Market Analysis
Market Research Future (MRFR) projects the global Solid State Relay Market Share to reach USD 1.78 billion at a CAGR of 7.23% from 2019 to 2025 (forecast period).
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Market Segmentation
The global Solid State Relay Applications Market has been segmented based on mounting type, output voltage, current rating, and application.
Based on mounting type, the global solid state relay market has been segmented into panel mount, PCB mount, DIN rail mount, and others.
Based on the 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.
Based on the current rating, the global solid state relay market has been segmented into low (0–20A), medium (20A–50A), and high (50A & Above).
Based on application, the global solid state relay market has been segmented into industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical devices, food & beverages, and others.
Regional Analysis
By region, the global Solid State Relay Market Share has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Central & South America.
In 2018, the North American region dominated the global solid state relay industry. The automotive, food and beverage, building equipment, and manufacturing industries have had a significant presence in the market. As a result, the market for solid state relays for use in various industrial process control applications has increased. The Asia Pacific region, on the other hand, is expected to experience the fastest growth in the solid state relay market during the forecast period. The rise of automation and industrialization in China, Japan, India, and South Korea has contributed to the expansion of the global solid state relay industry.
Key Players
MRFR has recognized a few companies as key players in the global solid state relay market. These include Rockwell Automation, Inc. (US), Omron Corporation (Japan), General Electric (US), Fujitsu Limited (Japan), Teledyne Relays, Inc. (US), Crydom Inc. (US), ABB Ltd (Switzerland), Avago Technologies, Ltd (US), Omega Engineering Inc. (US), Celduc Relais (France), Vishay Intertechnology (Siliconix) (US), Infineon Technologies AG (Germany), Fairchild Semiconductor (US), Carlo Gavazzi Holding AG (Switzerland), and STMicroelectronics (Switzerland).
Apart from the players mentioned above, Texas Instruments Incorporated (US), Linear Technology (US), Arico Technology (Taiwan), Ametek (US), Eaton (Ireland), Broadcom Ltd (US), Ixys Integrated Circuits Division (US), and TE Connectivity (Switzerland) also have a noteworthy presence in the global solid state relay market.
Summary
The global solid state relay market is set to reach USD 1.78 billion at a CAGR of 7.23% from 2019 to 2025 (forecast period). Automation advancements across industry verticals are one of the major factors driving the growth of the global solid state relays market. Furthermore, the long operating life and low maintenance of solid state relays have prompted manufacturers to replace electromechanical relays with solid state relays.
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