DUBLIN--(BUSINESS WIRE)--The "Global Solid State Contactors Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Global solid state contactors (SSCs) market is projected to witness a CAGR of 4.92% during the forecast period to reach a total market size of US$4.951 billion by 2023, increasing from US$3.712 billion in 2017.
The rise in demand for the automation technology is exponentially driving the growth of global solid-state contactors market. SSCs use semiconductors, therefore, the boosting semiconductor industry is one of the major market drivers. Use of advanced processing equipment in industries such as food and beverage, automotive, and manufacturing incorporate high heating or motion control applications during the production processes, this is further leading towards the global solid state contactors market growth.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research.
- Crydom Inc.
- Mitsubishi Electric Corporation
- Schneider Electric
- OMRON Corporation
- Siemens AG
- PHOENIX CONTACT
- General Electric
- Rockwell Automation, Inc.
- Fuji Electric Co., Ltd.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Global Solid State Contactors Market By Type
6. Global Solid State Contactors Market By Application
7. Global Solid State Contactors Market By Industry Vertical
8. Global Solid State Contactors Market By Geography
9. Competitive Intelligence
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/3tp75z/global_solid?w=4