Panel Mount Solid State Relay Market to Experience Significant Growth by 2030

Description
According to the Market Statsville Group (MSG), the global panel mount solid state relay market size is expected to grow at a CAGR of 5.8% from 2022 to 2030. Panel mount solid state relays are designed for easy mounting on flat panels or heat sinks with screws through the SSR (Super Sport Roadster) baseplate. Various factors such as growing demand across various end-use verticals will drive the market's growth. The emerging and evolving semiconductor industry and its use in the semiconductor industry will propel the market's growth during the forevast period.

COVID-19 Impact on the Global Panel Mount Solid State Relay Market
COVID-19 had a negative impact on the market’s growth during the first half of the year 2020. Due to the global lockdown, the supply of raw materials from China and the US was disrupted drastically. Trade restrictions and halted manufacturing resulted in demand and supply gaps, contributing to negative market growth. Further, various end-use verticals also being affected by COVID-19, witnessed reduced demand for the panel mount solid state relays. However, the demand for the devices used in the healthcare industry, including ventilators, kept the market’s growth steady during the pandemic. Hence, COVID-19 significantly impacts the market’s growth during the pandemic.

Request for a sample report here: https://www.marketstatsville.com/request-sample/global-panel-mount-solid-state-relay-market

Scope of the Global Panel Mount Solid State Relay Market
The study categorizes the panel mount solid state relay market based on the output voltage, distribution channel, and application at the regional and global levels.

By Output Voltage Outlook (Sales, USD Million, 2017-2030)
AC
DC
AC/DC
By Distribution Channel Outlook (Sales, USD Million, 2017-2030)
Online Channels
Offline Channels
By Application Outlook (Sales, USD Million, 2017-2030)
Industrial Automation
Building Equipment
Lighting Equipment
Industrial OEM
Energy Infrastructure
Automot