According to a new market research report “Solid State Relay Market by mounting (Panel, PCB, DIN Rail), by output (AC, DC, and AC/DC), by application (Building Equipment, Industrial Automation, and Others) and by Geography (North America, Europe, APAC and RoW) - Global forecast to 2020”, the solid state relay market is expected to reach USD 1,138.8 Million by 2020, at a CAGR of 5.53% from 2015 to 2020.
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Solid state relays are semiconductor devices that are used to switch electricity to a load when a small external voltage is applied across its control terminals. They are very similar to an opto coupled devices but with a variation that these device use MOSFET transistors as the switching device. Solid state relays are widely used in sectors such as industrial automation, building equipment, industrial OEMs, and others.
The relay market mainly consists of electromechanical relays, solid state relays, and automotive relays. This report focusses on solid state relays which are semiconductor devices that are used to switch electricity to a load when a small external voltage is applied across its control terminals. These relays have features such as small size, long operating life, low noise while operating, high switching frequency, and vibration and shock resistance which makes it preferable over other types of relays. The solid state relays market was valued at USD 823.0 Million in 2014 and is expected to reach USD 1,138.8 million by 2020, at a CAGR of 5.53% from 2015 to 2020.
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The report segments the solid state relay market on the basis of mounting type, output, application, and geography. Furthermore, it estimates and forecasts the market, along with analyzing various trends in the same. The market has been segmented based on geography into North America, Europe, APAC, and RoW. These regions have been further split into respective countries which comprise the market for this product. Furthermore, North America has been segmented into the U.S., Canada, and Mexico; Europe comprises the U.K, Germany, France, Italy, Spain, and others; APAC comprises Japan, China, South Korea, India, and others; and RoW includes the Middle East & Africa, and Latin America. The market overview section of the report includes the drivers, restraints, opportunities, and current market trends along with the technologies expected to revolutionize the said market.
The solid state relay market has been segmented based on application into building equipment, energy & infrastructure, food & beverage, industrial OEMs, automotive & transportation, medical, and industrial automation. The market has also been segmented based on mounting type into panel mount, PCB mount, and DIN rail mount; and based on output into AC output SSRs, DC output SSRs, and AC/DC output SSRs.
This report focuses on providing an in-depth insight into the overall solid state relay market, along with detailed market segmentations combined with the qualitative analysis of the market and its segmentation on the basis of mounting type, output, application, and geography. The said market has been estimated and forecast till 2020, to identify key revenue pockets for the same.
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The APAC solid state relay market is expected to reach USD 485.3 million by 2020, at a CAGR of 6.17 %. The Chinese solid state relay market is expected to grow at the highest CAGR during the forecast period in the APAC region.
The major players in the solid state relay market include Crydom, Inc. (U.S.), Omron Corporation (Japan), Vishay Intertechnology, Inc. (U.S.), Celduc Relais (France), IXYS Integrated Circuits Division, Inc. (U.S.), Omega Engineering, Inc. (U.S.), Rockwell Automation (U.S.), Fujitsu Limited (Japan), Avago Technologies, Inc. (Singapore), and Carlo Gavazzi Holding AG (Switzerland) among others.
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