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 Inquire Before Buying : 3 https://www.databridgemarketresearch.com/inquire-before-buying/? dbmr=global-solid-state-relay-market
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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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