A relay is an electrically operated switch. It consists of a set of input terminals for a single or multiple control signals, and a set of operating contact terminals. The switch may have any number of contacts in multiple contact forms, such as make contacts, break contacts, or combinations thereof.
The global EV Relay market size is projected to grow from US$ 3390 million in 2024 to US$ 17610 million in 2030; it is expected to grow at a CAGR of 31.6% from 2024 to 2030.
The “EV Relay Industry Forecast” looks at past sales and reviews total world EV Relay sales in 2023, providing a comprehensive analysis by region and market sector of projected EV Relay sales for 2024 through 2030. With EV Relay sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EV Relay industry.
This Insight Report provides a comprehensive analysis of the global EV Relay landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EV Relay portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global EV Relay market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EV Relay and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EV Relay.
Global core EV relay players include Panasonic, Xiamen Hongfa Electroacoustic and Denso etc. The top 5 companies hold a share about 81%. Panasonic is the world's largest EV relay manufacturer, with a market share of approximately 36%. Asia Pacific is the largest market, with a share about 48%. In terms of product, main relay is the largest segment, with a share about 30%. And in terms of application, the largest application is BEV, with a share about 71%.
This report presents a comprehensive overview, market shares, and growth opportunities of EV Relay market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Main Relay
Quick Charge Relay
Others
Segmentation by Application:
BEV
PHEV
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Panasonic
Xiamen Hongfa Electroacoustic
Denso
TE Connectivity
Omron
BYD
Shanghai SCII
Song Chuan Precision
Sanyou Relays
Shenzhen Busbar
YM Tech
Sensata Technologies
Key Questions Addressed in this Report
What is the 10-year outlook for the global EV Relay market?
What factors are driving EV Relay market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EV Relay market opportunities vary by end market size?
How does EV Relay break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global EV Relay Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for EV Relay by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for EV Relay by Country/Region, 2019, 2023 & 2030
2.2 EV Relay Segment by Type
2.2.1 Main Relay
2.2.2 Quick Charge Relay
2.2.3 Others
2.3 EV Relay Sales by Type
2.3.1 Global EV Relay Sales Market Share by Type (2019-2024)
2.3.2 Global EV Relay Revenue and Market Share by Type (2019-2024)
2.3.3 Global EV Relay Sale Price by Type (2019-2024)
2.4 EV Relay Segment by Application
2.4.1 BEV
2.4.2 PHEV
2.5 EV Relay Sales by Application
2.5.1 Global EV Relay Sale Market Share by Application (2019-2024)
2.5.2 Global EV Relay Revenue and Market Share by Application (2019-2024)
2.5.3 Global EV Relay Sale Price by Application (2019-2024)
3 Global by Company
3.1 Global EV Relay Breakdown Data by Company
3.1.1 Global EV Relay Annual Sales by Company (2019-2024)
3.1.2 Global EV Relay Sales Market Share by Company (2019-2024)
3.2 Global EV Relay Annual Revenue by Company (2019-2024)
3.2.1 Global EV Relay Revenue by Company (2019-2024)
3.2.2 Global EV Relay Revenue Market Share by Company (2019-2024)
3.3 Global EV Relay Sale Price by Company
3.4 Key Manufacturers EV Relay Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers EV Relay Product Location Distribution
3.4.2 Players EV Relay Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for EV Relay by Geographic Region
4.1 World Historic EV Relay Market Size by Geographic Region (2019-2024)
4.1.1 Global EV Relay Annual Sales by Geographic Region (2019-2024)
4.1.2 Global EV Relay Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic EV Relay Market Size by Country/Region (2019-2024)
4.2.1 Global EV Relay Annual Sales by Country/Region (2019-2024)
4.2.2 Global EV Relay Annual Revenue by Country/Region (2019-2024)
4.3 Americas EV Relay Sales Growth
4.4 APAC EV Relay Sales Growth
4.5 Europe EV Relay Sales Growth
4.6 Middle East & Africa EV Relay Sales Growth
5 Americas
5.1 Americas EV Relay Sales by Country
5.1.1 Americas EV Relay Sales by Country (2019-2024)
5.1.2 Americas EV Relay Revenue by Country (2019-2024)
5.2 Americas EV Relay Sales by Type (2019-2024)
5.3 Americas EV Relay Sales by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC EV Relay Sales by Region
6.1.1 APAC EV Relay Sales by Region (2019-2024)
6.1.2 APAC EV Relay Revenue by Region (2019-2024)
6.2 APAC EV Relay Sales by Type (2019-2024)
6.3 APAC EV Relay Sales by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe EV Relay by Country
7.1.1 Europe EV Relay Sales by Country (2019-2024)
7.1.2 Europe EV Relay Revenue by Country (2019-2024)
7.2 Europe EV Relay Sales by Type (2019-2024)
7.3 Europe EV Relay Sales by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa EV Relay by Country
8.1.1 Middle East & Africa EV Relay Sales by Country (2019-2024)
8.1.2 Middle East & Africa EV Relay Revenue by Country (2019-2024)
8.2 Middle East & Africa EV Relay Sales by Type (2019-2024)
8.3 Middle East & Africa EV Relay Sales by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of EV Relay
10.3 Manufacturing Process Analysis of EV Relay
10.4 Industry Chain Structure of EV Relay
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 EV Relay Distributors
11.3 EV Relay Customer
12 World Forecast Review for EV Relay by Geographic Region
12.1 Global EV Relay Market Size Forecast by Region
12.1.1 Global EV Relay Forecast by Region (2025-2030)
12.1.2 Global EV Relay Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country (2025-2030)
12.3 APAC Forecast by Region (2025-2030)
12.4 Europe Forecast by Country (2025-2030)
12.5 Middle East & Africa Forecast by Country (2025-2030)
12.6 Global EV Relay Forecast by Type (2025-2030)
12.7 Global EV Relay Forecast by Application (2025-2030)
13 Key Players Analysis
13.1 Panasonic
13.1.1 Panasonic Company Information
13.1.2 Panasonic EV Relay Product Portfolios and Specifications
13.1.3 Panasonic EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Panasonic Main Business Overview
13.1.5 Panasonic Latest Developments
13.2 Xiamen Hongfa Electroacoustic
13.2.1 Xiamen Hongfa Electroacoustic Company Information
13.2.2 Xiamen Hongfa Electroacoustic EV Relay Product Portfolios and Specifications
13.2.3 Xiamen Hongfa Electroacoustic EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Xiamen Hongfa Electroacoustic Main Business Overview
13.2.5 Xiamen Hongfa Electroacoustic Latest Developments
13.3 Denso
13.3.1 Denso Company Information
13.3.2 Denso EV Relay Product Portfolios and Specifications
13.3.3 Denso EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Denso Main Business Overview
13.3.5 Denso Latest Developments
13.4 TE Connectivity
13.4.1 TE Connectivity Company Information
13.4.2 TE Connectivity EV Relay Product Portfolios and Specifications
13.4.3 TE Connectivity EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 TE Connectivity Main Business Overview
13.4.5 TE Connectivity Latest Developments
13.5 Omron
13.5.1 Omron Company Information
13.5.2 Omron EV Relay Product Portfolios and Specifications
13.5.3 Omron EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Omron Main Business Overview
13.5.5 Omron Latest Developments
13.6 BYD
13.6.1 BYD Company Information
13.6.2 BYD EV Relay Product Portfolios and Specifications
13.6.3 BYD EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 BYD Main Business Overview
13.6.5 BYD Latest Developments
13.7 Shanghai SCII
13.7.1 Shanghai SCII Company Information
13.7.2 Shanghai SCII EV Relay Product Portfolios and Specifications
13.7.3 Shanghai SCII EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Shanghai SCII Main Business Overview
13.7.5 Shanghai SCII Latest Developments
13.8 Song Chuan Precision
13.8.1 Song Chuan Precision Company Information
13.8.2 Song Chuan Precision EV Relay Product Portfolios and Specifications
13.8.3 Song Chuan Precision EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Song Chuan Precision Main Business Overview
13.8.5 Song Chuan Precision Latest Developments
13.9 Sanyou Relays
13.9.1 Sanyou Relays Company Information
13.9.2 Sanyou Relays EV Relay Product Portfolios and Specifications
13.9.3 Sanyou Relays EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Sanyou Relays Main Business Overview
13.9.5 Sanyou Relays Latest Developments
13.10 Shenzhen Busbar
13.10.1 Shenzhen Busbar Company Information
13.10.2 Shenzhen Busbar EV Relay Product Portfolios and Specifications
13.10.3 Shenzhen Busbar EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.10.4 Shenzhen Busbar Main Business Overview
13.10.5 Shenzhen Busbar Latest Developments
13.11 YM Tech
13.11.1 YM Tech Company Information
13.11.2 YM Tech EV Relay Product Portfolios and Specifications
13.11.3 YM Tech EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 YM Tech Main Business Overview
13.11.5 YM Tech Latest Developments
13.12 Sensata Technologies
13.12.1 Sensata Technologies Company Information
13.12.2 Sensata Technologies EV Relay Product Portfolios and Specifications
13.12.3 Sensata Technologies EV Relay Sales, Revenue, Price and Gross Margin (2019-2024)
13.12.4 Sensata Technologies Main Business Overview
13.12.5 Sensata Technologies Latest Developments
14 Research Findings and Conclusion
*If Applicable.