Global Electric Vehicle Relays Market Report 2021-2025

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
• PCB
• Plug-in
• By Geographical Landscape
• APAC
• North America
• Europe
• South America
• MEA

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.