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Solid State Relay Market Growth, Trends, COVID-19 Impact, And Forecast (2019 - 2026)
Solid State Relay Market Growth, Trends, COVID-19
Impact, And Forecast (2019 - 2026)
Solid State Relay Market By Mounting Type (Panel Mount, PCB Mount, DIN Rail Mount,
Others), Output Voltage (AC SSR, DC SSR, AC/DC SSR), Current Rating (Low, Medium,
High), Application (Industrial Automation, Building Equipment, Industrial OEM, Energy
& Infrastructure, Automotive & Transportation, Medical, Food & Beverage), Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry
Trends and Forecast to 2026
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Report Description
Global Solid State Relay Market is expected to rise from its initial estimated value of USD
1 billion in 2018 to an estimated value of USD 1.60 billion by 2026, registering a CAGR of
5.97% in the forecast period of 2019-2026. This rise in market value can be attributed to
the modernization and increased adoption from the consumer electronics and electrical
industry.
Solid state relay is a type of electronic device that switches itself when an external surge
of voltage flows through the device. These devices are applied on various control
terminals and are consisting of a sensor and a switching device which switches the
power to the load circuit.
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Major Key Players
Some of the major players operating in this market are :
• TE Connectivity
• Broadcom
• Crydom Inc.
• Carlo Gavazzi Holding AG
• OMRON Corporation
• OMEGA Engineering
• Rockwell Automation, Inc.
• IXYS Integrated Circuits Division
• AMETEK.Inc
• FUJITSU
• Vishay Intertechnology; Teledyne Relays
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Market Segmentation
• By Mounting Type (Panel Mount, PCB Mount, DIN Rail Mount, Others)
• By Output Voltage (AC SSR, DC SSR, AC/DC SSR)
• By Application (Industrial Automation, Building Equipment, Industrial
OEM, Energy & Infrastructure, Automotive & Transportation, Medical, Food
& Beverage)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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About Data Bridge Market
Research
An absolute way to forecast what future holds is to comprehend the trend
today!
Data Bridge Market Research set forth itself as an unconventional and
neoteric Market research and consulting firm with unparalleled level of
resilience and integrated approaches. We are determined to unearth the best
market opportunities and foster efficient information for your business to
thrive in the market. Data Bridge endeavors to provide appropriate solutions
to the complex business challenges and initiates an effortless decision-making
process.
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