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Home | Search Global IT News: IT News & Press Release Distribution: Solid State Relay Market expected to be worth $1.6 billion by 2024   (IT-NEWSWIRE.COM, March 23, 2019 ) According to the new market research report "Solid State Relay Market by Mounting Type (Panel, PCB, DIN Rail), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Application (Industrial Automation, Building Equipment, Industrial OEM), and Geography - Global Forecast to 2024", the solid-state relay market is estimated to be worth USD 1.2 billion in 2019 and is expected to reach USD 1.6 billion by 2024, at a CAGR of 5.7%. The major factors fueling the growth of the solid-state relay market include increasing digitization and automation in the consumer electronics industry; growing modernization of electric vehicles; robust features of SSR, such as high switching frequency and resistance to shock and vibration; and low noise while operating, long operating life, and low maintenance and compact size of SSR. Don’t miss out on business opportunities in Solid State Relay Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=260413598 “Panel-mount SSR to lead solid state relay market by 2024” Panel-mount SSRs can be easily mounted on flat panels of heat sinks with the help of screws. The panel-mount SSR is the most used mounting type. They offer low leakage of current in its off-state, thereby making it a reliable option. Panel-mount SSRs have a broad operating range, which, in turn, provides optimal performance. The panel-mount SSR delivers a high surge capability with up to 1,200 V blocking voltage and 4,000 V optical isolation. They also have a zero-voltage turn-on and a high thermal rating with reduced power dissipation. These features lead to reduced heat sink requirement for optimum performance. The application of panel-mount SSRs in industrial automation, and energy and infrastructure is expected to support the growth of this 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. “AC SSR to be largest market for solid state relay from 2019 to 2024” AC SSRs are used for switching AC loads. AC SSRs are mostly mounted onto a metal plate or a heat sink to dissipate the heat generated during its operation. High-voltage/current AC SSRs mostly incorporate SCR or TRIAC as a switching device. In an AC SSR, 2 MOSFETs are arranged back-to-back with their source pins tied together. The SCR and TRIAC inherently switch OFF at the point of zero load current. The circuit is never interrupted in the middle of a sine wave peak, preventing large transient voltages that are caused due to a sudden collapse of the magnetic field around the inductance. These relays are used in almost all applications from industrial automation to medical equipment because of the availability of wide ampere range. The growing industrial automation market across the world is supporting demand for AC relays. Browse and in-depth TOC on "Solid State Relay Market" 66 - Tables 65 - Figures 164 - Pages View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/solid-state-relay-market-260413598.html “APAC to be largest market for solid state relay during forecast period” China and Japan are the countries driving the growth of the SSR market in APAC. China is a key contributor to the growth of the SSR market in APAC owing to its huge industrial and manufacturing sectors. It is also the fastest-growing market for SSR in APAC. The rapid growth of the automotive, food & beverages, building equipment, and manufacturing in emerging economies such as China, Japan, India, and South Korea has contributed to the growth of the SSR market in APAC. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=260413598 Major players involved in the solid state relay market include Carlo Gavazzi (Switzerland), Omron Corporation (Japan), Vishay Intertechnology (US), Crydom (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), Celduc Relais (France), IXYS Integrated Circuits Division (US), Teledyne Relays (US), Ametek (US), Arico Technology (Taiwan), Connectwell Industries (India), Eaton (Ireland), Emtech Solutions (India), Panasonic (Japan), Phoenix Contact (Germany), and TE Connectivity (Switzerland). Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets Website: http://www.marketsandmarkets.com MarketsandMarkets™ Mr. Shelly Singh 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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