Solid State Relay Market Share, Growth Factors, Comprehensive Research, Analysis by Leading Companies with Forecast till 2027 | Impact of COVID-19
Market Analysis Market Research Future (MRFR) projects the global Solid State Relay Market Share to reach USD 1.78 billion at a CAGR of 7.23% from 2019 to 2025 (forecast period). Solid state relays use a silicon-controlled rectifier (SCR), triode for alternating current (TRIAC), or switching transistor output instead of mechanical normally-open (NO) contacts to switch both AC and DC currents. Since they have no moving parts, no contact failures, and produce little to no noise, these relays are suitable for a wide variety of switching applications. Solid state relays have been widely used in consumer electronics, communication equipment, medical equipment, transportation, and industrial machinery. Advancement in automation across industry verticals is one of the significant factors driving the growth of the global Solid State Relay Market Trends . Furthermore, the long operating life and low maintenance of solid state relays have prompted manufacturers to replace electromechanical re