SSRs (Solid State Relays) Market to Reach 1260 Million US in 2025, Increasing of Industrial Automation Equipment, Building Automation to Enhance Growth.

This study researches the market size of SSRs (Solid State Relays) in United States, European Union and China, presents the SSRs (Solid State Relays) production, consumption, value, product price, market share and growth rate by companies, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2013 to 2018.

SSRs (Solid State Relays) have no movable contacts. SSRs are not very different in operation from mechanical relays that have movable contacts. SSRs, however, employ semiconductor switching elements, such as thyristors, triacs, diodes, and transistors.

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SSRs consist of electronic parts with no mechanical contacts. Therefore, SSRs have a variety of features that mechanical relays do not incorporate. The greatest feature of SSRs is that SSRs do not use switching contacts that will physically wear out.

SSRs are ideal for a wide range of applications due to the following performance characteristics.

In the coming years there is an increasing demand for Solid State Relay in the regions of China, North America and Europe that is expected to drive the market for more advanced Solid State Relay. Increasing of Industrial Automation Equipment, Building Automation fields expenditures, More-intense competition, Launches in introducing new products, Retrofitting and renovation of old technology, Increasing adoption of Solid State Relay will drive growth in China, United States and Europe markets.

There are many manufacturers including OMRON, Panasonic, Crydom, Fujitsu Limited, Jinxinrong, IXYS, AVAGO, TE, CELDUC, Sharp, Siemens, Rockwell Automation, OPTO22, Schneider, Carlo gavazzi, JiangSu GlOD Electrical Control Technology, Vishay, Bright Toward and CLION, The largest manufacturer is OMRON, whose market share is 13.53% in 2017.

The consumption volume of Solid State Relay is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Solid State Relay industry may not keep that fast. But it is surely forecasted that the market of Solid State Relay is still promising.

In 2018, the market size of SSRs (Solid State Relays) is 840 million US$ and it will reach 1260 million US in 2025, growing at a CAGR of 5.3% from 2018; while in China, the market size is valued at xx million US$ and will increase to xx million US in 2025, with a CAGR of xx% during forecast period.

In this report, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for SSRs (Solid State Relays).

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In United States, European Union and China market, the following companies are covered:

OMRON

Panasonic

Crydom

Fujitsu Limited

Jinxinrong

IXYS

AVAGO

TE

CELDUC

Sharp

Siemens

Rockwell Automation

OPTO22

Schneider

Carlo gavazzi

JiangSu GlOD Electrical Control Technology

Vishay

Bright Toward

CLION

Market Segment by Product Type

Panel Mount

DIN Rail Mount

PCB Mount

Others

Market Segment by Application

Industrial Automation Equipment

Building Automation

Home Appliances

Power & Energy

Others

Key Regions split in this report:

United States

China

European Union

Rest of World (Japan, Korea, India and Southeast Asia)

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The study objectives are:

To analyze and research the SSRs (Solid State Relays) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.

To present the key SSRs (Solid State Relays) manufacturers, presenting the sales, revenue, market share, and recent development for key players.

To split the breakdown data by regions, type, companies and applications

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

In this study, the years considered to estimate the market size of SSRs (Solid State Relays) are as follows:

History Year: 2013-2018

Base Year: 2017

Estimated Year: 2018

Forecast Year 2018 to 2025

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