Call Us Sign-Up/Sign-In
Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Solid State Relay Market worth $1.5 billion by 2025


iCrowdNewswire   Dec 23, 2020  1:00 AM ET

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.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260413598

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.

Automotive & 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 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.

Browse in-depth TOC on “Solid State Relay Market
166 – Tables
72 – Figures
238 – Pages

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=260413598

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 ChinaJapanIndia, 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 ChinaJapanIndia, 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.

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.

Industrial Safety Market with COVID-19 Impact by Component (Presence Sensing Sensors, Safety Switches, Programmable Safety Systems, Emergency Stop Devices), System (ESD, HIPPS, TMC, BMS, and F&GM), Industry, and Region – Global Forecast to 2025



Contact Information:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441






Keywords:    Solid State Relay Market, Solid State Relay Market Size, Solid State Relay Market Share, Solid State Relay Market Trends, Solid State Relay Market Forecast, Solid State Relay Market Analysis

Tags:    Reportedtimes, Wire, Extended Distribution, Research Newswire, English