1 / 6

Solid State Relay Market is expected to reach at a Higher CAGR between 2019-2024

A solid state relay is a switching relay that is mounted on panel, PCB, or DIN Rail that helps switching and protection in various applications, such as industrial automation, building equipment, industrial OEM, energy and infrastructure, automotive and transportation, medical, and food & beverages. The output voltages of solid state relays include AC, DC, and AC/DC. Solid state relays are available in low, medium, and high current ratings. <br>https://www.marketsandmarkets.com/Market-Reports/solid-state-relay-market-260413598.html

robertemma27
Download Presentation

Solid State Relay Market is expected to reach at a Higher CAGR between 2019-2024

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. MarketsandMarkets Presents Solid State Relay Market is expected to reach at a Higher CAGR between 2019-2024 Solid State Relay Market by Mounting Type (Panel, PCB, DIN Rail), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Application (Industrial Automation, Building Equipment, Industrial OEM), and Geography - Global Forecast to 2024 https://www.marketsandmarkets.com/Market-Reports/solid-state-relay-market-260413598.html

  2. A solid state relay is a switching relay that is mounted on panel, PCB, or DIN Rail that helps switching and protection in various applications, such as industrial automation, building equipment, industrial OEM, energy and infrastructure, automotive and transportation, medical, and food & beverages. The output voltages of solid state relays include AC, DC, and AC/DC. Solid state relays are available in low, medium, and high current ratings. The Solid State Relay Market growth is mainly attributed to increasing digitization and automation in the consumer electronics industry; growing modernization of electric vehicles; robust features of SSR, such as high switching frequency and resistance to shock and vibration; and low noise while operating, long operating life, and low maintenance and compact size of SSR. The solid state relay market is expected to reach USD 1.6 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 5.7%. Crydom (US), Omron Corporation (Japan), and Carlo Gavazzi (Switzerland) are the leading players in the solid state relay market. Browse 65 market data Tables and 66 Figures spread through 165 Pages and in-depth TOC on "Solid State Relay Market - Global Forecast to 2024"

  3. Crydom is among the leading market players manufacturing solid state relays. The company specializes in providing a wide range of off-the-shelf solid state relays, contractors, and related products along with customized solid state switching solutions. It operates as a subsidiary of Sensata Technologies. The products offered by Crydom are supplied to markets, which include building equipment, energy & infrastructure, food & beverages, industrial OEM, medical, and transportation. Crydom mainly adopts the strategy of product launches to expand its product portfolio and meet customer demands. For instance, in March 2017, the company launched the PMP Series of proportional control relays. In November 2016, the company launched EL Series AC and DC output solid state relays. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260413598 Omron Corporation is a major player in the solid state relay market. The company has a huge product portfolio of solid state relays. Besides solid state relays, the company manufactures terminal relays, I/O relay terminals, and power controllers. The R&D investments of the company have increased from 6.3% of the total revenue in 2015 to 6.9% of the total revenue in 2017. This indicates the company is focusing on the advancement of its product portfolio. The company has its manufacturing facilities in Japan, China, and the Netherlands, and distribution centers across the world.

  4. Carlo Gavazzi is a major player in the sold state relay market involved in designing and manufacturing innovation solutions in this market. The company’s products are manufactured in its ISO 9001 certified factories. Carlo Gavazzi has 6 R&D manufacturing centers across the world. The company serves its clients in regions such as Europe, North America, and APAC through its 22 sales companies and 60 independent national distributors. The company adopts the strategy of product launches to expand its product portfolio, which would help the company in expanding its customer base and increase market share. For instance, in November 2018, the company launched a new product—RGC3 48 series. The company has increased its investments in R&D from 4.3% in 2015 to 4.6% in 2017, which denotes that the company plans to further come up with new and advanced products in the solid state relay market. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=260413598 Major players involved in the solid state relay market include Carlo Gavazzi (Switzerland), Omron Corporation (Japan), Vishay Intertechnology (US), Crydom (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), CelducRelais (France), IXYS Integrated Circuits Division (US), Teledyne Relays (US), Ametek (US), Arico Technology (Taiwan), Connectwell Industries (India), Eaton (Ireland), Emtech Solutions (India), Panasonic (Japan), Phoenix Contact (Germany), and TE Connectivity (Switzerland).

  5. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

  6. Contact Us Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 Email:newsletter@marketsandmarkets.com For More Info: https://www.marketsandmarkets.com/PressReleases/solid-state-relay.asp

More Related