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
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