The MOSFET relay market is estimated to be USD 237 million in 2022 to USD 474 million by 2030, at a CAGR of 9.1% during the forecast period. Increase in overall revenue projection of semiconductor industry despite covid-19 crisis, growing adoption of high-tech electronics and automation in consumer electronics industry, increasing complexity in circuits in electric vehicles, Robust features of SSR are the key factors driving market growth.
The MOSFET relay market is dominated by a few globally established players such as Schneider Electric (France), Panasonic Corporation (Japan), TE Connectivity (Switzerland), Omron Corporation (Japan), Standex Electronics Inc. (US). These players have adopted various growth strategies such as partnerships, agreements, collaborations, and new product launches to increase their presence in the global market.
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Panasonic Corporation held the majority of the global MOSFET relay market share in 2021. It is the manufacturers of MV electrical equipment, and home appliances. The company operates through six business segments: Lifestyle, Industry, Automotive, Connect, and Energy. The company offers MOSFET relays through its industry business segments. The segments consist of industrial motors, capacitors, FA Solutions, Electronic Materials, EV Relays, switches, power supplies, touch panels, sensors, laser markers, inductors, resistors, circuit board materials, semiconductor device materials, molding compounds, LCD panels, and multi-layer circuit board materials. Panasonic Corporation has a strong global presence with its corporate research centers in 7 countries—China, Germany, India, Poland, Sweden, Switzerland, and the US.
TE Connectivity is one of the industrial technology manufacturing leaders that designs and manufactures connectors and sensors for several industries, such as automotive, industrial equipment, data communication systems, aerospace, defense, medical, oil and gas, consumer electronics, and energy. The company operates its business through 3 segments, namely transportation solutions, industrial solutions, and communication solutions. TE Connectivity provides MOSFET relay under all three business segments including transportation solutions, industrial solutions, and communication solutions. TE Connectivity operates in more than 100 countries and has more than 100 manufacturing plants located in these countries.
Another important player in MOSFET relay market is Schneider Electric. Schneider Electric is an energy management and automation solution provider and a leading digital transformation company. MOSFET relays are offered under the Energy Management segment of the company. The Energy Management segment leverages low-voltage, medium-voltage, and secure power that all share the same objective of efficiently and reliably managing energy. Schneider Electric has a strong presence in Asia Pacific; 31.1% of its total revenue was generated from this region in 2021. The company has a worldwide presence in over 100 countries, with a broad supply chain that integrates 200 factories with 90 distribution centers. The company has over 100 subsidiaries across the world, including Schneider Electric (Australia) Pty Ltd (Australia), Schneider Electric Korea Ltd. (South Korea), Schneider Electric DMS (Serbia), and EPS Electrical Power Distribution Board & Switchgear (Saudi Arabia).
MOSFET Relay Market by Voltage (Below 200V, 200-500V, 500-1kV, 1-7.5kV, 7.5-10kV, Above 10 kV), Application (Industrial, Household Appliances, Test & Measurements, Mining, Automotive, Medical, Renewables, Charging Stations) - Global Forecast to 2030
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