Report forecast the global electric vehicle
relays market to grow at a CAGR of 15.48% during the period 2017-2021.
A relay is an electrically operated switch,
which is used to control circuits individually or multiple circuits together
using a single signal. It typically works as an on/off switch connecting or
disconnecting a particular circuit from the power supply to start or stop its
function, respectively. In older times, relays were extensively used in
telephone exchanges and computers to perform logical operations, where
switching on/off, functioned the algorithm. They have two stable states: being
energized and latched or being in the de-energized and unlatched state.
The report covers the present scenario and
the growth prospects of the global electric vehicle relays market for
2017-2021. The report presents a detailed picture of the market by way of
study, synthesis, and summation of data from multiple sources.
The
market is divided into the following segments based on geography:
- APAC
- Europe
- North America
According to the report, one driver in the
market is increasing product portfolio and adoption of EVs. The development and
adoption of alternative fuel vehicles are considered as major solutions to
reduce the emissions of greenhouse gases. Alternative fuel vehicles run on
alternative sources of energy, such as electricity, hybrid energy, solar
energy, wind energy, or biofuels. APAC, North America, and Europe implement
stringent regulations on fuel emissions and consumption, and tax incentives for
the increased adoption of EVs.
Further, the report states that one
challenge in the market is powered switches, a substitute for relays, gaining
market penetration. Relays connect various components in the automotive
vehicles and regulate the power flow between various components to ensure that
no product is damaged due to excess current supply or overheating. EVs are
equipped with nearly 40 relays performing different functions. With the
advancements in technology, the powered switch is being used as a replacement
for relays as it is an integrated system, which performs the task of all the
relays combined.
Global
Electric Vehicle Relays Market 2017-2021, has been
prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the global electric vehicle
relays market: DENSO CORPORATION, Panasonic, and TE connectivity.
Other Prominent Vendors in the market are:
American Zettler, Delphi Automotive, Fujitsu, Mouser Electronics, OMRON
Corporation, and YMtech.
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
Key
questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Spanning over 65 pages “Global
Electric Vehicle Relays Market 2017 - 2021” report covers Executive
summary, Introduction, Scope of the report, Research Methodology, Market
landscape, Market segmentation by relay type, Geographical segmentation,
Decision framework, Drivers and challenges, Market trends, Vendor landscape,
Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UVp
For related reports please visit: Electric Vehicle Market Research Reports
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at: https://www.marketresearchreports.com/automotive
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