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North America Relay Market Report and Forecast 2025-2034

Publisher Expert Market Research
Published May 29, 2025
Length 105 Pages
SKU # EMAR20079078

Description

The North America relay market size is projected to grow at a CAGR of 5.40% between 2025 and 2034. Rapid technological advancements are expected to drive the market growth over the forecast period.

Technological advancements are enabling companies to manufacture innovative current switching solutions, such as photoelectrical relays, driving the North America relay market growth. Photoelectric relays are relatively more durable and reliable than mechanical relays as they utilise light for their operation. Besides, they require a relatively small amount of current (3mA-5mA) to move the armature and get the output. This results in substantial power savings.

Photoelectrical relays can prevent contact bounce and provide faster switching speeds. Their small size and high efficiency are fuelling their demand, which is expected to fuel the market over the forecast period.

The demand for reed relays is witnessing significant growth in testing and measurement applications. This is because they have lightweight parts that enable faster switching (up to a factor of 10). Moreover, they have a high range of operating speed (200-500 microseconds), which significantly minimises the time and cost of testing in the production environment.

Reed relays provide a high insulation resistance and are capable of handling high-frequency signals. Their hermetically sealed contacts prevent the entry of contaminants into critical contact areas, which helps in improving their switching characteristics. Their small size and fast actuation time are making them increasingly popular across diverse industries, driving the North America relay market development.

Market Segmentation

North America Relay Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

Electromechanical
Thermal
Reed
Time
Solid State
Others

Market Breakup by Voltage Range

Low
Medium
High

Market Breakup by End Use

Aerospace, Defence and Military
Automotive
Communications
Energy and Power
Industrial
Others

Market Breakup by Region

United States of America
Canada

The key North America relay market players are Robert Bosch GmbH, TE Connectivity Ltd., Denson Corp., Eaton Corp. Plc, Schneider Electric SE, ABB Ltd., Panasonic Holdings Corp., Sensata Technologies Holding Plc, Fujitsu Ltd., Nidec Corporation, and Hongfa Technology Co. Ltd., among others.

Table of Contents

105 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Relay Market Overview
5.1 Key Industry Highlights
5.2 Global Relay Historical Market (2018-2024)
5.3 Global Relay Market Forecast (2025-2034)
5.4 Global Relay Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 North America Relay Market Overview
6.1 Key Industry Highlights
6.2 North America Relay Historical Market (2018-2024)
6.3 North America Relay Market Forecast (2025-2034)
7 North America Relay Market by Type
7.1 Electromechanical
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Thermal
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Reed
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Time
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Solid State
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
7.6 Others
8 North America Relay Market by Voltage Range
8.1 Low
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Medium
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 High
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
9 North America Relay Market by End Use
9.1 Aerospace, Defence and Military
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Automotive
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Communications
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Energy and Power
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
9.5 Industrial
9.5.1 Historical Trend (2018-2024)
9.5.2 Forecast Trend (2025-2034)
9.6 Others
10 North America Relay Market by Country
10.1 United States of America
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Canada
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators of Demand
11.4 Key Indicators of Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code – 853641, 853649)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Robert Bosch GmbH
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 TE Connectivity Ltd.
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 Denson Corp.
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Eaton Corp. Plc
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Schneider Electric SE
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 ABB Ltd.
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 Panasonic Holdings Corp.
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 Sensata Technologies Holding Plc
14.5.8.1 Company Overview
14.5.8.2 Product Portfolio
14.5.8.3 Demographic Reach and Achievements
14.5.8.4 Certifications
14.5.9 Fujitsu Ltd.
14.5.9.1 Company Overview
14.5.9.2 Product Portfolio
14.5.9.3 Demographic Reach and Achievements
14.5.9.4 Certifications
14.5.10 Nidec Corporation
14.5.10.1 Company Overview
14.5.10.2 Product Portfolio
14.5.10.3 Demographic Reach and Achievements
14.5.10.4 Certifications
14.5.11 Hongfa Technology Co. Ltd.
14.5.11.1 Company Overview
14.5.11.2 Product Portfolio
14.5.11.3 Demographic Reach and Achievements
14.5.11.4 Certifications
14.5.12 Others

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