Electric Vehicle Relays Market to Record a CAGR of 31.43% by 2025 | Technavio
NEW YORK, Nov. 15, 2021 -- The electric vehicle relays market is set to grow by USD 21.42 bn from 2020 to 2025, progressing at a CAGR of 31.43%. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Technavio offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
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The electric vehicle relays market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The market is driven by solid-state relays to become low-cost in the long run.
The electric vehicle relays market covers the following areas:
Electric Vehicle Relays Market Sizing
Electric Vehicle Relays Market Forecast
Electric Vehicle Relays Market Analysis
Regional Analysis
Technavio's market research reports offer detailed information on the competitive intelligence, marketing gaps, and regional opportunities for vendors, which help businesses in creating efficient business plans. Based on segmentation by geography, the electric vehicle relays market has been classified into APAC, North America, Europe, South America, and MEA. According to Technavio, APAC will account for 44% of the growth of the market during the forecast period. China and Japan are the key countries in the electric vehicle relays market in APAC. Market growth in APAC will be slower than the growth of the market in regions such as North America and Europe.
Some Companies Mentioned
- 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.
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Electric Vehicle Relays Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 31.43% |
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Market growth 2021-2025 |
USD 21.42 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
30.64 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 44% |
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Key consumer countries |
China, US, Japan, Norway, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
DENSO Corp., Fujitsu Ltd., HELLA GmbH and Co. KGaA, Littelfuse Inc., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, SENSATA TECHNOLOGIES HOLDING PLC, Siemens AG, and TE Connectivity Ltd. |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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