Future Growth of Automotive Relay Market Forecast to 2026 in a Newly Released Report Profiling Delphi Automotive PLC, Denso Corporation, Fujitsu Limited, ABB Group, Eaton Corporation, Hella KGaA Hueck & Co., Robert Bosch GmbH

The global Automotive Relay market generated USD 10.00 billion in 2017 and is anticipated to grow at a CAGR of 7.2% during the forecast period according to a new research published by Polaris Market Research.

Automotive relay is an electromechanical or electronic device that enables a heavy load to be controlled with a nominal input of current & voltage. Automotive relay is an electromagnetic switch capable of turning on or off a much larger electric current while being operated by a relatively small electric current. Automotive relay also assists in conserving energy, increasing the life of a device, and improving the overall efficiency of a device.

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The demand for automotive relay has increased owing to increasing need for vehicular safety, and growing demand for luxury vehicles. The growth in global automotive industry and increasing modernization of vehicles has resulted in automotive relay market growth. The growing adoption of electric vehicles, and introduction of stringent government regulations regarding vehicular safety further increase the demand for automotive relays. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities for automotive relay market during the forecast period.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Relay Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

The Asia-Pacific automotive relay market generated the highest revenue in 2017 owing to increasing automotive demand due to increasing disposable income and improving living standards in the region. The established automotive industry, and strict government regulations have resulted in increasing adoption of automotive relay in the region. The high penetration of electric vehicles in the region further influences the automotive relay market growth. The increasing demand for automotive relays from countries such as Japan, India, and South Korea, along with economic growth in this region is expected to provide growth opportunities during the forecast period.

Competitive Landscape and Key Vendors

The global automotive relay market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the automotive relay market report include Delphi Automotive PLC, Denso Corporation, Fujitsu Limited, ABB Group, Eaton Corporation, Hella KGaA Hueck & Co., Robert Bosch GmbH, NEC Corporation, Siemens AG, and TE Connectivity Ltd.

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Key Segments

Relay Type
• Signal Relay
• Time Relay
• Plug-in Relay
• PCB Relay
• Protective Relay
• High Voltage Relay
• Others
Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles
Application
• Lighting
• Air Conditioning
• Power Windows
• Central Lock
• Engine Management
• Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
Middle East and Africa.

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.

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Corporate Sales, USA
Polaris Market Research
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This release was published on openPR.