Solid State Relay Market are estimated to reach US$ 1,680 Mn, registering growth at a CAGR of 6.7% during the forecast period 2022-2032. 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.
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.
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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.
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.
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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 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
Solid State Relay Market
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
- low power (0-20A)
- medium power (20A-50A)
- high power (50A & above)
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in 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 products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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