Europe Relay Market Size, Share & Trends Analysis Report By Mounting Type (PCB Mount, Plug In, Din Rail Mount, and Panel Mount), By Type, By End User. By Country and Growth Forecast, 2023 - 2030
The Europe Relay Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 11063.1 thousand units, showcasing a growth of 8.9% (2019-2022).
Characterized by their mounting type, plug-in relays provide a seamless integration process into various systems and applications. Their modular design allows for quick and straightforward assembly, reducing downtime and enhancing productivity. With options ranging from PCB mounting to socket mounting, plug-in relays cater to diverse industrial needs, offering compatibility with different circuit configurations. Therefore, the France market utilized 735.26 thousand units of plug-in relays in 2022.
The Germany market dominated the Europe Relay Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $582.8 million by 2030. The UK market is exhibiting a CAGR of 5.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 7.1% during (2023 - 2030).
The railway industry relies on relays for signaling and control in both train and trackside applications. Relays are integral to ensuring railway systems' safe and efficient operation, contributing to the overall reliability and safety of train transportation. In the context of railway systems, signaling and control are fundamental for the safe movement of trains. Relays are integral to the implementation of signaling systems, which act as switches to control the flow of electrical currents. They facilitate communication between various components in the signaling infrastructure, allowing for the precise control of track switches, signals, and other vital elements.
Moreover, the increasing need for increasingly diminutive electronic devices has prompted a development in relay design known as miniaturization. Micro-relays, with reduced footprints and lower power consumption, are gaining prominence in applications where space constraints are critical. This trend aligns with the broader industry push towards miniaturization in electronics. In addition, traditional electromechanical relays are facing competition from digital relays that offer enhanced programmability and flexibility.
The EU has been actively promoting the integration of renewable energy sources, such as wind, solar, and hydropower, into the energy mix. Relays are essential components in these renewable energy installations' control and protection systems. They help manage the flow of electricity, protect equipment from faults, and ensure efficient operation. Hence, the rising automotive and renewable energy sectors in Europe will assist the growth of the regional relay market.
Based on Mounting Type, the market is segmented into PCB Mount, Plug In, Din Rail Mount, and Panel Mount. Based on Type, the market is segmented into Time Relay, Protection Relay, Monitor & Control Relay, General Purpose Relays, and Others. Based on End User, the market is segmented into Power Generation & Distribution, Industrial Automation, Communication & Technology, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Fujitsu Limited
- ABB Ltd.
- Broadcom, Inc.
- Eaton Corporation PLC
- Schneider Electric SE
- Siemens AG
- TE Connectivity Ltd.
- General Electric Company
- Rockwell Automation, Inc.
- Omron Corporation
By Mounting Type (Volume, Thousand Units, USD Billion, 2019-2030)
- PCB Mount
- Plug In
- Din Rail Mount
- Panel Mount
- Time Relay
- Protection Relay
- Monitor & Control Relay
- General Purpose Relays
- Others
- Power Generation & Distribution
- Industrial Automation
- Communication & Technology
- Automotive
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Relay Market, by Mounting Type
- 1.4.2 Europe Relay Market, by Type
- 1.4.3 Europe Relay Market, by End User
- 1.4.4 Europe Relay Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Product Launches and Product Expansions
- 4.2.2 Acquisition and Mergers
- 4.2.3 Geographical Expansions & Business Expansions
- 4.3 Market Share Analysis, 2022
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Dec – 2023, Aug) Leading Players
- 4.5 Porter’s Five Forces Analysis
- Chapter 5. Europe Relay Market by Mounting Type
- 5.1 Europe PCB Mount Market by Country
- 5.2 Europe Plug In Market by Country
- 5.3 Europe Din Rail Mount Market by Country
- 5.4 Europe Panel Mount Market by Country
- Chapter 6. Europe Relay Market by Type
- 6.1 Europe Time Relay Market by Country
- 6.2 Europe Protection Relay Market by Country
- 6.3 Europe Monitor & Control Relay Market by Country
- 6.4 Europe General Purpose Relays Market by Country
- 6.5 Europe Others Market by Country
- Chapter 7. Europe Relay Market by End User
- 7.1 Europe Power Generation & Distribution Market by Country
- 7.2 Europe Industrial Automation Market by Country
- 7.3 Europe Communication & Technology Market by Country
- 7.4 Europe Automotive Market by Country
- 7.5 Europe Others Market by Country
- Chapter 8. Europe Relay Market by Country
- 8.1 Germany Relay Market
- 8.1.1 Germany Relay Market by Mounting Type
- 8.1.2 Germany Relay Market by Type
- 8.1.3 Germany Relay Market by End User
- 8.2 UK Relay Market
- 8.2.1 UK Relay Market by Mounting Type
- 8.2.2 UK Relay Market by Type
- 8.2.3 UK Relay Market by End User
- 8.3 France Relay Market
- 8.3.1 France Relay Market by Mounting Type
- 8.3.2 France Relay Market by Type
- 8.3.3 France Relay Market by End User
- 8.4 Russia Relay Market
- 8.4.1 Russia Relay Market by Mounting Type
- 8.4.2 Russia Relay Market by Type
- 8.4.3 Russia Relay Market by End User
- 8.5 Spain Relay Market
- 8.5.1 Spain Relay Market by Mounting Type
- 8.5.2 Spain Relay Market by Type
- 8.5.3 Spain Relay Market by End User
- 8.6 Italy Relay Market
- 8.6.1 Italy Relay Market by Mounting Type
- 8.6.2 Italy Relay Market by Type
- 8.6.3 Italy Relay Market by End User
- 8.7 Rest of Europe Relay Market
- 8.7.1 Rest of Europe Relay Market by Mounting Type
- 8.7.2 Rest of Europe Relay Market by Type
- 8.7.3 Rest of Europe Relay Market by End User
- Chapter 9. Company Profiles
- 9.1 Fujitsu Limited
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Product Launches and Product Expansions:
- 9.1.6 SWOT Analysis
- 9.2 ABB Ltd.
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Acquisition and Mergers:
- 9.2.5.2 Geographical Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Broadcom, Inc.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 SWOT Analysis
- 9.4 Eaton Corporation PLC
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Schneider Electric SE
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Geographical Expansions & Business Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Siemens AG
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expense
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Product Launches and Product Expansions:
- 9.6.6 SWOT Analysis
- 9.7 TE Connectivity Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 General Electric Company
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis
- 9.9 Rockwell Automation, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. Omron Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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