EV Relay Market Players:
- 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.
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:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of EV relay is evaluated at USD 4.5 billion.
The global EV relay market size was worth over USD 3.79 billion in 2025 and is poised to witness a CAGR of around 20.9%, crossing USD 25.29 billion revenue by 2035.
Asia Pacific EV relay market will account for 41.80% share by 2035, driven by strong demand from major automotive markets like China, Japan, and India, coupled with rising middle-class wealth.
Key players in the market include 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.
