DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Solid State Relay Market - Forecasts from 2017 to 2022" report to their offering.
Solid State Relay Market is projected to witness a compound annual growth rate of 6.90% to reach a total market size of US$1.176 billion by 2022, from US$0.843 billion in 2017.
Steady shift from Electromagnetic relays to Solid State Relays on account of various advantages it offers like the smaller size, more reliable due to the absence of any moving part, high performance and low noise have led to increased demand for these relays and in turn, is creating opportunities for vendors.
Increased investment in renewable energy sources and demand of upgrading power infrastructure in developed nations are some of the other key factors driving the market growth. Solid State relays are increasingly being used in industrial automation and OEMs sector owing to the benefits like high switching frequency and resistance to shock and vibration. Asia Pacific is the largest market in terms of revenue and is expected to continue its dominance over the next five years.
Key industry players profiled are Crydom, Carlo Gavazzi Holding, IXYS Integrated Circuits Division, Vishay Intertechnology, Omron Corporation, Broadcom Limited, Fujitsu, Rockwell Automation, and Teledyne Relays.
By Mounting Type
- Panel mount
- Din rail mount
- PCB mount
- By Output Type
- AC relay
- DC relay
By End User Industry
- Food and Beverage
- Energy and Power
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Solid State Relay Market Forecast by Mounting Type (US$ billion)
6. Solid State Relay Market Forecast by Output Type (US$ billion)
7. Solid State Relay Market Forecast by End User Industry (US$ billion)
8. Solid State Relay Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- Carlo Gavazzi Holding
- IXYS Integrated Circuits Division
- Vishay Intertechnology
- Omron Corporation
- Broadcom Limited
- Rockwell Automation
- Teledyne Relays
For more information about this report visit http://www.researchandmarkets.com/research/bslqbf/solid_state_relay