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 target audience for solid state relay market report includes SSRs providers, end users of solid state relay devices, associations, organizations, forums, and alliances related to the solid state relay devices, and technology provides.

This report details the entire value chain and supply chain of the solid state relay market. It also focuses on the parent market and identifies potential applications for the market. The report also covers drivers, restraints, and opportunities for the said market. The report is based on an extensive research study of the market and aims to identify the market for various applications of solid state relays. The report covers the overall market and its sub segments through extensively detailed classifications, in terms of the market size.

This report aims to provide a bird’s eye-view of the entire solid state relay market with detailed market segmentations, combined with the qualitative analysis of various classifications done on the basis of mounting type, output, application, and geography. The market has been estimated and forecast till 2020, in order to estimate its growth prospects and potential.

The market has been segmented based on mounting type, output, application, and geography. It has been segmented based on application into building equipment, energy & infrastructure, food & beverage, industrial OEMs, automotive & transportation, medical, and industrial automation. Building equipment, industrial OEMs, and automotive & transportation are the fastest-growing application sectors in the said market.

The APAC is the largest market for solid state relays and is growing at a CAGR of 6.17% from 2015 to 2020. The said market in the China is expected to grow at the highest CAGR, its growth is expected to be driven by growing applications in industrial automation, building equipment, and industrial OEMs sectors.

Market Scope:

In this report, the solid state relay market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Market, by Mounting Type: Panel mount, PCB mount, and DIN rail mount.
Market, by Output: AC output SSRs, DC output SSRs, and AC/DC output SSRs.
Market, by Application: Building equipment, energy & infrastructure, food & beverage, industrial OEMs, automotive & transportation, medical, and industrial automation.
Market, by Geography: North America (sub segmented into the U.S., Canada, and Mexico), Europe (sub segmented into the U.K., Germany, France, and others), Asia-Pacific (sub segmented into China, Japan, South Korea, India, and others), and the Rest of the World (sub segmented into Latin America and the Middle East)
Competitive Landscape: Market ranking analysis.
Company Profiles: Detailed analysis of the major companies present in the solid state relay market.

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