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Solid-State Relay Market Share
- Report ID: GMI5561
- Published Date: Apr 2023
- Report Format: PDF
Solid-State Relay Market Share
- Broadcom
- Omron Corporation
- Eaton Corporation
- TE Connectivity
- Sensata Technologies Inc
- ABB Ltd.,
- Vishay Intertechnology
are the leading players prevailing in the global solid-state relay industry. To acquire a competitive edge, the firms in the solid-state relay industry are concentrating on joint ventures, acquisitions, and the launch of novel products.
Frequently Asked Questions (FAQ) :
Market size for solid state relay was more than USD 800 million in 2022 and is forecasted to record over 5% CAGR from 2023 to 2032.
Solid state relay industry share from the automotive and transportation segment is anticipated to record more than 4% CAGR from 2023 to 2032 as they are highly suitable for automotive applications, particularly in electric vehicles.
North America market size for solid state relay is forecasted to reach USD 500 million by 2032 owing to the expanding industrial sector across the region.
Broadcom, Omron Corporation, Eaton Corporation, TE Connectivity, Sensata Technologies, Inc., ABB Ltd., and Vishay Intertechnology, are the leading players prevailing in the global solid-state relay business.
Solid-State Relay Market Scope
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