Global PCB Power Relays Market Strategies and Forecast Till, 2024-2032

PCB Power Relays Market Size And Forecast

PCB Power Relays Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2023 to 2030.

Increasing demand for electronic control modules and electronic components has led to an increasing need for smaller devices that are competent for carrying greater current loads. Owing to these reasons the PCB Power Relays Market is anticipated to grow at a faster rate. The Global PCB Power Relays Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global PCB Power Relays Market Definition

PCB stands for Printed Circuit Board and these PCB power relays are compact relays devices used for power management in control system designs. These control systems require the relay to be mounted directly on the printed circuit board. PCB power relays find their uses in the application where the relay needs to be small enough to make PCB mounting practical and easy enough to manufacture with the same machinery currently used in PCB assembly lines. The PCB power relays are highly reliable, versatile, fast switching, and compact. The PCB power relays find their applications in the automotive industry such as ABS, cruise control, power steering, sunroofs, etc. In electronics and telecommunication, it is used for cellular phones, microphones, computers, copiers, speakers, etc. it finds its application in the field of Construction & safety, HVAC & refrigeration, domestic applications, and industrial automation.

Global PCB Power Relays Market Overview

The PCB power relays are available in a miniaturized size that saves considerable space in the automobile junction box. The rising demand for electronic control modules and electronic components has led to an increasing need for smaller devices that are competent in carrying greater current loads. Owing to these reasons the PCB Power Relays Market is anticipated to grow at a faster rate. Furthermore, the Asia Pacific is dominating the field of vehicle production. The PCB power relays play a crucial role in automotive industry applications such as ABS, power steering, power windows, cruise control, doors, sunroofs, etc. owing to growth in the automotive sector in the Asia Pacific region market will provide lucrative opportunities for PCB power relays to thrive in the market.

Furthermore, the growing modernization of electric vehicles is also expected to propel the growth of the global PCB Power Relays Market. However, some restraints may limit the growth of the global market. The concerns related to the standardization of relays may restrain the growth of the market. Also, the issue of short circuits and abnormal heating may prove to be challenging for manufacturers of the PCB Power Relays Market.

Global PCB Power Relays Market Segmentation Analysis

The Global PCB Power Relays Market is segmented based on Product, Application, and Geography.

PCB Power Relays Market, By Product

• Single• Bifurcated Crossbar• Double Break

Based on Product, the market is bifurcated into Single, Bifurcated Crossbar, and Double Break. The double break type PCB power relays dominate the market. The dominance can be attributed to its faster heat dissipation characteristics and increased relay life.

PCB Power Relays Market, By Application

• Home and Industrial Appliances• HVAC (Heating, Ventilating, and Air Conditioning)• Solar Inverter

Based on Application, the market is bifurcated into Home and Industrial Appliances, HVAC (Heating, Ventilating, and Air Conditioning), and Solar Inverter. The PCB power relays dominate the home and industrial appliances segment. It is equipped majorly with refrigerators, washing machines, etc. Also, in the case of industrial appliances, it is used in the control of motors, heaters, etc.

PCB Power Relays Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on Regional Analysis, the Global PCB Power Relays Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest share in the market will be dominated by North America followed by Europe. The use of PCB power relays in different applications such as home & industrial applications, HVAC, ABS, power windows, and others across the said regions are driving the growth of the PCB Power Relays Market. However, the Asia Pacific region is anticipated to witness significant growth in the PCB Power Relays Market during the forecast period owing to the growth of the automobile industry.

Key Players

The “Global PCB Power Relays Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Omron, TE Connectivity, Panasonic, Willow Technologies, Relpol, Trinity Touch, Picker Relay, Fujitsu Relays, Schneider Electric, Ocean Controls, NTE Electronics, Song Chuan, ZETTLER, Tara Relays, and Zhejiang Fanhar Electronics.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

Mergers and Acquisitions

• In March 2021, Willow Technologies Limited and its subsidiaries were purchased by Solid State plc. Willow Technologies specializes in switching, sensing, resistive devices, and hermetic seal solutions, and the company offers a diverse range of electromechanical technologies. The integration of Willow into Solid State’s value-added Supplies division addresses a number of strategic priorities while also providing opportunities for future expansion in a variety of key markets and geographic areas.

Product Launches and Product Expansions

• In October 2020, Omron Electronics has introduced G7EB PCB power relays, which are high power and high temperature relays with 480V AC current and 100A current switching capability. Omron Electronics G7EB Power Relays have an ambient temperature of 85°C and a high impulse withstand voltage of 10kV. Power conditioner inverters, industrial inverters, and uninterruptible power supply are examples of applications.

• In February 2022, Panasonic, one of the world leaders in electronic components industry, launched its new PCB relay named 40A. This relay has a special characteristic of feedback contact. According to Panasonic, it can be used as a main switching element in three phase systems. And according to Panasonic, it is the first relay of its kind in the world.

• In September 2021, Pickering Electronics, a pioneer in compact-sized and superior efficiency reed relays, revealed the Series 100HV high voltage SIL/SIP reed relays with up to 3kV stand-off voltage and more than quadruple the coil resistance of preceding devices. This is appropriate for applications such as transformer or cable testing, as well as any other automatic test equipment that requires high voltages yet minimal coil power consumption.

Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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