Scope of the Study
Rapidly Upsurging Industrialization and Commercialization Building of Power Plants and Increasing Demand for Energy Conservation in Manufacturing Industries and Home Utilities will help to boost global Solid-State Power Controllers market in the forecasted period. Solid state power controllers are semiconductor devices which help to manage power that is supplied to the load. It is mainly protection devices alike to circuit breakers that defend loads from risky faults. Due to the faster reply timing and more capable in handling criticality such as in solid-state power controllers ensure proper operations. Favorable Government Initiatives in Developing Power Controllers and rise in Electrification of Railways and Metros. These are key drivers of the global solid state power controller market.
The market study is being classified by Type (Single Phase and Three Phase), by Application (Power Industry, Machinery & Equipment and Other) and major geographies with country level break-up.
Data Device Corp. (United States), Eurotherm (United Kingdom), Carlo Gavazzi Automation SpA (Italy), Jiangsu Modun Electric (China), Spang Power Electronics (United States), Teltech (United States), ABB (Switzerland), General Electric Company (United States), ON Semiconductor (United States) and STMicroelectronics (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Texas Instruments (United States) and TELE HAASE STEUERGERATE GES.M.B.H. (Austria).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Solid-State Power Controllers market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Solid-State Power Controllers market by Type, Application and Region.
On the basis of geography, the market of Solid-State Power Controllers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Direct Marketing Channel will boost the Solid-State Power Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Continuously Upsurging Industrialization and Commercialization Building of Power Plants
- Favorable Government Initiatives in Developing Power Controllers
- Robust Increase in Electrification of Railways and Metros
- Escalating Demand for Energy Conservation in Manufacturing Industries and Home Utilities
- Robust Initial Investments might Hamper the Demand for SSPC
- Installation Complexities as well as Lack of Skilled Workforce
- Upsurging Need for Energy Conservation in Manufacturing Industries and Home Utilities
- Improves Response Time and provides Efficient Handling of Electrical Equipment
- Lack of Awareness as well as minimal Electrical and Electronics Infrastructure in Underdeveloped Regions
Market Leaders and their expansionary development strategies
On September 4th, 2018, the global specialist in energy management and automation, Schneider Electric, has launched a new range of DIN rail mounting Eurotherm Programmable Controllers out of which EPC2000 Programmable Controllers are easy to install, commission and replace. In addition to this, Compact EPC2000 devices can be distributed close to the point of use reducing cabling runs and wiring costs.
On March 19, 2019, Data Device Corporation (DDC) has introduced the Nano-ACE BC/RT/MT MIL-STD-1553 terminal which is the latest evolution in the highly successful Enhanced Mini-ACE series, which has been in operation since 1999 with more than 800 million hours of in-service history. This new Nano-ACE (BU-67833LC), which is an upgraded version of the BU-67743LC Nano-ACE RT, offers complete BC/RT/MT functionality, along with increased 32K x 17 RAM including parity capability.
Key Target AudienceSolid-State Power Controller Manufacturers, Solid-State Power Controller Distributors and Traders, Power Prevention Industry Associations, Electronics Appliance Manufacturers, Upstream and Downstream Buyers, Government Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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