Global Solid State Relay Market Analysis, Trends, and Forecasts 2019-2025

10/2, 1:51 PM (Source: GlobeNewswire)

Dublin, Oct. 02, 2019 (GLOBE NEWSWIRE) -- The "Solid State Relay - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Solid State Relay market worldwide is projected to grow by US$458.3 Million, driven by a compounded growth of 5.6%.

Solid State Relay, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.5 Billion by the year 2025, Solid State Relay will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 6.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$23.1 Million to the region's size and clout in the next 5 to 6 years. Over US$73.2 Million worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, Solid State Relay will reach a market size of US$102.6 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5.3% over the next couple of years and add approximately US$77.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include the following, among others:

  • Broadcom Ltd. (USA)
  • Carlo Gavazzi Holding AG (Switzerland)
  • Celduc Relais (France)
  • Crydom, Inc. (USA)
  • Fujitsu Ltd. (Japan)
  • Ixys Integrated Circuits Division Inc. (USA)
  • Omega Engineering, Inc. (USA)
  • Omron Corporation (Japan)
  • Rockwell Automation, Inc. (USA)
  • Teledyne Relays (USA)
  • Vishay Intertechnology, Inc. (USA)

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Solid State Relay Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

  • Market Facts & Figures
  • US Solid State Relay Market Share (in %) by Company: 2019 & 2025

CANADA

JAPAN

CHINA

EUROPE

  • Market Facts & Figures
  • European Solid State Relay Market: Competitor Market Share Scenario (in %) for 2019 & 2025

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION

V. CURATED RESEARCH

For more information about this report visit https://www.researchandmarkets.com/r/aao4o0

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