Automotive High Voltage DC Relays Market Research Report, Size, Industry Forecast Analysis | Valuates Reports

The global Automotive High Voltage DC Relays market was valued at US$ 785 million in 2023 and is anticipated to reach US$ 1171.5 million by 2030, witnessing a CAGR of 6.3% during the forecast period 2024-2030.

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High voltage relays are electromechanical devices whose purpose is to switch to high voltage signals (> 1kV) and high frequency applications. These relays are heavily insulated and are made of strong materials to increase contact life.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

This report aims to provide a comprehensive presentation of the global market for Automotive High Voltage DC Relays, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive High Voltage DC Relays.

The report will help the Automotive High Voltage DC Relays manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

By Type
Vacuum Relay
Gas-filled Relay

By Application
Hybrid Electric Vehicles
Full Electric Vehicle
Fuel Cell Vehicle
Key Companies

Panasonic, Xiamen Hongfa Electroacoustic, TE Connectivity, Denso, Fujitsu, Gigavac(Sensata), Song Chuan Precision

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This release was published on openPR.