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Showing posts with the label solid state relay market price

Solid State Relay Market - Forecast(2022 - 2027)

The amount of heat generated through thermal dissipation during the switching currents is the biggest challenge in solid state relays. To address the issue the use of the proper heat sinking system along with the steady stat current ratings with protected systems from thermal dissipation can result in the growth of solid state relay market. Asia-Pacific dominated the Solid State Relay Market with a share of 26% in the year 2017. APAC region is expected to grow with a CAGR of 6.83% during the forecast period 2018-2023. With the rising demand for the solid state relays in automotive and transportation industry in countries such as China and India is expected to drive the market of solid state relay in APAC region. The increasing investments in manufacturing sector in the near future is also expected to drive the market of the solid state relays in APAC region. Solid State Relay Market Outlook: Advancements in manufacturing process with the use of the MOSFET which helps in reducing the ...