Solid State Relay Market 2021-2027
New Study Reports “ Solid State Relay Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.
Introduction/Report Summary:
This report provides in depth study of “Solid State Relay Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Solid State Relay Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Market Research Future (MRFR) projects the global solid state relay market to reach USD 1.78 billion at a CAGR of 7.23% from 2019 to 2027 (forecast period).
Solid state relays are designed to switch both AC and DC currents using a silicone-controlled rectifier (SCR), a triode for alternating current (TRIAC), or switching transistor output instead of the usual mechanical normally-open (NO) contacts. These relays are suitable for a wide range of switching applications as they have no moving parts, no contact failures, and generate little or no noise. The adoption of solid state relays has mainly been seen in home electronics, industrial machinery, medical equipment, communications equipment, and transport.
Solid State Relay Market Dynamics
Development in automation across industry verticals is one of the key factors contributing to the global market’s growth for Solid State Relay Market. In addition, long operating life and less maintenance of solid state relays have compelled manufacturers to replace electromechanical relays with solid state relays. Nevertheless, the demand for heat sinks to manage thermal loads and disparities in quality standards across regions is expected to hinder the global market’s growth.
Key Players
The report has profiled some of the Important players prevalent in the global Solid State Relay Market like – Rockwell Automation, Inc. (US), Omron Corporation (Japan), General Electric (US), Fujitsu Limited (Japan), Teledyne Relays, Inc. (US), Crydom Inc. (US), ABB Ltd (Switzerland), Avago Technologies, Ltd (US), Omega Engineering Inc. (US), Celduc Relais (France), Vishay Intertechnology (Siliconix) (US), Infineon Technologies AG (Germany), Fairchild Semiconductor (US), Carlo Gavazzi Holding AG (Switzerland), and STMicroelectronics (Switzerland).
Apart from the players mentioned above, Texas Instruments Incorporated (US), Linear Technology (US), Arico Technology (Taiwan), Ametek (US), Eaton (Ireland), Broadcom Ltd (US), Ixys Integrated Circuits Division (US), and TE Connectivity (Switzerland) also have a noteworthy presence in the global Solid State Relay Market Size and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Solid State Relay.
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Solid State Relay Market Segmentation
The global market for solid state relay Solid State Relay Market has been segmented based on mounting type, output voltage, current rating, and application.
By mounting type, the global market has been segmented into panel mount, PCB mount, DIN rail mount, and others.
Based on the output voltage, the global Solid State Relay Market market has been segmented into DC solid state relay, AC solid state relay, and AC/DC solid state relay.
Based on the current rating, the global market has been segmented into low (0–20A), medium (20A–50A), and high (50A & Above).
By application, the global Solid State Relay Market has been segmented into industrial automation, automotive & transportation, building equipment, industrial OEM, energy & infrastructure, medical devices, food & beverages, and others.
Regional Analysis
The geographic analysis of the global solid state relay market has been done for North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America.
The North American region dominated the solid state relay market in 2018. The market has experienced a huge foothold of the automotive, food & beverage, building equipment, and manufacturing industries. This increased the demand for solid state relays for use in different industrial process control applications. On the other hand, the Asia Pacific region is presumed to see the fastest growth in the solid state relay market during the assessment period. Increased automation and industrialization in China, Japan, India, and South Korea has contributed to the expansion of the global solid state relay market.
Competitive Landscape
Manufacturers in the global solid state relay market are mainly aimed at improving their portfolio of solid state relays in order to remain competitive in the market. To accomplish this, these companies have invested a significant proportion of their revenues in their products’ research and development. Rising demand for thermal dissipation management from machines has encouraged manufacturers to develop solid-state relays to prevent the machines from heating. Furthermore, the need for miniaturisation of devices has urged manufacturers to carry out research on minimizing the size of PCBs and thus continue to stay in the market. As part of their market development strategy, companies are also focusing on inorganic growth approaches, like acquisitions, partnerships, joint ventures, and collaborations, to broaden their geographic presence and achieve a competitive advantage in the global solid state relay market.
Key Stakeholders
Solid State Relay Market Manufacturers
Solid State Relay Market Distributors/Traders/Wholesalers
Solid State Relay Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/solid-state-relay-market-8645
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Insights
4 Research Methodology
5 Market Dynamics
….
13 Company Profiles
13.1 Omron Corporation
13.1.1 Company Overview
13.1.2 Mounting Type/Business Segment Overview
13.1.3 Financial Updates
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.1.6 Key Strategies
13.2 Fujitsu Limited
13.2.1 Company Overview
13.2.2 Mounting Type/Business Segment Overview
13.2.3 Financial Updates
13.2.4 Key Developments
13.2.5 SWOT Analysis
13.2.6 Key Strategies
13.3 Rockwell Automation, Inc.
13.3.1 Company Overview
13.3.2 Mounting Type/Business Segment Overview
13.3.3 Financial Updates
13.3.4 Key Developments
13.3.5 SWOT Analysis
13.3.6 Key Strategies
13.4 Teledyne Relays, Inc.
13.4.1 Company Overview
13.4.2 Mounting Type/Business Segment Overview
13.4.3 Financial Updates
13.4.4 Key Developments
13.4.5 SWOT Analysis
13.4.6 Key Strategies
And more
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