Market Overview:
The global solid-state overload relays market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and reliable equipment, growing industrialization and urbanization, and rising investments in renewable energy sources. The thermal overload relay segment is expected to dominate the global solid-state overload relays market during the forecast period. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030.
Product Definition:
A Solid-State Overload Relay is a protection device that uses semiconductor devices, such as transistors, to detect an overload on a motor and open the circuit breaker to interrupt the power supply. The purpose of a Solid-State Overload relay is to provide protection for electric motors by detecting an overload and opening the circuit breaker.
Thermal Overload Relay:
Thermal overload relay is a switching device used to protect electronic devices from damage due to overheating. It works by transferring the heat generated by the device itself to a safe distance, and thus prevents it from burning out. The most common application of this technology is in electric toothbrushes, where if these are left on charge for longer periods, the battery may overheat and die; using thermal overload relay would solve this problem.
Magnetic Overload Relay:
Magnetic overload relay is a device used to interrupt the current flow in the event of an overcurrent situation. It uses magnetic fields for switching operation and it does not require any physical contact between the source of current and target devices. The major advantage of using magnetic overload relay is that there are no moving parts, which makes it more reliable than other types of switches.
Application Insights:
The motors segment dominated the global solid-state overload relays market in 2017. The growth of this segment can be attributed to the growing demand for electric and gas turbines, which require a reliable power source. Moreover, increasing industrialization in emerging economies such as India and China is expected to augment the product demand over the forecast period.
Generators application is projected to witness significant growth over the forecast period owing to its ability of providing protection against electrical transients that may cause damage if any type of load failure occurs while feeding power into an electrical grid or during transmission losses occur in long distance transmission lines.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the increasing demand for reliable power supply in emerging economies such as China and India. The growing industrial sector and surging electricity demand due to rapid urbanization are also likely to drive growth over the forecast period. Furthermore, rising investments by governments of various countries in developing infrastructure projects are anticipated to fuel industry expansion over the coming years.
The European market accounted for a significant share of global revenue in 2017 owing with presence of major manufacturers such as Siemens AG, ABB Ltd., Alstom Grid SAS, General Electric; this can be attributed for high product adoption across end-use industries including oil & gas and water treatment among others.
Growth Factors:
- Increasing demand for energy-efficient and reliable electrical equipment
- Rapid industrialization and urbanization in developing countries
- Rising concerns over safety and security of electrical systems
- Growing investments in smart grid infrastructure worldwide
- Proliferation of renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid-State Overload Relays Market Research Report
By Type
Thermal Overload Relay, Magnetic Overload Relay
By Application
Generators, Motors, Capacitor, Other
By Companies
ABB, Schneider Electric, Eaton, Siemens, General Electric, Mitsubishi Electric, Fuji Electric, Kawamura Electric, Delixi, Rockwell Automation, ABB, WEG Industries, Lovato, China Markari Science & Technology, Meba Electric, GREEGOO, GWIEC Electric, `
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Solid-State Overload Relays Market Report Segments:
The global Solid-State Overload Relays market is segmented on the basis of:
Types
Thermal Overload Relay, Magnetic Overload Relay
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
Generators, Motors, Capacitor, Other
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:
- ABB
- Schneider Electric
- Eaton
- Siemens
- General Electric
- Mitsubishi Electric
- Fuji Electric
- Kawamura Electric
- Delixi
- Rockwell Automation
- ABB
- WEG Industries
- Lovato
- China Markari Science & Technology
- Meba Electric
- GREEGOO
- GWIEC Electric
- `
Highlights of The Solid-State Overload Relays 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:
- Thermal Overload Relay
- Magnetic Overload Relay
- By Application:
- Generators
- Motors
- Capacitor
- Other
- 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 Solid-State Overload Relays 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
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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?
Solid-State Overload Relays are a type of electrical relay that uses solid state technology. This means that the relay is made up of small electronic components instead of traditional mechanical parts. This makes the relay more reliable and less likely to fail due to wear and tear.
Some of the major companies in the solid-state overload relays market are ABB, Schneider Electric, Eaton, Siemens, General Electric, Mitsubishi Electric, Fuji Electric, Kawamura Electric, Delixi, Rockwell Automation, ABB, WEG Industries, Lovato, China Markari Science & Technology, Meba Electric, GREEGOO, GWIEC Electric, `.
The solid-state overload relays market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid-State Overload Relays Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solid-State Overload Relays Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid-State Overload Relays Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solid-State Overload Relays Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solid-State Overload Relays Market Size & Forecast, 2018-2028
4.5.1 Solid-State Overload Relays Market Size and Y-o-Y Growth
4.5.2 Solid-State Overload Relays Market Absolute $ Opportunity
Chapter 5 Global Solid-State Overload Relays Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Solid-State Overload Relays Market Size Forecast by Type
5.2.1 Thermal Overload Relay
5.2.2 Magnetic Overload Relay
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solid-State Overload Relays Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Solid-State Overload Relays Market Size Forecast by Applications
6.2.1 Generators
6.2.2 Motors
6.2.3 Capacitor
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid-State Overload Relays Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solid-State Overload Relays Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Solid-State Overload Relays Analysis and Forecast
9.1 Introduction
9.2 North America Solid-State Overload Relays Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Solid-State Overload Relays Market Size Forecast by Type
9.6.1 Thermal Overload Relay
9.6.2 Magnetic Overload Relay
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Solid-State Overload Relays Market Size Forecast by Applications
9.10.1 Generators
9.10.2 Motors
9.10.3 Capacitor
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Solid-State Overload Relays Analysis and Forecast
10.1 Introduction
10.2 Europe Solid-State Overload Relays Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Solid-State Overload Relays Market Size Forecast by Type
10.6.1 Thermal Overload Relay
10.6.2 Magnetic Overload Relay
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Solid-State Overload Relays Market Size Forecast by Applications
10.10.1 Generators
10.10.2 Motors
10.10.3 Capacitor
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Solid-State Overload Relays Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solid-State Overload Relays Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Solid-State Overload Relays Market Size Forecast by Type
11.6.1 Thermal Overload Relay
11.6.2 Magnetic Overload Relay
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Solid-State Overload Relays Market Size Forecast by Applications
11.10.1 Generators
11.10.2 Motors
11.10.3 Capacitor
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Solid-State Overload Relays Analysis and Forecast
12.1 Introduction
12.2 Latin America Solid-State Overload Relays Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Solid-State Overload Relays Market Size Forecast by Type
12.6.1 Thermal Overload Relay
12.6.2 Magnetic Overload Relay
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Solid-State Overload Relays Market Size Forecast by Applications
12.10.1 Generators
12.10.2 Motors
12.10.3 Capacitor
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Solid-State Overload Relays Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solid-State Overload Relays Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Solid-State Overload Relays Market Size Forecast by Type
13.6.1 Thermal Overload Relay
13.6.2 Magnetic Overload Relay
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Solid-State Overload Relays Market Size Forecast by Applications
13.10.1 Generators
13.10.2 Motors
13.10.3 Capacitor
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solid-State Overload Relays Market: Competitive Dashboard
14.2 Global Solid-State Overload Relays Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Schneider Electric
14.3.3 Eaton
14.3.4 Siemens
14.3.5 General Electric
14.3.6 Mitsubishi Electric
14.3.7 Fuji Electric
14.3.8 Kawamura Electric
14.3.9 Delixi
14.3.10 Rockwell Automation
14.3.11 ABB
14.3.12 WEG Industries
14.3.13 Lovato
14.3.14 China Markari Science & Technology
14.3.15 Meba Electric
14.3.16 GREEGOO
14.3.17 GWIEC Electric
14.3.18 `
