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Solid State Relay Market Report to Study Various Key Drivers, Size, Share, Trends, Growth and Future Scope Analysis till 2027

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Shweta Raj
Solid State Relay Market Report to Study Various Key Drivers, Size, Share, Trends, Growth and Future Scope Analysis till 2027

Market Highlights

According 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. This type of mounting is used for circuit breakers and industrial control equipment inside equipment racks. 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.

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On 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. The demand for thermostats in devices that generate continuous heat has encouraged the adoption of solid-state relays with low current rating.

By application, the global solid state relay market has been segmented industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical devices, food & beverages, and others. Among these applications, the automotive & transportation segment is estimated to witness the fastest growth during the forecast period. This is due to increasing demand for electric vehicles, advanced driver assistance systems (ADAS), and infotainment systems which are usually battery operated and deployed for several switching applications.

Regional Analysis

By region, the Global Solid State Relay Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. Among these regions, the North American region is expected to dominate the global market during the forecast period, whereas, the Asia-Pacific region is estimated to witness the fastest growth during the forecast period, 2020–2027.

Key Players

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.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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