According to Market Research Future (MRFR), the global solid state relay market had a valuation of USD 1.09 billion in 2018 and is projected to reach USD 1.78 billion with a CAGR of 7.23% from 2019 to 2025 (forecast period). The report explores the impact of COVID-19 on the market, including potential opportunities and challenges, drivers and risks, and market growth projections focusing on various scenarios.
Solid state relays are designed to switch both AC and DC currents using a silicone-controlled rectifier (SCR), a triode for alternating current (TRIAC), or switching transistor output instead of the usual mechanical normally-open (NO) contacts. These relays are suitable for a wide range of switching applications as they have no moving parts, no contact failures, and generate little or no noise. The adoption of solid state relays has mainly been seen in home electronics, industrial machinery, medical equipment, communications equipment, and transport.
Market Dynamics
Development in automation across industry verticals is one of the key factors contributing to the global market's growth for solid state relays. In addition, long operating life and less maintenance of solid state relays have compelled manufacturers to replace electromechanical relays with solid state relays.
Key Players
MRFR has identified a few companies as leading players in the Global Solid State Relay Market. These include Omron Corporation (Japan), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), ABB Ltd (Switzerland), General Electric (US), Avago Technologies, Ltd (US), Crydom Inc. (US), Omega Engineering Inc. (US), Celduc Relais (France), Fujitsu Limited (Japan), Infineon Technologies AG (Germany), Carlo Gavazzi Holding AG (Switzerland), Vishay Intertechnology (Siliconix) (US), Fairchild Semiconductor (US), and STMicroelectronics (Switzerland).
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Market Segmentation
The global market for solid state relay has been segmented based on mounting type, output voltage, current rating, and application.
- By mounting type, the global market has been segmented into panel mount, PCB mount, DIN rail mount, and others.
- Based on the output voltage, the global market has been segmented into DC solid state relay, AC solid state relay, and AC/DC solid state relay.
- Based on the current rating, the global market has been segmented into low (0–20A), medium (20A–50A), and high (50A & Above).
- By application, the global market has been segmented into industrial automation, automotive & transportation, building equipment, industrial OEM, energy & infrastructure, medical devices, food & beverages, and others.
Regional Analysis
The geographic analysis of the global solid state relay market has been done for North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America.
The North American region dominated the solid state relay market in 2018. The market has experienced a huge foothold of the automotive, food & beverage, building equipment, and manufacturing industries. This increased the demand for solid state relays for use in different industrial process control applications.
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TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Solid State Relay Market, By Segments
- Competitive Analysis
Continued…
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According to Market Research Future (MRFR), the global Solid State Relay market is expected to develop from USD 1.09 billion in 2018 to USD 1.78 billion by 2025, with a CAGR of 7.23% from 2018 to 2025 (forecast period).
The solid state relay market report explores the impact of COVID-19 on the market, including potential opportunities and challenges, drivers and risks, and market growth projections focusing on various scenarios.
Solid state relays are designed to switch both AC and DC currents using a silicone-controlled rectifier (SCR), a triode for alternating current (TRIAC), or switching transistor output instead of the usual mechanical normally-open (NO) contacts.
In addition, long operating life and less maintenance of solid state relays have compelled manufacturers to replace electromechanical relays with solid state relays.
These include Omron Corporation (Japan), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), ABB Ltd (Switzerland), General Electric (US), Avago Technologies, Ltd (US), Crydom Inc. (US), Omega Engineering Inc. (US), Celduc Relais (France), Fujitsu Limited (Japan), Infineon Technologies AG (Germany), Carlo Gavazzi Holding AG (Switzerland), Vishay Intertechnology (Siliconix) (US), Fairchild Semiconductor (US), and STMicroelectronics (Switzerland).
Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/8645 Market Segmentation The global market for solid state relay has been segmented based on mounting type, output voltage, current rating, and application.
Solid State Relay Market SizeThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Solid State Relay Market Size.
The growth sectors of the Solid State Relay Market Size are identified with precision for a better growth perspective.Electricity or power plays a significant role in society.
Given the amount of power that is used to perform the day-to-day activities as well as industrial operations, power outage can bring everything to a standstill.
The system comprises a miniature sensor that helps turn off a high voltage electric signal and avoid electric shocks as well as high voltage load on the appliances.
With the emergence of solid-state relay, the growth of the consumer electronics and semiconductors and integrated circuits industry has been noted globally in recent years.Solid State Relay Industry DynamicsThe current scenario involves more and more research and development shifting towards compact, low maintenance and automated products.
Some of the factors that are inducing the expansion of the solid state relay industry include the soaring demand for upgraded power of infrastructure that are aging, rising establishment of offshore Wind farm, increasing number of startup companies that offer solutions and the advantages of using sold state relay including their flexibility, compact size and less need for maintenance.Solid state relays have several applications within the parent market, for instance the deployment of smart grid systems at homes.
Market HighlightsAccording to Market Research Future, the global solid state relay market has been segmented on the basis of mounting type, output voltage, current rating, application, and region.By mounting type, the global solid state relay market has been segmented into panel mount, PCB mount, DIN rail mount, and others.
Among these products, the DIN rail mounting type is estimated to witness the largest growth during the forecast period.
Since the structure of these mounts is designed as per industry standards, it is highly accepted across geographies.Based on output voltage, the global solid state relay market has been segmented into AC solid state relay, DC solid state relay, and AC/DC solid state relay.
Among the above-mentioned segments, the AC/DC solid state relay segment is estimated to grow with the fastest rate during the forecast period 2020–2027.
One of the major reasons contributing to the growth of this segment is the adoption of AC/DC solid state relay in control system applications.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8645On the basis of the current rating, the global solid state relay market has been segmented into low (0–20A), medium (20A–50A), and high (50A & above).
Among these segments, the market for low current rating of solid-state relays is estimated to grow at the fastest rate during the forecast period.
Solid State Relay Market 2021-2025New Study Reports " Solid State Relay Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2025" has been Added on MarketResearchFuture.Introduction/Report Summary:This report provides in depth study of “Solid State Relay Market” using SWOT analysis i.e.
In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Solid State Relay industry.According to Market Research Future, the market for Solid State Relays has been segmented on the basis of type, operating system, distribution channel, input device, and region.Key PlayersThe report has profiled some of the Important players prevalent in the global like – The Key Players in the Solid State Relay Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are Omega Engineering Inc. (US), Omron Corporation (Japan), Fujitsu Limited (Japan), ABB Ltd (Switzerland), General Electric (US), Fairchild Semiconductor (US), STMicroelectronics (Switzerland), Crydom Inc. (US), Celduc Relais (France), Infineon Technologies AG (Germany), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), Avago Technologies, Ltd (US), Carlo Gavazzi Holding AG (Switzerland), and Vishay Intertechnology (Siliconix) (US).
These players contribute a significant share in the growth of the global solid state relay market and more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Solid State Relay.Request for Free Sample Report of “Solid State Relay” Market @ https://www.marketresearchfuture.com/sample_request/8645By mounting type, the global solid state relay market has been segmented into panel mount, PCB mount, DIN rail mount, and others.
Since the structure of these mounts is designed as per industry standards, it is highly accepted across geographies.Based on output voltage, the global solid state relay market has been segmented into AC solid state relay, DC solid state relay, and AC/DC solid state relay.
Among the above-mentioned segments, the AC/DC solid state relay segment is estimated to grow with the fastest rate during the forecast period 2019–2025.
The major factors fueling the growth of the solid-state relay market include increasing digitization and automation in the consumer electronics industry; growing modernization of electric vehicles; robust features of SSR, such as high switching frequency and resistance to shock and vibration; and low noise while operating, long operating life, and low maintenance and compact size of SSR.
Browse 65 market data Tables and 66 Figures spread through 165 Pages and in-depth TOC on "Solid State Relay Market - Global Forecast to 2024" Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=260413598 Panel-mount SSR to lead solid state relay market by 2024 Panel-mount SSRs can be easily mounted on flat panels of heat sinks with the help of screws.
The panel-mount SSR delivers a high surge capability with up to 1,200 V blocking voltage and 4,000 V optical isolation.
They also have a zero-voltage turn-on and a high thermal rating with reduced power dissipation.
High-voltage/current AC SSRs mostly incorporate SCR or TRIAC as a switching device.
The circuit is never interrupted in the middle of a sine wave peak, preventing large transient voltages that are caused due to a sudden collapse of the magnetic field around the inductance.
