Market Overview:
The global relays and solenoids 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 relays and solenoids in automotive, electronics, home appliances, communications, and industrial applications. Additionally, the growing demand for miniaturized relays and solenoids is also contributing to the growth of this market. The global relays and solenoids market by type is segmented into flasher relays, solenoids and actuators, time delay and timing relays, safety relays,,and others. The flasher relay segment is expected to grow at a CAGR of 6% from 2018to 2030 due to its increasing use in automotive applications.
Product Definition:
-A relay is an electromechanical device that uses electrical energy to control a mechanical function.
-A solenoid is an electrically operated coil of wire that creates a magnetic field when current flows through it.
Flasher Relays:
Flasher relays are used in railway applications to control and monitor the operation of flashers. It is also used in other applications such as traffic signals, street lights, etc. The growth factor for this market is primarily driven by growing urbanization and infrastructure development across the globe. Additionally, increasing government initiatives towards smart city development has led to increased adoption of flasher relay systems which will drive market growth over the forecast period.
Solenoids And Actuators:
Solenoids and actuators are two different types of electronic components used in relays and solenoids. Solenoid is a closed electrical circuit consisting of a coil, a switch, an armature, and an electric current. It produces mechanical vibrations or movements when electric current is passed through it.
Application Insights:
The electronics segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. Electronics manufacturing requires a large number of relays and solenoids as they are used for various functions such as power on/off, signal processing, motor control, etc. The increasing use of electronic devices in almost every sector including healthcare, military & defense has resulted in high product demand across different end-use industries globally.
Automotive is another major application that contributes significantly to the global market revenue share owing to rising automotive production across emerging markets worldwide. Reliable industrial production management demands highly efficient equipment with short lead times which has led manufacturers to focus on developing advanced products incorporating latest technology while designing these products keeping in mind reliability requirements along with cost-effectiveness aspects also taking into consideration environmental factors such as energy consumption during operation or standby mode.
Regional Analysis:
Asia Pacific regional market dominated the global industry in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for electronics, industrial, and consumer appliances. Furthermore, rising disposable income coupled with expanding population in emerging economies such as China and India is anticipated to fuel product demand over the next eight years.
The Asia Pacific region was followed by Europe which accounted for a share of more than 20% in 2016 owing to high manufacturing volume of relays & solenoids across several industries including automotive, aerospace & defense, computing & laptops among others. Moreover, growing investments by governments towards research & development activities are expected drive regional market growth during the forecast period.
North America also held a significant share due to presence of major players such as Cooper Bussman Inc.
Growth Factors:
- Increasing demand from the automotive industry for advanced relays and solenoids for various applications such as engine control, airbag deployment, power steering, and braking systems.
- Growing demand for relays and solenoids in the industrial sector for controlling various processes such as conveyor belts, pumps, fans etc.
- Rising popularity of smart homes and home automation systems that use relays and solenoids to control lights, appliances etc., thereby driving the market growth.
- Rapid advancements in technology leading to development of new types of relays and solenoids that offer better performance characteristics compared to existing products in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Relays and Solenoids Market Research Report
By Type
Flasher Relays, Solenoids And Actuators, Time Delay And Timing Relays, Safety Relays, Others
By Application
Electronics, Automotive, Home Appliances, Communications, Industrial, Others
By Companies
Omron, TE Connectivity, Panasonic, Littlefuse, Phoenix Contact, TDK, Schneider Electric, ADLINK Technology, Altech, AMPROBE, Crouzet, Electroswitch, Johnson Electric, KEMET, Sensata, White-Rodgers
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Relays and Solenoids Market Report Segments:
The global Relays and Solenoids market is segmented on the basis of:
Types
Flasher Relays, Solenoids And Actuators, Time Delay And Timing Relays, Safety Relays, 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
Electronics, Automotive, Home Appliances, Communications, Industrial, 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
- TE Connectivity
- Panasonic
- Littlefuse
- Phoenix Contact
- TDK
- Schneider Electric
- ADLINK Technology
- Altech
- AMPROBE
- Crouzet
- Electroswitch
- Johnson Electric
- KEMET
- Sensata
- White-Rodgers
Highlights of The Relays and Solenoids 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:
- Flasher Relays
- Solenoids And Actuators
- Time Delay And Timing Relays
- Safety Relays
- Others
- By Application:
- Electronics
- Automotive
- Home Appliances
- Communications
- Industrial
- 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 Relays and Solenoids 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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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 relay is a switch that can be controlled by an electric current. When the current is turned off, the relay closes and sends a signal to the next relay, which in turn sends a signal to the next one until it reaches its destination. A solenoid is an electromechanical device used for moving fluid or gas through pipes or other conduits. It consists of two coils of wire that are connected at one end and when current flows through them, they contract (move) towards each other
Some of the major companies in the relays and solenoids market are Omron, TE Connectivity, Panasonic, Littlefuse, Phoenix Contact, TDK, Schneider Electric, ADLINK Technology, Altech, AMPROBE, Crouzet, Electroswitch, Johnson Electric, KEMET, Sensata, White-Rodgers.
The relays and solenoids market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Relays and Solenoids 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. Relays and Solenoids Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Relays and Solenoids Market - Supply Chain
4.5. Global Relays and Solenoids Market Forecast
4.5.1. Relays and Solenoids Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Relays and Solenoids Market Size (000 Units) and Y-o-Y Growth
4.5.3. Relays and Solenoids Market Absolute $ Opportunity
5. Global Relays and Solenoids 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. Relays and Solenoids Market Size and Volume Forecast by Type
5.3.1. Flasher Relays
5.3.2. Solenoids And Actuators
5.3.3. Time Delay And Timing Relays
5.3.4. Safety Relays
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Relays and Solenoids 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. Relays and Solenoids Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Automotive
6.3.3. Home Appliances
6.3.4. Communications
6.3.5. Industrial
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Relays and Solenoids 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. Relays and Solenoids 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 Relays and Solenoids 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. Relays and Solenoids 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 Relays and Solenoids Demand Share Forecast, 2019-2026
9. North America Relays and Solenoids 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 Relays and Solenoids 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 Relays and Solenoids Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Automotive
9.4.3. Home Appliances
9.4.4. Communications
9.4.5. Industrial
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Relays and Solenoids Market Size and Volume Forecast by Type
9.7.1. Flasher Relays
9.7.2. Solenoids And Actuators
9.7.3. Time Delay And Timing Relays
9.7.4. Safety Relays
9.7.5. Others
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 Relays and Solenoids Demand Share Forecast, 2019-2026
10. Latin America Relays and Solenoids 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 Relays and Solenoids 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 Relays and Solenoids Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Automotive
10.4.3. Home Appliances
10.4.4. Communications
10.4.5. Industrial
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Relays and Solenoids Market Size and Volume Forecast by Type
10.7.1. Flasher Relays
10.7.2. Solenoids And Actuators
10.7.3. Time Delay And Timing Relays
10.7.4. Safety Relays
10.7.5. Others
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 Relays and Solenoids Demand Share Forecast, 2019-2026
11. Europe Relays and Solenoids 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 Relays and Solenoids 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 Relays and Solenoids Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Automotive
11.4.3. Home Appliances
11.4.4. Communications
11.4.5. Industrial
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Relays and Solenoids Market Size and Volume Forecast by Type
11.7.1. Flasher Relays
11.7.2. Solenoids And Actuators
11.7.3. Time Delay And Timing Relays
11.7.4. Safety Relays
11.7.5. Others
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 Relays and Solenoids Demand Share, 2019-2026
12. Asia Pacific Relays and Solenoids 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 Relays and Solenoids 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 Relays and Solenoids Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Automotive
12.4.3. Home Appliances
12.4.4. Communications
12.4.5. Industrial
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Relays and Solenoids Market Size and Volume Forecast by Type
12.7.1. Flasher Relays
12.7.2. Solenoids And Actuators
12.7.3. Time Delay And Timing Relays
12.7.4. Safety Relays
12.7.5. Others
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 Relays and Solenoids Demand Share, 2019-2026
13. Middle East & Africa Relays and Solenoids 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 Relays and Solenoids 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 Relays and Solenoids Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Automotive
13.4.3. Home Appliances
13.4.4. Communications
13.4.5. Industrial
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Relays and Solenoids Market Size and Volume Forecast by Type
13.7.1. Flasher Relays
13.7.2. Solenoids And Actuators
13.7.3. Time Delay And Timing Relays
13.7.4. Safety Relays
13.7.5. Others
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 Relays and Solenoids Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Relays and Solenoids Market: Market Share Analysis
14.2. Relays and Solenoids Distributors and Customers
14.3. Relays and Solenoids Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Omron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TE Connectivity
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Littlefuse
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Phoenix Contact
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TDK
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Schneider Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ADLINK Technology
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Altech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AMPROBE
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Crouzet
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Electroswitch
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Johnson Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KEMET
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sensata
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. White-Rodgers
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook