Global Electromechanical and Solid-state Relay Market 2015-2019

About Electromechanical and Solid State Relay Device
A relay is a device designed for use in electrical circuits to register overcurrent, overvoltage, reverse power flow, and over- and under-frequency in order to avoid any major accidents or flashovers. It trips the circuit breaker when a fault is detected. If there is any discrepancy or abnormality in the voltage or current, the relay detects it and triggers an alarm. A circuit breaker is then used to switch the electrical power off to avoid damage to the system. There are different kinds of relays such as electromechanical relays and digital relays. Solid state relays are electronic switching devices that operate on application of a small external voltage across their control terminals. Solid state relays are smaller than electromechanical relays and are more reliable as they do not have any moving parts.

TechNavio's analysts forecast the Global Electromechanical and Solid State Relay market to grow at a CAGR of 5.50 percent over the period 2014-2019.

Covered in this Report
This report covers the present scenario and growth prospects of the Global Electromechanical and Solid State Relay market for the period 2015-2019. This report considers revenue obtained from:

• Sales of Electromechanical and Solid State Relay
• Support
• Maintenance
• Service

TechNavio's report, Global Electromechanical and Solid State Relay Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and growth prospects of the Global Electromechanical and Solid State Relay market in the APAC, Americas, and EMEA regions over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions
• Americas
• APAC
• EMEA

Key Vendors
• ABB
• Alstom Power
• GE

Other Prominent Vendors
 • Littelfuse
• Mitsubishi Electric
• NR Electric
• Schneider Electric
• SEL
• Siemens

Market Driver
• Increased Investment in Renewable Energy Sources
• For a full, detailed list, view our report

Market Challenge
• Stringent Government Regulations and Enhanced Industry Standards
• For a full, detailed list, view our report

Market Trend
• Steady Shift from Electromechanical Relays to Digital Relays
• For a full, detailed list, view our report

Key Questions Answered in this Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?