EV Relay Market - Top Companies and Manufacturers

  • Report ID: 6456
  • Published Date: Sep 19, 2024
  • Report Format: PDF, PPT

Companies Dominating the Electric Vehicle (EV) Relay Landscape

    Leading competitors in the worldwide and regional markets for electric vehicle relays are consolidating and leading the EV relay market. To maintain their market positions, the businesses use tactics including partnerships and the introduction of new products. For example, LS e-Mobility Solutions, an EV component-focused subsidiary of LS Electric Co., was awarded a USD 187 million supply contract in August 2023 to supply relays for electric vehicles produced by Hyundai Motor Co. and Kia Corp. The supply of EV relays for electric vehicles is covered by the agreement. Delivery of the components is expected to occur in the first half of 2025.

    Here are some leading players in the EV relay market:

    • FCL Components America, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Omron Corporation
    • TE Connectivity Ltd.
    • HELLA GmbH & Co. KGaA
    • Hongfa Technology Co Ltd.
    • Willow Technologies Limited
    • Zettler Group
    • Tara Relays Private Limited
    • Song Chuan Group Company
    • Jiangxi Weiqi Electric Co., Ltd.

Browse Key Market Insights with Data Illustration:

In the News

  • In July 2024, Omron Electronic Components Europe announced a new high-capacity printed circuit board (PCB) relay designed exclusively for Mode 3 AC electric vehicle (EV) charging stations installed in AC wall boxes. The G9KC relay has the highest minimal contact resistance currently available on the market and creates much less heat at the load terminal during operation than similar devices.
  • In June 2024, FCL Components America, Inc. introduced the industry's smallest low-power 40A automotive-grade PCB-mounted relay, the FBR53-LE. This relay contributes to more compact designs as it is more than 2 mm in height than others in its class. Its nominal coil power is 640mW, and its contact rating is 14VDC, 40A. Due to its wide operating temperature range (-40 to +125 degrees Celsius), it is perfect for engine compartments.

Author Credits:  Saima Khursheed


  • Report ID: 6456
  • Published Date: Sep 19, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The electric vehicle (EV) relay market size was USD 24.5 billion in 2024.

The global electric vehicle (EV) relay market size was US 24.5 billion in 2024 and is likely to reach USD 1089.7 billion by the end of 2037, expanding at a CAGR of 33.9% over the forecast period, i.e., 2025-2037.

Omron Corporation, TE Connectivity Ltd., HELLA GmbH & Co. KgaA, Hongfa Technology Co Ltd., Willow Technologies Limited, Zettler Group, Tara Relays Private Limited, Song Chuan Group Company, Jiangxi Weiqi Electric Co., Ltd. are some key players in the market.

The passenger cars segment is expected to hold a leading share during the forecast period.

Asia Pacific is projected to offer lucrative prospects with a share of 41.8% during the forecast period.
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