Solid State Relay Market Competitive Research And Precise Outlook 2021 To 2026

Latest released, the research study on Global Solid State Relay Market Report Forecast 2021 - 2026, offers a detailed overview of the factors influencing the global business scope. Solid State Relay Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Solid State Relay. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Rockwell Automation Inc., Alstom Power, ABB Ltd, General Electric, and Omron Corporation.

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

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Industry News:

- 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.

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.
- Virginia-based Weidmuller offers the TERMOPTO solid-state relay modules, which are used in industrial applications where electrical isolation and signal conditioning is sufficient. The highly compact solid-state relays in modular terminal block design is used for simple decoupling of digital signals.

Segment by Type
Transformer Isolation Type
Photoelectric Isolation Type
Hybird

Segment by Application
Communications
Industrial
Automotive
Home Appliances
Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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North America is Expected to Gain Significant Market Share

- The solid-state replay market in North America is expected to have a significant growth due to the increasing investment in the manufacturing of electronic devices and equipment used in various industries, as well as the increase in the number of data centers and power plants across the United States and Canada.
- Solid-state relay is employed in various industrial process control systems such as power storage battery, smart grid, solar power plants, and quick charger stations to protect the central system from excessive current flow.
- Ongoing development in the automotive sector and the growing sensitivity of various governments toward a cleaner environment has flooded the road of North America with electric vehicles. According to the Department of Energy (DOE) reports 2019, there are more than 68,800 Level 2 and DC fast charging units throughout the United States and out of that 16% are DC fast chargers that make long-distance travel more practical for electric vehicles as compare to 16,000 public electric vehicle charging stations in 2017.
- California has the maximum number of electric vehicle charging units (22,620) and represents about a third of the nationwide share. Hence, the rapid adoption of electric vehicles has fueled the demand for solid-state relay impressively and also promises a great opportunity ahead.

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-Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

-Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

-Market value USD Million and volume Units Million data for each segment and sub-segment

-Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

-Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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