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Global Electric Vehicle Relays Market 2017-2021

About Electric Vehicle Relays

A relay is an electrically operated switch, which is used to control circuits individually or multiple circuits together using a single signal. It typically works as an on/off switch connecting or disconnecting a particular circuit from the power supply to start or stop its function, respectively. In older times, relays were extensively used in telephone exchanges and computers to perform logical operations, where switching on/off, functioned the algorithm. They have two stable states: being energized and latched or being in the de-energized and unlatched state.

Technavio’s analysts forecast the global electric vehicle relays market to grow at a CAGR of 15.48% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric vehicle relays market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
Technavio's report, Global Electric Vehicle Relays Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DENSO CORPORATION
  • Panasonic
  • TE connectivity
Other prominent vendors
  • American Zettler
  • Delphi Automotive
  • Fujitsu
  • Mouser Electronics
  • OMRON Corporation
  • YMtech
Market driver
  • Increasing product portfolio and adoption of EVs
  • For a full, detailed list, view our report
Market challenge
  • Powered switches, a substitute for relays, gaining market penetration
  • For a full, detailed list, view our report
Market trend
  • Development of intelligent relays
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Vehicle Relays Market 2017-2021

Technavio recognizes the following companies as the key players in the global electric vehicle relays market: DENSO CORPORATION, Panasonic, and TE connectivity.

Other Prominent Vendors in the market are: American Zettler, Delphi Automotive, Fujitsu, Mouser Electronics, OMRON Corporation, and YMtech.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of intelligent relays. As EVs require multiple relays connected between systems, suppliers and OEMs are in continuous developments of power electronics to decrease the number of components. To eliminate multiple relays, timers and pushbutton technologies are being incorporated with relays, where the relay is connected and disconnected with various systems on a timed basis.”

According to the report, one driver in the market is increasing product portfolio and adoption of EVs. The development and adoption of alternative fuel vehicles are considered as major solutions to reduce the emissions of greenhouse gases. Alternative fuel vehicles run on alternative sources of energy, such as electricity, hybrid energy, solar energy, wind energy, or biofuels. APAC, North America, and Europe implement stringent regulations on fuel emissions and consumption, and tax incentives for the increased adoption of EVs.

Further, the report states that one challenge in the market is powered switches, a substitute for relays, gaining market penetration. Relays connect various components in the automotive vehicles and regulate the power flow between various components to ensure that no product is damaged due to excess current supply or overheating. EVs are equipped with nearly 40 relays performing different functions. With the advancements in technology, the powered switch is being used as a replacement for relays as it is an integrated system, which performs the task of all the relays combined.

Companies Mentioned

DENSO CORPORATION, Panasonic, TE connectivity, American Zettler, Delphi Automotive, Fujitsu, Mouser Electronics, OMRON Corporation, and YMtech.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Classification of electric relays
  • Market landscape
    • Market overview
      • Table Global EV relays market landscape
    • Market size and forecast
      • Table Major EV relays used and their features
      • Table Global EV market 2016-2021 (units in millions)
      • Table Global EV relays market 2016-2021 ($ billion)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by relay type
    • Market overview
      • Table Global EV relays market by relay type 2016
      • Table Global EV relays market by relay type 2021
    • Global electric vehicle market by PCB relay
      • Table EV PCB relays market 2016-2021 ($ billion)
    • Global electric vehicle market by plug-in relay
      • Table EV plug-in relays market 2016-2021 ($ billion)
  • Geographical segmentation
    • Market overview
      • Table Global EV relays market by geography 2016
      • Table Global EV relays market by geography 2021
    • EV relays market in APAC
      • Table EV relays market in APAC 2016-2021 ($ billion)
    • EV relays market in North America
      • Table EV relays market in North America 2016-2021 ($ billion)
    • EV relays market in Europe
      • Table EV relays market in Europe 2016-2021 ($ billion)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
  • Vendor landscape
    • Competitive benchmarking
      • Table Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • DENSO CORPORATION
      • Table DENSO CORPORATION: Product portfolio
      • Table DENSO CORPORATION: Recent developments
    • Panasonic
      • Table Panasonic: EV relays product portfolio
      • Table Panasonic: Recent developments
    • TE Connectivity
      • Table TE Connectivity: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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