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Solid State Relay Market 2023 - Industry Insights, Trends Analysis, New Share, And Forecast To 2032
Solid State Relay Market
Solid State Relay Market Size, Growth Rate, And Forecast
The global solid state relay market size is expected to grow from $1.25 billion in 2022 to $1.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.1 The solid state relay market size is expected to reach $1.80 billion in 2027 at a CAGR of 7.8%.
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Solid State Relay Market Drivers
The rise in demand for electric vehicles (EVs) is expected to propel the solid-state relay market. Electric vehicles are vehicles that consist of a motor that is powered by electricity stored in batteries. It operates on electric motors and charges its batteries with electricity rather than utilizing fossil fuels such as gasoline or diesel. Solid-state relay offers longer operating life than mechanical relays while at the same time offering higher battery isolation capability in EVs, these adoptions lead to increased demand for EV and hybrid vehicles, a change from petroleum products to more sustainable power vehicles.
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Solid State Relay Market Segments
• By Mounting Type: Panel, PCB, DIN Rail, Other Mounting Types (Plug-in)
• By Output: AC SSR, DC SSR, AC/DC Output SSR
• By Power Rating: Low (0-20A), Medium (20A-50A), High (>50A)
• By Industry: Energy And Infrastructure, Industrial OEM, Building Equipments, Food And Beverages, Automotive And Transportation, Industrial Automation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the solid state relay market.
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Solid State Relay Market Key Players
Major competitors in the solid state relay market include Crydom, Omron Corporation, Carlo Gavazzi, Vishay Intertechnology, Omega Engineering, Fujitsu, Rockwell Automation, Celduc Relais, Abb Ltd., STMicroelectronics, General Electric, Fairchild Semiconductors, Infineon Technologies AG, Broadcom, and Teledyne Automation Inc.
The Business Research Company's "Global Solid State Relay Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Solid State Relay Market Include:
1. Executive Summary
2. Solid State Relay Market Characteristics
3. Solid State Relay Market Trends And Strategies
4. Solid State Relay Market - Macro Economic Scenario
5. Solid State Relay Market Size And Growth
……
26. Africa Solid State Relay Market
27. Solid State Relay Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Solid State Relay Market
29. Solid State Relay Market Future Outlook And Potential Analysis
30. Appendix
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