DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/h396cj/solid_state_relay) has announced the addition of the "Solid State Relay Market by mounting (Panel, PCB, DIN Rail), output (AC, DC, and AC/DC), application (Building Equipment, Industrial Automation, and Others) and Geography (North America, Europe, APAC and RoW) - Global forecast to 2020" report to their offering.
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. The solid state relays can be designed to switch either AC or DC to the load and have features such as small size, long operating life, and low noise while operating which makes it ideal to be used in the wide range of applications. The solid state relay market is highly competitive and comprises a few leading players including mid-tier companies and start-up firms.
The APAC solid state relay market is expected to reach USD 485.3 million by 2020, at a CAGR of 6.17 %. Industrial automation, building equipment, and industrial OEMs sectors are the three major applications of solid state relays. In 2014, the industrial automation sector accounted for the largest share of nearly 26% of the market.
The solid state relay market is expected to grow at a CAGR of 5.53% from 2015 to 2020. The said market in APAC region is expected to witness the highest growth because of the presence of a large number of industrial automation equipment and building equipment manufacturers in this region.
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Solid State Relay Market, By Mounting Type
- Solid State Relay Market, By Application
- Solid State Relay Market, By Output
- Solid State Relay Market, By Geography
- Competitive Landscape
- Company Profiles
- Avago Technologies
- Celduc Relais
IXYS Integrated Circuits Division
- Rockwell Automation
- Teledyne Relays
- Vishay Intertechnology
For more information visit http://www.researchandmarkets.com/research/h396cj/solid_state_relay