Europe Relay Market Report and Forecast 2024-2032

Europe Relay Market Outlook

The Europe relay market size is projected to grow at a CAGR of 5.2% between 2024 and 2032, The market is being aided by the increasing automation of relay testing processes, which is contributing to improvements in the quality and volume of relay production.

Key Takeaways

• Solid state relays are expected to constitute a major portion of the Europe relay market share.

• The automotive sector is expected to remain a major end-user of relays in Europe.

• Germany is expected to witness a significant surge in the demand for relays.

The increasing importance of relay testing for ensuring compliance with industrial standards and checking performance efficiency is prompting major market players to make substantial investments in the establishment of relay testing laboratories. These labs have high voltage testing stations, advanced cameras, temperature simulators, and leakage testers which detect (potential) faults within relays and eliminate them.

Different customers can approach these labs to gain an in-depth understanding of why their unique relays fail and receive recommendations for improving relay design and production processes. This is expected to propel the Europe relay market expansion over the forecast period.

The  automotive industry is expected to remain a major end-user of relays. This is because of increasing product innovations and the rising adoption of zero-emission electric vehicles in major European cities. The introduction of advanced automotive relays, which have undergone rigorous short circuit testing and provide a high level of safety to electric vehicle charging equipment, is expected to have a favourable influence on the demand for relays, thereby driving the Europe relay market growth over the forecast period.

The increasing demand for electricity in Europe is expected to lead to the expansion of the energy and power sectors. As governments across the region build additional infrastructural capacity for the distribution of power, the demand for relays is anticipated to witness significant growth in the forecast period.

Market Segmentation

Europe Relay Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Electromechanical

• Thermal

• Reed

• Time

• Solid State

• Others

Market Breakup by Voltage Range

• Low

• Medium

• High

Market Breakup by End Use

• Aerospace, Defence and Military

• Automotive

• Communications

• Energy and Power

• Industrial

Market Breakup by Country

• Germany

• United Kingdom

• France

• Italy

• Others

The key Europe relay market players are Robert Bosch GmbH, Denson Corp., Panasonic Holdings Corp., Nidec Corporation, Eaton Corp. Plc, Schneider Electric SE, ABB Ltd., MTA S.p.A, Hella GmbH & Co. KGaA, Fujitsu Ltd., Zettler Group, Hongfa Technology Co. Ltd., and Song Chuan Group Company, among others.

Key Highlights of the Report