The "Global Electric Vehicle Relays Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The global electric vehicle (EVs) relays market is poised to grow by $21.42 billion during 2021-2025, progressing at a CAGR of over 31% during the forecast period.
This report on the EV relays market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.
The market is driven by solid-state relays to become low-cost in the long run and increase in electronics and safety requirements in EVs. The study identifies the increasing adoption of battery EVs and plug-in hybrid EVs as one of the prime reasons driving the EV relays market growth during the next few years.
The market is segmented as below:
- By Relay Terminal
- By Geographical Landscape
- North America
- South America
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading EV relays market vendors that include:
- DENSO Corp.
- Fujitsu Ltd.
- HELLA GmbH and Co. KGaA
- Littelfuse Inc.
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Sensata Technologies Holding PLC
- Siemens AG
- TE Connectivity Ltd.
Also, the EV relays market analysis report includes upcoming trends and challenges that will influence market growth.