Relay Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Relay Market is Segmented by Product Type (Electromechanical, Solid State), by End-User Application (Aerospace, Defense and Military, Automotive, Communications, Energy and Power, Industrial), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Relay Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Relay Market Size

Global Relay Market (2025 - 2030)
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 4.60 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Relay Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Global Relay Market with other markets in Technology, Media and Telecom Industry

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Relay Market Analysis

The Global Relay Market is expected to register a CAGR of 4.60% during the forecast period.

  • The rise in power consumption, growing adoption of electric vehicles, implementation of smart power grids, and increasing adoption of vehicular safety technology are some major factors expected to drive the relay market. However, volatility in raw material prices is one of the major factors that may hamper the growth of the relay market during the forecast period.
  • Developing and developed countries worldwide are significantly investing in the construction of smart power grids, which is anticipated to propel the market for relays in the future. For instance, in July 2021, GridWise Alliance announced a USD 5 billion funding to revamp the US's transmission and distribution infrastructure with smart sensors, controls, and storage.
  • Smart grids are advanced electric power grid infrastructures for enhanced reliability and efficiency and work with automated control, modern communications infrastructure, high-power converters, modern energy management techniques, and sensing and metering technologies.
  • The demand for relays in an automated power grid is huge as they can support monitoring transformers and protect from transformer overload, overexcitation, and through-fault, as well as standard protection functions including overcurrent, differential, and earth faults.
  • The emergence of COVID-19 adversely impacted the global relay market. The massive downturn in the industries that have been major end-users of the different types of relays impacted the decline in the relay market at a global level. Also, the pandemic brought key projects in the renewable resources sector to a standstill due to the lockdowns imposed in many countries to control the spread of the disease in 2020 and early 2021.
  • Although, the industries across various parts of the world are opening back, easing the supply chain constraints. However, the disruptions caused by the pandemic are expected to have their impact felt at least for a short period.

Relay Industry Overview

The Global Relay Market is moderately competitive and consists of several major players such as TE Connectivity, American Zettler, Churod Electronics, Omron, Panasonic, etc. In terms of market share, few major players currently dominate the market. However, with innovations and technological advancements, many companies are increasing their market presence through organic and inorganic growth strategies and tapping new markets. Some of the recent developments in the market are:

  • In December 2021, TE Connectivity acquired narrow safety relay (NSR) technology from Phoenix Contact. TE Connectivity will be involved in manufacturing and marketing NSR relays through this technology acquisition.
  • In November 2021, Pickering Electronics Ltd. presented high voltage reed relays comprising the newly released Series 100HV at Productronica 2021. Pickering's reed relays can stand off from 1kVto 15kV and facilitate switching from 500V to 12.5kV at up to 50W. The relays are best suitable for mixed-signal semiconductor testers, backplane testers, high-end cable testers, electric vehicles, medical electronics, big physics, solar energy, in-circuit test equipment, and high voltage instrumentation.

Relay Market Leaders

  1. TE Connectivity

  2. American Zettler

  3. Churod Electronics

  4. Omron

  5. Panasonic

  6. *Disclaimer: Major Players sorted in no particular order
Relay Market Concentration
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Relay Market News

  • March 2022: OMRON launched a Compact Non-leaded MOSFET Relay. This new MOSFET relay combines a high ambient operating temperature range and high current rating (200V 0.35A) in a small-sized surface mount format, making it an ideal choice for test and measurement equipment.
  • May 2021: Panasonic introduced the NEW Photovoltaic MOSFET High Power Type PhotoMOS Relays product line. This new product line is available in a small package size (SSOP) with a higher short circuit current and drop-out voltage to MOSFET's gate. Capable of driving high Vgs MOSFET like SiC MOSFETs, this Driver has the capability of high switching capacities at high switching speeds.

Global Relay Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview (Current Scenario of Relay, Benefits of a Relay and KPI Analysis)
  • 4.2 Technological Trends/Advancements
  • 4.3 Impact of COVID-19 on the Market
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Consumers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of Substitute
    • 4.4.4 Threat of New Entrants
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Pricing Analysis

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Rising Investments in Renewable Energy Sources
    • 5.1.2 Increasing Demand for Relays in Electric and Hybrid Vehicles
  • 5.2 Market Challenges
    • 5.2.1 Volatility in Raw Material Prices

6. MARKET SEGMENTATION

  • 6.1 By Product Type
    • 6.1.1 Electromechanical
    • 6.1.2 Solid State
  • 6.2 By End-user Application
    • 6.2.1 Aerospace, Defense and Military
    • 6.2.2 Automotive
    • 6.2.3 Communications
    • 6.2.4 Energy and Power
    • 6.2.5 Industrial
    • 6.2.6 Other End-user Applications
  • 6.3 By Geography***
    • 6.3.1 North America
    • 6.3.1.1 United States
    • 6.3.1.2 Canada
    • 6.3.2 Europe
    • 6.3.2.1 Germany
    • 6.3.2.2 United Kingdom
    • 6.3.2.3 France
    • 6.3.3 Asia
    • 6.3.3.1 China
    • 6.3.3.2 India
    • 6.3.3.3 Japan
    • 6.3.3.4 South Korea
    • 6.3.4 Australia and New Zealand
    • 6.3.5 Latin America
    • 6.3.6 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 American Zettler
    • 7.1.2 Churod Electronics
    • 7.1.3 Omron Corporation
    • 7.1.4 Panasonic Corporation
    • 7.1.5 Circuit Interruption Technology, Inc.
    • 7.1.6 Fujitsu Limited
    • 7.1.7 Song Chuan Group Company
    • 7.1.8 KEMET Corporation
    • 7.1.9 Phoenix Contact
    • 7.1.10 TE Connectivity
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITES AND FUTURE TRENDS

**Subject to Availability
*** In the Final Report Asia, Australia and New Zealand will be Studied Together as 'Asia Pacific'
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Relay Industry Segmentation

A relay acts as a switch and is used to switch connections between different circuits. Electrical relays are generally utilized for switching radio frequencies, signals, high current circuits when utilizing a lower current circuit, and loads such as a motor, resistive, inductive, lamp, and capacitive applications. The relays are helpful when an existing circuit or in-line switch cannot manage the needed current. Among product types, electromechanical and solid state relays are the two major types of relays that have been considered in the scope of this market report.

The end-user applications considered part of the study include aerospace, defense, military, automotive, communications, energy and power, industrial, and others in various geographies. Also, the study includes the impact of COVID-19 on the market.

Relay Market is segmented by product type (electromechanical, solid state), by end-user application (aerospace, defense and military, automotive, communications, energy and power, industrial), and geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.

By Product Type Electromechanical
Solid State
By End-user Application Aerospace, Defense and Military
Automotive
Communications
Energy and Power
Industrial
Other End-user Applications
By Geography*** North America United States
Canada
Europe Germany
United Kingdom
France
Asia China
India
Japan
South Korea
Australia and New Zealand
Latin America
Middle East and Africa
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Global Relay Market Research Faqs

What is the current Global Relay Market size?

The Global Relay Market is projected to register a CAGR of 4.60% during the forecast period (2025-2030)

Who are the key players in Global Relay Market?

TE Connectivity, American Zettler, Churod Electronics, Omron and Panasonic are the major companies operating in the Global Relay Market.

Which is the fastest growing region in Global Relay Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Global Relay Market?

In 2025, the Asia-Pacific accounts for the largest market share in Global Relay Market.

What years does this Global Relay Market cover?

The report covers the Global Relay Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Relay Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.