Market Overview:
The global transformer coupled solid state relay 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 energy-efficient and reliable electrical equipment, especially in the automotive and electronics industries. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The global transformer coupled solid state relay market can be segmented on the basis of type into high voltage and low voltage relays. On the basis of application, this market can be segmented into electronics, automotive, and power applications. The Asia Pacific region is expected to dominate this market during the forecast period owing to its large population base and rapid industrialization rates.
Product Definition:
A transformer coupled solid state relay is a type of relay that uses a transformer to couple the input and output signals. This type of relay is often used in applications where high voltage or current levels need to be controlled. The transformer coupled solid state relay can handle large amounts of current and voltage without damage, making it an ideal solution for many industrial applications.
High Voltage:
High voltage (HV) is the general term used for electric circuits with a high potential difference between its electrodes. The circuit may be single or multi-phase, and it may also have low or high ampere rating depending upon the application. HV systems are widely used in transmission & distribution of electric power, switch mode power supply, and other related applications.
Low Voltage:
Low voltage (LV) and high voltage (HV) are the two types of electric circuits used in transformer coupled solid state relay (TCSSR). The HV side of a TSSR is normally connected to an external device or equipment, whereas the LV side is normally connected to an electronic device or appliances.
The normal working principle behind TSSRs involves switching on/off electrical loads using low voltage and controlling/monitoring devices using high voltage.
Application Insights:
The electronics segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The transformer coupled solid state relay provides reliable switching solutions in electronic industry. It has a compact size, low power consumption, high reliability and superior performance characteristics making it ideal for use in industrial control applications.
Transformer coupled solid state relays are used as replacements of mechanical relays that were previously used in various industries such as oil & gas, medical equipment manufacturing etc. They provide reliable switching solutions with improved performance characteristics at a lower cost than other electronic products currently available on the market. These attributes are expected to drive their demand over the forecast period thereby propelling growth of this market during future years to ¢â‚¬Å“2030¢â‚¬ (the automotive segment).
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to rapid industrialization and increasing demand from end-use industries such as electronics, automotive, and power. The region accounted for a revenue share of more than 60% in 2016. Increasing penetration of transformers coupled with growing manufacturing sector in countries such as China, India, Japan are anticipated to drive this industry growth over the next eight years.
China is projected to dominate the Asia Pacific transformer coupled solid state relay market accounting for a revenue share of more than 35% by 2030 owing to high demand from end-use industries such as consumer appliances and IT & telecom equipment along with rapid urbanization resulting into increased electricity consumption per capita.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Growing popularity of solid state relays over traditional electromechanical relays
- Rising demand for energy-efficient and high-performance electronics products
- Proliferation of Internet of Things (IoT) and smart technologies
- Growing investments in research and development (R&D) activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Transformer Coupled Solid State Relay Market Research Report
By Type
High Voltage, Low Voltage
By Application
Electronics, Automotive, Power
By Companies
Elliott Sound Products, TE Connectivity, Refurvo LLC, Control Concepts
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Transformer Coupled Solid State Relay Market Report Segments:
The global Transformer Coupled Solid State Relay market is segmented on the basis of:
Types
High Voltage, Low Voltage
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
Electronics, Automotive, Power
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:
- Elliott Sound Products
- TE Connectivity
- Refurvo LLC
- Control Concepts
Highlights of The Transformer Coupled Solid State Relay 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:
- High Voltage
- Low Voltage
- By Application:
- Electronics
- Automotive
- Power
- 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 Transformer Coupled Solid State Relay 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A transformer coupled solid state relay (TCSSR) is a type of electronic switch that uses the principles of transformers to control the flow of electricity. The TCSSR consists of two or more semiconductor devices, called transistors, that are connected in series between an input and output. When one transistor is turned on, current flows through all the transistors in series; when all the transistors are turned off, no current flows.
Some of the major players in the transformer coupled solid state relay market are Elliott Sound Products, TE Connectivity, Refurvo LLC, Control Concepts.
The transformer coupled solid state relay market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Transformer Coupled Solid State Relay 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. Transformer Coupled Solid State Relay Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Transformer Coupled Solid State Relay Market - Supply Chain
4.5. Global Transformer Coupled Solid State Relay Market Forecast
4.5.1. Transformer Coupled Solid State Relay Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Transformer Coupled Solid State Relay Market Size (000 Units) and Y-o-Y Growth
4.5.3. Transformer Coupled Solid State Relay Market Absolute $ Opportunity
5. Global Transformer Coupled Solid State Relay 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. Transformer Coupled Solid State Relay Market Size and Volume Forecast by Type
5.3.1. High Voltage
5.3.2. Low Voltage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Transformer Coupled Solid State Relay 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. Transformer Coupled Solid State Relay Market Size and Volume Forecast by Application
6.3.1. Electronics
6.3.2. Automotive
6.3.3. Power
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Transformer Coupled Solid State Relay 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. Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay 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. Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay Demand Share Forecast, 2019-2026
9. North America Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay Market Size and Volume Forecast by Application
9.4.1. Electronics
9.4.2. Automotive
9.4.3. Power
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Transformer Coupled Solid State Relay Market Size and Volume Forecast by Type
9.7.1. High Voltage
9.7.2. Low Voltage
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 Transformer Coupled Solid State Relay Demand Share Forecast, 2019-2026
10. Latin America Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay Market Size and Volume Forecast by Application
10.4.1. Electronics
10.4.2. Automotive
10.4.3. Power
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Transformer Coupled Solid State Relay Market Size and Volume Forecast by Type
10.7.1. High Voltage
10.7.2. Low Voltage
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 Transformer Coupled Solid State Relay Demand Share Forecast, 2019-2026
11. Europe Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay Market Size and Volume Forecast by Application
11.4.1. Electronics
11.4.2. Automotive
11.4.3. Power
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Transformer Coupled Solid State Relay Market Size and Volume Forecast by Type
11.7.1. High Voltage
11.7.2. Low Voltage
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 Transformer Coupled Solid State Relay Demand Share, 2019-2026
12. Asia Pacific Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay Market Size and Volume Forecast by Application
12.4.1. Electronics
12.4.2. Automotive
12.4.3. Power
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Transformer Coupled Solid State Relay Market Size and Volume Forecast by Type
12.7.1. High Voltage
12.7.2. Low Voltage
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 Transformer Coupled Solid State Relay Demand Share, 2019-2026
13. Middle East & Africa Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay 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 Transformer Coupled Solid State Relay Market Size and Volume Forecast by Application
13.4.1. Electronics
13.4.2. Automotive
13.4.3. Power
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Transformer Coupled Solid State Relay Market Size and Volume Forecast by Type
13.7.1. High Voltage
13.7.2. Low Voltage
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 Transformer Coupled Solid State Relay Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Transformer Coupled Solid State Relay Market: Market Share Analysis
14.2. Transformer Coupled Solid State Relay Distributors and Customers
14.3. Transformer Coupled Solid State Relay Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Elliott Sound Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TE Connectivity
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Refurvo LLC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Control Concepts
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
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
