HVAC Relay Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

May 2018| TMR624A| Transparency

Report Highlights

HVAC Relay Market - Overview

Relays are a type of an electrical circuit or switch that control the opening or closing of a different electrical circuit either electronically or electromagnetically. HVAC relay is a major component of HVAC control system. It is used to control the operation of a HVAC system. HVAC relay is described as a switch that is generally used to control the operation of small capacity compressors, fan motors of condensers, evaporators, and cooling tower motors. It is used to switch on or off an HVAC equipment. In general, HVAC relays control large voltage equipment with low power control signal, which actuates or stops the relay as per design or arrangement of the relay circuit.

Increase in demand for HVAC systems in the automotive industry for automotive climate control is expected to drive the demand for HVAC relay, as the demand for automobiles is increasing across the globe. Rise in construction of non-residential buildings and growth in investments in the sector are also driving the HVAC relay market. Implementation of stricter government regulations and policies regarding energy efficiency and savings is expected to shift the focus toward ‘green buildings’ and smarter HVAC systems. This, in turn, is anticipated to boost the market for HVAC relay. However, high initial setup costs of HVAC systems are likely to hamper the market in the near future.

This report analyzes and forecasts the market for HVAC relay at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global HVAC relay market. It also covers impact of these drivers and restraints on demand for HVAC relay during the forecast period. The report also highlights opportunities in the HVAC relay market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global HVAC relay market. Porter’s Five Forces model for the HVAC relay market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, where in type and application are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global HVAC relay market by segmenting it in terms of type and application. In terms of type, the HVAC relay market can be classified into electromagnetic relay, solid state relay, thermal relay, hybrid relay, and others. In terms of application, the market can be divided into automotive, residential, commercial, and industrial. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for HVAC relay in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of HVAC relay for 2017 and estimated market size for 2018 with forecast for the next eight years. The global market for HVAC relay has been provided in terms of revenue. Market revenue has been defined in US$ Mn. Market numbers have been estimated based on type and application of HVAC relay. Market size has been provided in terms of global, regional, and country level markets.

The report comprises profiles of major companies operating in the global HVAC relay market. Key players in the HVAC Relay market are TE Connectivity Limited, Control & Switchgear Electric Limited, Eaton Corporation, Siemens AG, General Electric, ABB Ltd., Littlefuse Inc., Hitachi Ltd., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Toshiba Corporation, and Schneider Electric. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, regional presence, and recent developments.

The global HVAC relay market has been segmented as follows:

HVAC Relay Market, by Type
Electromagnetic Relay
Solid State
Thermal Relay
Hybrid Relay
Others

HVAC Relay Market, by Application
Automotive
Industrial
Commercial
Residential

HVAC Relay Market, by Region
North America
U.S.
Canada
Europe
Germany
U.K.
Russia & CIS
France
Rest of Europe
Asia Pacific
China
India
Japan
Australia
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
South Africa
Rest of Middle East & Africa

Key Takeaways
The electromagnetic relay segment accounts for prominent share of the market due to the lower cost and simplicity of working of these relays
Increase in demand for automobiles and rise in demand for HVAC systems in residential, commercial, and industrial segments is likely to drive the HVAC relay market in the near future

In terms of application, the industrial segment is anticipated to expand at a significant pace during the forecast period
Residential segment is the major application segment of the HVAC relay market

Asia Pacific is anticipated to dominate the market during the forecast period

The market in Asia Pacific is expected to expand at a faster pace than that in other regions during the forecast period

  • Table 1 : Global HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 2 : Global HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 3 : Global HVAC Relay Market Value (US$ Mn) Forecast, by Region, 2017–2026
  • Table 4 : North America HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 5 : North America HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 6 : North America HVAC Relay Market Revenue (US$ Mn) Forecast, by Country, 2017–2026
  • Table 7 : U.S. HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 8 : U.S. HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 9 : Canada HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 10 : Canada HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 11 : Europe HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 12 : Europe HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 13 : Europe HVAC Relay Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 14 : Germany HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 15 : Germany HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 16 : Russia & CIS HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 17 : Russia & CIS HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 18 : U.K. HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 19 : U.K. HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 20 : France HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 21 : France HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 22 : Rest of Europe HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 23 : Rest of Europe HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 24 : Asia Pacific HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 25 : Asia Pacific HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 26 : Asia Pacific HVAC Relay Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 27 : China HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 28 : China HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 29 : India HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 30 : India HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 31 : Japan HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 32 : Japan HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 33 : ASEAN HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 34 : ASEAN HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 35 : Australia HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 36 : Australia HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 37 : Rest of Asia Pacific HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 38 : Rest of Asia Pacific HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 39 : Middle East & Africa HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 40 : Middle East & Africa HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 41 : Middle East & Africa HVAC Relay Market Revenue (US$ Mn) Forecast, by Country/Sub-region,2017–2026
  • Table 42 : GCC HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 43 : GCC HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 44 : South Africa HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 45 : South Africa HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 46 : Rest of Middle East & Africa HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 47 : Rest of Middle East & Africa HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 48 : Latin America HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 49 : Latin America HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 50 : Latin America HVAC Relay Market Revenue (US$ Mn) Forecast, by Country/Sub-region, 2017–2026
  • Table 51 : Brazil HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 52 : Brazil HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 53 : Mexico HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 54 : Mexico HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Table 55 : Rest of Latin America HVAC Relay Market Value (US$ Mn) Forecast, by Type, 2017–2026
  • Table 56 : Rest of Latin America HVAC Relay Market Value (US$ Mn) Forecast, by Application, 2017–2026
  • Figure 1 : Global HVAC Relay Market Size (US$ Mn) Analysis, 2017–2026
  • Figure 2 : Global HVAC Relay Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 3 : Global HVAC Relay Market Attractiveness Analysis, by Type, 2017
  • Figure 4 : Global HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 5 : Global HVAC Relay Market Attractiveness Analysis, by Application, 2017
  • Figure 6 : Global HVAC Relay Market Value Share Analysis, by Region, 2017 and 2026
  • Figure 7 : Global HVAC Relay Market Attractiveness Analysis, by Region, 2017
  • Figure 8 : North America HVAC Relay Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 9 : North America HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 10 : North America HVAC Relay Market Value Share Analysis, by Country, 2017 and 2026
  • Figure 11 : North America HVAC Relay Market Value Share Analysis, by Type, 2017
  • Figure 12 : North America HVAC Relay Market Value Share Analysis, by Application, 2017
  • Figure 13 : North America HVAC Relay Market Attractiveness Analysis, by Country, 2017
  • Figure 14 : Europe HVAC Relay Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 15 : Europe HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 16 : Europe HVAC Relay Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 17 : Europe HVAC Relay Market Value Share Analysis, by Type, 2017
  • Figure 18 : Europe HVAC Relay Market Value Share Analysis, by Application, 2017
  • Figure 19 : Europe HVAC Relay Market Attractiveness Analysis, by Country/Sub-region, 2017
  • Figure 20 : Asia Pacific HVAC Relay Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 21 : Asia Pacific HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 22 : Asia Pacific HVAC Relay Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 23 : Asia Pacific HVAC Relay Market Value Share Analysis, by Type, 2017
  • Figure 24 : Asia Pacific HVAC Relay Market Value Share Analysis, by Application, 2017
  • Figure 25 : Asia Pacific HVAC Relay Market Attractiveness Analysis, Country/Sub-region, 2017
  • Figure 26 : MEA HVAC Relay Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 27 : MEA HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 28 : Middle East & Africa HVAC Relay Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 29 : Middle East & Africa HVAC Relay Market Value Share Analysis, by Type, 2017
  • Figure 30 : Middle East & Africa HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 31 : Middle East & Africa HVAC Relay Market Attractiveness Analysis, by Country/Sub-region, 2017
  • Figure 32 : Latin America HVAC Relay Market Value Share Analysis, by Type, 2017 and 2026
  • Figure 33 : Latin America HVAC Relay Market Value Share Analysis, by Application, 2017 and 2026
  • Figure 34 : Latin America HVAC Relay Market Value Share Analysis, by Country/Sub-region, 2017 and 2026
  • Figure 35 : Latin America HVAC Relay Market Value Share Analysis, by Type, 2017
  • Figure 36 : Latin America HVAC Relay Market Value Share Analysis, by Application, 2017
  • Figure 37 : Latin America HVAC Relay Market Attractiveness Analysis, by Country/Sub-region, 2017
  • Figure 38 : Global HVAC Relay Market Share Analysis, by Company (2017)
  • Figure 39 : Market Footprint Analysis, by Region
  • Figure 40 : General Electric Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 41 : TE Connectivity Limited Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 42 : Eaton Corporation Plc Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 43 : Siemens AG Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 44 : ABB Limited Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 45 : Littlefuse Inc. Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 46 : Mitsubishi Electric Corporation Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 47 : Rockwell Automation Inc. Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 48 : Toshiba Corporation Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 49 : Hitachi Limited Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2012–2016
  • Figure 50 : Schneider Electric SE Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2013–2017
  • Figure 51 : OMRON Corporation Group Revenue (US$ Bn) and Y-o-Y Growth (%), 2012–2016

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