According to the Global Solid State Relay Market is accounted for $1.07 billion in 2017 and is expected to reach $1.99 billion by 2026 growing at a CAGR of 7.1% during the forecast period. Demand of redesigning ageing intensity of framework in created areas and increase in the foundation of seaward are some factors impacting the market growth. However, prerequisite of heat sink to manage thermal load is hindering the market growth.

Solid state relays (SSRs) are electronic gadgets that turn either ON or OFF by the use of a little outer voltage all through its control terminals. They have semiconductor exchanging components, for example, thyristors, triacs, diodes, and transistors. There are three kinds of SSRs dependent on its yield among these, AC yield strong state transfers are utilized to control the stream of electrical vitality in AC control frameworks. Different SSRs require lesser power than electromechanical hand-off curls to turn ON or OFF.

Based on Mounting Type, Panel-mount segment has a significant growth during the forecast period. They offer low leakage of present in its off-state, thereby making it a dependable option. Panel-mount SSRs have a broad in service range, which, in turn, provides most favorable performance.

By Geography, the Asia Pacific is anticipated to grow at the significant market share during the forecast period. Countries such as China and Japan are the countries driving the growth of the market in this region. China is a key supplier to the growth of the SSR market owing to its huge industrial and manufacturing sectors.

Some of the key players in Teledyne Relays, Ixys Integrated Circuits Division, Celduc Relais, Anacon Electronic Sales, Rockwell Automation, Fujitsu, Broadcom, Omega Engineering, Crydom, Omron Corporation, Carlo Gavazzi, Te Connectivity, Eaton, Arico Technology and Ametek.

Current Ratings Covered:
• High (50a & Above)
• Medium (20–50a)
• Low (0–20a)

Output Voltages Covered:
• AC/DC SSR
• DC SSR
• AC SSR

Mounting Types Covered:
• DIN Rail Mount
• PCB Mount
• Panel Mount
• Other Mounting Type

Applications Covered:
• Food & Beverages
• Medical
• Automotive & Transportation
• Energy and Infrastructure
• Industrial Oem
• Building Equipment
• Industrial Automation

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances