The global mechanical relay market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for automation in various industries, such as automotive and electrical devices. The automotive industry is one of the major end-users of mechanical relays, which are used in various applications such as engine control systems and airbag deployment systems. In addition, the increasing demand for automation in telecommunication industry is also driving the growth of this market.
Signal relay segment accounted for more than 50% share in 2017 and it is expected to maintain its dominance throughout the forecast period due to its wide range of applications across different industries such as automotive, electrical devices and telecommunication sectors. Power relay segment accounted for more than 30% share in 2017 due to its wide range of applications across different industries such as industrial machinery & equipment and power generation sector among others. Latching relay segment accounted for less than 10% share in 2017 due to its limited application areas like telecommunications sector among others.
- The growth in the market is attributed to the increasing demand for automation and robotics in various industries.
- Increasing demand for energy efficient products.
- Increasing need for safety and reliability.
- Increasing need for high performance products.
Industry Growth Insights published a new data on “Mechanical Relay Market”. The research report is titled “Mechanical Relay Market research by Types (Signal relay, Power relay, Latching relay, Automotive relay, Hermetically Sealed relay), By Applications (Automotive, Telecommunication, Electrical device, Other), By Players/Companies TE Connectivity, Panasonic, Omron, Fujitsu, NEC, Teledyne, HELLA, Finder, ABB, Schneider Electric, Siemens, Eaton, Honeywell, GE, Mitsubishi Electric, Fuji Electric, Emerson, Sharp, NOARK Electric, Rockwell Automation, Sprecher+Schuh, Hager, Kasuga, Schrack, Song Chuan, CHINT Electrics, Sanyou, Hongfa, Delixi, Hu Gong”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Relay Market Research Report
By Type
Signal relay, Power relay, Latching relay, Automotive relay, Hermetically Sealed relay
By Application
Automotive, Telecommunication, Electrical device, Other
By Companies
TE Connectivity, Panasonic, Omron, Fujitsu, NEC, Teledyne, HELLA, Finder, ABB, Schneider Electric, Siemens, Eaton, Honeywell, GE, Mitsubishi Electric, Fuji Electric, Emerson, Sharp, NOARK Electric, Rockwell Automation, Sprecher+Schuh, Hager, Kasuga, Schrack, Song Chuan, CHINT Electrics, Sanyou, Hongfa, Delixi, Hu Gong
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Relay Market Report Segments:
The global Mechanical Relay market is segmented on the basis of:
Types
Signal relay, Power relay, Latching relay, Automotive relay, Hermetically Sealed relay
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
Automotive, Telecommunication, Electrical device, 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:
- TE Connectivity
- Panasonic
- Omron
- Fujitsu
- NEC
- Teledyne
- HELLA
- Finder
- ABB
- Schneider Electric
- Siemens
- Eaton
- Honeywell
- GE
- Mitsubishi Electric
- Fuji Electric
- Emerson
- Sharp
- NOARK Electric
- Rockwell Automation
- Sprecher+Schuh
- Hager
- Kasuga
- Schrack
- Song Chuan
- CHINT Electrics
- Sanyou
- Hongfa
- Delixi
- Hu Gong
Highlights of The Mechanical 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:
- Signal relay
- Power relay
- Latching relay
- Automotive relay
- Hermetically Sealed relay
- By Application:
- Automotive
- Telecommunication
- Electrical device
- 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 Mechanical 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.
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- 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?
A mechanical relay is a device that uses the motion of a rotating arm or drum to switch electrical current.
Some of the major companies in the mechanical relay market are TE Connectivity, Panasonic, Omron, Fujitsu, NEC, Teledyne, HELLA, Finder, ABB, Schneider Electric, Siemens, Eaton, Honeywell, GE, Mitsubishi Electric, Fuji Electric, Emerson, Sharp, NOARK Electric, Rockwell Automation, Sprecher+Schuh, Hager, Kasuga, Schrack, Song Chuan, CHINT Electrics, Sanyou, Hongfa, Delixi, Hu Gong.
The mechanical relay market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical Relay Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mechanical Relay Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Relay Market - Supply Chain
4.5. Global Mechanical Relay Market Forecast
4.5.1. Mechanical Relay Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Relay Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Relay Market Absolute $ Opportunity
5. Global Mechanical Relay Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mechanical Relay Market Size and Volume Forecast by Type
5.3.1. Signal relay
5.3.2. Power relay
5.3.3. Latching relay
5.3.4. Automotive relay
5.3.5. Hermetically Sealed relay
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical Relay Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mechanical Relay Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Telecommunication
6.3.3. Electrical device
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical Relay Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mechanical Relay Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mechanical Relay Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mechanical Relay Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mechanical Relay Demand Share Forecast, 2019-2026
9. North America Mechanical Relay Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mechanical Relay Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mechanical Relay Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Telecommunication
9.4.3. Electrical device
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mechanical Relay Market Size and Volume Forecast by Type
9.7.1. Signal relay
9.7.2. Power relay
9.7.3. Latching relay
9.7.4. Automotive relay
9.7.5. Hermetically Sealed relay
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mechanical Relay Demand Share Forecast, 2019-2026
10. Latin America Mechanical Relay Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mechanical Relay Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mechanical Relay Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Telecommunication
10.4.3. Electrical device
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mechanical Relay Market Size and Volume Forecast by Type
10.7.1. Signal relay
10.7.2. Power relay
10.7.3. Latching relay
10.7.4. Automotive relay
10.7.5. Hermetically Sealed relay
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mechanical Relay Demand Share Forecast, 2019-2026
11. Europe Mechanical Relay Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mechanical Relay Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mechanical Relay Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Telecommunication
11.4.3. Electrical device
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mechanical Relay Market Size and Volume Forecast by Type
11.7.1. Signal relay
11.7.2. Power relay
11.7.3. Latching relay
11.7.4. Automotive relay
11.7.5. Hermetically Sealed elay
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mechanical Relay Demand Share, 2019-2026
12. Asia Pacific Mechanical Relay Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mechanical Relay Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mechanical Relay Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Telecommunication
12.4.3. Electrical device
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mechanical Relay Market Size and Volume Forecast by Type
12.7.1. Signal relay
12.7.2. Power relay
12.7.3. Latching relay
12.7.4. Automotive relay
12.7.5. Hermetically Sealed relay
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mechanical Relay Demand Share, 2019-2026
13. Middle East & Africa Mechanical Relay Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mechanical Relay Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mechanical Relay Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Telecommunication
13.4.3. Electrical device
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mechanical Relay Market Size and Volume Forecast by Type
13.7.1. Signal relay
13.7.2. Power relay
13.7.3. Latching relay
13.7.4. Automotive relay
13.7.5. Hermetically Sealed relay
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mechanical Relay Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Relay Market: Market Share Analysis
14.2. Mechanical Relay Distributors and Customers
14.3. Mechanical Relay Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. TE Connectivity
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Panasonic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omron
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fujitsu
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NEC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Teledyne
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HELLA
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Finder
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ABB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Schneider Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Eaton
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Honeywell
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. GE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mitsubishi Electric
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Fuji Electric
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Emerson
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Sharp
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. NOARK Electric
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Rockwell Automation
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
