report published by Infinium Global Research on the HVAC relay market provides an in-depth analysis of segments and sub-segments in the global as well as
regional HVAC relay market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional HVAC relay market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global HVAC relay market.
According to the report, the global HVAC relay market is projected to grow at a
CAGR of 7.1% over the forecast period of 2019-2025.
systems play a key role in a variety of industries such as plastics
manufacturing, food processing, construction, and chemical production. End-user
industries are looking for innovative HVAC systems for streamlining their
production while complying with strict government regulations on energy
efficiency and greenhouse gas emissions. The enhancing innovation in the HVAC
systems market for the development of energy efficient solutions is expected to
fuel HVAC relays market growth. Technological advances in the development of
HVAC systems are generating productive opportunities for players operating in
the HVAC relay market with demand for novel switches to be used in advanced
systems surging. HVAC relays are used to control and open or close contacts
that are attached to the motor. The relay can be termed as a type of switch
that is generally electronically controlled to close or open contacts in a
different electronic circuit.
demand for HVAC systems in the automotive industry for automotive climate
control is the primary growth factor of the market. Furthermore, factors
such as increasing construction of non-residential buildings and growth in
investments in the sector are driving the growth of the HVAC relay market. The
increasing awareness about the lower costs of HVAC systems operations in
addition to the improving efficacy of the products is also driving the market
growth. Additionally, the renovation and development of infrastructure around the
world are expected to fuel demand for HVAC systems across the world. However,
the high initial setup costs of HVAC systems restrains the growth of the
market. Moreover, the technological advances in the development of HVAC systems
are expected to provide growth opportunities to the market players.
Asia Pacific is dominating the HVAC relay market due to the rising demand for
HVAC systems in application segments in the region. The Asia Pacific region is
a global leader in the HVAC industry. The market in the Asia Pacific is
projected to expand faster than that in other regions during the forecast
The report on
global HVAC relay market covers segments such as type, and applications. On the
basis of type, the sub-markets include electromagnetic relay, solid state,
thermal relay, hybrid relay, and other types. On the basis of applications, the
sub-markets include automotive, industrial, commercial, and residential.
provides profiles of the companies in the market such as Eaton Corporation
Inc., Siemens AG, TE Connectivity Limited, C&S Electric Limited, General
Electric, ABB, Littlefuse, Inc., Hitachi, Ltd., Mitsubishi Electric
Corporation, Rockwell Automation, Inc., and other companies.
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of the HVAC relay market. Moreover, the study
highlights current market trends and provides forecast from 2019-2025. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.