Global Solid State Relay 2021 Global Market Analysis and Forecasts to 2025

Posted by MRFR on March 19th, 2021

Solid State Relay Market 2021-2025

New Study Reports " Solid State Relay Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2025" 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.

Drivers and Constraints                               

The fundamental dynamics that are explored in the report hold substantial influence over the Solid State Relay market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.

This report also analyzes the impact of Coronavirus COVID-19 on the Solid State Relay industry.

According to Market Research Future, the market for Solid State Relays has been segmented on the basis of type, operating system, distribution channel, input device, and region.

Key Players

The report has profiled some of the Important players prevalent in the global like – The Key Players in the Solid State Relay Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Omega Engineering Inc. (US), Omron Corporation (Japan), Fujitsu Limited (Japan), ABB Ltd (Switzerland), General Electric (US), Fairchild Semiconductor (US), STMicroelectronics  (Switzerland), Crydom Inc. (US), Celduc Relais (France), Infineon Technologies AG (Germany), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), Avago Technologies, Ltd (US), Carlo Gavazzi Holding AG (Switzerland), and Vishay Intertechnology (Siliconix) (US). These players contribute a significant share in the growth of the global solid state relay market 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.

Complete Report Details@

By mounting type, the global solid state relay market has been segmented into panel mount, PCB mount, DIN rail mount, and others. Among these products, the DIN rail mounting type is estimated to witness the largest growth during the forecast period. This type of mounting is used for circuit breakers and industrial control equipment inside equipment racks. Since the structure of these mounts is designed as per industry standards, it is highly accepted across geographies.

Based on output voltage, the global solid state relay market has been segmented into AC solid state relay, DC solid state relay, and AC/DC solid state relay. Among the above-mentioned segments, the AC/DC solid state relay segment is estimated to grow with the fastest rate during the forecast period 2019–2025. One of the major reasons contributing to the growth of this segment is the adoption of AC/DC solid state relay in control system applications.

On the basis of the current rating, the global solid state relay market has been segmented into low (0–20A), medium (20A–50A), and high (50A & above). Among these segments, the market for low current rating of solid-state relays is estimated to grow at the fastest rate during the forecast period. The demand for thermostats in devices that generate continuous heat has encouraged the adoption of solid-state relays with low current rating.

By application, the global solid state relay market has been segmented industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical devices, food & beverages, and others. Among these applications, the automotive & transportation segment is estimated to witness the fastest growth during the forecast period. This is due to increasing demand for electric vehicles, advanced driver assistance systems (ADAS), and infotainment systems which are usually battery operated and deployed for several switching applications.

By region, the Global Solid State Relay Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. Among these regions, the North American region is expected to dominate the global market during the forecast period, whereas, the Asia-Pacific region is estimated to witness the fastest growth during the forecast period, 2019–2025.

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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Joined: March 17th, 2021
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