Hvac Relay Market
PUBLISHED: 2020 ID: SMRC19313
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Hvac Relay Market

Heating, Ventilation and Air Conditioning (HVAC) Relay - Global Market Outlook (2019-2027)

4.3 (84 reviews)
4.3 (84 reviews)
Published: 2020 ID: SMRC19313

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global HVAC Relay Market is accounted for $3.56 billion in 2019 and is expected to reach $7.04 billion by 2027 growing at a CAGR of 8.9% during the forecast period. Increase in demand for automobiles and growing awareness about the lower costs of HVAC systems operations are the major factors propelling the market growth. However, high-costs and complicated process of HVAC system installation are hampering the market growth.

HVAC systems play a key role in an assortment of industries such as plastics manufacturing, food processing, construction, and chemical production. End-user industries are seeking advanced HVAC systems for streamlining their production while complying with stringent government regulations on energy efficiency and greenhouse gas emissions. The increasing innovation in the HVAC systems market for the development of energy-efficient solutions is estimated to fuel HVAC relays market growth. Technological headways in the development of HVAC systems are creating ample opportunities for players operating in the HVAC relay market with demand for novel switches to be used in advanced systems surging.

Based on the application, the industrial segment is going to have a lucrative growth during the forecast period owing to the expansion in the industrial sector, especially in developing and under-developed countries. This, in turn, is anticipated to drive the demand for HVAC systems and HVAC relays in the application segment.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due 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. Furthermore, the market in the Asia Pacific is expected to expand at a significant pace during the forecast period, primarily due to the rise in demand and production of automobiles in the region along with the rise in infrastructure development and per capita disposable income in the region.

Some of the key players profiled in the HVAC Relay Market include ABB, Celduc Realis, Control Switchgear Electric, Eaton, General Electric, Hitachi, Littlefuse, Mitsubishi Electric, Omega Engineering, OMRON Corporation, Rockwell Automation, Schneider Electric, Siemens, TE Connectivity, and Toshiba Corporation.

Types Covered:
• Electromagnetic Relay
• Hybrid Relay
• Solid State
• Thermal Relay

Applications Covered:
• Automotive
• Commercial
• Industrial
• Residential

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
         
2 Preface      
  
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Application Analysis     
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global HVAC Relay Market, By Type     
 5.1 Introduction      
 5.2 Electromagnetic Relay     
 5.3 Hybrid Relay       
 5.4 Solid State      
 5.5 Thermal Relay      
         
6 Global HVAC Relay Market, By Application    
 6.1 Introduction      
 6.2 Automotive      
 6.3 Commercial      
 6.4 Industrial       
 6.5 Residential      
         
7 Global HVAC Relay Market, By Geography    
 7.1 Introduction      
 7.2 North America      
  7.2.1 US      
  7.2.2 Canada      
  7.2.3 Mexico      
 7.3 Europe       
  7.3.1 Germany      
  7.3.2 UK      
  7.3.3 Italy      
  7.3.4 France      
  7.3.5 Spain      
  7.3.6 Rest of Europe     
 7.4 Asia Pacific      
  7.4.1 Japan      
  7.4.2 China      
  7.4.3 India      
  7.4.4 Australia      
  7.4.5 New Zealand     
  7.4.6 South Korea     
  7.4.7 Rest of Asia Pacific     
 7.5 South America      
  7.5.1 Argentina     
  7.5.2 Brazil      
  7.5.3 Chile      
  7.5.4 Rest of South America    
 7.6 Middle East & Africa     
  7.6.1 Saudi Arabia     
  7.6.2 UAE      
  7.6.3 Qatar      
  7.6.4 South Africa     
  7.6.5 Rest of Middle East & Africa    
         
8 Key Developments       
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 8.2 Acquisitions & Mergers     
 8.3 New Product Launch     
 8.4 Expansions      
 8.5 Other Key Strategies     
          
9 Company Profiling    
   
 9.1 ABB       
 9.2 Celduc Realis      
 9.3 Control Switchgear Electric     
 9.4 Eaton       
 9.5 General Electric      
 9.6 Hitachi       
 9.7 Littlefuse       
 9.8 Mitsubishi Electric      
 9.9 Omega Engineering      
 9.10 OMRON Corporation     
 9.11 Rockwell Automation     
 9.12 Schneider Electric      
 9.13 Siemens       
 9.14 TE Connectivity      
 9.15 Toshiba Corporation    


List of Tables        
1 Global HVAC Relay Market Outlook, By Region (2018-2027) ($MN)  
2 Global HVAC Relay Market Outlook, By Type (2018-2027) ($MN)  
3 Global HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2027) ($MN) 
4 Global HVAC Relay Market Outlook, By Hybrid Relay (2018-2027) ($MN)   
5 Global HVAC Relay Market Outlook, By Solid State (2018-2027) ($MN)  
6 Global HVAC Relay Market Outlook, By Thermal Relay (2018-2027) ($MN) 
7 Global HVAC Relay Market Outlook, By Application (2018-2027) ($MN)  
8 Global HVAC Relay Market Outlook, By Automotive (2018-2027) ($MN)  
9 Global HVAC Relay Market Outlook, By Commercial (2018-2027) ($MN)  
10 Global HVAC Relay Market Outlook, By Industrial (2018-2027) ($MN)  
11 Global HVAC Relay Market Outlook, By Residential (2018-2027) ($MN)  
12 North America HVAC Relay Market Outlook, By Country (2018-2027) ($MN) 
13 North America HVAC Relay Market Outlook, By Type (2018-2027) ($MN)  
14 North America HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2027) ($MN)
15 North America HVAC Relay Market Outlook, By Hybrid Relay (2018-2027) ($MN) 
16 North America HVAC Relay Market Outlook, By Solid State (2018-2027) ($MN) 
17 North America HVAC Relay Market Outlook, By Thermal Relay (2018-2027) ($MN) 
18 North America HVAC Relay Market Outlook, By Application (2018-2027) ($MN) 
19 North America HVAC Relay Market Outlook, By Automotive (2018-2027) ($MN) 
20 North America HVAC Relay Market Outlook, By Commercial (2018-2027) ($MN) 
21 North America HVAC Relay Market Outlook, By Industrial (2018-2027) ($MN) 
22 North America HVAC Relay Market Outlook, By Residential (2018-2027) ($MN) 
23 Europe HVAC Relay Market Outlook, By Country (2018-2027) ($MN)  
24 Europe HVAC Relay Market Outlook, By Type (2018-2027) ($MN)  
25 Europe HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2027) ($MN) 
26 Europe HVAC Relay Market Outlook, By Hybrid Relay (2018-2027) ($MN)  
27 Europe HVAC Relay Market Outlook, By Solid State (2018-2027) ($MN)  
28 Europe HVAC Relay Market Outlook, By Thermal Relay (2018-2027) ($MN) 
29 Europe HVAC Relay Market Outlook, By Application (2018-2027) ($MN)  
30 Europe HVAC Relay Market Outlook, By Automotive (2018-2027) ($MN)  
31 Europe HVAC Relay Market Outlook, By Commercial (2018-2027) ($MN)  
32 Europe HVAC Relay Market Outlook, By Industrial (2018-2027) ($MN)  
33 Europe HVAC Relay Market Outlook, By Residential (2018-2027) ($MN)  
34 Asia Pacific HVAC Relay Market Outlook, By Country (2018-2027) ($MN)  
35 Asia Pacific HVAC Relay Market Outlook, By Type (2018-2027) ($MN)  
36 Asia Pacific HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2027) ($MN)
37 Asia Pacific HVAC Relay Market Outlook, By Hybrid Relay (2018-2027) ($MN) 
38 Asia Pacific HVAC Relay Market Outlook, By Solid State (2018-2027) ($MN) 
39 Asia Pacific HVAC Relay Market Outlook, By Thermal Relay (2018-2027) ($MN) 
40 Asia Pacific HVAC Relay Market Outlook, By Application (2018-2027) ($MN) 
41 Asia Pacific HVAC Relay Market Outlook, By Automotive (2018-2027) ($MN) 
42 Asia Pacific HVAC Relay Market Outlook, By Commercial (2018-2027) ($MN) 
43 Asia Pacific HVAC Relay Market Outlook, By Industrial (2018-2027) ($MN) 
44 Asia Pacific HVAC Relay Market Outlook, By Residential (2018-2027) ($MN) 
45 South America HVAC Relay Market Outlook, By Country (2018-2027) ($MN) 
46 South America HVAC Relay Market Outlook, By Type (2018-2027) ($MN)  
47 South America HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2027) ($MN)
48 South America HVAC Relay Market Outlook, By Hybrid Relay (2018-2027) ($MN) 
49 South America HVAC Relay Market Outlook, By Solid State (2018-2027) ($MN) 
50 South America HVAC Relay Market Outlook, By Thermal Relay (2018-2027) ($MN) 
51 South America HVAC Relay Market Outlook, By Application (2018-2027) ($MN) 
52 South America HVAC Relay Market Outlook, By Automotive (2018-2027) ($MN) 
53 South America HVAC Relay Market Outlook, By Commercial (2018-2027) ($MN) 
54 South America HVAC Relay Market Outlook, By Industrial (2018-2027) ($MN) 
55 South America HVAC Relay Market Outlook, By Residential (2018-2027) ($MN) 
56 Middle East & Africa HVAC Relay Market Outlook, By Country (2018-2027) ($MN) 
57 Middle East & Africa HVAC Relay Market Outlook, By Type (2018-2027) ($MN) 
58 Middle East & Africa HVAC Relay Market Outlook, By Electromagnetic Relay (2018-2027) ($MN)
59 Middle East & Africa HVAC Relay Market Outlook, By Hybrid Relay (2018-2027) ($MN)
60 Middle East & Africa HVAC Relay Market Outlook, By Solid State (2018-2027) ($MN) 
61 Middle East & Africa HVAC Relay Market Outlook, By Thermal Relay (2018-2027) ($MN)
62 Middle East & Africa HVAC Relay Market Outlook, By Application (2018-2027) ($MN)
63 Middle East & Africa HVAC Relay Market Outlook, By Automotive (2018-2027) ($MN)
64 Middle East & Africa HVAC Relay Market Outlook, By Commercial (2018-2027) ($MN)
65 Middle East & Africa HVAC Relay Market Outlook, By Industrial (2018-2027) ($MN) 
66 Middle East & Africa HVAC Relay Market Outlook, By Residential (2018-2027) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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