Global HVAC Relay Market Report and Forecast 2023-2028

Global HVAC Relay Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global HVAC relay market is projected to grow at a CAGR of 6.80% between 2023 and 2028. Aided by the escalating global demand for energy-efficient climate control systems and the increasing investment in infrastructural development, the market is expected to grow significantly by 2028.

HVAC relays, fundamental components in heating, ventilation, and air conditioning systems, play a pivotal role in managing the operational flow of these systems. They ensure that electrical power is distributed appropriately among the different components of the HVAC units. These relays act as the bridge between the thermostat and the primary power supply, effectively controlling the system's electrical loads and ensuring smooth and efficient functionality.

The burgeoning urbanisation and the incessant shift towards modern architectural paradigms have led to an ever-increasing demand for comprehensive climate control solutions. This, in turn, has augmented the demand for HVAC systems, subsequently pushing the HVAC relay market growth. As contemporary construction projects focus increasingly on energy efficiency and sustainability, the integration of advanced HVAC systems equipped with state-of-the-art relays becomes indispensable.

Another substantial driver for the HVAC relay market is the increasing awareness and concern regarding indoor air quality. As per the HVAC relay market analysis, as research continually points to the effects of indoor air pollutants on health, there's an elevated demand for HVAC systems capable of ensuring optimal indoor air quality. This has culminated in the development of advanced HVAC relays that can manage sophisticated air purification systems, further propelling market growth.

In the industrial sector, the need for HVAC systems is even more pronounced, especially in industries where maintaining a specific temperature and humidity level is critical. Sectors like pharmaceuticals, food processing, and electronics manufacturing extensively rely on HVAC systems, and therefore, on efficient HVAC relays, to maintain the requisite environmental conditions. This industrial demand contributes significantly to the expansion of the HVAC relay market.

Innovation in relay technology is also a major factor bolstering the HVAC relay market demand. The advent of smart relays that can communicate with other smart devices and adapt to changing environmental conditions is a game-changer. These relays can make real-time decisions to optimise energy consumption, making HVAC systems more sustainable and cost-effective.

Moreover, the drive towards creating smart homes and integrated building management systems is pushing the boundaries of HVAC relay technology. Modern buildings, both residential and commercial, aim to incorporate IoT-enabled HVAC systems, which necessitate advanced relays capable of seamless integration with other smart systems. This trend underscores the importance and growth potential of the HVAC relay market.

Market Segmentation

The market can be divided based on source, application, and region.

Market Breakup by Source
  • Solid State Relay
  • Electromagnetic Relay
  • Thermal Relay
  • Hybrid Relay
Market Breakup by Application
  • Residential
  • Automotive
  • Commercial
  • Industrial
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global HVAC relay market. Some of the major players explored in the report by Expert Market Research are as follows:
  • TE Connectivity Corporation
  • Eaton Corporation
  • ABB Ltd.
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global HVAC Relay Market Analysis
8.1 Key Industry Highlights
8.2 Global HVAC Relay Historical Market (2018-2022)
8.3 Global HVAC Relay Market Forecast (2023-2028)
8.4 Global HVAC Relay Market by Source
8.4.1 Solid State Relay
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Electromagnetic Relay
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Thermal Relay
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Hybrid Relay
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global HVAC Relay Market by Application
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Automotive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Commercial
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Industrial
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.6 Global HVAC Relay Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 TE Connectivity Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Eaton Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 ABB Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hitachi, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsubishi Electric Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global HVAC Relay Market: Key Industry Highlights, 2017 and 2021
2. Global HVAC Relay Historical Market: Breakup by Source (USD Million), 2018-2022
3. Global HVAC Relay Market Forecast: Breakup by Source (USD Million), 2023-2028
4. Global HVAC Relay Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global HVAC Relay Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global HVAC Relay Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global HVAC Relay Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America HVAC Relay Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe HVAC Relay Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific HVAC Relay Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America HVAC Relay Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa HVAC Relay Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa HVAC Relay Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global HVAC Relay Market Structure

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