DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Electric Vehicle Relays Market 2017-2021" report has been added to Research and Markets' offering.
The global electric vehicle relays market is forecast to grow at a CAGR of 15.48% during the period 2017-2021.
The report, Global Electric Vehicle Relays Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is development of intelligent relays. As EVs require multiple relays connected between systems, suppliers and OEMs are in continuous developments of power electronics to decrease the number of components. To eliminate multiple relays, timers and pushbutton technologies are being incorporated with relays, where the relay is connected and disconnected with various systems on a timed basis.
According to the report, one driver in the market is increasing product portfolio and adoption of EVs. The development and adoption of alternative fuel vehicles are considered as major solutions to reduce the emissions of greenhouse gases. Alternative fuel vehicles run on alternative sources of energy, such as electricity, hybrid energy, solar energy, wind energy, or biofuels. APAC, North America, and Europe implement stringent regulations on fuel emissions and consumption, and tax incentives for the increased adoption of EVs.
Further, the report states that one challenge in the market is powered switches, a substitute for relays, gaining market penetration. Relays connect various components in the automotive vehicles and regulate the power flow between various components to ensure that no product is damaged due to excess current supply or overheating. EVs are equipped with nearly 40 relays performing different functions. With the advancements in technology, the powered switch is being used as a replacement for relays as it is an integrated system, which performs the task of all the relays combined.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Relay Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/5vzjfw/global_electric
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