Solid State Relay Market 2021 Competitive Insights and Outlook- Rockwell Automation Inc., ABB Ltd, Alstom Power, Sensata Technologies, General Electric, Omron Corporation, Fujitsu Limited

The report presents an in-depth assessment of the Global Solid State Relay Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Solid State Relay investments from 2021 till 2026. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.        

The solid-state relay market is expected to register a CAGR of 5% over the forecast period (2021 - 2025).

The Global Solid State Relay market is highly competitive and consists of a number of major players. Companies like Rockwell Automation Inc., ABB Ltd, Alstom Power, Sensata Technologies, General Electric, Omron Corporation, Fujitsu Limited, Teledyne Relays Inc., Avago Technologies Ltd, Omega Engineering Inc., Crydom Inc., Celduc Relais., Littelfuse, Mitsubishi Electric, NR Electric, IXYS Integrated Circuits Amongst Others.

Key Developments:

- March 2020 Fujitsu announced its plan to launch a new company that combines its divisions in charge of the business with local government, medical and educational institutions in Japan with Fujitsu Marketing Ltd. The company aims to expand its domestic business in the Japanese service market, where it holds the top share. It accelerates the advancement of ICT in local governments, medical institutions, educational institutions, and second-tier, small and medium-sized enterprise customers in the private sector. The new company will launch on July 1st. It will play a key role in accelerating the creation of new business while and efforts to resolve a variety of social issues confronting local communities.
- March 2020 Alstom has contracted with Romanian state rail carrier to provide digital train control, traffic management, and electrification infrastructure as part of the rehabilitation and modernization of a section of the European Rhine-Danube rail corridor in Romania. It covers the modernization of approximately 170 kilometers of railway infrastructure for passenger trains operating at up to 160 km/h. It includes infrastructure and superstructure rehabilitation, electrification, signaling and telecommunication systems, including GSM-R, as well as civil works. The project is expected to last four years.

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Scope of the Report:

A solid-state relay is an electronic switching device that uses the electrical and optical properties of solid-state semiconductors to switch on or off when a small external voltage is applied across its control terminals. They are mostly used to avoid any significant accidents or flashovers as it trips the circuit breaker when a fault is detected and prevents damage to the central system. These do not have moving parts, unlike electromechanical relay, to wear out, and thus, they have a long self-life.
- The demand for low-cost, accurate, small-size, bounce less operation and long self-life of protective systems have increased during the last decade in industrial, automotive, energy and infrastructure, healthcare, and building equipment. Increase demand to upgrade the power infrastructure in developed countries to reduce the heat generation through thermal dissipation with the usage of solid-state relays is expected to drive the market.

Key Market Trends:

Industrial Automation Segment to Witness Significant Growth

- Since its introduction, the Solid state relay technology has gained acceptance in many areas that had previously been the sole domain of the EMR or the Contractor. The major growth areas have come from Industrial Process Control applications; particularly heat/cool temperature control, motors, lamps, solenoids, valves and transformers.
- Solid state relays are compatible with a variety of control systems and are immune to magnetic noise; their solid-state nature means they mount in various orientation and they are also impervious to heavy vibration, which makes them a perfect fit for automation in industries.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global Solid State Relay Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Global Solid State Relay Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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