Solid State Relay Market

Solid State Relay Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

  • Ongoing
  • April 2020
  • REP-GB-1094
  • PDF PPT EXCEL
Solid State Relay Market
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This Solid State Relay market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Solid State Relay market.


Solid state relay market: Introduction & Overview

Power or electricity is the vital component of the society. Considering the amount of power used for completing the day-to-day activities and industrial operations, power outage can bring all the regular operations to standstill. Strong industrial growth across the globe is also leading to increasing usage and congestion of electricity. Solid state relays are invented to resolve these issues.

Market Growth Analysis

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Need granular data and specific insights that are hard to get?
Solid state relay is an ON-OFF semiconductor device which is used to switch electricity to the load when an external voltage is applied across its terminals. In solid state relay there is no movable part alike mechanical relays. Some of the examples of solid state relays are given as; an SCR, power transistor & TRIAC. Solid state relays are often more energy efficient switches as it consumes less energy in triggering from ON condition to OFF or vice versa. Solid state relays are often used in electrical industries because of the advantages provided as; low switching time, higher breakdown voltage & low switching loss in order to make electric current system more efficient.

Solid state relay market: Dynamics

Now a days, Research and development is more oriented towards automated, compact and low maintenance products. The solid state relay market acquires a great potential across various applications. The key drivers responsible in the growth of solid state relay market include the demand of upgrading aging power of infrastructure in developed regions, increment in the establishment of offshore Wind farm, also the more number of startup companies providing solutions along with the advantages provided by sold state relay as more flexible &/or higher performance nature, small in size & less maintenance are some of them. On the contrary side higher cost factor, higher level of expenditure, higher thermal dissipation of solid state relay are proving to be the key restraints for solid state relay market.

Solid state relay market: Segmentation

Segmentation of solid state relay market is done on the basis of packaging type, output type, power rating type, applications & by Geography. On the basis of packaging type solid state relay market is segmented into three segments Panel mount, Din rail mount & PCB mount.

On the basis of output type, segmentation of solid state relay market is done as; AC solid state relay, DC solid state relay & AC/DC output relay. By power rating the market of solid state relay is segmented as; low power (0-20A), medium power (20A-50A) & high power (50A & above).

By solid state relay applications, its market is segmented into following segments; consumer application as to control power distribution, handling electrical devices, access control, elevator control & others, in food & beverages sector; in cooking appliances like microwave oven, automatic coffee machines & others, in medical & health sector care; in diagnosis & analysis devices, incubators & others, in automotive and transportation sector as in electric vehicles, train control systems, I/O interfaces & others.

On the basis of Geography, segmentation of solid state relay market is done as;  North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among which Asia pacific is having largest market share of Solid state relay & Western Europe is the second largest Market of solid state relay & in the forecasting duration Asia Pacific is going maintain its leadership in market of solid state relay.

Solid state relay market: Key players

The key players of the Solid state relay market are Crydom Inc., ABB Ltd., International Rectifier, Infineon Technologies AG, Carlo Gavazzi Holding AG, Vishay Intertechnology (Siliconix), Fairchild Semiconductor, STMicroelectronics, Texas Instruments Incorporated, Rockwell Automation, Inc., Linear Technology & others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

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  • Gain Insights on Key Solid State Relay Market Impacting Forces
  • Know the Winning Strategies of Market Leaders
  • Get Deep-Dive Analysis on Each Segment
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The report covers exhaustive analysis on:

  • Solid State Relay Market Segments
  • Solid State Relay Market Dynamics
  • Historical Actual Market Size, 2012 - 2014
  • Solid State Relay Market Size & Forecast 2015 to 2025
  • Supply & Demand Value Chain
  • Solid State Relay Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Solid State Relay Market Drivers and Restraints

Regional analysis for Men Grooming Products Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprints
Frequently Asked Questions

What research methodology is used to develop the Solid State Relay Market report?
  • FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
  • These approaches include accumulating data from both primary and secondary sources
  • Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Solid State Relay Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
  • Analysis of several middle market stakeholders for country-wise data

In addition to up-to-date market figures and customized of the Solid State Relay Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.

  • Most of the competitors are segregated according to their market share in 'Tier' wise statures.
  • Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.
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Akshay Godge

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Pranay Mhaisekar

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