For detailed cases, please contact the consultant.
400-969-2866
2024-07-18 08:26:17 Source: Champ Consulting Visits:0
Relay is a basic electronic component used to control the circuit. It can make the output signal change according to the change of the input signal, so as to realize the functions of controlling, protecting, regulating and transmitting information of the circuit. According to the working principle or structural characteristics, relays can be divided into many types, such as electromagnetic relays, solid state relays, temperature relays, time relays, etc. Among them, electromagnetic relays are the most widely used products and occupy most of the relay market.
According to data from Shangpu Consulting Group, the global relay market will be about 44 billion yuan (RMB) in 2022, and it is expected to reach 48 billion yuan in 2023, with a compound growth rate of 4.5 from 2022 to 2023. The major producers of the global relay market include China, the United States, Japan, Germany, etc. Among them, China is the world's largest producer and consumer of relays. In 2022, China's relay market will be about 23 billion yuan, accounting for 52.3 percent of the global market. It is expected to reach 25 billion yuan in 2023, accounting for 52.1 percent of the global market, with a compound growth rate of 4.3 percent from 2022 to 2023. The main downstream application areas of China's relay market include household appliances, automobiles, communication equipment, industrial control, power protection, etc.
From the perspective of market growth, Shangpu Consulting believes that the global and Chinese relay markets will maintain a stable growth trend, mainly affected by the following factors:
Economic recovery and infrastructure development. As the neo-crowning epidemic is brought under control and vaccination advances, the global economy will gradually return to normal levels, and governments will increase investment in infrastructure to stimulate economic growth and employment. This will drive an increase in demand for various end products and equipment, thereby driving the demand for relays.
The development of new energy vehicles and 5G communications. New energy vehicles and 5G communications are the two most promising and dynamic areas in the world today, and they are of great significance to the realization of energy transformation and digital transformation. New energy vehicles and 5G communications have a strong demand for high-performance, high-reliability and high-frequency relays, which will promote the upgrading and innovation of relay product structures.
Smart grid and distributed energy construction. Smart grid refers to the use of advanced information technology, communication technology and control technology to realize the automation, intelligence and interaction of power system, and improve the safety, economy and cleanliness of power. Distributed energy refers to the use of renewable energy or small power generation equipment to generate electricity at or near the point of consumption to achieve self-sufficiency or interconnection of electricity. Smart grid and distributed energy resources put forward higher requirements for the function and performance of relays, and also bring new market opportunities for relays.
From the perspective of market trends, Shangpu Consulting believes that the global and Chinese relay markets will present the following characteristics:
Product structure to the high-end transfer. With the continuous improvement of the requirements for performance, accuracy, stability and intelligence of relays in downstream applications, relay products will develop in the direction of high-end, such as high-voltage DC relays, high-frequency relays, low-power relays, and new-generation communication relays. These products have higher technical content and added value, and also face more intense competition.
The market competition pattern is divided. The competitive landscape of the global relay market will show a trend of polarization. On the one hand, internationally renowned brand companies, such as Omron, Tyco, Panasonic, etc., rely on their strong technical strength, brand influence and channel advantages in the middle and high-end market. Occupy a larger share; on the other hand, there are domestic excellent brand companies, such as Hongfa, Meishuo Technology, Sanyou Lianzhong, etc, by continuously increasing R & D investment, expanding overseas markets and improving service levels, they have achieved good results in the low-end market, and gradually entered the high-end market.
Increased market concentration. With the maturity and standardization of the relay industry, the market concentration will gradually increase, and a number of leading enterprises with scale effect and core competitiveness will appear within the industry, while some small, scattered and inefficient enterprises will face the pressure of elimination or merger and reorganization. At the same time, cooperation and alliances will be strengthened within the industry to form synergies between the upstream and downstream of the industry chain and enhance overall competitiveness.
In short, Shangpu Consulting believes that the relay market will maintain steady growth in 2023, and emerging fields such as new energy vehicles, 5G communications and smart grids will become new growth points for relays. At the same time, the mid-to-high-end relay market will face fierce competition from domestic and foreign companies.
Consulting Services
economic database
See more>Brand Rankings
See more>
Shangpu Consulting Group: Market Survey of Top Ten Brands of imported Fruits in January 2023
Shangpu Consulting Group: Market Research on Top Ten New Products of Electrical Appliances in December 2022
Shangpu Consulting Group: Market Survey of Top Ten Popular Brands in January 2023
Shangpu Consulting Group: Market Research on Top Ten Brands of Home Administration Cleaning in January 2023
On July 05, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "In-process Plastic Market Research Project in the Automotive Sector. The customer said: The project report completed by Shangpu Consulting in cooperation with our company is due to the wide range of projects and strong professional products. Thank you very much for the professional and detailed market research report of Shangpu Consulting. I look forward to cooperating again next time and wish Shangpu Consulting by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 05, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Research Project of the Network Designated City Transport Company. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for "A Brand Sales Leading Research Project in the Water Purifier Industry. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
July 07, 2020, Shangpu Consulting received a satisfaction evaluation sheet from the customer's "Lithium Battery Enterprise Sales Strategy and Production Cost Research Project. The customer said: The market research project provided by Shangpu Consulting for our company has provided us with a valuable reference basis for objectively evaluating the current market situation of the industry and achieved the expected goal. I also wish Champ Consulting the development of by going up one storey! Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Coal Mine Tunnel Drilling Rig Market Share Proof Project. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from a customer for "A Brand in an Industry Leading Sales Research Project for Three Consecutive Years. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "China Bird's Nest Industry Market Ranking Research Project. The customer said: has cooperated many times, as always satisfied, also recommend to other enterprises cooperation. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!
On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for a hazardous waste treatment research project. The customer said: this is the organizational structure of the survey, the service process is very good, wish your company's consulting work is getting better and better, look forward to the next cooperation. I wish users a prosperous career, evergreen foundation!
On July 16, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the Shared Beauty Research Project. The customer said: The content of Phase I and Phase II is satisfactory, and we look forward to signing a long-term agreement in the later period. The research part of the country will continue to cooperate with your company. I wish users a prosperous career, evergreen foundation!
On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for the "Research Project on the Organizational Structure of Two Liquor Production Enterprises. The customer said: This is an organizational structure survey, the service process is very good, looking forward to the next cooperation. I wish users a prosperous career, evergreen foundation!
| Research Module | research content | ||||||
|---|---|---|---|---|---|---|---|
| Market research | Industry status | market capacity | Product Application | channel mode | Supply chain | market competition | Market Consulting |
| Competitor Research | Enterprise background | Enterprise Finance | Sales Data | Market Strategy | Production Equipment | Supply Procurement | Technology R & D |
| warehousing logistics | channel construction | Human Resources | Enterprise Strategy | ||||
| User Research | Consumer Survey | consumption behavior attitude | Publicity/Promotion | Product Service | Brand Research | consumer characteristics | |
| satisfaction survey | Employee satisfaction | user satisfaction | |||||
| Market Entry Advisory | Macro Industry Research | competitive enterprise research | Downstream User Research | Channel Research | Due Diligence | Return on Investment | |
| Floor module | Landing implementation recommendations | Long-term cooperation | |||||
| Business investment due diligence | Target industry market investment value due diligence | Industry Benchmarking Enterprise Research | Target Enterprise Credit Assessment Report | Project investment due diligence | |||
| industry planning | Market research | market access | development strategy | investment location | Acquisition and integration | IPO Fundraising | |
| Credit Report | Basic information | Major Events | Production/Operation Network | enterprise scale | Operating strength | Financial strength | Legal risk |
| Future business prediction | Overall credit rating | cooperative risk warning | |||||
| Brand/Sales Proof | Market Share Proof | Market Share Proof | Proof of brand strength | Industry Proof | Specialized new proof | Proof of sales strength | Proof of technological leadership |
| National/Global Status Certificate | |||||||
15 Year
Champ Consulting has been established for 15 years.
48 Intellectual Property Rights
Independent methodology
80% of the information comes from first-hand research.
118 Billionth
Self-built database 11.8 billion
Covering 1978 industries in China
0.1 billion new data per year
Industry Big Data Platform
118 +
Have a 300 team of professional consultants
Practical operation and management experience of top enterprises
88% of members have international PMP certificates
48 Item
Independent methodology
48 independent intellectual property rights
high-tech enterprise
Industry Big Data Platform
400-969-2866
Take a look and learn more.
Champ Consulting
Copyright Champu Consulting Group Co., Ltd. All Rights ReservedBeijing ICP No. 08011146-6国统涉外证字第0709号 Copyright @ 2008-2022 Shangpu-China.Com All Rights ReservedSite Map