Solid State Relay Market Segments, Opportunity, Growth and Forecast by End-Use Industry 2015-2025

Solid state relay market: Introduction & Overview

Power or electricity is the vital component of the society. Considering the amount of power used for completing the day-to-day activities and industrial operations, power outage can bring all the regular operations to standstill. Strong industrial growth across the globe is also leading to increasing usage and congestion of electricity. Solid state relays are invented to resolve these issues.

Solid state relay is an ON-OFF semiconductor device which is used to switch electricity to the load when an external voltage is applied across its terminals. In solid state relay there is no movable part alike mechanical relays. Some of the examples of solid state relays are given as; an SCR, power transistor & TRIAC. Solid state relays are often more energy efficient switches as it consumes less energy in triggering from ON condition to OFF or vice versa. Solid state relays are often used in electrical industries because of the advantages provided as; low switching time, higher breakdown voltage & low switching loss in order to make electric current system more efficient.

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Solid state relay market: Dynamics

Now a days, Research and development is more oriented towards automated, compact and low maintenance products. The solid state relay market acquires a great potential across various applications. The key drivers responsible in the growth of solid state relay market include the demand of upgrading aging power of infrastructure in developed regions, increment in the establishment of offshore Wind farm, also the more number of startup companies providing solutions along with the advantages provided by sold state relay as more flexible &/or higher performance nature, small in size & less maintenance are some of them. On the contrary side higher cost factor, higher level of expenditure, higher thermal dissipation of solid...