The Electric Vehicle Relay Market

Electric vehicle relay is an electrically managed switch in the electric vehicle used to allow switching from a low amperage circuit to a higher amperage circuit, which consist turning on headlights. Electric vehicle relays are often located within the engine, battery, lighting, steering, screen wiping and electric mirror modules. Electric vehicle relays are either commonly open or commonly closed and are also used to switch various things at the same time by utilizing one output. Most of the electric vehicle relays can also be used within non electric automobiles. Solid state relays have become low-cost in the long run and are likely to propel the electric vehicle relays market growth. Relays are electrically operated switches which allow small current flow circuits to manage and operate a higher circuit in automotive applications. The solid state relay utilizes an electrically powered signal to create an optical semiconductor signal. This kind of relay does include any physically moving parts. Solid state relays which can be used as substitutes for electromechanical relays will accelerate the market in terms of value. The unavailability of physically moving parts in solid state relays causes minimum wear compared to electromechanical relays and makes them more sustainable. Rise in electronics and safety requirements in electric vehicles is another major driver stimulating the electric vehicle relays market growth. Relays find various applications in electric vehicles, such as generic and specific applications. Moreover, the rising number of applications in electric vehicles which need relays will remain a key factor driving the growth of the global electric vehicle relays market over the coming years. In addition, the constant growth in the change from mechanical parts-based automotive components to electronic parts-based automotive components is likely to increase. On the other hand, the factors such as dearth of charging infrastructure along with the higher cost of electric vehicles will impede the electric vehicle relay market.

Furthermore, the rising demand for higher capacity of switching relays for electric/hybrid powertrain will create opportunities for the market growth. Also the rising usage of DC motor in automotive body electronics will further provide lucrative opportunities for the electric vehicle relay market growth.

The global Electric Vehicle Relay Market is segregated on the basis of Vehicle Type as Passenger Vehicle and Commercial Vehicle. Based on Type the global Electric Vehicle Relay Market is segmented in Electric Vehicle, Plug-in Hybrid Vehicle and Hybrid Vehicle. Based on Sales Channel the global Electric Vehicle Relay Market is segmented in OEM and Aftermarket.

The global Electric Vehicle Relay Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Electric Vehicle Relay Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Panasonic, TE Connectivity, Omron, HELLA and others are among the major players in the global Electric Vehicle Relay Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In November 2018, Europe-basedPanasonic Industry made a new partnership with supplier Bürklin Elektronik. Bürklin Elektronik supplies high-quality electronic components and will provide electronic components such as relays, resistors, capacitors, switches, PhotoMOS, PIR motion sensors, and solar cells also factory sensors, temperature controller, fans, timer and counter to Panasonic Industry Europe. This agreement will support improve sales across the EMEA region.
• In September 2018, TE Connectivity launched CII FC-335 SERIES relays. These relays are designed for motor, harsh inductive, and lamp load usages in the defense, aerospace and marine industries.
• In August 2018, Panasonic introduced the novel 60A-500V high voltage relay for electric vehicle applications
• In October 2017, Panasonic introduced its DJ-H SERIES relays. The new DJ-H Series are single-coil or double-coil latching relays consist of a UL rating for electronic ballast load of 20A at 277VAC/347VAC. These relays are perfect for applications including lighting control, shutters, and blind controls.

The global Electric Vehicle Relay Market has been segmented as below:

Electric Vehicle Relay Market, By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle
• Based on Type

Electric Vehicle Relay Market, By Electric Vehicle

• Plug-in Hybrid Vehicle
• Hybrid Vehicle

Electric Vehicle Relay Market, By Sales Channel

• OEM
• Aftermarket

Electric Vehicle Relay Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Electric Vehicle Relay Market, By Company

• Panasonic
• TE Connectivity
• Omron
• HELLA
• Fujitsu
• LSIS
• Gruner
• NEC
• American Zettler
• Hongfa
• Hu Gong
• Song Chuan
• Tianyi Electrical
• Sanyou
• Ningbo Forward
• Songle Relay
• Ningbo Huike
• Qunli Electric
• DENSO Corp.
• Littelfuse Inc.
• Robert Bosch GmbH
• Siemens AG
• SENSATA TECHNOLOGIES HOLDING PLC
  

The report covers the below scope:

• Global Electric Vehicle Relay Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Electric Vehicle Relay Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Electric Vehicle Relay Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Electric Vehicle Relay Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Vehicle Relay Market share. Major industry players with significant revenue share include Panasonic, TE Connectivity, Omron, HELLA, Fujitsu, LSIS, Gruner and others.

Why to Buy this Report:

• Gain detailed insights on the Electric Vehicle Relay industry trends
• Find complete analysis on the market status
• Identify the Electric Vehicle Relay Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Electric Vehicle Relay Market, By Vehicle Type

5.1.      Key Points

5.2.  Passenger Vehicle

5.3.  Commercial Vehicle

6.    Electric Vehicle Relay Market, By Type

6.1.      Key Points

6.2. Electric Vehicle

6.3. Plug-in Hybrid Vehicle

6.4. Hybrid Vehicle

7.     Electric Vehicle Relay Market, By Sales Channel

7.1.      Key Points

7.2.  OEM

7.3.  Aftermarket

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Electric Vehicle Relay Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Panasonic

9.2. TE Connectivity

9.3. Omron

9.4. HELLA

9.5.  Fujitsu

9.6. LSIS

9.7.  Gruner

9.8. NEC

9.9. American Zettler

9.10.    Hongfa

9.11.      Hu Gong

9.12.    Song Chuan

9.13.     Tianyi Electrical

9.14.    Sanyou

9.15.     Ningbo Forward

9.16.    Songle Relay

9.17.     Ningbo Huike

9.18.    Qunli Electric

9.19.    DENSO Corp.

9.20.   Littelfuse Inc.

9.21.   Robert Bosch GmbH

9.22.   Siemens AG

9.23.   SENSATA TECHNOLOGIES HOLDING PLC