Solid State Relay Market

Solid State Relay Market by Mounting Type (Panel, PCB, DIN Rail), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Application (Industrial Automation, Building Equipment, Industrial OEM), and Geography - Global Forecast to 2024

Report Code : SE 3675
Published ON : Mar, 2019

[165 Pages Report] The overall solid state relay market is expected to grow from USD 1.2 billion in 2019 to USD 1.6 billion by 2024, at a CAGR of 5.7%. The market growth is propelled by 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.

Solid State Relay Market

Market for PCB-mount SSR to grow at highest CAGR from 2019 to 2024

Market for PCB-mount SSR is expected to grow at the highest CAGR during the forecast period. The PCB-mount SSR is mounted on a printed circuit board (PCB) using either through-hole or surface mount technology (SMT). SSRs are used in various commercial and industrial applications, including plastics and packaging machines, professional food equipment, laboratory ovens, theatrical lighting systems, medical equipment, renewable energy systems, and HVAC. Design engineers are constantly updating their designs while reducing the size of systems and increasing their functions. This has given rise to demand for PCB-mount SSRs, which replaces conventional panel-mount SSRs. For example, PCB-mount SSRs are used in portable dialysis machines owing to need for compactness and ease of transportation.

Market for high current rating SSR to grow at highest CAGR from 2019 to 2024

The high current rating SSR market is estimated to grow at the highest CAGR from 2019 to 2024. The high current rating (50A & above) SSRs are mainly used in building equipment, and energy and infrastructure. SSRs with high current ratings (150A and above) are expensive due to their power semiconductor and heat-sinking requirements. Increasing use of high current rating SSR in elevators, conveyor systems, and machine tools is fuelling the growth of this market.

Automotive & transportation industry to exhibit high growth in solid state relay market during forecast period

The automotive and transportation industry is expected to grow at the highest CAGR from 2019 to 2024. SSR has wide applications in automobiles, such as battery electric vehicles, hybrid electric vehicles, charging stations, commercial trucks, and even combustion engine vehicles. As electric vehicles are battery-operated, SSR finds its application in a number of functions and working of these vehicles. Besides basic functions of an electric vehicle, SSR is used in power windows, car antenna, door lock, intermittent wiper, interior lighting, power seat, power sunroof, car stereo, and car horn. These applications are also common for combustion engine automobiles. Growing demand for electric vehicles is supporting the high growth rate of SSR in automotive and transportation.

Solid State Relay Market

Solid state relay market in APAC to grow at fastest rate during forecast period

The solid state relay market in APAC is expected to grow at the highest CAGR during the forecast period. China and Japan are the countries driving the growth of the SSR market in APAC. APAC has huge growth potential for the SSR market. The market growth in this region can be attributed to the tremendous growth of automotive, food & beverages, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea. 

Key Market Players

As of 2018, Carlo Gavazzi (Switzerland), Omron Corporation (Japan), Vishay Intertechnology (US), Crydom (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), Celduc Relais (France), IXYS Integrated Circuits Division (US), Teledyne Relays (US), Ametek (US), Arico Technology (Taiwan), Connectwell Industries (India), Eaton (Ireland), Emtech Solutions (India), Panasonic (Japan), Phoenix Contact (Germany), and TE Connectivity (Switzerland) were the major players in the solid state relay market.

Crydom is among the leading market players manufacturing solid state relays. The company specializes in providing a wide range of off-the-shelf solid state relays, contractors, and related products, along with customized solid state switching solutions. It operates as a subsidiary of Sensata Technologies. The products offered by Crydom are supplied to markets, which include building equipment, energy & infrastructure, food & beverages, industrial OEM, medical, and transportation. Crydom mainly adopts the strategy of product launches to expand its product portfolio and meet customer demands. For instance, in March 2017, the company launched the PMP Series of proportional control relays. In November 2016, the company launched EL Series AC and DC output solid state relays.

Recent Developments

  • In November 2018, Carlo Gavazzi launched the newest addition to its portfolio of 3-phase RGC3 SSRs. The RGC3 48 Series is a 48 Amps per phase rated device, which can be panel mounted or thru-wall mounted. The new 48 AAC rated 3-phase relay uses a larger, natural convection heat sink that eliminates the need for additional supply voltage, if system monitoring is not required.
  • In November 2018, Broadcom acquired CA Technologies. This acquisition strengthens Broadcom's position as a leading provider of semiconductor and infrastructure software solutions and enables the company to better serve its customers.
  • In July 2018, Rockwell Automation added 6 companies to its PartnerNetwork Program. This program is a collaborative network of leading automation suppliers, distributors, system integrators, and OEM, which can help companies streamline their supply chains, simplify projects, and get more value from automation investments.

Critical Questions:

  • Which mounting type of solid state relay is expected to have the highest demand in the future?
  • Which is the most adopted output voltage SSR in the market?
  • How is the solid state relay applied in various applications to facilitate the switching function?
  • What are the key trends in the solid state relay market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Market Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
           2.1.3 Secondary & Primary Research
                    2.1.3.1 Key Industry Insights
                    2.1.3.2 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Solid State Relay Market, 2019–2024 (USD Billion)
    4.2 Solid State Relay Market, By Mounting Type
    4.3 Solid State Relay Market, By Output Voltage
    4.4 Solid State Relay Market, By Current Rating
    4.5 Solid State Relay Market, By Application
    4.6 Solid State Relay Market, By Geography

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Digitization and Automation in Consumer Electronics Industry
                    5.2.1.2 Growing Modernization of Electric Vehicles to Drive Solid State Relay Market
                    5.2.1.3 Robust Features of SSR Such as High Switching Frequency and Resistance to Shock and Vibration
                    5.2.1.4 Long Operating Life, Low Noise While Operating, Small Size, and Less Maintenance of SSR
           5.2.2 Restraints
                    5.2.2.1 Requirement of Heat Sink to Manage Thermal Load
                    5.2.2.2 Higher Cost Price of SSR Than EMR
                    5.2.2.3 Current Leakage During Switching Off SSR
           5.2.3 Opportunities
                    5.2.3.1 Rise in Start-Up Companies Develop Market Opportunities for SSR
                    5.2.3.2 Increase in Demand for Semiconductors in APAC
           5.2.4 Challenges
                    5.2.4.1 Stringent Quality Standards of Industries
    5.3 Value Chain Analysis
    5.4 Functions of SSR
           5.4.1 Control
           5.4.2 Timing
           5.4.3 Switching
           5.4.4 Monitoring
           5.4.5 Safety

6 Solid State Relay Market, By Mounting Type (Page No. - 48)
    6.1 Introduction
    6.2 Panel Mount
           6.2.1 Panel-Mount SSR to Hold Largest Market During Forecast Period
    6.3 PCB Mount
           6.3.1 Miniaturization of Electrical Equipment is Fuelling the Market for PCB-Mount SSRs
    6.4 DIN Rail Mount
           6.4.1 DIN Rail-Mount SSR to Grow at Highest Rate During Forecast Period
    6.5 Others

7 Solid State Relay Market, By Output Voltage (Page No. - 59)
    7.1 Introduction
    7.2 AC SSR
           7.2.1 AC SSR to Hold Largest Market During Forecast Period
    7.3 DC SSR
           7.3.1 Increasing Adoption of DC SSRs in Control System Applications
    7.4 AC/DC SSR
           7.4.1 AC/DC SSR to Grow at Highest Rate During Forecast Period

8 Solid State Relay Market, By Current Rating (Page No. - 66)
    8.1 Introduction
    8.2 Low (0–20a)
           8.2.1 Low Current Rating SSR to Grow at Highest Rate During Forecast Period
    8.3 Medium (20–50a)
           8.3.1 Medium Current Rating SSR to Hold Largest Size of the Market During Forecast Period
    8.4 High (50a & Above)
           8.4.1 Increasing Usage of High Current Rating SSRs in Building Equipment and Energy & Infrastructure

9 Solid State Relay Market, By Application (Page No. - 75)
    9.1 Introduction
    9.2 Industrial Automation
           9.2.1 Machine Tools
                    9.2.1.1 Machine Tools to Have Maximum Share of SSR Market for Industrial Automation
           9.2.2 Elevators
                    9.2.2.1 SSR Used for Controlling Electric Motor and Hoist Movement in Elevators
           9.2.3 Conveyor Systems
                    9.2.3.1 SSR Safeguards Electric Motor in Conveyor System From Overheating
           9.2.4 Industrial Robotics
                    9.2.4.1 SSR Market for Industrial Robotics to Grow at Highest Rate During Forecast Period
           9.2.5 Material Handling Equipment
                    9.2.5.1 SSR Used for Monitoring Highly Repetitive Operations During Material Handling
           9.2.6 Others
    9.3 Building Equipment
           9.3.1 Lighting Systems
                    9.3.1.1 Office Lighting Systems
                               9.3.1.1.1 SSRs Used in Office Lighting System for Reliable Switching Operations
                    9.3.1.2 Warehouse/Theatrical Lighting Systems
                               9.3.1.2.1 Warehouse/Theatrical Lighting System Requires SSRs for Protection Against Change in Voltage
           9.3.2 Security and Access Control Systems
                    9.3.2.1 SSR Used in Security and Access Control for Overvoltage Protection
           9.3.3 HVAC Systems
                    9.3.3.1 HVAC System Includes Heating Coils and Motorized Dampers That Use SSR
           9.3.4 Others
    9.4 Industrial Oem
           9.4.1 Electronics Equipment
                    9.4.1.1 SSR Protects Electronic Equipment From Overcurrent, Undercurrent, and Reverse Currents
           9.4.2 Packaging Devices
                    9.4.2.1 Growing Demand for Packaged Food is Driving the Growth of SSR in Packaging Devices
           9.4.3 Plastic and Printing Devices
                    9.4.3.1 High Frequency Switching Fuels Demand for SSR
           9.4.4 Others
    9.5 Energy and Infrastructure
           9.5.1 Power Distribution
                    9.5.1.1 SSR Acts as A Protective Device in Power Distribution
           9.5.2 Solar Tracking Systems
                    9.5.2.1 SSR Implemented in Rotary Motors Control Movement of Solar Panels
           9.5.3 Wind Turbines
                    9.5.3.1 SSR Delivers Surplus DC Power From Wind Turbine
           9.5.4 Others
    9.6 Automotive & Transportation
           9.6.1 Train Control Systems
                    9.6.1.1 Train Control System to Have Largest Share of SSR Market for Automotive & Transportation
           9.6.2 Electric Vehicles
                    9.6.2.1 SSR Market for Electric Vehicles to Grow at Highest Rate During Forecast Period
           9.6.3 Others
    9.7 Medical
           9.7.1 Dialysis Machines
                    9.7.1.1 Growth of Portable Dialysis Machines to Fuel Demand for SSR
           9.7.2 Medical Sterilizers
                    9.7.2.1 SSR Helps Medical Sterilizers to Protect Against Irregularities in Temperature and Pressure
           9.7.3 Incubators
                    9.7.3.1 SSR Market for Incubators to Grow at Highest Rate in Medical
           9.7.4 Others
    9.8 Food & Beverages
           9.8.1 Ovens
                    9.8.1.1 SSR Provides Protection to Ovens Against Uncontrolled Transients and Overvoltage
           9.8.2 Coffee Makers & Vending Machines
                    9.8.2.1 SSR Provides Protection Against Voltage Fluctuation
           9.8.3 Others

10 Geographic Analysis (Page No. - 104)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US Expected to Lead the Market for SSR During Forecast Period
             10.2.2 Canada
                        10.2.2.1 Automotive in Canada to Aid SSR Market Growth
             10.2.3 Mexico
                        10.2.3.1 SSR Market in Mexico to Grow at Highest Rate in North America
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany to Hold Largest Market Size of SSR in Europe
             10.3.2 UK
                        10.3.2.1 Industrial Automation in UK to Fuel SSR Market
             10.3.3 France
                        10.3.3.1 Energy & Infrastructure in France to Play Major Role in SSR Market Growth
             10.3.4 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 China to Hold Largest Size of SSR Market in APAC
             10.4.2 Japan
                        10.4.2.1 Robotics in Japan to Support SSR Market Growth
             10.4.3 Rest of APAC
     10.5 RoW
             10.5.1 South America
                        10.5.1.1 South America to Lead SSR Market in RoW
             10.5.2 Middle East
                        10.5.2.1 Building Equipment in Middle East to Support SSR Market Growth

11 Competitive Landscape (Page No. - 120)
     11.1 Overview
     11.2 Ranking of Players in Solid State Relay Market
     11.3 Competitive Leadership Mapping
             11.3.1 Visionaries
             11.3.2 Innovators
             11.3.3 Dynamic Differentiators
             11.3.4 Emerging Companies
     11.4 Strength of Product Portfolio
     11.5 Business Strategy Excellence
     11.6 Competitive Situations & Trends
             11.6.1 Product Launches
             11.6.2 Acquisitions
             11.6.3 Agreements
             11.6.4 Expansions

12 Company Profiles (Page No. - 129)
     12.1 Key Players
             12.1.1 Carlo Gavazzi
                        12.1.1.1 Business Overview
                        12.1.1.2 Products Offered
                        12.1.1.3 Recent Developments
                        12.1.1.4 SWOT Analysis
                        12.1.1.5 MnM View
             12.1.2 Omron Corporation
                        12.1.2.1 Business Overview
                        12.1.2.2 Products Offered
                        12.1.2.3 Recent Developments
                        12.1.2.4 SWOT Analysis
                        12.1.2.5 MnM View
             12.1.3 Vishay Intertechnology
                        12.1.3.1 Business Overview
                        12.1.3.2 Products Offered
                        12.1.3.3 Recent Developments
                        12.1.3.4 SWOT Analysis
                        12.1.3.5 MnM View
             12.1.4 Crydom
                        12.1.4.1 Business Overview
                        12.1.4.2 Products and Services Offered
                        12.1.4.3 Recent Developments
                        12.1.4.4 SWOT Analysis
                        12.1.4.5 MnM View
             12.1.5 Omega Engineering
                        12.1.5.1 Business Overview
                        12.1.5.2 Products Offered
                        12.1.5.3 Recent Developments
                        12.1.5.4 SWOT Analysis
                        12.1.5.5 MnM View
             12.1.6 Broadcom
                        12.1.6.1 Business Overview
                        12.1.6.2 Products Offered
                        12.1.6.3 Recent Developments
                        12.1.6.4 MnM View
             12.1.7 Fujitsu
                        12.1.7.1 Business Overview
                        12.1.7.2 Products Offered
                        12.1.7.3 MnM View
             12.1.8 Rockwell Automation
                        12.1.8.1 Business Overview
                        12.1.8.2 Products Offered
                        12.1.8.3 Recent Developments
                        12.1.8.4 MnM View
             12.1.9 Anacon Electronic Sales
                        12.1.9.1 Business Overview
                        12.1.9.2 Products Offered
                        12.1.9.3 MnM View
             12.1.10 Celduc Relais
                        12.1.10.1 Business Overview
                        12.1.10.2 Products Offered
                        12.1.10.3 Recent Developments
                        12.1.10.4 MnM View
             12.1.11 Ixys Integrated Circuits Division
                        12.1.11.1 Business Overview
                        12.1.11.2 Products Offered
                        12.1.11.3 Recent Developments
                        12.1.11.4 MnM View
             12.1.12 Teledyne Relays
                        12.1.12.1 Business Overview
                        12.1.12.2 Products Offered
                        12.1.12.3 MnM View
     12.2 Other Key Players
             12.2.1 Ametek
             12.2.2 Arico Technology
             12.2.3 Connectwell Industries
             12.2.4 Eaton
             12.2.5 Emtech Solutions
             12.2.6 Panasonic
             12.2.7 Phoenix Contact
             12.2.8 Te Connectivity

13 Appendix (Page No. - 159)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (65 Tables)

Table 1 Solid State Relay Market, By Mounting Type, 2015–2024 (USD Million)
Table 2 Solid State Relay Market for Panel Mount, By Current Rating, 2015–2024 (USD Million)
Table 3 Solid State Relay Market for Panel Mount, By Application, 2015–2024 (USD Million)
Table 4 Solid State Relay Market for PCB Mount, By Current Rating, 2015–2024 (USD Million)
Table 5 Solid State Relay Market for PCB Mount, By Application, 2015–2024 (USD Million)
Table 6 Solid State Relay Market for DIN Rail Mount, By Current Rating, 2015–2024 (USD Million)
Table 7 Solid State Relay Market for DIN Rail Mount, By Application, 2015–2024 (USD Million)
Table 8 Solid State Relay Market for Others, By Current Rating, 2015–2024 (USD Million)
Table 9 Solid State Relay Market for Others, By Application, 2015–2024 (USD Million)
Table 10 Solid State Relay Market, By Output Voltage, 2015–2024 (USD Million)
Table 11 Solid State Relay Market for AC Output Voltage, By Current Rating, 2015–2024 (USD Million)
Table 12 Solid State Relay Market for DC Output Voltage, By Current Rating, 2015–2024 (USD Million)
Table 13 Solid State Relay Market for AC/DC Output Voltage, By Current Rating, 2015–2024 (USD Million)
Table 14 Solid State Relay Market, By Current Rating, 2015–2024 (USD Million)
Table 15 Solid State Relay Market for Low Current Rating, By Mounting Type, 2015–2024 (USD Million)
Table 16 Solid State Relay Market for Low Current Rating, By Output Voltage, 2015–2024 (USD Million)
Table 17 Solid State Relay Market for Low Current Rating, By Application, 2015–2024 (USD Million)
Table 18 Solid State Relay Market for Medium Current Rating, By Mounting Type, 2015–2024 (USD Million)
Table 19 Solid State Relay Market for Medium Current Rating, By Output Voltage, 2015–2024 (USD Million)
Table 20 Solid State Relay Market for Medium Current Rating, By Application, 2015–2024 (USD Million)
Table 21 Solid State Relay Market for High Current Rating, By Mounting Type, 2015–2024 (USD Million)
Table 22 Solid State Relay Market for High Current Rating, By Output Voltage, 2015–2024 (USD Million)
Table 23 Solid State Relay Market for High Current Rating, By Application, 2015–2024 (USD Million)
Table 24 Solid State Relay Market, By Application, 2015–2024 (USD Million)
Table 25 Solid State Relay Market for Industrial Automation, By Type, 2015–2024 (USD Million)
Table 26 Solid State Relay Market for Industrial Automation, By Mounting Type, 2015–2024 (USD Million)
Table 27 Solid State Relay Market for Industrial Automation, By Current Rating, 2015–2024 (USD Million)
Table 28 Solid State Relay Market for Industrial Automation, By Region, 2015–2024 (USD Million)
Table 29 Solid State Relay Market for Building Equipment, By Type, 2015–2024 (USD Million)
Table 30 Solid State Relay Market for Building Equipment, By Mounting Type, 2015–2024 (USD Million)
Table 31 Solid State Relay Market for Building Equipment, By Current Rating, 2015–2024 (USD Million)
Table 32 Solid State Relay Market for Building Equipment, By Region, 2015–2024 (USD Million)
Table 33 Solid State Relay Market for Industrial Oem, By Type, 2015–2024 (USD Million)
Table 34 Solid State Relay Market for Industrial Oem, By Mounting Type, 2015–2024 (USD Million)
Table 35 Solid State Relay Market for Industrial Oem, By Current Rating, 2015–2024 (USD Million)
Table 36 Solid State Relay Market for Industrial Oem, By Region, 2015–2024 (USD Million)
Table 37 Solid State Relay Market for Energy & Infrastructure, By Type, 2015–2024 (USD Million)
Table 38 Solid State Relay Market for Energy & Infrastructure, By Mounting Type, 2015–2024 (USD Million)
Table 39 Solid State Relay Market for Energy & Infrastructure, By Current Rating, 2015–2024 (USD Million)
Table 40 Solid State Relay Market for Energy & Infrastructure, By Region, 2015–2024 (USD Million)
Table 41 Solid State Relay Market for Automotive & Transportation, By Type, 2015–2024 (USD Million)
Table 42 Solid State Relay Market for Automotive & Transportation, By Mounting Type, 2015–2024 (USD Million)
Table 43 Solid State Relay Market for Automotive & Transportation, By Current Rating, 2015–2024 (USD Million)
Table 44 Solid State Relay Market for Automotive & Transportation, By Region, 2015–2024 (USD Million)
Table 45 Solid State Relay Market for Medical, By Type, 2015–2024 (USD Million)
Table 46 Solid State Relay Market for Medical, By Mounting Type, 2015–2024 (USD Million)
Table 47 Solid State Relay Market for Medical, By Current Rating, 2015–2024 (USD Million)
Table 48 Solid State Relay Market for Medical, By Region, 2015–2024 (USD Million)
Table 49 Solid State Relay Market for Food & Beverages, By Type, 2015–2024 (USD Million)
Table 50 Solid State Relay Market for Food & Beverages, By Mounting Type, 2015–2024 (USD Million)
Table 51 Solid State Relay Market for Food & Beverages, By Current Rating, 2015–2024 (USD Million)
Table 52 Solid State Relay Market for Food & Beverages, By Region, 2015–2024 (USD Million)
Table 53 Solid State Relay Market, By Region, 2015–2024 (USD Million)
Table 54 Solid State Relay Market in North America, By Country, 2015–2024 (USD Million)
Table 55 Solid State Relay Market in North America, By Application, 2015–2024 (USD Million)
Table 56 Solid State Relay Market in Europe, By Country, 2015–2024 (USD Million)
Table 57 Solid State Relay Market in Europe, By Application, 2015–2024 (USD Million)
Table 58 Solid State Relay Market in APAC, By Country, 2015–2024 (USD Million)
Table 59 Solid State Relay Market in APAC, By Application, 2015–2024 (USD Million)
Table 60 Solid State Relay Market in RoW, By Region, 2015–2024 (USD Million)
Table 61 Solid State Relay Market in RoW, By Application, 2015–2024 (USD Million)
Table 62 Product Launches, 2016–2018
Table 63 Acquisitions, 2018
Table 64 Agreements, 2017
Table 65 Expansions, 2018


List of Figures (66 figures)

Figure 1 Solid State Relay Market: Research Design
Figure 2 Bottom-Up Approach to Arrive at Market Size
Figure 3 Top-Down Approach to Arrive at Market Size
Figure 4 Data Triangulation
Figure 5 Assumptions of Research Study
Figure 6 Solid State Relay Market Segmentation
Figure 7 Panel Mount to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 8 Medium Current Rating to Hold Largest Share of Solid State Relay Market During Forecast Period
Figure 9 AC Output Voltage to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 10 S0lid State Relay Market for Automotive & Transportation to Grow at Highest CAGR During Forecast Period
Figure 11 APAC to Grow at Highest CAGR During Forecast Period
Figure 12 Growth in Automotive & Transportation Industry to Boost Solid State Relay Market
Figure 13 Panel-Mount SSR to Account Highest Share of Solid State Relay Market From 2019 to 2024
Figure 14 AC SSR to Lead SSR Market From 2019 to 2024
Figure 15 High Current Rating SSR to Grow at Highest CAGR From 2019 to 2024
Figure 16 Industrial Automation to Hold Largest Share of Overall SSR Market in 2018
Figure 17 US to Hold Largest Share of Solid State Relay Market in 2019
Figure 18 DROC: Solid State Relay Market, 2018
Figure 19 Major Value Added During Manufacturing and Assembly Stage
Figure 20 Solid State Relay Market, By Mounting Type
Figure 21 Panel-Mount SSR to Hold Largest Size of Market During Forecast Period
Figure 22 Panel-Mount SSR
Figure 23 PCB-Mount SSR
Figure 24 Low Current Rating SSR to Lead PCB-Mount SSR Market From 2019 to 2024
Figure 25 DIN Rail-Mount SSR
Figure 26 Building Equipment to Hold Largest Size of Other Solid State Relay Market During Forecast Period
Figure 27 Solid State Market, By Output Voltage
Figure 28 AC SSR to Hold Largest Size of Overall Market During Forecast Period
Figure 29 AC SSR Working Principle
Figure 30 DC SSR Working Principle
Figure 31 AC/DC SSR Working Principle
Figure 32 High Current Rating SSR to Lead AC/DC SSR Market During Forecast Period
Figure 33 Solid State Market, By Current Rating
Figure 34 Medium Current Rating SSR to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 35 DC SSR With Low Current Rating to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 36 Panel-Mount SSR With Medium Current Rating to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 37 Panel-Mount SSR With High Current Rating to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 38 Solid State Relay Market, By Application
Figure 39 Industrial Automation to Hold Largest Size of Solid State Relay Market During Forecast Period
Figure 40 Panel-Mount SSR to Dominate Solid State Relay Market for Industrial Automation During Forecast Period
Figure 41 Lighting Systems to Dominate SSR Market for Building Equipment During Forecast Period
Figure 42 Electronics Equipment to Hold Largest Size of SSR Market for Industrial Oem During Forecast Period
Figure 43 APAC to Lead Solid State Relay Market for Industrial Oem During Forecast Period
Figure 44 High Current Rating SSR to Hold Largest Size of SSR Market for Energy & Infrastructure During Forecast Period
Figure 45 Train Control System to Hold Largest Size of SSR Market for Automotive & Transportation During Forecast Period
Figure 46 PCB-Mount SSR to Dominate SSR Market for Medical During Forecast Period
Figure 47 Medium Current Rating SSR to Hold Largest Size of Food & Beverages Industry During Forecast Period
Figure 48 Solid State Relay Market in China to Grow at Highest CAGR During Forecast Period
Figure 49 North America: Snapshot of Solid State Relay Market
Figure 50 Industrial Automation to Hold Largest Size of SSR Market in North America During Forecast Period
Figure 51 Europe: Snapshot of Solid State Relay Market
Figure 52 Renewable Energy Planned Capacity in France, By Source, 2023
Figure 53 APAC: Snapshot of Solid State Relay Market
Figure 54 China to Grow at Highest CAGR From 2019 to 2024
Figure 55 RoW: Snapshot of Solid State Relay Market
Figure 56 Product Launches Emerged as Key Growth Strategy Adopted By Players in Solid State Relay Market From 2016 to 2018
Figure 57 Ranking of Top 5 Players in Solid State Relay Market, 2018
Figure 58 Solid State Relay Market (Global) Competitive Leadership Mapping, 2018
Figure 59 Market Evolution Framework: Product Launches Fueled Growth of Solid State Relay Market During 2016–2018
Figure 60 Product Launches Was Key Strategy Adopted From 2016 to 2018
Figure 61 Carlo Gavazzi: Company Snapshot
Figure 62 Omron Corporation: Company Snapshot
Figure 63 Vishay Intertechnology: Company Snapshot
Figure 64 Broadcom: Company Snapshot
Figure 65 Fujitsu: Company Snapshot
Figure 66 Rockwell Automation: Company Snapshot

The study involved 4 major activities for estimating the current size of the solid state relay market. An exhaustive secondary research was carried out to collect information on market. The next step involved the validation of these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and databases [Semiconductor Industry Association (SIA), National Electrical Manufacturers Association (NEMA), Institute of Electrical and Electronics Engineers (IEEE), OneSource, and Factiva] have been used to identify and collect information for an extensive technical and commercial study of the solid state relay market.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess prospects. Key players in the solid state relay market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research includes the study of annual reports of the top market players and interviews with key opinion leaders, such as CEOs, directors, and marketing personnel.

Solid State Relay Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the solid state relay market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size through the estimation process, the total market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

The objectives of the study are as follows:

  • To describe and forecast the solid state relay (SSR) market, in terms of value, by mounting type, output voltage, current rating, and application
  • To forecast the solid state relay market size, in terms of value, by region-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To provide a detailed overview of the value chain of the solid state relay ecosystem
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, agreements, and expansions in the solid state relay market

Scope of Report:

Report Metric

Details

Years considered for providing market size

2015–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD) in Million/Billion

Segments covered

Mounting Type, Voltage Output, Current Rating, and Application

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Carlo Gavazzi (Switzerland), Omron Corporation (Japan), Vishay Intertechnology (US), Crydom (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), Celduc Relais (France), IXYS Integrated Circuits Division (US), Teledyne Relays (US), Ametek (US), Arico Technology (Taiwan), Connectwell Industries (India), Eaton (Ireland), Emtech Solutions (India), Panasonic (Japan), Phoenix Contact (Germany), and TE Connectivity (Switzerland)

In this report, the overall solid state relay market has been segmented on the basis of mounting type, voltage output, current rating, application, and geography.

Solid State Relay Market, By Mounting Type:

  • Panel
  • PCB
  • DIN Rail
  • Others (plug-in, SO4, and DIP)

Solid State Relay Market, By Output Voltage

  • AC
  • DC
  • AC/DC

Solid State Relay Market, By Current Rating

  • Low (0A–20A)
  • Medium (20A–50A)
  • High (More than 50A)

Solid State Relay Market, By Application

  • Industrial Automation
    • Machine Tools
    • Elevators
    • Conveyor Systems
    • Industrial Robotics
    • Material Handling Equipment
    • Others (Hoists and Fitness Equipment)
  • Building Equipment
    • Lighting Equipment
      • Office Lighting Systems
      • Warehouse/theatrical Lighting Systems
    • Security and Access Control Systems
    • HVAC Systems
    • Others (Heat Pumps, Roof Heating, and Radiant Underfloor Heating)
  • Industrial OEM
    • Electronics Equipment
    • Packaging Devices
    • Plastic and Printing Devices
    • Others (Communication Devices, Laboratory Ovens, Glass Equipment, and Drying Systems)
  • Energy & Infrastructure
    • Power Distribution
    • Solar Tracking Systems
    • Wind Turbines
    • Others (Network Disconnect System, Photovoltaic (PV) Diode Arrays, and UPS System)
  • Automotive & Transportation
    • Train Control Systems
    • Electric Vehicles
    • Others (Refrigerated Vehicles, Emergency Vehicles, and Aircraft Power Supplies)
  • Medical
    • Dialysis Machines
    • Medical Sterlizers
    • Incubators
    • Others (Cardiac Mapping, Warming Blankets, Imaging Systems, Patient Mobility, Electronic Nerve Stimulation, Drug Dispending System, Portable Patient Monitors, and Portable Respiratory Equipment)
  • Food & Beverages
    • Ovens
    • Coffee Makers & Vending Machines
    • Others (Toasters, Steamers, and Warming Trays)

Solid State Relay Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East

Available Customizations:

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Company Information

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