Auto Relay Market Size 2021 Manufacturing Size, Share, Opportunities, Trends, Industry Expansion Strategies and Global Analysis by Forecast to 2027 -Panasonic, TE Connectivity, Omron, HELLA

The Auto Relay Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Auto Relay Market Size is Projected to Reach at a CAGR of 5% during 2021-2027.

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Market Overview

The consistent rise in the demand for fuel-efficient vehicles and technological advancements in-vehicle electronics are some of the major driving factors for the growing demand for relay in automobiles.
The demand for advanced relays, with light-weight and high-performance characteristics, is compelling manufacturers to invest in producing more solid-state relays, compared to traditional heavy electromechanical relays, owing to the growing hybrid and electric vehicles demand in the region. For instance, in 2017, Volvo, one of the major automakers in the industry, stated that it may only manufacture electric cars by 2019, under the project of the Five-Year plan of the Paris Agreement in France.
The market for the automotive relay is highly competitive, due to the presence of both international and domestic relay suppliers in the region. The companies are investing heavily in R&D projects and are launching new products.

Top Leading Companies:

Panasonic, TE Connectivity, Omron, HELLA, Fujitsu, LSIS, Gruner, NEC, American Zettler, Hongfa, Hu Gong, Song Chuan, Tianyi Electrical, Sanyou, Ningbo Forward, Songle Relay, Ningbo Huike, Qunli Electric

Recent Development:

For instance, in Aug 2017, Nidec Corporation announced that its Nagano Prefecture wholly-owned subsidiary, Nidec Sankyo Corporation, acquired the entire business of Tokyo Maruzen Industry Co., Ltd., a manufacturer of electric contact materials in Chiba Prefecture.
In April 2017, Panasonic Corporation decided to merge its two wholly-owned subsidiaries, Panasonic Industrial Devices Obihiro Co., Ltd. (PID Obihiro) and Panasonic Industrial Devices Taiko Co., Ltd. (PID Taiko).

OMRON has acquired 10 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 2 assets. OMRON’s largest acquisition to date was in 2015 when it acquired Adept Technology for $200M. OMRON has been acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include automotive (23%) and electrical equipment (23%).

Auto Relay Market Segmentation by Type:

Plug-In Relay
PCB Relay

Auto Relay Market Segmentation by Application:

Heating
Lamps & Filter Capacitors
Solenoids, Motors & Pumps

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Regional Auto Relay Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Auto Relay Market Report:

Detailed overview of Auto Relay Market
Changing the Auto Relay market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Auto Relay market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Auto Relay Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Auto Relay Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Auto Relay industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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