Global Solid State Relay Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Solid State Relay Market By Mounting Type (Panel Mount, PCB Mount, DIN Rail Mount, Others), Output Voltage (AC SSR, DC SSR, AC/DC SSR), Current Rating (Low, Medium, High), Application (Industrial Automation, Building Equipment, Industrial OEM, Energy & Infrastructure, Automotive & Transportation, Medical, Food & Beverage), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Solid State Relay Market

Global Solid State Relay Market is expected to rise from its initial estimated value of USD 1 billion in 2018 to an estimated value of USD 1.60 billion by 2026, registering a CAGR of 5.97% in the forecast period of 2019-2026. This rise in market value can be attributed to the modernization and increased adoption from the consumer electronics and electrical industry.

Market Definition: Global Solid State Relay Market

Solid state relay is a type of electronic device that switches itself when an external surge of voltage flows through the device. These devices are applied on various control terminals and are consisting of a sensor and a switching device which switches the power to the load circuit.

Market Drivers:

  • Growth of the digital age and autonomous operations in various industries; this is expected to drive the market growth
  • Benefits and features of the product such as resistance against vibration & shocks is increasing the demand for the product; this factor is expected to drive the market growth

Market Restraints:

  • Availability of cheaper substitutes in the market is expected to restrain the market growth
  • Loss of power and current during switching on and off solid state relay; this factor is expected to act as a restraint to the market growth

Segmentation: Global Solid State Relay Market

  • By Mounting Type

    • Panel Mount
    • Printed Circuit Board (PCB) Mount
    • DIN Rail Mount
    • Others

  • By Output Voltage

    • Alternate Current Solid State Relay (AC SSR)
    • Direct Current Solid State Relay (DC SSR)
    • Alternate Current/Direct Current Solid State Relay (AC/DC SSR)

  • By Current Rating

    • Low (0-20A)
    • Medium (20-50A)
    • High (50A & Above)

  • By Application

    • Industrial Automation

      • Machine Tools
      • Elevators
      • Conveyor Systems
      • Industrial Robots
      • Material Handling Equipment
      • Others

    • Building Equipment

      • Lighting Systems

        • Office Lighting Systems
        • Warehouse/Theatrical Lighting Systems

      • Security & Access Control Systems
      • HVAC Systems
      • Others

    • Industrial OEM

      • Electronics Equipment
      • Packaging Devices
      • Plastic & Printing Devices
      • Others

    • Energy & Infrastructure

      • Power Distribution
      • Solar Tracking Systems
      • Wind Turbines
      • Others

    • Automotive & Transportation

      • Train Control Systems
      • Electric Vehicles
      • Others
      • Medical
      • Dialysis Machines
      • Medical Sterilizers
      • Incubators
      • Others

    • Food & Beverage

      • Ovens
      • Coffee Makers & Vending Machines
      • Others

  • By Geography

    • North America

      • US
      • Canada
      • Mexico

    • South America

      • Brazil
      • Argentina
      • Rest of South America

    • Europe

      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Rest of Europe

    • Asia-Pacific

      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific

    • Middle East and Africa

      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Key Developments in the Market:

  • In November 2018, Carlo Gavazzi Holding AG announced the launch of a new series of solid state relay products. The new series termed as “RGC3 48 Series” include products that have been equipped with dual mounting capabilities of panel mount and thru-wall mount. This product launch will increase their share in the market due to the popularity of the products available in the series.
  • In December 2016, Vishay Intertechnology announced the launch of expanded VOR series of hybrid solid state relays for usage in telecommunications and networking industries, industrial applications and various others verticals. The new products included in the series are increasingly cost effective and provide enhanced levels of temperature range.

Competitive Analysis

Global solid state relay market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of solid state relay market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players

Few of the major competitors currently working in solid state relay market are TE Connectivity; Broadcom; Crydom Inc.; Carlo Gavazzi Holding AG; OMRON Corporation; OMEGA Engineering; Rockwell Automation, Inc.; IXYS Integrated Circuits Division; AMETEK.Inc.; FUJITSU; Vishay Intertechnology; Teledyne Relays; celduc relais; Panasonic Corporation; Connectwell Industries Pvt. Ltd.; Eaton; ARICO TECHNOLOGY CO., LTD.; PHOENIX CONTACT and Emtech Solution.

Research Methodology

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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