Relays Market Report 2026

The relays market size has grown marginally in recent years. It will grow from $6.67 billion in 2025 to $6.77 billion in 2026 at a compound annual growth rate (CAGR) of 1.5%. The growth in the historic period can be attributed to growth in electromechanical switching applications, early adoption in utility protection devices, expansion of industrial machinery control systems, rising use in consumer electronic circuits, development of automotive relay modules.

The relays market size is expected to see strong growth in the next few years. It will grow to $8.32 billion in 2030 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increasing demand for solid state relay technology, growth in autonomous and electric vehicle electronics, rising deployment of smart grid protection systems, expansion of robotics and automation platforms, need for high temperature and high reliability relays. Major trends in the forecast period include increasing use of relays in industrial automation systems, growing adoption of solid state relays for high speed switching, rising integration of relays in automotive electronic architectures, expansion of smart grid and utility relay deployments, increasing demand for miniaturized and high reliability relay components.

The global rise in investments in solar energy projects is expected to boost the relays market during the forecast period. Relays play a crucial role in solar energy projects by disconnecting high DC voltages. For example, in December 2023, Wood Mackenzie Limited, a US-based energy transition data company, reported that the DC installed capacity in the US solar industry for Q3 2023 reached 6.5 GWdc, reflecting a 35% increase from Q3 2022’s 4.8 GWdc. Additionally, total utility-scale solar installations in the United States grew from approximately 17 GWdc in 2022 to around 23 GWdc in 2023. Thus, the growing investment in solar energy projects is driving the expansion of the relays market.

Major companies in the relays market are concentrating on developing innovative solutions, such as high-capacity relays for power storage and electric vehicle (EV) charging, to meet growing demand driven by the rapid adoption of EVs, the expansion of battery energy storage systems (BESS), and the need for efficient, reliable high-power switching solutions. High-capacity relays are advanced switching devices designed to handle elevated voltage and current levels - often up to 800 V DC and 100 A or more - making them suitable for modern EV charging systems and energy storage applications. For example, in June 2024, Omron Electronic Components Europe, a Netherlands-based subsidiary of Omron Corporation (Japan), launched the G9KB-E high-capacity DC relay, designed for bidirectional EV chargers, household battery storage systems (15-40 kW), and uninterruptible power supply (UPS) units. The G9KB-E supports up to 800 V DC and 100 A, provides bidirectional switching (eliminating the need for two separate relays), features low contact resistance of 5 mΩ, and employs arc cut-off technology optimized through 3D arc simulation for enhanced operational safety. Despite its advanced performance, it maintains the same size and weight as its predecessor, allowing higher power density without increasing system footprint. This innovation illustrates how manufacturers are meeting the increasing performance and safety requirements of the EV charging and energy storage markets.

In February 2024, Standex International Corporation, a US-based provider of electronics, engraving, and specialty manufacturing solutions, acquired Sanyu Switch Co., Ltd. for an undisclosed amount. This acquisition allows Standex to expand its high-margin electronics business by integrating Sanyu’s reed relay and test socket technologies, thereby enhancing its portfolio of precision switching components. Sanyu Switch Co., Ltd. is a Japan-based provider of reed relays, test sockets, and testing systems for semiconductor and electronics manufacturing.

Major companies operating in the relays market are Siemens, Schneider Electric, TE Connectivity, ABB Ltd., Eaton Corporation, Toshiba, Mitsubishi Electric Corporation, Omron Corporation, General Electric, Fujitsu Ltd., Xiamen Hongfa Electroacoustic Co., Ltd, ShanghAI Hugong Auto-Electric Co., Ltd., Hitachi, Ltd., Areva T&D India Ltd., Alstom SA, Song Chuan Group, Guizhou Space Appliance Co., Ltd., Dongguan Sanyou Electrical Appliances Co., Ltd., Zhejiang HKE Relays Co., Ltd., Ningbo Forward Relays Co., Ltd., Audix Technology, DARE Electronics, Inc., Leone Systems, Ashida Electronics Pvt. Ltd., Control &Relays Electric Limited, Mitsuba Corporation, Tatsumi Industry, Kamigumi CO, Panasonic industries Devices, Nissin Corp., Crydom Corp, Crouzet, Finder, Wieland, S&C Electric Company, Powell Industries, G&W Electric, Abunayyan Holding Company, Afcon, Actom, Matelec Group, Egyptian German Electrical Manufacturing Co.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on semiconductor materials, copper components, and electronic assemblies have elevated manufacturing costs for relay producers, particularly impacting solid state and automotive relays across Asia Pacific, Europe, and North America. These tariffs disrupt supply chains, slow delivery schedules, and affect cost-sensitive industrial and utility applications. Despite these challenges, tariffs are driving increased domestic sourcing, encouraging regional manufacturing expansions, and fostering innovation in cost-efficient relay technologies to reduce long-term import dependence.

The relays market research report is one of a series of new reports that provides relays market statistics, including relays industry global market size, regional shares, competitors with a relays market share, detailed relays market segments, market trends, and opportunities, and any further data you may need to thrive in the relays industry. This relays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Relays serve as electric switches utilizing electromagnetism to convert small electrical stimuli into larger currents. These devices enable the making and breaking of circuit contacts through a signal, allowing for automatic switching ON or OFF without human intervention.

The primary types of relays include latching relays, solid-state relays, automotive relays, overload protection relays, electromechanical relays, and others. A latching relay is one that maintains its contact position even after the control power is removed. This type of relay allows users to control a circuit with a single pulse to the relay control circuit. Relays operate across various voltage ranges, including low, medium, and high. They find applications in diverse sectors such as military, industrial automation, electronics, and are utilized by utilities, industrial entities, railways, and other end-users.Asia-Pacific was the largest region in the relays market in 2025. North America was the second-largest region in the global relays market share. The regions covered in the relays market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the relays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The relays market consists of sales of latching relays, solid state relays, automotive relays, overload protection relays, electromechanical relays, and other relays. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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