Manufacturers Focusing on Production of HVAC Relays with Value-Added Features

The study on the global HVAC relay market provides granular assessments of key growth dynamics and opportunities in the market. These include a comprehensive analysis of the regulatory and strategic landscape during the historical period on the global level and across numerous regions. Fact.MR offers data-driven insights through the HVAC relay market sizing and projections of various segments—shares and size—during the forecast period. The insights offered in the report are aimed at guiding companies and players to identify new growth avenues, winning imperatives, and untapped regional markets.

According to a recent report by Fact.MR, HVAC relay market is estimated to continue its bullish run during the 2018-2026 period with the market generating revenue of almost US$ 3 billion in 2017. The steady growth of the HVAC relay market can be attributed to the continuous addition of new features, burgeoning demand for HVAC systems across industries, and growing awareness about the cost-effective benefits of the products.

Fact.MR opines Asia Pacific will continue to retain the bulk of the HVAC relay market share during the forecast period. Burgeoning consumption of plastic in South Asia in addition to the increasing demand for processed food and chemical production are estimated to be the vital causes propelling the growth of the market in the region. Emerging economies in the region are constantly focusing on renovating and modernizing the existing infrastructure such as metros, trains, buses, hospitals, and corporate spaces. The rigorous developmental activities in the region are likely to fuel demand for HVAC systems in the region which is eventually estimated to augment to the HVAC relay market growth.

Maintenance of HVAC systems is complicated and lack of technical expertise in facilities is increasingly being linked to the growing number of HVAC system failure incidences. Coupled with the high costs associated with HVAC system installation, the factor is a key deterrent to HVAC relay market growth. However, the development of the Industrial Internet of Things (IIoT) is allowing facility managers and administrators to leverage data analytics and internet of things to predict the requirement of maintenance. The widespread adoption of the technology can boost HVAC relay market growth substantially.

In the making of the HVAC relay market study, the following are taken into:

• Estimated Year: 2026


• Forecast Period: 2018 – 2029

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Interested market participants and readers can peruse the global market HVAC relay market report to get insights into and evaluation of:

• Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the HVAC relay market


• Major research and product development projects


• Promising technologies and favorable regulations in key regions


• Segments that will lose or gain shares in the next few years


• Value chain of key vendors and manufacturers

The HVAC relay market report provides estimations and the market sizing and prospects of various regions. To this end, the study makes in-depth segmentation of the following key regions:

• North America (U.S., Canada)


• Latin America (Brazil, Mexico)


• Europe (U.K., Germany)


• APEJ (China, India)

The study also takes a closer look at the prevailing regulatory and macroeconomic frameworks and in the key country markets.

Fact.MR has been closely tracking shares and size, and factors shaping the demand and consumption dynamics of various offering by key players in the HVAC relay market over the past several years. To this end, the study segments the HVAC relay market on the following types:

• Electromagnetic Relay


• Solid State


• Thermal Relay


• Hybrid Relay

The report, in order to offer a comprehensive assessment of the growth dynamics shaping the prospects of applications, segments the overall HVAC relay market into:

• Automotive


• Residential


• Commercial


• Industrial

Detailed profiling of the competitive landscape include following players:

• General Electric


• TE Connectivity Limited


• Eaton Corporation Plc


• Siemens AG


• Control & Switchgear Electric Limited


• ABB Limited


• Littlefuse Inc.


• Mitsubishi Electric Corporation


• Rockwell Automation Inc.


• Toshiba Corporation


• Hitachi Limited


• Schneider Electric SE


• OMRON Corporation

Fact.MR strives to offer market analytics and business intelligence solutions to guide businesses in better strategy formulations in the HVAC relay market.

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The HVAC relay market report will improve the revenue impact of businesses in various industries by:

• Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the HVAC relay market


• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global HVAC relay market and offers solutions


• Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints


• Provides understanding of disruptive technology trends to help businesses make their transitions smoothly


• Helping leading companies make strategy recalibrations ahead of their competitors and peers


• Offers insights into promising synergies for top players aiming to retain their leadership position in the HVAC relay market.