Global EV Relay Market Growth 2023-2029

A relay is an electrically operated switch. It consists of a set of input terminals for a single or multiple control signals, and a set of operating contact terminals. The switch may have any number of contacts in multiple contact forms, such as make contacts, break contacts, or combinations thereof.

LPI (LP Information)' newest research report, the “EV Relay Industry Forecast” looks at past sales and reviews total world EV Relay sales in 2022, providing a comprehensive analysis by region and market sector of projected EV Relay sales for 2023 through 2029. With EV Relay sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world EV Relay industry.

This Insight Report provides a comprehensive analysis of the global EV Relay landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on EV Relay portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global EV Relay market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for EV Relay and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global EV Relay.

The global EV Relay market size is projected to grow from US$ 1133.1 million in 2022 to US$ 9057.6 million in 2029; it is expected to grow at a CAGR of 9057.6 from 2023 to 2029.

Global core EV relay players include Panasonic, Xiamen Hongfa Electroacoustic and Denso etc. The top 5 companies hold a share about 80%. Asia Pacific is the largest market, with a share about 48%, followed by Europe and North America with the share about 38% and 10%. In terms of product, main relay is the largest segment, with a share about 40%, followed by quick charge relay, with a share about 30%. And in terms of application, the largest application is BEV, with a share about 70%, followed by PHEV, with a share about 30%.

This report presents a comprehensive overview, market shares, and growth opportunities of EV Relay market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Main Relay
    Quick Charge Relay
    Others

Segmentation by application
    BEV
    PHEV

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Panasonic
    Xiamen Hongfa Electroacoustic
    Denso
    TE Connectivity
    Omron
    BYD
    Shanghai SCII
    Song Chuan Precision
    Sanyou Relays
    Shenzhen Busbar
    YM Tech

Key Questions Addressed in this Report
What is the 10-year outlook for the global EV Relay market?
What factors are driving EV Relay market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do EV Relay market opportunities vary by end market size?
How does EV Relay break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. EV Relay Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. EV Relay Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Main Relay
    Table 4. Major Players of Quick Charge Relay
    Table 5. Major Players of Others
    Table 6. Global EV Relay Sales by Type (2018-2023) & (K Units)
    Table 7. Global EV Relay Sales Market Share by Type (2018-2023)
    Table 8. Global EV Relay Revenue by Type (2018-2023) & ($ million)
    Table 9. Global EV Relay Revenue Market Share by Type (2018-2023)
    Table 10. Global EV Relay Sale Price by Type (2018-2023) & (US$/Unit)
    Table 11. Global EV Relay Sales by Application (2018-2023) & (K Units)
    Table 12. Global EV Relay Sales Market Share by Application (2018-2023)
    Table 13. Global EV Relay Revenue by Application (2018-2023)
    Table 14. Global EV Relay Revenue Market Share by Application (2018-2023)
    Table 15. Global EV Relay Sale Price by Application (2018-2023) & (US$/Unit)
    Table 16. Global EV Relay Sales by Company (2018-2023) & (K Units)
    Table 17. Global EV Relay Sales Market Share by Company (2018-2023)
    Table 18. Global EV Relay Revenue by Company (2018-2023) ($ Millions)
    Table 19. Global EV Relay Revenue Market Share by Company (2018-2023)
    Table 20. Global EV Relay Sale Price by Company (2018-2023) & (US$/Unit)
    Table 21. Key Manufacturers EV Relay Producing Area Distribution and Sales Area
    Table 22. Players EV Relay Products Offered
    Table 23. EV Relay Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 24. New Products and Potential Entrants
    Table 25. Mergers & Acquisitions, Expansion
    Table 26. Global EV Relay Sales by Geographic Region (2018-2023) & (K Units)
    Table 27. Global EV Relay Sales Market Share Geographic Region (2018-2023)
    Table 28. Global EV Relay Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 29. Global EV Relay Revenue Market Share by Geographic Region (2018-2023)
    Table 30. Global EV Relay Sales by Country/Region (2018-2023) & (K Units)
    Table 31. Global EV Relay Sales Market Share by Country/Region (2018-2023)
    Table 32. Global EV Relay Revenue by Country/Region (2018-2023) & ($ millions)
    Table 33. Global EV Relay Revenue Market Share by Country/Region (2018-2023)
    Table 34. Americas EV Relay Sales by Country (2018-2023) & (K Units)
    Table 35. Americas EV Relay Sales Market Share by Country (2018-2023)
    Table 36. Americas EV Relay Revenue by Country (2018-2023) & ($ Millions)
    Table 37. Americas EV Relay Revenue Market Share by Country (2018-2023)
    Table 38. Americas EV Relay Sales by Type (2018-2023) & (K Units)
    Table 39. Americas EV Relay Sales by Application (2018-2023) & (K Units)
    Table 40. APAC EV Relay Sales by Region (2018-2023) & (K Units)
    Table 41. APAC EV Relay Sales Market Share by Region (2018-2023)
    Table 42. APAC EV Relay Revenue by Region (2018-2023) & ($ Millions)
    Table 43. APAC EV Relay Revenue Market Share by Region (2018-2023)
    Table 44. APAC EV Relay Sales by Type (2018-2023) & (K Units)
    Table 45. APAC EV Relay Sales by Application (2018-2023) & (K Units)
    Table 46. Europe EV Relay Sales by Country (2018-2023) & (K Units)
    Table 47. Europe EV Relay Sales Market Share by Country (2018-2023)
    Table 48. Europe EV Relay Revenue by Country (2018-2023) & ($ Millions)
    Table 49. Europe EV Relay Revenue Market Share by Country (2018-2023)
    Table 50. Europe EV Relay Sales by Type (2018-2023) & (K Units)
    Table 51. Europe EV Relay Sales by Application (2018-2023) & (K Units)
    Table 52. Middle East & Africa EV Relay Sales by Country (2018-2023) & (K Units)
    Table 53. Middle East & Africa EV Relay Sales Market Share by Country (2018-2023)
    Table 54. Middle East & Africa EV Relay Revenue by Country (2018-2023) & ($ Millions)
    Table 55. Middle East & Africa EV Relay Revenue Market Share by Country (2018-2023)
    Table 56. Middle East & Africa EV Relay Sales by Type (2018-2023) & (K Units)
    Table 57. Middle East & Africa EV Relay Sales by Application (2018-2023) & (K Units)
    Table 58. Key Market Drivers & Growth Opportunities of EV Relay
    Table 59. Key Market Challenges & Risks of EV Relay
    Table 60. Key Industry Trends of EV Relay
    Table 61. EV Relay Raw Material
    Table 62. Key Suppliers of Raw Materials
    Table 63. EV Relay Distributors List
    Table 64. EV Relay Customer List
    Table 65. Global EV Relay Sales Forecast by Region (2024-2029) & (K Units)
    Table 66. Global EV Relay Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 67. Americas EV Relay Sales Forecast by Country (2024-2029) & (K Units)
    Table 68. Americas EV Relay Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 69. APAC EV Relay Sales Forecast by Region (2024-2029) & (K Units)
    Table 70. APAC EV Relay Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 71. Europe EV Relay Sales Forecast by Country (2024-2029) & (K Units)
    Table 72. Europe EV Relay Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 73. Middle East & Africa EV Relay Sales Forecast by Country (2024-2029) & (K Units)
    Table 74. Middle East & Africa EV Relay Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 75. Global EV Relay Sales Forecast by Type (2024-2029) & (K Units)
    Table 76. Global EV Relay Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 77. Global EV Relay Sales Forecast by Application (2024-2029) & (K Units)
    Table 78. Global EV Relay Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 79. Panasonic Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 80. Panasonic EV Relay Product Portfolios and Specifications
    Table 81. Panasonic EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 82. Panasonic Main Business
    Table 83. Panasonic Latest Developments
    Table 84. Xiamen Hongfa Electroacoustic Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 85. Xiamen Hongfa Electroacoustic EV Relay Product Portfolios and Specifications
    Table 86. Xiamen Hongfa Electroacoustic EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 87. Xiamen Hongfa Electroacoustic Main Business
    Table 88. Xiamen Hongfa Electroacoustic Latest Developments
    Table 89. Denso Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 90. Denso EV Relay Product Portfolios and Specifications
    Table 91. Denso EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 92. Denso Main Business
    Table 93. Denso Latest Developments
    Table 94. TE Connectivity Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 95. TE Connectivity EV Relay Product Portfolios and Specifications
    Table 96. TE Connectivity EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 97. TE Connectivity Main Business
    Table 98. TE Connectivity Latest Developments
    Table 99. Omron Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 100. Omron EV Relay Product Portfolios and Specifications
    Table 101. Omron EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 102. Omron Main Business
    Table 103. Omron Latest Developments
    Table 104. BYD Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 105. BYD EV Relay Product Portfolios and Specifications
    Table 106. BYD EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 107. BYD Main Business
    Table 108. BYD Latest Developments
    Table 109. Shanghai SCII Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 110. Shanghai SCII EV Relay Product Portfolios and Specifications
    Table 111. Shanghai SCII EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 112. Shanghai SCII Main Business
    Table 113. Shanghai SCII Latest Developments
    Table 114. Song Chuan Precision Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 115. Song Chuan Precision EV Relay Product Portfolios and Specifications
    Table 116. Song Chuan Precision EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 117. Song Chuan Precision Main Business
    Table 118. Song Chuan Precision Latest Developments
    Table 119. Sanyou Relays Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 120. Sanyou Relays EV Relay Product Portfolios and Specifications
    Table 121. Sanyou Relays EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 122. Sanyou Relays Main Business
    Table 123. Sanyou Relays Latest Developments
    Table 124. Shenzhen Busbar Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 125. Shenzhen Busbar EV Relay Product Portfolios and Specifications
    Table 126. Shenzhen Busbar EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 127. Shenzhen Busbar Main Business
    Table 128. Shenzhen Busbar Latest Developments
    Table 129. YM Tech Basic Information, EV Relay Manufacturing Base, Sales Area and Its Competitors
    Table 130. YM Tech EV Relay Product Portfolios and Specifications
    Table 131. YM Tech EV Relay Sales (K Units), Revenue ($ Million), Price (US$/Unit) and Gross Margin (2018-2023)
    Table 132. YM Tech Main Business
    Table 133. YM Tech Latest Developments
List of Figures
    Figure 1. Picture of EV Relay
    Figure 2. EV Relay Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global EV Relay Sales Growth Rate 2018-2029 (K Units)
    Figure 7. Global EV Relay Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. EV Relay Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Main Relay
    Figure 10. Product Picture of Quick Charge Relay
    Figure 11. Product Picture of Others
    Figure 12. Global EV Relay Sales Market Share by Type in 2022
    Figure 13. Global EV Relay Revenue Market Share by Type (2018-2023)
    Figure 14. EV Relay Consumed in BEV
    Figure 15. Global EV Relay Market: BEV (2018-2023) & (K Units)
    Figure 16. EV Relay Consumed in PHEV
    Figure 17. Global EV Relay Market: PHEV (2018-2023) & (K Units)
    Figure 18. Global EV Relay Sales Market Share by Application (2022)
    Figure 19. Global EV Relay Revenue Market Share by Application in 2022
    Figure 20. EV Relay Sales Market by Company in 2022 (K Units)
    Figure 21. Global EV Relay Sales Market Share by Company in 2022
    Figure 22. EV Relay Revenue Market by Company in 2022 ($ Million)
    Figure 23. Global EV Relay Revenue Market Share by Company in 2022
    Figure 24. Global EV Relay Sales Market Share by Geographic Region (2018-2023)
    Figure 25. Global EV Relay Revenue Market Share by Geographic Region in 2022
    Figure 26. Americas EV Relay Sales 2018-2023 (K Units)
    Figure 27. Americas EV Relay Revenue 2018-2023 ($ Millions)
    Figure 28. APAC EV Relay Sales 2018-2023 (K Units)
    Figure 29. APAC EV Relay Revenue 2018-2023 ($ Millions)
    Figure 30. Europe EV Relay Sales 2018-2023 (K Units)
    Figure 31. Europe EV Relay Revenue 2018-2023 ($ Millions)
    Figure 32. Middle East & Africa EV Relay Sales 2018-2023 (K Units)
    Figure 33. Middle East & Africa EV Relay Revenue 2018-2023 ($ Millions)
    Figure 34. Americas EV Relay Sales Market Share by Country in 2022
    Figure 35. Americas EV Relay Revenue Market Share by Country in 2022
    Figure 36. Americas EV Relay Sales Market Share by Type (2018-2023)
    Figure 37. Americas EV Relay Sales Market Share by Application (2018-2023)
    Figure 38. United States EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 39. Canada EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 40. Mexico EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 41. Brazil EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 42. APAC EV Relay Sales Market Share by Region in 2022
    Figure 43. APAC EV Relay Revenue Market Share by Regions in 2022
    Figure 44. APAC EV Relay Sales Market Share by Type (2018-2023)
    Figure 45. APAC EV Relay Sales Market Share by Application (2018-2023)
    Figure 46. China EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 47. Japan EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 48. South Korea EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 49. Southeast Asia EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 50. India EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 51. Australia EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 52. China Taiwan EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 53. Europe EV Relay Sales Market Share by Country in 2022
    Figure 54. Europe EV Relay Revenue Market Share by Country in 2022
    Figure 55. Europe EV Relay Sales Market Share by Type (2018-2023)
    Figure 56. Europe EV Relay Sales Market Share by Application (2018-2023)
    Figure 57. Germany EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 58. France EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 59. UK EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 60. Italy EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 61. Russia EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 62. Middle East & Africa EV Relay Sales Market Share by Country in 2022
    Figure 63. Middle East & Africa EV Relay Revenue Market Share by Country in 2022
    Figure 64. Middle East & Africa EV Relay Sales Market Share by Type (2018-2023)
    Figure 65. Middle East & Africa EV Relay Sales Market Share by Application (2018-2023)
    Figure 66. Egypt EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 67. South Africa EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 68. Israel EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 69. Turkey EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 70. GCC Country EV Relay Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Manufacturing Cost Structure Analysis of EV Relay in 2022
    Figure 72. Manufacturing Process Analysis of EV Relay
    Figure 73. Industry Chain Structure of EV Relay
    Figure 74. Channels of Distribution
    Figure 75. Global EV Relay Sales Market Forecast by Region (2024-2029)
    Figure 76. Global EV Relay Revenue Market Share Forecast by Region (2024-2029)
    Figure 77. Global EV Relay Sales Market Share Forecast by Type (2024-2029)
    Figure 78. Global EV Relay Revenue Market Share Forecast by Type (2024-2029)
    Figure 79. Global EV Relay Sales Market Share Forecast by Application (2024-2029)
    Figure 80. Global EV Relay Revenue Market Share Forecast by Application (2024-2029)

Panasonic
Xiamen Hongfa Electroacoustic
Denso
TE Connectivity
Omron
BYD
Shanghai SCII
Song Chuan Precision
Sanyou Relays
Shenzhen Busbar
YM Tech

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape