HVAC Relay Market, Global Outlook and Forecast 2023-2029

HVAC relays are used to control, and open or close contacts that are attached to the motor. 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.
This report aims to provide a comprehensive presentation of the global market for HVAC Relay, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding HVAC Relay. This report contains market size and forecasts of HVAC Relay in global, including the following market information:
Global HVAC Relay Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global HVAC Relay Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five HVAC Relay companies in 2022 (%)
The global HVAC Relay market was valued at US$ 1496.5 million in 2022 and is projected to reach US$ 1946.6 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Electromagnetic Relay Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of HVAC Relay include TE Connectivity, Control & Switchgear Electric, Eaton, Siemens, GE, ABB, Littlefuse, Hitachi and Mitsubishi Electric, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the HVAC Relay manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global HVAC Relay Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HVAC Relay Market Segment Percentages, by Type, 2022 (%)
    Electromagnetic Relay
    Solid State Relay
    Thermal Relay
    Hybrid Relay
Global HVAC Relay Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HVAC Relay Market Segment Percentages, by Application, 2022 (%)
    Automotive
    Industrial
    Commercial
    Residential
Global HVAC Relay Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global HVAC Relay Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies HVAC Relay revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies HVAC Relay revenues share in global market, 2022 (%)
Key companies HVAC Relay sales in global market, 2018-2023 (Estimated), (K Units)
Key companies HVAC Relay sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    TE Connectivity
    Control & Switchgear Electric
    Eaton
    Siemens
    GE
    ABB
    Littlefuse
    Hitachi
    Mitsubishi Electric
    Rockwell Automation
    Toshiba
    Schneider Electric
Outline of Major Chapters:
Chapter 1: Introduces the definition of HVAC Relay, market overview.
Chapter 2: Global HVAC Relay market size in revenue and volume.
Chapter 3: Detailed analysis of HVAC Relay manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of HVAC Relay in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global HVAC Relay capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.