The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

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.

Request a Free Sample Report to explore growth opportunities in the electric vehicle relays market.

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
  • Siemens AG
  • TE Connectivity Ltd.

Subscribe to our "Lite Plan" billed annually at USD 3000 to view 3 reports monthly and download 3 reports annually.

Related Reports:

  • Electric Vehicle Charging Infrastructure Market: The electric vehicle charging infrastructure market has been segmented by type (AC and DC) and geography (APAC, Europe, North America, MEA, and South America). Download Free Sample Report
  • Electric Vehicle Battery Thermal Management System (EV BTMS) Market: The electric vehicle battery thermal management system (EV BTMS) market has been segmented by battery type (Li-ion, lead-acid, and others) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report

Electric Vehicle Relays Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 31.43%

Market growth 2021-2025

USD 21.42 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

China, US, Japan, Norway, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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.

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

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.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]

SOURCE Technavio

Related Links