Market Overview:
The global weak power relay market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the weak power relay market can be attributed to the increasing demand for communication, industry, and automobile applications. Additionally, the growing demand for smart homes and smart cities is also contributing to the growth of this market. Closed type relays are expected to dominate the global weak power relay market during the forecast period owing to their high reliability and low maintenance requirements.
Product Definition:
A weak power relay is a type of electric switch that can handle low-power signals. This type of relay is often used in industrial and commercial settings to control small motors or other devices. The importance of weak power relays lies in their ability to handle low-power signals without putting too much stress on the system, which can be important for safety and efficiency reasons.
Closed Type:
Closed type is a switching device that can be opened and closed by the control of one or more controlling devices. It has no internal power source, it only receives power from the controlling device which makes it an essential part of any relay system. The most common usage of this product is to connect two or more electrical circuits in series/parallel without using any additional components like resistors, capacitors etc.
Open Type:
Open type is a technology that allows the construction of high-performance, cost-effective printed circuit boards (PCBs). It uses inexpensive and readily available materials such as wood, plastic, or paper to create circuits. The open type technology has been around for more than half a century and was initially developed for the printing of electronic circuits on flexible sheets using heat transfer vinyl (HTV) as an adhesive.
Application Insights:
The communication segment dominated the global weak power relay market in 2017. The application of the product is witnessing a rapid growth owing to its ability to Relay Low Power (50VA ~ 250VAC) signals and data. It has been observed that most of the telecom operators are shifting towards open type relays as they offer higher efficiency than conventional switches in low power applications.
Industrial application is expected to witness significant growth over the forecast period owing to increasing demand for automation in industries such as oil & gas, chemical, manufacturing, etc. Increasing industrialization across developing countries such as India, China and Brazil is likely to boost product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for power distribution from various applications and industries in countries, such as U.S., Canada, and Mexico.
Growth Factors:
- Increasing demand for weak power relays from the automotive industry due to the increasing demand for electric and hybrid vehicles.
- Growing demand for weak power relays from the industrial sector due to the increasing adoption of Industry 4.0 technologies.
- Rising demand for weak power relays in renewable energy applications such as solar and wind energy systems owing to their high reliability and efficiency.
- Increasing penetration of smart grids across developed and developing countries, which is expected to drive the growth of weak power relay market during forecast period 2019-2025
Scope Of The Report
Report Attributes
Report Details
Report Title
Weak Power Relay Market Research Report
By Type
Closed Type, Open Type
By Application
Communication, Industry, Automobile, Others
By Companies
Phoenix, Siemens, OMRON, Schneider Electric, ABB, HONDA, Panasonic, IDEC, 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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Weak Power Relay Market Report Segments:
The global Weak 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
- Siemens
- OMRON
- Schneider Electric
- ABB
- HONDA
- Panasonic
- IDEC
- CHNT
Highlights of The Weak 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 Weak 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?
Weak power relay is a type of electrical relay that uses less power than standard relays. This makes it ideal for use in low-power applications, such as in small devices or sensors.
Some of the major companies in the weak power relay market are Phoenix, Siemens, OMRON, Schneider Electric, ABB, HONDA, Panasonic, IDEC, CHNT.
The weak 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 Weak 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 Weak Power Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Weak 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 Weak 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 Weak Power Relay Market Size & Forecast, 2018-2028
4.5.1 Weak Power Relay Market Size and Y-o-Y Growth
4.5.2 Weak Power Relay Market Absolute $ Opportunity
Chapter 5 Global Weak 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 Weak 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 Weak 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 Weak 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 Weak 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 Weak 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 Weak Power Relay Analysis and Forecast
9.1 Introduction
9.2 North America Weak 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 Weak 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 Weak 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 Weak Power Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Weak 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 Weak 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 Weak 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 Weak Power Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Weak 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 Weak 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 Weak 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 Weak Power Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Weak 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 Weak 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 Weak 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) Weak Power Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Weak 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) Weak 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) Weak 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 Weak Power Relay Market: Competitive Dashboard
14.2 Global Weak Power Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Phoenix
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 CHNT
