Solid State Relays (SSR) Market
Solid State Relays (SSR) Market
Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Solid State Relays (SSR) Market Size and Growth
The global Solid State Relays (SSR) market is expected to witness significant growth due to increasing demand for energy-efficient and reliable switching solutions in various industries. The market size is projected to reach USD 1.5 billion by 2027, driven by advancements in technology and rising adoption of SSRs for industrial automation and power distribution applications.
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Companies Covered (Covid 19 Impact Covered)
◍ Crydom
◍ OMRON
◍ Carlo gavazzi
◍ Sharp
◍ IXYS
◍ TE Connectivity
◍ groupe celduc
◍ Fujitsu Limited
◍ Schneider
◍ Siemens
◍ Rockwell Automation
◍ OPTO22
◍ Xiamen Jinxinrong Electronics
The Solid State Relays (SSR) market is highly competitive with key players like Crydom, OMRON, Carlo Gavazzi, and others offering a wide range of products. These companies utilize SSRs across various industries to provide reliable power switching solutions, thereby contributing to the market growth.
- Crydom: $90 million in sales revenue
- OMRON: $8.29 billion in sales revenue
- Carlo Gavazzi: $58.5 million in sales revenue
◍ JiangSu GlOD Electrical Control Technology
◍ Vishay
◍ Broadcom
◍ Clion Electric
◍ Bright Toward
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Market Segmentation
By Application
◍ Industrial Equipment
◍ Home Appliance
◍ Building Automation
◍ Power & Energy
◍ Others
By Product
◍ PCB Mount
◍ Panel Mount
◍ Din Rail Mount
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Market Growth
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$ 750.50 Million
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