Global Solid State Relays Market: Brief Account
The global solid state relays market is predicted to achieve impetus on the back of a number of applications taking shape in the recent years. Their low noise levels during operation, extended operational life, and small size could help solid state relays to find more applications in the coming years. Another factor that could augment demand for solid state relays is the availability of free maintenance. No contact arcing and bounce, resistance to vibration and shock, and high switching frequency of solid state relays are expected to help the market to gather more demand during the course of the forecast period 2018-2026.
Companies are observed to extend the application of their products to end-use industries other than the usual ones. For instance, Sensata Technologies’ NOVA22 family now has a new member, i.e. Crydom DR45 Series solid state relays that will be used for applications in railway vehicles, heating, ventilation, and air conditioning (HVAC), and industrial machinery.
As per the report, the global solid state relays market could be split into different segments according to output, application, and mounting type. The report also sheds light on geographical segmentation of the market.
The report offers a catholic account of the global solid state relays market with key focus on market dynamics, market segmentation, and competitive landscape. It comes out as a useful guideline for players to gain a strong foothold in the market.
Global Solid State Relays Market: Trends and Opportunities
Companies operating in the world solid state relays market are foreseen to have increased inclination toward research and development of low maintenance, compact, and automated products. In developed countries, there is massive demand for the upgrade of aging power infrastructure, which could be cashed in on to increase the application of solid state relays. Rising count of startups offering innovative and affordable solutions in the market and increase in the number of offshore farms are prognosticated to set the tone for substantial growth in the market.
Global Solid State Relays Market: Geographical Analysis
Asia Pacific is projected to make its presence known in the international solid state relays market with its impressive revenue share. The region witnesses the presence of a telling count of building and industrial automation equipment vendors, which is forecasted to work in the favor of the regional market. The region could also benefit from the rise of applications in the industrial sector, building equipment, and industrial automation. The global market could also find other regions such as Europe and North America important for its overall growth as they make their individual contributions.
Global Solid State Relays Market: Companies Mentioned
The international solid state relays market marks the presence of startups as well as mid-tier firms. The vendor landscape could be highly competitive though due to various reasons. The market includes leading companies such as Omega Engineering, Inc., IXYS Integrated Circuits Division, Inc., Celduc Relais, Vishay Intertechnology, Inc., and Omron Corporation. All of the companies profiled in the report are studied based on different factors such as recent developments.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.