COVID-19 impact on Solid State Relay Market Report- Application: Industrial Automation, Automotive and Transportation

The global solid state relay market size is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 6.6% from 2020 to 2025. The growth of the Solid state relay market is majorly driven by growing adoption of high-tech electronics and automation in consumer electronics industry, increasing complexity in automobile circuits of electric vehicles, and robust features of solid state relays.

RportsnReports added Solid State Relay Market Research Report created by Report Consultant, which offers detailed insights, revenue details, and other information regarding the global market, and the various trends, drivers, restraints, opportunities, and market till 2028. Solid State Relay Market Report offers detailed information regarding the leading key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint.

Solid State Relay Market also provides a comparative analysis of the market dynamics pre and post Covid19 outbreak.

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Top Company Profile Analysis in this Report- Crydom (US), Omron Corporation (Japan), Carlo Gavazzi (Switzerland), Vishay Intertechnology (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), Celduc Relais (France), IXYS Integrated Circuits Division (US).

COVID-19 has emerged as a global pandemic that has spread over 215 countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic.

The foreseeable decline in the growth of end-user applications may have a considerable direct impact on the Solid state relay market.

Panel mount solid state relay is expected to account for the largest share of the solid state relay market in 2020, followed by PCB mount solid state realys; a similar trend is likely to continue in the near future.

The increasing application of panel mount SSRs in the industrial automation and energy & infrastructure segments is expected to support the growth of the market during the forecast period. The panel mount SSR is the simplest form of SSR, which is also easy to assemble and change, if necessary.

These features make it the primary choice for a majority of electrical equipment for switching and safety applications..

The solid state relay market for the automotive and transportation is expected to grow at the highest CAGR from 2020 to 2025. The increasing demand for electric vehicles is supporting the growth of the solid state relay (SSR) market for automotive and transportation.

Solid state relay offer superior solid state performance for high-power demanding applications and are also an ideal choice for automobiles as they offer variable load control. Automotive OEMs and players within the mobility industry are among the hardest hit due to the COVID-19 pandemic.

The impact of COVID-19 on EVs will differ across regions. Post-COVID-19 crisis, the sale of EVs is expected to rebound strongly in China, keeping investment stable, and the projected increase in EV market share on track.

The on going pandemic may negatively affect the growth of the solid state relays market for automotive and EV applications for the short term.

Solid state relay market in APAC is expected to grow at the highest CAGR during 2020−2025. The rapid growth of the automotive, food & beverage, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea is contributing to the growth of the solid state relay market in APAC.

The rapid growth of the automotive, food & beverage, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea is contributing to the growth of the solid state relay (SSR) market in APAC. The impact of COVID-19 in the region has led to a significant drop in the demand for transportation connectivity, which has correspondingly declined the investments in the associated sector.

This is expected to impact the supply chain of solid state relays in the region.

Break-up of the profiles of primary participants:
By Company Type – Tier 1 – 46%, Tier 2 – 31%, and Tier 3 – 23%
By Designation – C-level Executives – 42%, Managers – 37%, and Others – 21%
By Region – North America - 24%, Europe – 21%, APAC – 49%, and RoW – 6%

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Reasons to access the report:
Illustrative segmentation, analysis, and forecast of the market based on mounting type, output voltage current rating, application, and region have been conducted to give an overall view of the solid state relay market.
A value chain analysis has been performed to provide in-depth insights into the solid state relay market ecosystem.
The report includes pricing analysis, patent analysis, ecosystem analysis as well as technology and case study analysis pertaining to solid state relay.
The key drivers, restraints, opportunities, and challenges pertaining to the solid state relay market have been detailed in this report.
Detailed information regarding the COVID-19 impact and related updates on the Solid state relay market has been provided in the report.
The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues and market share.

Table Of Contents in this Report-
1 Introduction
1.1 Study Objectives
1.2 Definition
1.2.1 Inclusions And Exclusions
1.3 Study Scope
1.3.1 Market Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary And Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown Of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Arriving At The Market Share By Bottom-Up Approach (Demand Side)
Figure 2 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach For Arriving At The Market Share By Top-Down Analysis (Supply Side)
Figure 3 Top-Down Approach
Figure 4 Market Size Estimation Methodology For Solid State Relay (Ssr) Market Through Supply Side Analysis
2.3 Data Triangulation
Figure 5 Data Triangulation
2.4 Research Assumptions

3 Executive Summary
Figure 6 Solid State Relay (Ssr) Market: Segmentation
Table 1 Solid State Relay, In Terms Of Value And Volume, 2016–2019
Table 2 Solid State Relay, In Terms Of Value And Volume, 2020–2025
Figure 7 Solid State Relay (Ssr) Market With Covid-19 Update
3.1 Pre-Covid-19 Scenario
Table 3 Pre-Covid-19 Scenario: Solid State Relay (Ssr) Market
3.2 Post-Covid-19 Scenario
Table 4 Post-Covid-19 Scenario: Solid State Relay (Ssr) Market
3.3 Optimistic Scenario (Post-Covid-19)
Table 5 Optimistic Scenario (Post-Covid-19): Solid State Relay (Ssr) Market
3.4 Pessimistic Scenario (Post-Covid-19)
Table 6 Pessimistic Scenario (Post-Covid-19): Solid State Relay (Ssr) Market
Figure 8 Panel Mount Segment To Hold Largest Share Of Solid State Relay (Ssr) Market During Forecast Period
Figure 9 Medium Current Rating Segment To Hold Largest Share Of Solid State Relay (Ssr) Market During Forecast Period
Figure 10 Ac Output Voltage Segment To Hold Largest Share Of Solid State Relay (Ssr) Market During Forecast Period
Figure 11 S0lid State Relay (Ssr) Market For Automotive & Transportation To Register Highest Cagr During Forecast Period
Figure 12 Apac To Register Highest Cagr During Forecast Period

4 Premium Insights
4.1 Solid State Relay (Ssr) Market, 2020–2025 (Usd Billion)
Figure 13 Expanding Automotive & Transportation Industry To Boost Growth Of Solid State Relay (Ssr) Market
4.2 Solid State Relay (Ssr) Market, By Mounting Type
Figure 14 Panel Mount Segment To Account For Largest Share Of Solid State Relay (Ssr) Market (Ssr) From 2020 To 2025
4.3 Solid State Relay (Ssr) Market, By Output Voltage
Figure 15 Ac Segment To Lead Solid State Relay (Ssr) Market From 2020 To 2025
4.4 Solid State Relay (Ssr) Market, By Current Rating
Figure 16 High Current Rating Segment To Register Highest Cagr From 2020 To 2025
4.5 Solid State Relay (Ssr) Market, By Application & Region
Figure 17 Industrial Automation Segment And Apac Held Largest Shares Of Solid State Relay (Ssr) Market In 2019
4.6 Solid State Relay (Ssr) Market, By Geography
Figure 18 China Is Expected To Register With The Highest Growth Rate During The Forecast Period

5 Market Overview

and more..

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