Albany, NY -- (SBWIRE) -- 09/18/2017 -- 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 global electric vehicle relays market to grow at a CAGR of 15.48% during the period 2017-2021. 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
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Technavio's report, 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 vendors
- DENSO CORPORATION
- Panasonic
- TE connectivity
Other prominent vendors
- American Zettler
- Delphi Automotive
- Fujitsu
- Mouser Electronics
- OMRON Corporation
- 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
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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?
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