+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Asia Pacific Relay Market Size, Share & Trends Analysis Report By Mounting Type (PCB Mount, Plug In, Din Rail Mount, and Panel Mount), By Type, By End User. By Country and Growth Forecast, 2023 - 2030

  • PDF Icon

    Report

  • 181 Pages
  • March 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953752
The Asia Pacific Relay Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 34522.0 thousand units, showcasing a growth of 9.5% (2019-2022).

Surface mount technology (SMT) offers a more space-efficient solution by directly soldering components onto the surface of the PCB, facilitating automated assembly processes and enabling higher component densities. Additionally, there are specialized mounting types such as panel mount and socket mount, offering versatility for applications requiring external or interchangeable relay configurations. Therefore, the India market utilized 2,088.54 thousand units of relays in PCB mount in 2022.



The China market dominated the Asia Pacific Relay Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,215.7 million by 2030. The Japan market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.8% during (2023 - 2030).

With the increasing focus on sustainable energy solutions, relays play a key role in renewable energy systems. They are employed in solar inverters, wind turbine control systems, and other components of renewable energy infrastructure, aiding in the efficient conversion and distribution of clean energy. Manufacturers are under increasing pressure to develop eco-friendly and energy-efficient relay solutions. The increasing adoption of renewable energy across countries will help in the rising demand for relays. As per the International Energy Agency, more than one-third of total electricity generation is projected to come from renewable sources by early 2025, surpassing coal.

In addition, reliability remains a paramount consideration in the relay market. The industry is witnessing a trend towards developing relays with enhanced reliability and durability. Additionally, there is a growing focus on predictive maintenance solutions, leveraging technologies such as sensors and analytics to anticipate and address potential relay failures before they occur. Manufacturers are investing in research and development to create relay systems that can withstand harsh operating conditions, temperature extremes, mechanical stress, and other environmental challenges.

The proliferation of IoT devices and applications in China contributes to the need for reliable communication networks. Relays are integral to IoT devices, helping manage data flow and signals. Ongoing efforts to enhance and expand the overall telecom infrastructure in China, including constructing new base stations and optimizing existing networks, contribute to increased demand for relay solutions. Thus, with the growing energy consumption and telecom sector in Asia Pacific, there will be increased demand for relays in the region.

Based on Mounting Type, the market is segmented into PCB Mount, Plug In, Din Rail Mount, and Panel Mount. Based on Type, the market is segmented into Time Relay, Protection Relay, Monitor & Control Relay, General Purpose Relays, and Others. Based on End User, the market is segmented into Power Generation & Distribution, Industrial Automation, Communication & Technology, Automotive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Taiwan, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Fujitsu Limited
  • ABB Ltd.
  • Broadcom, Inc.
  • Eaton Corporation PLC
  • Schneider Electric SE
  • Siemens AG
  • TE Connectivity Ltd.
  • General Electric Company
  • Rockwell Automation, Inc.
  • Omron Corporation

Market Report Segmentation

By Mounting Type (Volume, Thousand Units, USD Billion, 2019-2030)
  • PCB Mount
  • Plug In
  • Din Rail Mount
  • Panel Mount
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
  • Time Relay
  • Protection Relay
  • Monitor & Control Relay
  • General Purpose Relays
  • Others
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
  • Power Generation & Distribution
  • Industrial Automation
  • Communication & Technology
  • Automotive
  • Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Relay Market, by Mounting Type
1.4.2 Asia Pacific Relay Market, by Type
1.4.3 Asia Pacific Relay Market, by End User
1.4.4 Asia Pacific Relay Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Product Launches and Product Expansions
4.2.2 Acquisition and Mergers
4.2.3 Geographical Expansions & Business Expansions
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Dec - 2023, Aug) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Asia Pacific Relay Market by Mounting Type
5.1 Asia Pacific PCB Mount Market by Country
5.2 Asia Pacific Plug In Market by Country
5.3 Asia Pacific Din Rail Mount Market by Country
5.4 Asia Pacific Panel Mount Market by Country
Chapter 6. Asia Pacific Relay Market by Type
6.1 Asia Pacific Time Relay Market by Country
6.2 Asia Pacific Protection Relay Market by Country
6.3 Asia Pacific Monitor & Control Relay Market by Country
6.4 Asia Pacific General Purpose Relays Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Relay Market by End User
7.1 Asia Pacific Power Generation & Distribution Market by Country
7.2 Asia Pacific Industrial Automation Market by Country
7.3 Asia Pacific Communication & Technology Market by Country
7.4 Asia Pacific Automotive Market by Country
7.5 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Relay Market by Country
8.1 China Relay Market
8.1.1 China Relay Market by Mounting Type
8.1.2 China Relay Market by Type
8.1.3 China Relay Market by End User
8.2 Japan Relay Market
8.2.1 Japan Relay Market by Mounting Type
8.2.2 Japan Relay Market by Type
8.2.3 Japan Relay Market by End User
8.3 India Relay Market
8.3.1 India Relay Market by Mounting Type
8.3.2 India Relay Market by Type
8.3.3 India Relay Market by End User
8.4 South Korea Relay Market
8.4.1 South Korea Relay Market by Mounting Type
8.4.2 South Korea Relay Market by Type
8.4.3 South Korea Relay Market by End User
8.5 Taiwan Relay Market
8.5.1 Taiwan Relay Market by Mounting Type
8.5.2 Taiwan Relay Market by Type
8.5.3 Taiwan Relay Market by End User
8.6 Malaysia Relay Market
8.6.1 Malaysia Relay Market by Mounting Type
8.6.2 Malaysia Relay Market by Type
8.6.3 Malaysia Relay Market by End User
8.7 Rest of Asia Pacific Relay Market
8.7.1 Rest of Asia Pacific Relay Market by Mounting Type
8.7.2 Rest of Asia Pacific Relay Market by Type
8.7.3 Rest of Asia Pacific Relay Market by End User
Chapter 9. Company Profiles
9.1 Fujitsu Limited
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 ABB Ltd.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Acquisition and Mergers:
9.2.5.2 Geographical Expansions:
9.2.6 SWOT Analysis
9.3 Broadcom, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Eaton Corporation PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Geographical Expansions & Business Expansions:
9.5.6 SWOT Analysis
9.6 Siemens AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 TE Connectivity Ltd.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.6 SWOT Analysis
9.8 General Electric Company
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Rockwell Automation, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.6 SWOT Analysis
9.10. Omron Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • Fujitsu Limited
  • ABB Ltd.
  • Broadcom, Inc.
  • Eaton Corporation PLC
  • Schneider Electric SE
  • Siemens AG
  • TE Connectivity Ltd.
  • General Electric Company
  • Rockwell Automation, Inc.
  • Omron Corporation

Methodology

Loading
LOADING...