Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Relays and Solenoids 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Relays and Solenoids 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157718 3300 Machinery & Equipment 377 243 Pages 4.7 (37)
                                          

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.


Global Relays and Solenoids Industry Outlook


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:

  1. Omron
  2. TE Connectivity
  3. Panasonic
  4. Littlefuse
  5. Phoenix Contact
  6. TDK
  7. Schneider Electric
  8. ADLINK Technology
  9. Altech
  10. AMPROBE
  11. Crouzet
  12. Electroswitch
  13. Johnson Electric
  14. KEMET
  15. Sensata
  16. White-Rodgers

Global Relays and Solenoids Market Overview


Highlights of The Relays and Solenoids Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Flasher Relays
    2. Solenoids And Actuators
    3. Time Delay And Timing Relays
    4. Safety Relays
    5. Others
  1. By Application:

    1. Electronics
    2. Automotive
    3. Home Appliances
    4. Communications
    5. Industrial
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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.

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

Global Relays and Solenoids Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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