HVAC Relay Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026

Published on : Mar-2019 | List of Tables : 56 | List of Figures : 51 | No. of Pages : 187 | Report Code : FACT3234MR | Format : ppt pdf Excel Word

Burgeoning Demand for HVAC Systems in Industrial and Commercial Facilities to Uphold 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 bolstering 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 is creating lucrative opportunities for players operating in the HVAC relay market with demand for novel switches to be used in advanced systems surging.

Growing awareness about the lower costs of HVAC systems operations in addition to the improving efficacy of the products is causing a widespread adoption of HVAC systems in residential as well as commercial buildings. Building administrators are increasingly replacing conventional steam-based chiller systems with electric chillers, a trend which is estimated to propel HVAC relay market growth. Additionally, renovation and improvement of infrastructure around the world are projected to fuel demand for HVAC systems, in turn, contributing to HVAC relay market proliferation.

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

With competition in the HVAC relay market intensifying, manufacturers are working towards integrating value added-features into HVAC relays to gain a competitive edge. High momentary current bearing capacity, reliable circuit breaking, and smart capabilities are some of the key features gaining priority in the HVAC relay market. For instance, Schneider Electric launched a new product named the Easergy P3 relay which is equipped with smart capabilities. The company claims the relay system trips circuit breakers immediately in case of fault detection to protect equipment from severe damage. The product comes with a web-based application which allows users to conduct virtual simulation tests and simplify maintenance. Such developments are expected to aid in propelling HVAC relay market growth.

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Technological Headways to Enhance HVAC Relay Quality

Exponential growth in automation and Industrial Internet of Things (IIoT) is estimated to boost HVAC relay market growth. Leveraging automation HVAC relay manufacturers are successfully enhancing the quality and durability of the systems in addition to boosting production. Real-time data monitoring and collection is aiding manufacturers in collecting vital data to streamline production operations and detect faults in the production processes. Development of 3D printing and additive manufacturing is enabling companies to produce highly-efficient relay systems at lower costs and using sustainable materials. These factors are estimated to help companies in complying with government regulations and ensure large-scale production at lower costs.

High-costs and Complicated Process of HVAC System Installation to Stifle Market Growth

HVAC system installation involves making significant changes to the plumbing and ventilation systems of a building. The process is time-consuming and requires thorough planning for proper execution. Additionally, the presence of an old HVAC system in place may create additional problems in installation. Due to these reasons, the costs incurred for initially setting up HVAC systems is high. In addition to this, the infrastructural changes required for installation may result in a long period of downtime which can cause inconvenience and lower production rates in industries. These reasons are expected to restrain the demand for HVAC systems across industries and are estimated to adversely impact the HVAC relay market growth.

Lack of skilled technical managers in industries and buildings is increasingly being linked to the growing incidences of HVAC system failures around the world. The trend is likely to dampen sales of HVAC systems eventually denting HVAC relay market growth.

HVAC Relay Market – Competitive Landscape

The HVAC relay market is highly competitive with players focusing on launching novel and innovative products to consolidate their position in the HVAC relay market. Some of the leading players operating in the market are Control & Switchgear Electric Limited, Eaton Corporation, Siemens AG, ABB Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Schneider Electric, Eaton Corporation, General Electric, Littlefuse Inc., Hitachi Ltd., Rockwell Automation, Inc., Zettler Electronics Inc., Omron Corporation, IXYS Integrated Circuits Division, Inc., Omega Engineering, Inc., Celduc Realis, and Vishay Intertechnology, Inc.

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Fact.MR recently released a report on the HVAC relay market which provides valuable actionable insights into the HVAC relay market. The report provides a detailed analysis of all the key factors influencing the growth of the HVAC relay market. Additionally, all the macro and microeconomic facets influencing the market growth have been provided in the report. A comprehensive opportunity assessment of the HVAC relay market has also been included in the report. Each identified factor has been analyzed qualitatively as well as quantitatively. The report also includes a competitive assessment of the HVAC relay market towards the end of the report.

HVAC Relay Market – Executive Summary

The report on HVAC relay market commences with an executive summary which provides brief yet affluent information about the market in terms of key facts and figures. A list of all the top trends prevalent in the HVAC relay market has been provided in the chapter along with all the assumptions made during the compilation of the report.

HVAC Relay Market – Overview, Background, Analysis, and Forecast

A concrete definition of the HVAC relay market along with a detailed taxonomy of the market has been provided in the report. The report also sheds light on the key market dynamics which impact the HVAC relay market performance. All the trends, opportunities, restraints, drivers, threats, and challenges influencing HVAC relay market performance have been analyzed in the report. The report also includes a list of all the key manufacturers and distributors operating in the HAVC relay market. Supply and value chain analysis of the HVAC market has also been included in the report.

In addition to this, the report provides a detailed breakdown of the HVAC relay market on the basis of region, application, and type. On the basis of product type, the HVAC relay market is segmented into solid state relay, hybrid relay, electromagnetic relay, thermal relay, and others.

Based on the application, the HVAC relay market has been divided into residential, commercial, automotive, and industrial.

A detailed historical analysis of the HVAC relay market performance based on each of the aforementioned segments has been provided in the report. Additionally, an authentic and accurate forecast of the HVAC relay market has been included in the report.

Further, the report on the HVAC relay market assesses the different geographical region on the basis of countries and lists all the key trends and developments that have a significant impact on the performance of the HVAC relay market in the particular region.

HVAC Relay Market – Competitive Landscape Assessment

The report on the HVAC relay market provides a detailed analysis of the competitive landscape prevalent in the market. A comprehensive analysis of the distribution of the revenue share between different players operating in the HVAC relay market along with justified explanations has been provided in the report. All the leading players operating in the HVAC relay market are identified in this section of the report. Additionally, detailed profiling of each of these players sheds light on their product portfolios, market presence, global footprint, strengths, weaknesses, strategies, and notable business developments. The information presented under the section can be leveraged by business professionals and stakeholders operating in the HVAC relay market to adjust their strategies in line with the leading players to tap into the extensive consumer base of leading players. Additionally, the information provided in the section can help upcoming players in gauging the competition prevalent in the HVAC relay market and identifying the entry barriers into the market.

HVAC Relay Market – Research Methodology

A robust, exhaustive, and elaborate research methodology was employed during the compilation of the report on the HVAC relay market. The two-step research process involving primary and secondary researches formed the basis of the research methodology. Interviewing seasoned experts from the HVAC relay market formed the basis of primary research. Secondary research was conducted by thoroughly studying company press releases, trade journals, and other publications pertaining to the HVAC relay market.

Results from both the steps of research were triangulated with each other to filter out erroneous information and create an authentic and accurate forecast of the HVAC relay market.   

1. Preface
     1.1. Report Scope and Market Segmentation
     1.2. Research Highlights

2. Assumptions and Research Methodology
     2.1. Report Assumptions
     2.2. Secondary Sources and Acronyms Used
     2.3. Research Methodology

3. Executive Summary
     3.1. Market Snapshot
     3.2. Top Trends

4. Market Overview
     4.1. Product Overview
     4.2. Market Indicators

5. Market Dynamics
     5.1. Drivers and Restraints Snapshot Analysis
            5.1.1. Drivers
            5.1.2. Restraints
            5.1.3. Opportunity
     5.2. Porter’s Analysis
            5.2.1. Threat of Substitutes
            5.2.2. Bargaining Power of Buyers
            5.2.3. Bargaining Power of Suppliers
            5.2.4. Threat of New Entrants
            5.2.5. Degree of Competition
     5.3. Global HVAC Relay Market Analysis and Forecast (US$ Mn), 2017-2026
     5.4. Value Chain Analysis
     5.5. List of Key Manufacturers
     5.6. List of Key Customers

6. Global HVAC Relay Market Analysis and Forecast (US$ Mn), by Type, 2017-2026
     6.1. Introduction
     6.2. Key Findings
     6.3. Global HVAC Relay Market Value Share Analysis, by Type (US$ Mn), 2017-2026
            6.3.1. Electromagnetic Relay
            6.3.2. Solid State Market Size
            6.3.3. Thermal Relay Market Size
            6.3.4. Hybrid Relay Market Size
            6.3.5. Others Market Size
     6.4. Global HVAC Relay Market Attractiveness Analysis, by Type

7. Global HVAC Relay Market Analysis and Forecast (US$ Mn), by Application, 2017-2026
     7.1. Introduction
     7.2. Key Findings
     7.3. Global HVAC Relay Market Value Share Analysis and Forecast (US$ Mn), by Application, 2017-2026
            7.3.1. Automotive
            7.3.2. Residential
            7.3.3. Commercial
            7.3.4. Industrial
     7.4. Global HVAC Relay Market Attractiveness Analysis, by Application

8. HVAC Relay Market Analysis and Forecast (US$ Mn), by Region, 2017-2026
     8.1. Global Market Revenue (US$ Mn) and Growth Scenario, by Region, 2017
     8.2. Key Findings
     8.3. Global HVAC Relay Market Value Share Analysis and Forecast (US$ Mn), by Region, 2017-2026
            8.3.1. North America
            8.3.2. Europe
            8.3.3. Asia Pacific
            8.3.4. Middle East & Africa
            8.3.5. Latin America
     8.4. Global HVAC Relay Market Attractiveness Analysis, by Region

9. North America HVAC Relay Market Analysis (US$ Mn), 2017-2026
     9.1. Key Findings
     9.2. North America HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Type
     9.3. North America HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Application
     9.4. North America HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Country
            9.4.1. U.S. HVAC Relay Market Forecast , by Type
            9.4.2. U.S. HVAC Relay Market Forecast, by Application
            9.4.3. Canada HVAC Relay Market Forecast, by Type
            9.4.4. Canada HVAC Relay Market Forecast, by Application
     9.5. North America HVAC Relay Market Attractiveness Analysis
            9.5.1. By Type
            9.5.2. By Application
            9.5.3. By Country

10. Europe HVAC Relay Market Analysis (US$ Mn), 2017-2026
     10.1. Key Findings
     10.2. Europe HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Type
     10.3. Europe HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Application
     10.4. Europe HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Country/Sub-region
            10.4.1. Germany HVAC Relay Market Forecast, by Type
            10.4.2. Germany HVAC Relay Market Forecast, by Application
            10.4.3. Russia & CIS HVAC Relay Market Forecast, by Type
            10.4.4. Russia & CIS HVAC Relay Market Forecast, by Application
            10.4.5. U.K. HVAC Relay Market Forecast, by Type
            10.4.6. U.K. HVAC Relay Market Forecast, by Application
            10.4.7. France HVAC Relay Market Forecast, by Type
            10.4.8. France HVAC Relay Market Forecast, by Application
            10.4.9. Rest of Europe HVAC Relay Market Forecast, by Type
            10.4.10. Rest of Europe HVAC Relay Market Forecast, by Application
     10.5. Europe HVAC Relay Market Attractiveness Analysis
            10.5.1. By Type
            10.5.2. By Application
            10.5.3. By Country

11.  Asia Pacific HVAC Relay Market Analysis and Forecast (US$ Mn), 2017-2026
     11.1. Key Findings
     11.2. Asia Pacific HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Type
     11.3. Asia Pacific HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Application
     11.4. Asia Pacific HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Country/Sub-region
            11.4.1. China HVAC Relay Market Forecast, by Type
            11.4.2. China HVAC Relay Market Forecast, by Application
            11.4.3. India HVAC Relay Market Forecast, by Type
            11.4.4. India HVAC Relay Market Forecast, by Application
            11.4.5. Japan HVAC Relay Market Forecast, by Type
            11.4.6. Japan HVAC Relay Market Forecast, by Application
            11.4.7. ASEAN HVAC Relay Market Forecast, by Type
            11.4.8. ASEAN HVAC Relay Market Forecast, by Application
            11.4.9. Australia HVAC Relay Market Forecast, by Type
            11.4.10. Australia HVAC Relay Market Forecast, by Application
            11.4.11. Rest of Asia Pacific HVAC Relay Market Forecast, by Type
            11.4.12. Rest of Asia Pacific HVAC Relay Market Forecast, by Application
     11.5. Asia Pacific HVAC Relay Market Attractiveness Analysis
            11.5.1. By Type
            11.5.2. By Application
            11.5.3. By Country

12.  Middle East & Africa HVAC Relay Market Analysis and Forecast (US$ Mn), 2017-2026
     12.1. Key Findings
     12.2. Middle East & Africa HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Type
     12.3. Middle East & Africa HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Application
     12.4. Middle East & Africa HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Country/Sub-region
            12.4.1. GCC HVAC Relay Market Forecast, by Type
            12.4.2. GCC HVAC Relay Market Forecast, by Application
            12.4.3. South Africa HVAC Relay Market Forecast, by Type
            12.4.4. South Africa HVAC Relay Market Forecast, by Application
            12.4.5. Rest of Middle East & Africa HVAC Relay Market Forecast, by Type
            12.4.6. Rest of Middle East & Africa HVAC Relay Market Forecast, by Application
     12.5. Middle East & Africa HVAC Relay Market Attractiveness Analysis
            12.5.1. By Type
            12.5.2. By Application
            12.5.3. By Country

13. Latin America HVAC Relay Market Analysis and Forecast (US$ Mn), 2017-2026
     13.1. Key Findings
     13.2. Latin America HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Type
     13.3. Latin America HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Application
     13.4. Latin America HVAC Relay Market Value Share Analysis & Forecast (US$ Mn), by Country/Sub-region
            13.4.1. Brazil HVAC Relay Market Forecast, by Type
            13.4.2. Brazil HVAC Relay Market Forecast, by Application
            13.4.3. Mexico HVAC Relay Market Forecast, by Type
            13.4.4. Mexico HVAC Relay Market Forecast, by Application
            13.4.5. Rest of Latin America HVAC Relay Market Forecast, by Type
            13.4.6. Rest of Latin America HVAC Relay Market Forecast, by Application
     13.5. Latin America HVAC Relay Market Attractiveness Analysis
            13.5.1. By Type
            13.5.2. By Application
            13.5.3. By Country

14. Company Landscape
     14.1. HVAC Relay Market Share Analysis, by Company (2017)
     14.2. Competition Matrix
     14.3. Market Footprint Analysis, 2017
     14.4. Competitive Business Strategy
     14.5. Company Profiles
            14.5.1. General Electric
                     14.5.1.1. Company Description
                     14.5.1.2. Business Overview
                     14.5.1.3. Financial Overview
                     14.5.1.4. Strategic Overview
            14.5.2. TE Connectivity Limited
                     14.5.2.1. Company Description
                     14.5.2.2. Business Overview
                     14.5.2.3. Strategic Overview
            14.5.3. Eaton Corporation Plc
                     14.5.3.1. Company Description
                     14.5.3.2. Business Overview
                     14.5.3.3. Financial Overview
                     14.5.3.4. Strategic Overview
            14.5.4. Siemens AG
                     14.5.4.1. Company Description
                     14.5.4.2. Business Overview
                     14.5.4.3. Financial Overview
                     14.5.4.4. Strategic Overview
            14.5.5. Control & Switchgear Electric Limited
                     14.5.5.1. Company Description
                     14.5.5.2. Business Overview
            14.5.6. ABB Limited
                     14.5.6.1. Company Description
                     14.5.6.2. Business Overview
                     14.5.6.3. Financial Overview
                     14.5.6.4. Strategic Overview
            14.5.7. Littlefuse Inc.
                     14.5.7.1. Company Description
                     14.5.7.2. Business Overview
                     14.5.7.3. Financial Overview
                     14.5.7.4. Strategic Overview
            14.5.8. Mitsubishi Electric Corporation
                     14.5.8.1. Company Description
                     14.5.8.2. Business Overview
                     14.5.8.3. Financial Overview
                     14.5.8.4. Strategic Overview
            14.5.9. Rockwell Automation Inc.
                     14.5.9.1. Company Description
                     14.5.9.2. Business Overview
                     14.5.9.3. Financial Overview
                     14.5.9.4. Strategic Overview
            14.5.10. Toshiba Corporation
                     14.5.10.1. Company Description
                     14.5.10.2. Business Overview
                     14.5.10.3. Financial Overview
                     14.5.10.4. Strategic Overview
            14.5.11. Hitachi Limited
                     14.5.11.1. Company Description
                     14.5.11.2. Business Overview
                     14.5.11.3. Financial Overview
                     14.5.11.4. Strategic Overview
            14.5.12. Schneider Electric SE
                     14.5.12.1. Company Description
                     14.5.12.2. Business Overview
                     14.5.12.3. Financial Overview
                     14.5.12.4. Strategic Overview
            14.5.13. OMRON Corporation
                     14.5.13.1. Company Description
                     14.5.13.2. Business Overview
                     14.5.13.3. Financial Overview
                     14.5.13.4. Strategic Overview

15. Key Primary Insight

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HVAC Relay Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2026