Market Overview:
The global photorelays market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for miniaturization and higher efficiency in electronic devices, rising demand for semiconductor test measurement and telecommunication, and growing adoption of photorelays in medical and military applications. However, high initial cost associated with the deployment of photorelays may restrain the growth of this market during the forecast period. Based on type, above 20 V segment is expected to account for a major share of global photorelay market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030 due to increasing demand for miniaturization and higher efficiency in electronic devices.
Product Definition:
A photorelay is a device that uses light to switch an electric current on or off. They are often used in solar energy systems to control the flow of electricity from solar panels to batteries. Photorelays can also be used in traffic signals and other safety devices.
Above 20 V and Below 80 V:
The above 20 V and below 80 V segment is expected to grow at a CAGR of XX% in the global photorelays market during the forecast period. The growth can be attributed to factors such as increasing demand for high voltage (HV) power supplies from various end-use industries, growing adoption of renewable energy sources, and rising need for HVAC systems.
Increasing usage of photovoltaic systems in residential.
Above 100 V and Below 200 V:
The photorelays market is expected to grow at a CAGR of XX% during the forecast period. The major factor driving this market is increasing demand for high voltage (over 100 V) and low voltage (below 200 V) power supply in various end-use industries such as defense, aerospace, automotive, etc.
Application Insights:
The market is segmented by application into electric vehicles and power storage system, semiconductor test measurement & telecommunications, medical & military, industrial & security device, and others. The electric vehicles and power storage system segment dominated the global photorelay market in 2017 owing to increasing demand for EVs from various countries such as China, Germany and the U.S., which are major manufacturing hubs of this technology. Countries such as India are also expected to contribute significantly to the growth of this industry over the forecast period due to supportive government policies on Electric Vehicles (EVs).
Photorelay is used in EV applications for protection against short-circuit damage or degradation of insulation properties caused by EMI/RFI radiation or mechanical stress induced through vibrations during vehicle transportation or charging process. It provides reliable insulation between conductors ensuring safe operation even under extreme conditions like high temperature along with enhanced durability compared to conventional methods like fuses etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to increasing demand from end-use industries, such as medical & healthcare, industrial & manufacturing, and security & defense. Moreover, rising penetration of renewable energy sources in the regional power generation sector will drive industry growth.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rapid industrialization and urbanization resulting in increased electricity consumption across emerging economies including China and India. In addition, growing adoption of electric vehicles across these countries will further propel product demand over the next eight years.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Rising demand from the automotive sector
- Growing application of photorelays in consumer electronics products
- Proliferation of LED lighting technology
- Emerging markets such as China and India offer immense potential for growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Photorelays Market Research Report
By Type
Above 20 V and Below 80 V, Above 100 V and Below 200 V, Above 200 V and Below 350 V, Above 350 V
By Application
EV & Power Storage System, Semiconductor Test Measurement & Telecommunication, Medical & Military, Industrial & Security Device, Others
By Companies
Panasonic, OMRON, Toshiba, NEC, IXYS, BRIGHT TOWARD, COSMO Electronics, Okita Works
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Photorelays Market Report Segments:
The global Photorelays market is segmented on the basis of:
Types
Above 20 V and Below 80 V, Above 100 V and Below 200 V, Above 200 V and Below 350 V, Above 350 V
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
EV & Power Storage System, Semiconductor Test Measurement & Telecommunication, Medical & Military, Industrial & Security Device, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Panasonic
- OMRON
- Toshiba
- NEC
- IXYS
- BRIGHT TOWARD
- COSMO Electronics
- Okita Works
Highlights of The Photorelays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Above 20 V and Below 80 V
- Above 100 V and Below 200 V
- Above 200 V and Below 350 V
- Above 350 V
- By Application:
- EV & Power Storage System
- Semiconductor Test Measurement & Telecommunication
- Medical & Military
- Industrial & Security Device
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photorelays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photorelays are a type of digital imaging that create images by scanning an original image and then reproducing it as a series of electronic pixels.
Some of the major players in the photorelays market are Panasonic, OMRON, Toshiba, NEC, IXYS, BRIGHT TOWARD, COSMO Electronics, Okita Works.
The photorelays market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Photorelays Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photorelays Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photorelays Market - Supply Chain
4.5. Global Photorelays Market Forecast
4.5.1. Photorelays Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photorelays Market Size (000 Units) and Y-o-Y Growth
4.5.3. Photorelays Market Absolute $ Opportunity
5. Global Photorelays Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Photorelays Market Size and Volume Forecast by Type
5.3.1. Above 20 V and Below 80 V
5.3.2. Above 100 V and Below 200 V
5.3.3. Above 200 V and Below 350 V
5.3.4. Above 350 V
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Photorelays Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Photorelays Market Size and Volume Forecast by Application
6.3.1. EV & Power Storage System
6.3.2. Semiconductor Test Measurement & Telecommunication
6.3.3. Medical & Military
6.3.4. Industrial & Security Device
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Photorelays Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Photorelays Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Photorelays Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Photorelays Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Photorelays Demand Share Forecast, 2019-2026
9. North America Photorelays Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Photorelays Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Photorelays Market Size and Volume Forecast by Application
9.4.1. EV & Power Storage System
9.4.2. Semiconductor Test Measurement & Telecommunication
9.4.3. Medical & Military
9.4.4. Industrial & Security Device
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Photorelays Market Size and Volume Forecast by Type
9.7.1. Above 20 V and Below 80 V
9.7.2. Above 100 V and Below 200 V
9.7.3. Above 200 V and Below 350 V
9.7.4. Above 350 V
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Photorelays Demand Share Forecast, 2019-2026
10. Latin America Photorelays Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Photorelays Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Photorelays Market Size and Volume Forecast by Application
10.4.1. EV & Power Storage System
10.4.2. Semiconductor Test Measurement & Telecommunication
10.4.3. Medical & Military
10.4.4. Industrial & Security Device
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Photorelays Market Size and Volume Forecast by Type
10.7.1. Above 20 V and Below 80 V
10.7.2. Above 100 V and Below 200 V
10.7.3. Above 200 V and Below 350 V
10.7.4. Above 350 V
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Photorelays Demand Share Forecast, 2019-2026
11. Europe Photorelays Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Photorelays Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Photorelays Market Size and Volume Forecast by Application
11.4.1. EV & Power Storage System
11.4.2. Semiconductor Test Measurement & Telecommunication
11.4.3. Medical & Military
11.4.4. Industrial & Security Device
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Photorelays Market Size and Volume Forecast by Type
11.7.1. Above 20 V and Below 80 V
11.7.2. Above 100 V and Below 200 V
11.7.3. Abve 200 V and Below 350 V
11.7.4. Above 350 V
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Photorelays Demand Share, 2019-2026
12. Asia Pacific Photorelays Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Photorelays Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Photorelays Market Size and Volume Forecast by Application
12.4.1. EV & Power Storage System
12.4.2. Semiconductor Test Measurement & Telecommunication
12.4.3. Medical & Military
12.4.4. Industrial & Security Device
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Photorelays Market Size and Volume Forecast by Type
12.7.1. Above 20 V and Below 80 V
12.7.2. Above 100 V and Below 200 V
12.7.3. Above 200 V and Below 350 V
12.7.4. Above 350 V
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Photorelays Demand Share, 2019-2026
13. Middle East & Africa Photorelays Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Photorelays Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Photorelays Market Size and Volume Forecast by Application
13.4.1. EV & Power Storage System
13.4.2. Semiconductor Test Measurement & Telecommunication
13.4.3. Medical & Military
13.4.4. Industrial & Security Device
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Photorelays Market Size and Volume Forecast by Type
13.7.1. Above 20 V and Below 80 V
13.7.2. Above 100 V and Below 200 V
13.7.3. Above 200 V and Below 350 V
13.7.4. Above 350 V
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Photorelays Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Photorelays Market: Market Share Analysis
14.2. Photorelays Distributors and Customers
14.3. Photorelays Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Panasonic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. OMRON
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toshiba
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NEC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. IXYS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BRIGHT TOWARD
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COSMO Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Okita Works
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
