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Solid State Relay Market Up-to-Date Analysis of Market Trends and Technological Improvements 2015 - 2025

01-28-2019 07:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Solid State Relay Market Up-to-Date Analysis of Market Trends

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.

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.

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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.

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.

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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.

About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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