Electromechanical and Solid State Relay market 2015 to grow at a CAGR of 5.50% by 2019: Market Research Store

Deerfield Beach, FL -- (SBWire) -- 09/21/2015 --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. Global Electromechanical and Solid State Relay market to grow at a CAGR of 5.50% over the period 2014-2019. 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.

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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

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

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Key Vendors

ABB
Alstom Power
GE

Other Prominent Vendors

Littelfuse
Mitsubishi Electric
NR Electric
Schneider Electric
SEL
Siemens

Important Questions Answered in report:-

What will the expected Compound Annual Growth Rate For "Electromechanical and Solid-state Relay Market"?
What will the Electromechanical and Solid-state Relay Market size be in 2019?
What is driving this market?
What are the challenges related to Electromechanical and Solid-state Relay Market growth?
What are the key market trends?
Who are the key vendors in Electromechanical and Solid-state Relay Market area?
What are the market opportunities?
What are the strengths as well as weaknesses of the key vendors?
Which are the threats faced by the key vendors?