HVAC relay market

1
HVAC relay market is expected to reach US XX Mn
by 2026 with a CAGR of XX in the forecasting
period 2018-2026. HVAC relay is a major component
of the HVAC control system. HVAC relays are used
to control, and open or close contacts that are
attached to the motor. Relays are a type of an
electrical circuit or switch that control the
opening or closing of a different electrical
circuit either electronically or
electromagnetically. The relay can be described
as a type of switch that is usually
electromagnetically or electronically controlled
to close or open contacts in a different
electronic circuit. Relays help control a large
voltage circuit with the low power signal.
HVAC relay is described as a switch that is
generally used to control the operation of small
capacity compressors, fan motors of condensers,
evaporators, and cooling tower motors. Increase
in demand for HVAC systems in the automotive
industry for automotive climate control is
expected to drive the demand for HVAC relay, as
the demand for automobiles is increasing across
the globe. The rise in construction of
non-residential buildings and growth in
investments in the sector are also driving the
HVAC relay market. High initial setup costs of
HVAC systems are likely to hamper the market in
the near future. HVAC Relay Market report
evaluates the growth rate and market value based
on market dynamics, growth-inducing factors.HVAC
relay market The HVAC relay market is segmented
by product, application, and region. In terms of
product, the Electromagnetic relay is the
dominant segment with more than 40 share in
terms of value in 2017. However, the hybrid relay
is likely to be the fastest growing segment
during the forecast period. In terms of
application, the market can be divided into
automotive, residential, commercial, and
industrial. These segments have been analyzed
based on present and future trends. This trend
is expected to continue during the forecast
period. Residential segment is the major
application segment of the HVAC relay market.
Demand for passenger vehicles and commercial
vehicles has been rising across the globe. In
terms of region, Asia Pacific is anticipated to
dominate the market during the forecast period.
This can be ascribed to the rise in demand for
HVAC systems in application segments in the
region, as Asia Pacific is also a global leader
in the HVAC industry. The market in the Asia
Pacific is expected to expand at a faster pace
than that in other regions during the forecast
period.
2

• The key players in HVAC relay market include TE
  Connectivity Limited, Control Switchgear
  Electric Limited, Eaton Corporation, Siemens AG,
  General Electric, ABB Ltd., Littlefuse Inc.,
  Hitachi Ltd., Mitsubishi Electric Corporation,
  Rockwell Automation, Inc., Toshiba Corporation,
  and Schneider Electric.
• Market Scope of the HVAC relay Market
• HVAC relay Market By Product
• Electromagnetic Relay
• Solid State Relay
• Thermal Relay
• Hybrid Relay
• HVAC relay Market By Application
• Automotive
• Residential
• Commercial
• Industrial
• HVAC relay Market By Geography

3

• Eaton Corporation
• Siemens AG
• General Electric
• ABB Ltd.
• Littlefuse Inc.
• Hitachi Ltd.
• Mitsubishi Electric Corporation
• Rockwell Automation, Inc.
• Toshiba Corporation
• Schneider Electric
• Eaton Corporation Plc.
• OMRON Corporation
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