Global HVAC Relay Market Analysis 2020

The HVAC Relay market is expected to reach $2,038.12 million by 2026 growing at a CAGR of 6.0% during 2019 to 2026. 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. HVAC relay is a major component of the HVAC control system. 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. The relay can be described as a type of switch that is usually electromagnetically or electronically controlled to close or open contacts in a different electronic circuit. Relays help control a large voltage circuit with the low power signal. Factors such as the rise in construction of non-residential buildings and growth in investments in the sector are driving the market growth. However, high initial setup costs of HVAC systems are restraining the market. Based on application, the industrial segment is going to have a lucrative growth during the forecast period owing to the expansion in the industrial sector, especially in developing and under-developed countries. This, in turn, is anticipated to drive the demand for HVAC systems and HVAC relays in the application segment. The key vendors mentioned are ABB, Celduc Realis, Control Switchgear Electric, Eaton, General Electric, Hitachi, Littlefuse, Mitsubishi Electric, Omega Engineering, OMRON Corporation, Rockwell Automation, Schneider Electric, Siemens, TE Connectivity, and Toshiba Corporation. Types Covered: • Solid State • Thermal Relay • Electromagnetic Relay • Hybrid Relay Applications Covered: • Automotive • Commercial • Industrial • Residential Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period

1 Market Synopsis

2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources

3 Market Dynamics
3.1 Drivers
3.2 Restraints

4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global HVAC Relay Market, By Type
5.1 Introduction
5.2 Solid State
5.3 Thermal Relay
5.4 Electromagnetic Relay
5.5 Hybrid Relay

6 Global HVAC Relay Market, By Application
6.1 Introduction
6.2 Automotive
6.3 Commercial
6.4 Industrial
6.5 Residential

7 Global HVAC Relay Market, By Geography
7.1 Introduction
7.2 North America
7.3 Europe
7.4 Asia Pacific
7.5 South America
7.6 Middle East & Africa

8 Strategic Benchmarking

9 Vendors Landscape
9.1 ABB
9.2 Celduc Realis
9.3 Control Switchgear Electric
9.4 Eaton
9.5 General Electric
9.6 Hitachi
9.7 Littlefuse
9.8 Mitsubishi Electric
9.9 Omega Engineering
9.10 OMRON Corporation
9.11 Rockwell Automation
9.12 Schneider Electric
9.13 Siemens
9.14 TE Connectivity
9.15 Toshiba Corporation

List of Data Tables
1 Global HVAC Relay Market Outlook, By Region (2018-2026) ($MN)
2 Global HVAC Relay Market Outlook, By Type (2018-2026) ($MN)
3 Global HVAC Relay Market Outlook, By Solid State (2018-2026) ($MN)
4 Global HVAC Relay Market Outlook, By Thermal Relay (2018-2026) ($MN)
5 Global HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2026) ($MN)
6 Global HVAC Relay Market Outlook, By Hybrid Relay (2018-2026) ($MN)
7 Global HVAC Relay Market Outlook, By Application (2018-2026) ($MN)
8 Global HVAC Relay Market Outlook, By Automotive (2018-2026) ($MN)
9 Global HVAC Relay Market Outlook, By Commercial (2018-2026) ($MN)
10 Global HVAC Relay Market Outlook, By Industrial (2018-2026) ($MN)
11 Global HVAC Relay Market Outlook, By Residential (2018-2026) ($MN)
12 North America HVAC Relay Market Outlook, By Type (2018-2026) ($MN)
13 North America HVAC Relay Market Outlook, By Application (2018-2026) ($MN)
14 Europe HVAC Relay Market Outlook, By Type (2018-2026) ($MN)
15 Europe HVAC Relay Market Outlook, By Application (2018-2026) ($MN)
16 Asia Pacific HVAC Relay Market Outlook, By Type (2018-2026) ($MN)
17 Asia Pacific HVAC Relay Market Outlook, By Application (2018-2026) ($MN)
18 South America HVAC Relay Market Outlook, By Type (2018-2026) ($MN)
19 South America HVAC Relay Market Outlook, By Application (2018-2026) ($MN)
20 Middle East & Africa HVAC Relay Market Outlook, By Type (2018-2026) ($MN)
21 Middle East & Africa HVAC Relay Market Outlook, By Application (2018-2026) ($MN)