Electric Vehicle Relays Industry's Trends, Analysis, Growth & Forecast by 2021

Research analysis on the global electric vehicle relays market identifies that the introduction of stringent regulations on fuel efficiency and emissions will be one of the major factors that will have a positive impact on the growth of the market. Publisher’s market research analysts predict that this market will grow at a CAGR of more than 15% by 2021. Numerous countries have introduced stringent emission norms to reduce greenhouse gas emissions and lower the effects of global warming. The European Union, has set certain emission standards and fuel consumption levels for new vehicles. Countries such as China and India have also set emissions regulations that similar to the European Union. This will induce automakers to introduce zero emission vehicles, nearly zero emission vehicles, or electric vehicles, which will subsequently drive the growth of the electric vehicle relay market.

The introduction of intelligent relays is one of the latest trends that will contribute to the growth of this market in the forthcoming years. Intelligent relays that integrates with various components such as timers, push buttons, and counters into a single compact device and can be easily configured. The intelligent relays are programmed for easy installation in electric vehicles to offer better reliability and endurability. These relays also allow changes in the program and functions to be made through a single panel interface which removes the need for changing wires and wiring diagrams.

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

-APAC

-Europe

-North America

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The electric vehicle relays market consists of top tier-1 suppliers. These suppliers are also the key vendors for power electronics for EVs and other auto parts. One of the popular vendors DENSO CORPORATION is the leading supplier of advanced automotive technology systems and components for major automakers. Automotive, customer products, industrial products, micro grid, electric power assist, security, healthcare, biotechnology, agriculture support, cold chain, and community network solutions are the key business areas the company focuses on.

The leading vendors in the market are -

DENSO CORPORATION

Panasonic

TE connectivity

The other prominent vendors in the market are American Zettler, Delphi Automotive, Fujitsu, Mouser Electronics, OMRON Corporation, and YMtech.

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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

Market trend

-Short replacement period of portable electronic devices

-For a full, detailed list, view our report

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Five forces analysis

PART 07: Market segmentation

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

Complete Report is Available at: http://www.reportsweb.com/global-electric-vehicle-relays-market-2017-2021

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