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

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

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