Solid State Relay Market worth $1.5 billion by 2025 - PowerPoint PPT Presentation

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Solid State Relay Market worth $1.5 billion by 2025

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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. – PowerPoint PPT presentation

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Title: Solid State Relay Market worth $1.5 billion by 2025


1
MarketsandMarkets Presents

Solid State Relay Market worth 1.5 billion by
2025 Solid State Relay Market with COVID-19
Impact by Mounting Type (Panel, PCB), Output
Voltage (AC, DC, AC/DC), Current Rating (Low,
Medium, High), Application (Industrial
Automation, Automotive Transportation), and
Geography - Global Forecast to 2025 https//www.m
arketsandmarkets.com/Market-Reports/solid-state-re
lay-market-260413598.html
2
According to the new market research
report "Solid State Relay Market with COVID-19
Impact by Mounting Type (Panel, PCB), Output
Voltage (AC, DC, AC/DC), Current Rating (Low,
Medium, High), Application (Industrial
Automation, Automotive Transportation), and
Geography - Global Forecast to 2025", published
by MarketsandMarkets, 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 key factors fueling the
growth of this market include growing adoption of
high-tech electronics and automation in consumer
electronics industry, increase of overall revenue
projection of the semiconductor industry despite
the outbreak of COVID-19, increasing complexity
in automobile circuits of electric vehicles, and
robust features of solid state relays. Browse 166
market data Tables and 72 Figures spread
through 238 Pages and in-depth TOC on "Solid
State Relay Market with COVID-19 Impact - Global
Forecast to 2025"
3
Panel Mount accounted for larger size of the
solid state relay market in 2020. 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. Due to the COVID-19
pandemic, companies are finding it difficult to
ensure the shipments of the solid state relays
with panel mount since the demand for panel
mounts is higher than other mounts and accounts
for the largest percentage contribution to the
market. Ask PDF Brochure https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id260413598 Automo
tive transportation application is expected to
hold the largest size of the solid state
relay market in 2020. 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.
4
APAC projected to be the largest market for solid
state relay from 2020 to 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. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id260413598 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), are some of the major players in
solid state relay market.
5
About MarketsandMarkets MarketsandMarkets
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6
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Info https//www.marketsandmarkets.com/PressRelea
ses/solid-state-relay.asp
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