Highlights of The New Energy 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:
- 10A
- 12A
- 16A
- 26A
- 32A
- 30A
- 35A
- 40A
- 50A
- Others
- By Application:
- Solar Relay
- EV Relay
- 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 New Energy 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?
New Energy Relay is a blockchain-based platform that allows people to sell and buy energy using cryptocurrency. The platform provides a secure and transparent way for consumers and producers to transact energy without the need for middlemen. New Energy Relay also allows users to earn rewards for participating in the networku2019s peer-to-peer energy trading system.
Some of the key players operating in the new energy relay market are Omron, Hongfa Technology Co., Ltd., TE Connectivity, Panasonic, Fujitsu, Song Chuan, Sanyou, ABB, Schneider Electric, Teledyne, Zettler Group, Infineon Technologies.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 New Energy 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 New Energy Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 New Energy 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 New Energy 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 New Energy Relay Market Size & Forecast, 2018-2028
4.5.1 New Energy Relay Market Size and Y-o-Y Growth
4.5.2 New Energy Relay Market Absolute $ Opportunity
Chapter 5 Global New Energy 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 New Energy Relay Market Size Forecast by Type
5.2.1 10A
5.2.2 12A
5.2.3 16A
5.2.4 26A
5.2.5 32A
5.2.6 30A
5.2.7 35A
5.2.8 40A
5.2.9 50A
5.2.10 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global New Energy 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 New Energy Relay Market Size Forecast by Applications
6.2.1 Solar Relay
6.2.2 EV Relay
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global New Energy 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 New Energy 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 New Energy Relay Analysis and Forecast
9.1 Introduction
9.2 North America New Energy 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 New Energy Relay Market Size Forecast by Type
9.6.1 10A
9.6.2 12A
9.6.3 16A
9.6.4 26A
9.6.5 32A
9.6.6 30A
9.6.7 35A
9.6.8 40A
9.6.9 50A
9.6.10 Others
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 New Energy Relay Market Size Forecast by Applications
9.10.1 Solar Relay
9.10.2 EV Relay
9.10.3 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 New Energy Relay Analysis and Forecast
10.1 Introduction
10.2 Europe New Energy 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 New Energy Relay Market Size Forecast by Type
10.6.1 10A
10.6.2 12A
10.6.3 16A
10.6.4 26A
10.6.5 32A
10.6.6 30A
10.6.7 35A
10.6.8 40A
10.6.9 50A
10.6.10 Others
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 New Energy Relay Market Size Forecast by Applications
10.10.1 Solar Relay
10.10.2 EV Relay
10.10.3 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 New Energy Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific New Energy 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 New Energy Relay Market Size Forecast by Type
11.6.1 10A
11.6.2 12A
11.6.3 16A
11.6.4 26A
11.6.5 32A
11.6.6 30A
11.6.7 35A
11.6.8 40A
11.6.9 50A
11.6.10 Others
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 New Energy Relay Market Size Forecast by Applications
11.10.1 Solar Relay
11.10.2 EV Relay
11.10.3 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 New Energy Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America New Energy 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 New Energy Relay Market Size Forecast by Type
12.6.1 10A
12.6.2 12A
12.6.3 16A
12.6.4 26A
12.6.5 32A
12.6.6 30A
12.6.7 35A
12.6.8 40A
12.6.9 50A
12.6.10 Others
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 New Energy Relay Market Size Forecast by Applications
12.10.1 Solar Relay
12.10.2 EV Relay
12.10.3 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) New Energy Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) New Energy 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) New Energy Relay Market Size Forecast by Type
13.6.1 10A
13.6.2 12A
13.6.3 16A
13.6.4 26A
13.6.5 32A
13.6.6 30A
13.6.7 35A
13.6.8 40A
13.6.9 50A
13.6.10 Others
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) New Energy Relay Market Size Forecast by Applications
13.10.1 Solar Relay
13.10.2 EV Relay
13.10.3 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 New Energy Relay Market: Competitive Dashboard
14.2 Global New Energy Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 Hongfa Technology Co., Ltd.
14.3.3 TE Connectivity
14.3.4 Panasonic
14.3.5 Fujitsu
14.3.6 Song Chuan
14.3.7 Sanyou
14.3.8 ABB
14.3.9 Schneider Electric
14.3.10 Teledyne
14.3.11 Zettler Group
14.3.12 Infineon Technologies
