Market Overview:
The global solid state timer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for solid state timers in automobiles, household appliances, aerospace, and other applications. In terms of type, the external resistor adjustable segment is expected to hold the largest share of the global solid state timer market during the forecast period. This segment is expected to grow at a CAGR of 6% during the forecast period. In terms of application, automobiles are expected to hold the largest share of the global solid state timer market duringthe forecast period.
Product Definition:
Solid State Timers are electromechanical devices that use semiconductor switches to create on-off electrical signals. They have many applications, including controlling the speed of electric motors, switching lights on and off, and activating alarms.
External Resistor Adjustable:
External Resistor Adjustable (ERA) is a type of electronic timer that can be used in place of conventional mechanical or digital timers. It has the ability to repeat the timing function at set intervals, making it ideal for use as a wake-up alarm clock. The growth factor responsible for its increasing demand in Solid State Timer market is its unique feature of adjusting time delay between 0ms and 100ms with high accuracy.
External Resistor Fixed:
External Resistor Fixed (ERF) is a circuit that uses fixed external resistance to generate the pulse for the Solid State Timer (SST). The SST was designed by Philips and Sony as a component in home video game consoles. It generates accurate timing pulses with very high precision.
The External Resistor Fixed is used in an SST to provide an adjustable range of clock frequencies, which can be used to create multiple frequency clocks from one single clock source.
Application Insights:
The other application segment includes industrial and medical applications. The others segment dominated the global solid state timer market in 2017, accounting for over 30% of the overall revenue share. This is attributed to increasing demand from various industries including automotive, aerospace and defense, household appliances and healthcare. Solid-state timers offer several advantages including more accuracy (compared to mechanical timers), longer battery life (as compared to quartz watches), immunity from electromagnetic interference, low power consumption (as compared to quartz clocks) and they are also waterproof which makes them ideal for use in marine applications as well as under water.
Automobiles were the largest application segment of the global solid state timer market in 2017 owing to growing demand for advanced safety features such as airbags that deploy only upon impact or collision or when a door is opened/closed.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing product demand in countries, such as China and Japan, owing to their high production volumes and strong presence in the electronics industry. Furthermore, rising industrialization coupled with growing awareness regarding energy conservation is likely to drive the product demand over the forecast period.
The Asia Pacific region has witnessed significant growth for solid state timers on account of their application in industrial automation as well as household appliances such as refrigerators and washing machines that run on electricity grids rather than individual batteries like portable models prevalent before 2010.
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features in vehicles
- Growing demand for energy-efficient and durable electronic devices
- Rising popularity of smart homes and connected devices
- Proliferation of Internet of Things (IoT) applications
- Advances in semiconductor technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid State Timer Market Research Report
By Type
External Resistor Adjustable, External Resistor Fixed
By Application
Automobiles, Household Appliances, Aerospace, Others
By Companies
Crydom, ALION, Omron, NAW Controls, Schneider Electric, MISUMI, Weidmüller, Graco Inc., DARE Electronics, Inc.
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
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Solid State Timer Market Report Segments:
The global Solid State Timer market is segmented on the basis of:
Types
External Resistor Adjustable, External Resistor Fixed
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
Automobiles, Household Appliances, Aerospace, 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:
- Crydom
- ALION
- Omron
- NAW Controls
- Schneider Electric
- MISUMI
- Weidmüller
- Graco Inc.
- DARE Electronics, Inc.
Highlights of The Solid State Timer 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:
- External Resistor Adjustable
- External Resistor Fixed
- By Application:
- Automobiles
- Household Appliances
- Aerospace
- 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 Solid State Timer 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?
A Solid State Timer (SST) is a timer circuit that uses solid-state components, such as transistors, diodes and capacitors. These devices have no moving parts and are therefore more reliable than traditional timers. They also have the advantage of being able to operate at very high speeds, making them suitable for use in applications where timing is critical, such as clock circuits or digital signal processing (DSP) systems.
Some of the major players in the solid state timer market are Crydom, ALION, Omron, NAW Controls, Schneider Electric, MISUMI, Weidm¼ller, Graco Inc., DARE Electronics, Inc..
The solid state timer 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 Timer 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 Timer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid State Timer 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 Timer 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 Timer Market Size & Forecast, 2020-2028
4.5.1 Solid State Timer Market Size and Y-o-Y Growth
4.5.2 Solid State Timer Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 External Resistor Adjustable
5.2.2 External Resistor Fixed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Automobiles
6.2.2 Household Appliances
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid State Timer 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 Timer 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 External Resistor Adjustable
9.6.2 External Resistor Fixed
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 Market Size Forecast by Applications
9.10.1 Automobiles
9.10.2 Household Appliances
9.10.3 Aerospace
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 External Resistor Adjustable
10.6.2 External Resistor Fixed
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 Market Size Forecast by Applications
10.10.1 Automobiles
10.10.2 Household Appliances
10.10.3 Aerospace
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 External Resistor Adjustable
11.6.2 External Resistor Fixed
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 Market Size Forecast by Applications
11.10.1 Automobiles
11.10.2 Household Appliances
11.10.3 Aerospace
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 External Resistor Adjustable
12.6.2 External Resistor Fixed
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 Market Size Forecast by Applications
12.10.1 Automobiles
12.10.2 Household Appliances
12.10.3 Aerospace
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 External Resistor Adjustable
13.6.2 External Resistor Fixed
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) Market Size Forecast by Applications
13.10.1 Automobiles
13.10.2 Household Appliances
13.10.3 Aerospace
13.10.4 Others
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 Timer Market: Competitive Dashboard
14.2 Global Solid State Timer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crydom
14.3.2 ALION
14.3.3 Omron
14.3.4 NAW Controls
14.3.5 Schneider Electric
14.3.6 MISUMI
14.3.7 Weidmüller
14.3.8 Graco Inc.
14.3.9 DARE Electronics, Inc.
