Solid State Relay Market by Type (Reed Relay, Transformer-coupled, Optocoupled, Magnetic), Current Rating [Low (0-20A), Medium (20A to 50A), High (Above 50A)], Output Voltage (AC, DC, AC/DC), Mounting (Panel, PCB, DIN RAIL) - Global Forecast to 2030

Publisher MarketsandMarkets

Published Sep 13, 2025

Length 333 Pages

SKU # MKMK20425521

Description

The solid state relay market is expected to grow from USD 1.74 billion in 2025 to USD 2.36 billion by 2030, at a compound annual growth rate (CAGR) of 6.3% during the forecast period.

The adoption of solid state relays (SSRs) in industrial automation and by OEMs for process control applications is increasing quickly because of their superior reliability, durability, and performance compared to traditional electromechanical relays. In automation systems, where continuous, precise, and high-speed switching is needed, SSRs provide silent operation, long service life, and resistance to vibration and mechanical wear, making them perfect for 24/7 industrial environments. OEMs are more often incorporating SSRs into programmable logic controllers (PLCs), motor drives, heating systems, and robotics to improve accuracy and reduce downtime. In process control applications, SSRs guarantee stable switching in temperature regulation, conveyor systems, packaging equipment, and pump management, where consistent operation is essential for efficiency and product quality. Their capacity to handle high switching frequencies and lower electromagnetic interference (EMI) boosts overall system performance, especially in sensitive production settings like food processing, semiconductor manufacturing, and pharmaceuticals. Moreover, the global move toward Industry 4.0 and smart factories highlights predictive maintenance, energy efficiency, and digital connectivity—areas where SSRs provide particular advantages. Consequently, OEMs are using SSRs to create advanced automation solutions, cut operational costs, and meet increasing customer expectations for efficiency, safety, and reliability in industrial process control.

“The high-current rating segment is expected to achieve a significant CAGR in the solid-state relay market from 2025 onward 2030.”

The high current rating segment is expected to see significant growth in the solid state relay market from 2025 to 2030. This segment of the SSR market is projected to grow the fastest during the forecast period, driven by increasing demand for reliable power switching in heavy-duty industrial and transportation applications. As industries adopt more high-power equipment—such as industrial motors, HVAC systems, robotics, and renewable energy inverters—there is a rising need for relays capable of handling loads above 50A with minimal losses and long operational lifespans. Unlike electromechanical relays, high-current SSRs offer faster switching, reduced arcing, and better thermal management, which is vital for applications requiring frequent and continuous operation. The electrification of transportation, especially electric vehicles (EVs) and charging infrastructure, further boosts demand, as SSRs are used in battery management, traction inverters, and DC fast chargers. Additionally, the growth of renewable energy projects, including solar and wind farms, necessitates sturdy high-current relays to manage large-scale power conversion and grid integration. Manufacturers are focusing on innovations like improved heat dissipation, compact designs, and fault protection features to meet these demands. Collectively, these factors make the high current segment the fastest-growing category, supporting the transition toward high-power, efficient, and sustainable energy and automation systems.

“Transformer-coupled SSR segment is expected to contribute a recognizable share in the solid state relay market from 2025 to 2030.”

The transformer-coupled solid state relay (SSR) segment is expected to secure a significant share in the solid-state relay market due to its unique ability to offer superior electrical isolation and noise immunity. Unlike opto-coupled SSRs, transformer-coupled variants utilize magnetic coupling to separate the input and output circuits, making them highly suitable for applications that require robust protection against electrical disturbances and transients. These relays are especially valuable in power electronics, motor control, and renewable energy systems, where high switching reliability and safety are critical. In industrial automation and process control, transformer-coupled SSRs are favored for their capacity to handle higher voltages and currents with less signal distortion, ensuring precise and consistent switching performance. The increasing adoption of renewable energy technologies, such as solar inverters and wind turbines, along with rising investments in smart grid infrastructure, further drives demand for this segment. Additionally, their improved durability and resistance to electromagnetic interference (EMI) make them ideal for sensitive medical equipment, aerospace, and defense applications. As industries continue to emphasize reliability, efficiency, and strong isolation features, transformer-coupled SSRs will retain a notable market share, supporting the growth of other relay technologies.

“Asia Pacific to contribute the largest share in the solid state relay market in 2024.”

The Asia Pacific region is expected to hold the largest share of the solid state relay (SSR) market during the forecast period, driven by fast industrial growth, expanding manufacturing sectors, and strong adoption of automation technology. Countries like China, Japan, South Korea, and India are leading in integrating SSRs into industrial automation, consumer electronics, and automotive fields. The booming electric vehicle (EV) industry in China and increasing investments in renewable energy projects across the region are fueling high demand for advanced SSRs in battery management, charging infrastructure, and power conversion systems. Additionally, the presence of major electronics and semiconductor manufacturers in Asia Pacific provides a solid base for both producing and using SSRs. The growing adoption of Industry 5.0 practices, smart factories, and robotics in countries such as Japan and South Korea further drives market expansion. Furthermore, favorable government policies supporting clean energy, energy efficiency, and advanced manufacturing technologies enhance the region’s leadership. Combined with cost advantages in production and the presence of top OEMs, Asia-Pacific is poised to remain the largest and most influential regional market for SSRs throughout the forecast period.

By Company Type: Tier 1 – 26%, Tier 2 – 32%, and Tier 3 – 42%
By Designation: C-level Executives – 40%, Managers –30%, and Others – 30%
By Region: North America –34%, Europe – 25%, Asia Pacific– 30%, and RoW – 11%

This report profiles prominent players TE Connectivity (Switzerland), Panasonic Corporation (Japan), Eaton (Ireland), Infineon Technologies AG(Germany), and Broadcom (US).

Report Coverage

The report defines, describes, and forecasts the solid state relay market based on type (reed relay coupled, transformer coupled, optocoupled), current rating [low (0-20A), medium (20A to 50A), high (above 50A)], output voltage (AC SSR, DC SSR, AC/DC SSR), mounting type (panel, PCB, DIN rail), applications (industrial automation, building equipment, industrial OEMs, energy and infrastructure, medical equipment, automotive, transportation, communication, water pumps, food & beverages), and region (North America, Europe, Asia Pacific, and RoW). It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing market growth. It also analyzes competitive developments such as acquisitions, product launches, expansions, and actions taken by key players to grow in the market.

Reasons to Buy This Report

The report will assist market leaders and new entrants with information on the estimated revenue for the overall solid state relay market and its subsegments. It will help stakeholders understand the competitive landscape, gain better insights to position their business effectively, and plan appropriate go-to-market strategies. Additionally, the report provides stakeholders with an understanding of the market’s pulse, including key drivers, restraints, opportunities, and challenges.

The report will provide insights into the following points:

Analysis of key drivers (longer lifespan without moving parts boosts adoption in mission-critical applications, high-speed switching drives uptake in industrial automation and process control, shock and vibration resilience fuels demand in transportation and heavy industries), restraints (high upfront costs restrict adoption in price-sensitive markets, heat generation and thermal management needs hinder large-scale deployment), opportunities (high upfront costs restrict adoption in price-sensitive market, heat generation and thermal management needs hinder large-scale deployment), and challenges (leakage current in the “off” state raises reliability concerns in sensitive applications, limited load compatibility restricts SSR versatility across industries) of the solid state relay market
Product development /Innovation: Detailed insights into upcoming technologies, research & development activities, and new product launches in the solid state relay market
Market Development: Comprehensive information about lucrative markets; the report analyses the solid state relay market across various regions
Market Diversification: Exhaustive information about new products launched, untapped geographies, recent developments, and investments in the solid state relay market
Competitive Assessment: In-depth assessment of market share, growth strategies, and offering of leading players, including TE Connectivity (Switzerland), Panasonic Corporation (Japan), Eaton (Ireland), Infineon Technologies AG(Germany), and Broadcom (US) in the solid state relay market.

1 Introduction: 1.1 Study Objectives; 1.2 Market Definition; 1.3 Study Scope; 1.3.1 Markets Covered And Regional Scope; 1.3.2 Years Considered; 1.3.3 Inclusions And Exclusions; 1.4 Currency Considered; 1.5 Unit Considered; 1.6 Limitations; 1.7 Stakeholders; 1.8 Summary Of Changes
2 Research Methodology: 2.1 Research Data; 2.1.1 Secondary And Primary Research; 2.1.2 Secondary Data; 2.1.2.1 List Of Key Secondary Sources; 2.1.2.2 Key Data From Secondary Sources; 2.1.3 Primary Data; 2.1.3.1 Intended Participants And Key Opinion Leaders; 2.1.3.2 Breakdown Of Primaries; 2.1.3.3 Key Data From Primary Sources; 2.1.3.4 Key Industry Insights; 2.2 Market Size Estimation; 2.2.1 Bottom-up Approach; 2.2.1.1 Approach To Arrive At Market Size Using Bottom-up Analysis; (Demand Side); 2.2.2 Top-down Approach; 2.2.2.1 Approach To Arrive At Market Size Using Top-down Analysis; (Supply Side); 2.3 Market Breakdown And Data Triangulation; 2.4 Research Assumptions; 2.5 Research Limitations; 2.6 Risk Analysis
3 Executive Summary
4 Premium Insights: 4.1 Attractive Opportunities For Players In Solid-state Relay Market; 4.2 Solid-state Relay Market In Asia Pacific, By Application And Country; 4.3 Solid-state Relay Market, By Type; 4.4 Solid-state Relay Market, By Country
5 Market Overview: 5.1 Introduction; 5.2 Market Dynamics; 5.2.1 Drivers; 5.2.1.1 Longer Operational Lifespan; 5.2.1.2 Rapid Switching Capabilities; 5.2.1.3 Increasing Application In Transportation And Heavy Industry Sectors; 5.2.2 Restraints; 5.2.2.1 High Initial Cost Of Ssrs; 5.2.2.2 Significant Heat Generation And Additional Thermal Management; 5.2.3 Opportunities; 5.2.3.1 Adoption Of Protected Ssrs In Automotive Sector; 5.2.3.2 Increasing Adoption Of Compact High-voltage Ssrs In Hvac And Industrial Markets; 5.2.3.3 Growing Application Of Isolation-enabled Ssrs; 5.2.3.4 Implementation Of Zero-crossing Switching Technology In Ssrs; 5.2.4 Challenges; 5.2.4.1 Leakage Current In “off” State; 5.2.4.2 Challenges In Achieving Broad Compatibility With Diverse Load Types; 5.3 Value Chain Analysis; 5.4 Ecosystem Analysis; 5.5 Investment And Funding Scenario; 5.6 Trends/Disruptions Impacting Customer Business; 5.7 Pricing Analysis; 5.7.1 Pricing Trend Of Solid-state Relays, By Current Rating, 2024; 5.7.2 Average Selling Price Trend Of Solid-state Relays, By Region, 2021–2024; 5.8 Technology Analysis; 5.8.1 Key Technologies; 5.8.1.1 Power Semiconductor Devices; 5.8.1.2 Optocouplers/Photovoltaic Isolators; 5.8.1.3 Thermal Management Materials; 5.8.2 Complementary Technologies; 5.8.2.1 Power Management Ics; 5.8.2.2 Industrial Communication Protocols; 5.8.3 Adjacent Technologies; 5.8.3.1 Industrial Automation & Robotics; 5.8.3.2 Evs & Charging Infrastructure; 5.8.3.3 Iot & Edge Computing Devices; 5.9 Impact Of Ai/Gen Ai On Solid-state Relay Market; 5.9.1 Top Use Cases And Market Potential; 5.9.1.1 Predictive Maintenance Of Ssrs In Industrial Automation; 5.9.1.2 Ai-driven Fault Detection And Diagnostics For Critical Infrastructure; 5.9.1.3 Ai-based Demand Forecasting And Inventory Optimization; 5.9.1.4 Gen Ai-based Ssr Material Design And Thermal Optimization; 5.9.1.5 Digital Twin Simulations For Ssr Lifecycle Management; 5.10 Porter’s Five Forces Analysis; 5.10.1 Intensity Of Competitive Rivalry; 5.10.2 Threat Of New Entrants; 5.10.3 Threat Of Substitutes; 5.10.4 Bargaining Power Of Buyers; 5.10.5 Bargaining Power Of Suppliers; 5.11 Key Stakeholders And Buying Criteria; 5.11.1 Key Stakeholders In Buying Process; 5.11.2 Buying Criteria; 5.12 Use Case And Case Study Analysis; 5.12.1 Toward Technologies Reduces Relay Footprint With Vertical Multi-channel Architecture For Keysight; 5.12.2 Coonectwell Slim Ssrs Maximize Panel Space And Lower Costs For Absolute Motion’s Industrial Control Solutions; 5.12.3 Littlefuse Cpc1561b Ssr Boosts Reliability And Fault Protection In Smart Home And Automation Systems; 5.13 Trade Analysis; 5.13.1 Import Data (Hs 8536); 5.13.2 Export Data (Hs 8536); 5.14 Tariff And Regulatory Landscape; 5.14.1 Regulatory Bodies, Government Agencies, And Other Organizations; 5.15 Patent Analysis, 2016–2025; 5.16 Key Conferences And Events, 2025–2026; 5.17 Impact Of 2025 Us Tariff On Solid-state Relay Market; 5.17.1 Introduction; 5.17.2 Key Tariff Rates; 5.17.3 Price Impact Analysis; 5.17.4 Key Impacts On Country/Region; 5.17.4.1 Us; 5.17.4.2 Europe; 5.17.4.3 Asia Pacific; 5.17.5 Impact On Applications
6 Solid-state Relay Market, By Current Rating: 6.1 Introduction; 6.2 Low; 6.2.1 Rising Demand For Miniaturization And Energy Efficiency To Drive Market; 6.3 Medium; 6.3.1 Increasing Demand For Maintenance-free Components To Support Market Growth; 6.4 High; 6.4.1 Expansion Of Renewable Energy Systems To Foster Market Growth
7 Solid-state Relay Market, By Mounting Type: 7.1 Introduction; 7.2 Panel; 7.2.1 Growing Need To Regulate Current Leakage To Foster Segmental Growth; 7.3 Pcb; 7.3.1 Emphasis On Reducing Size Of Systems To Drive Market; 7.4 Din-rail; 7.4.1 Ability To Offer Large Power Density With More Connection Options To Fuel Market Growth; 7.5 Other Mounting Types
8 Solid-state Relay Market, By Output Voltage: 8.1 Introduction; 8.2 Ac; 8.2.1 Rising Demand For Energy-efficient Switching In Hvac, Industrial Heating, And Lighting Systems To Drive Market; 8.3 Dc; 8.3.1 Increasing Applications For Heating, Lighting, And Motion Control To Boost Demand; 8.4 Ac/Dc; 8.4.1 Growing Demand For Small And Economic Ssrs To Foster Market Growth
9 Solid-state Relay Market, By Type: 9.1 Introduction; 9.2 Reed-relay-coupled Ssr; 9.2.1 Growing Demand For Precision Test And Measurement Equipment To Fuel Market Growth; 9.3 Transformer-coupled Ssr; 9.3.1 Need For Robust Switching Solutions In Harsh Industrial Environments To Drive Market; 9.4 Opto-coupled Ssr; 9.4.1 Trend Of Smart Energy Management To Support Market Growth; 9.5 Other Types
10 Solid-state Relay Market, By Application: 10.1 Introduction; 10.2 Industrial Automation; 10.2.1 Rising Demand For Consumer Goods To Fuel Market Growth; 10.2.2 Machine Tools; 10.2.3 Elevators; 10.2.4 Conveyor Systems; 10.2.5 Industrial Robotics; 10.2.6 Material Handling Equipment; 10.2.7 Others; 10.3 Building Equipment; 10.3.1 Increasing Demand For Low-power Consumption Equipment To Support Market Growth; 10.3.2 Lighting Systems; 10.3.2.1 Office Lighting Systems; 10.3.2.2 Warehouse/Theatrical Lighting Systems; 10.3.3 Security & Access Control Systems; 10.3.4 Hvac Systems; 10.3.4.1 Others; 10.4 Industrial Oem; 10.4.1 Growing Need For Efficient Electronic Equipment And Components To Boost Demand; 10.4.2 Electronics Equipment; 10.4.3 Packaging Devices; 10.4.4 Plastic & Printing Devices; 10.4.5 Others; 10.5 Energy & Infrastructure; 10.5.1 Increasing Demand For Optimum Power Switching Solutions To Fuel Market Growth; 10.5.2 Power Distribution; 10.5.3 Solar Tracking Systems; 10.5.4 Wind Turbines; 10.5.5 Others; 10.6 Automotive; 10.6.1 Growing Applications In Evs And Hybrid Evs’ Batteries To Foster Market Growth; 10.6.2 Electric Vehicles; 10.7 Transportation; 10.7.1 Significant Applications In Mobile Hvac Systems To Support Market Growth; 10.7.2 Train Control Systems; 10.7.3 Others; 10.8 Medical; 10.8.1 Implementation In Electrocardiographs And Electroencephalographs To Foster Market Growth; 10.8.2 Dialysis Machines; 10.8.3 Medical Sterilizers; 10.8.4 Incubators; 10.8.5 Others; 10.9 Water Pumps; 10.9.1 Rising Demand For Smart Water Management Systems To Fuel Market Growth; 10.9.2 Wastewater Treatment; 10.9.3 Others; 10.10 Communication; 10.10.1 Increasing Demand For High-speed Response To Drive Market; 10.11 Food & Beverages; 10.11.1 Growing Trend Of Processed Food And Packaged Eatables To Foster Market Growth; 10.11.2 Ovens; 10.11.3 Coffee Makers & Vending Machines; 10.11.4 Others
11 Solid-state Relay Market, By Region: 11.1 Introduction; 11.2 North America; 11.2.1 Macroeconomic Outlook For North America; 11.2.2 Us; 11.2.2.1 Emphasis On Strengthening Electrification Technologies To Drive Market; 11.2.3 Canada; 11.2.3.1 Growing Adoption Of Advanced Ai-enabled Manufacturing To Support Market Growth; 11.2.4 Mexico; 11.2.4.1 Increasing Adoption Of Robotics And Smart Manufacturing Processes To Fuel Market Growth; 11.3 Europe; 11.3.1 Macroeconomic Outlook For Europe; 11.3.2 Germany; 11.3.2.1 Growth Of Smart Cities To Drive Market; 11.3.3 Uk; 11.3.3.1 Emphasis On Private Investment And National-scale Infrastructure To Boost Demand; 11.3.4 France; 11.3.4.1 Growing Focus On Developing Intelligent Machines And Transforming Industrial Sites To Drive Market; 11.3.5 Italy; 11.3.5.1 Adoption Of Industry 4.0/5.0 To Fuel Market Growth; 11.3.6 Rest Of Europe; 11.4 Asia Pacific; 11.4.1 China; 11.4.1.1 Emphasis On Strengthening Local Supply Of Smart Manufacturing Equipment To Foster Market Growth; 11.4.2 Japan; 11.4.2.1 Developed Robotics Market To Boost Demand; 11.4.3 South Korea; 11.4.3.1 Rising Investments In Semiconductors, Ai, And Robotics To Benefit Market; 11.4.4 India; 11.4.4.1 Emphasis On Factory Automation And Digitalization To Foster Market Growth; 11.4.5 Rest Of Asia Pacific; 11.5 Row; 11.5.1 Middle East; 11.5.1.1 Rising Investments In Infrastructure Development To Boost Demand; 11.5.2 Africa; 11.5.2.1 Expanding Data Centers And Rising Ev Adoption To Drive Market; 11.5.3 South America; 11.5.3.1 Increasing Per Capita Income And Expanding Food Sector To Foster Market Growth
12 Competitive Landscape: 12.1 Overview; 12.2 Key Player Strategies/Right To Win, 2021–2025; 12.3 Revenue Analysis, 2020–2024; 12.4 Market Share Analysis, 2024; 12.5 Company Valuation And Financial Metrics, 2025; 12.6 Brand/Product Comparison; 12.7 Company Evaluation Matrix: Key Players, 2024; 12.7.1 Stars; 12.7.2 Emerging Leaders; 12.7.3 Pervasive Players; 12.7.4 Participants; 12.7.5 Company Footprint; 12.7.5.1 Company Footprint; 12.7.5.2 Region Footprint; 12.7.5.3 Type Footprint; 12.7.5.4 Mounting Type Footprint; 12.7.5.5 Output Voltage Footprint; 12.7.5.6 Current Rating Footprint; 12.7.5.7 Application Footprint; 12.8 Solid-state Relay Market: Startups/Smes Evaluation Matrix, 2024; 12.8.1 Progressive Companies; 12.8.2 Responsive Companies; 12.8.3 Dynamic Companies; 12.8.4 Starting Blocks; 12.8.5 Competitive Benchmarking: Startups/Smes, 2024; 12.8.5.1 Detailed List Of Key Startups/Smes; 12.8.6 Competitive Benchmarking; 12.9 Competitive Scenarios; 12.9.1 Product Launches; 12.9.2 Deals
13 Company Profiles: 13.1 Key Players; 13.1.1 Te Connectivity; 13.1.1.1 Business Overview; 13.1.1.2 Products/Solutions/Services Offered; 13.1.1.3 Mnm View; 13.1.1.3.1 Key Strengths/Right To Win; 13.1.1.3.2 Strategic Choices; 13.1.1.3.3 Weaknesses/Competitive Threats; 13.1.2 Infineon Technologies Ag; 13.1.2.1 Business Overview; 13.1.2.2 Products/Solutions/Services Offered; 13.1.2.3 Recent Developments; 13.1.2.3.1 Product Launches; 13.1.2.4 Mnm View; 13.1.2.4.1 Key Strengths/Right To Win; 13.1.2.4.2 Strategic Choices; 13.1.2.4.3 Weaknesses/Competitive Threats; 13.1.3 Broadcom; 13.1.3.1 Business Overview; 13.1.3.2 Products/Solutions/Services Offered; 13.1.3.3 Mnm View; 13.1.3.3.1 Key Strengths/Right To Win; 13.1.3.3.2 Strategic Choices; 13.1.3.3.3 Weaknesses/Competitive Threats; 13.1.4 Panasonic Corporation; 13.1.4.1 Business Overview; 13.1.4.2 Products/Solutions/Services Offered; 13.1.4.3 Mnm View; 13.1.4.3.1 Key Strengths/Right To Win; 13.1.4.3.2 Strategic Choices; 13.1.4.3.3 Weaknesses/Competitive Threats; 13.1.5 Eaton; 13.1.5.1 Business Overview; 13.1.5.2 Products/Solutions/Services Offered; 13.1.5.3 Recent Developments; 13.1.5.3.1 Expansions; 13.1.5.4 Mnm View; 13.1.5.4.1 Key Strengths/Right To Win; 13.1.5.4.2 Strategic Choices; 13.1.5.4.3 Weaknesses/Competitive Threats; 13.1.6 Sensata Technologies, Inc.; 13.1.6.1 Business Overview; 13.1.6.2 Products/Solutions/Services Offered; 13.1.6.3 Recent Developments; 13.1.6.3.1 Expansions; 13.1.7 Schneider Electric; 13.1.7.1 Business Overview; 13.1.7.2 Products/Solutions/Services Offered; 13.1.8 Siemens; 13.1.8.1 Business Overview; 13.1.8.2 Products/Solutions/Services Offered; 13.1.9 Rockwell Automation; 13.1.9.1 Business Overview; 13.1.9.2 Products/Solutions/Services Offered; 13.1.10 Abb; 13.1.10.1 Business Overview; 13.1.10.2 Products/Solutions/Services Offered; 13.1.11 Ametek.Inc.; 13.1.11.1 Business Overview; 13.1.11.2 Products/Solutions/Services Offered; 13.1.11.3 Recent Developments; 13.1.11.3.1 Deals; 13.1.12 Texas Instruments Incorporated; 13.1.12.1 Business Overview; 13.1.12.2 Products/Solutions/Services Offered; 13.1.12.3 Recent Developments; 13.1.12.3.1 Product Launches; 13.1.13 Carlo Gavazzi Holding Ag; 13.1.13.1 Business Overview; 13.1.13.2 Products/Solutions/Services Offered; 13.1.13.3 Recent Developments; 13.1.13.3.1 Product Launches; 13.1.14 Omron Corporation; 13.1.14.1 Business Overview; 13.1.14.2 Products/Solutions/Services Offered; 13.1.15 Vishay Intertechnology, Inc.; 13.1.15.1 Business Overview; 13.1.15.2 Products/Solutions/Services Offered; 13.1.15.3 Recent Developments; 13.1.15.3.1 Product Launches; 13.2 Other Players; 13.2.1 Omega Engineering Inc.; 13.2.2 Celduc Relais; 13.2.3 Teledyne Aerospace & Defense Electronics.; 13.2.4 Comus International; 13.2.5 Arico Technology Co., Ltd.; 13.2.6 Geya Electrical Equipment Supply; 13.2.7 Shenle Corporation Ltd.; 13.2.8 Zhejiang Hugong Automation Technology Co, Ltd.; 13.2.9 Cnc Electric Group Co., Ltd.; 13.2.10 Wenzhou Lorentzzi Electric Co., Ltd.; 13.2.11 Denso Corporation; 13.2.12 Littelfuse, Inc.
14 Appendix: 14.1 Insights From Industry Experts; 14.2 Discussion Guide; 14.3 Knowledgestore: Marketsandmarkets’ Subscription Portal; 14.4 Customization Options; 14.5 Related Reports; 14.6 Author Details

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