Crydom (US), Omron Corporation (Japan), Carlo Gavazzi (Switzerland) are Leading Players in the Solid State Relay Market
The SSR can be designed to switch either AC or DC to the load. SSRs have no movable contacts. They, however, employ semiconductor switching elements, such as thyristors, TRIACS, diodes, and transistors. The different types through which SSRs can be mounted in a circuit include panel mount, PCB mount, DIN-Rail mount, and others.
The solid state relay market is likely to witness significant growth in the coming future; a key driving factor is growing adoption of high-tech electronics and automation in consumer electronics industry. The global solid state relay market size is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025 at CAGR of 6.6% during the forecast period.
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Crydom (US), Omron Corporation (Japan), Carlo Gavazzi (Switzerland), Vishay Intertechnology (US), Omega Engineering (US), Broadcom (US), Fujitsu (Japan), Rockwell Automation (US), Anacon Electronic Sales (US), Celduc Relais (France), IXYS Integrated Circuits Division (US), are some of the major players in solid state relay market.
Crydom
Crydom is among the leading players in the solid state relay (SSR) market, owing to its large product portfolio. The company has a diverse product range consisting of panel, PCB, and DIN-Rail-mount SSRs along with additional products such as SSR assemblies and SSR accessories. As the company mainly manufactures its products in-house, it has better control over the quality of its manufacturing and supply. Crydom emphasizes on maintaining its technological position and invests substantially in R&D activities. The products manufactured by Crydom are approved by various standardization agencies. The company mainly focuses on the European market, catering to end-user industry of solid state relay market.
OMRON Corporation
OMRON Corporation is a major player in the solid state relay (SSR) market. The company has a broad product portfolio of SSRs. The company investes majorly in R&D activities. The company has a strong focus on innovating the product portfolio and making advancements in manufacturing capabilities. To gain and competitive advantage, OMRON is engaged in structural reform of production facility, focusing on optimizing production centers and increasing production capacity. The restructuring of the Shanghai factory will further promote the growth of its solid state relays’ business.
Carlo Gavazzi
Carlo Gavazzi is a major player in the solid state relay (SSR) market involved in the designing and manufacturing of innovative solutions. The company’s product range include sensors, timers, solid state relays (SSRs), electronic motor controllers, and inverters. Its products are manufactured in the ISO 9001 certified factories of Carlo Gavazzi. The company’s products are manufactured in the ISO 9001 certified factories of Carlo Gavazzi. The company adopts the strategy of product launches to expand its product portfolio, which would help it in expanding its customer base and increase market share. For instance, in November 2018, the company launched the RGC3 48 series. The company has increased its investments in R&D from 4.9% in 2015 to 5.9% in 2019, which denotes that the company plans to further come up with new and advanced products in the solid state relay (SSR) market
To know about the assumptions considered for the study download the pdf brochure
Related Reports:
Solid State Relay Market with COVID-19 Impact by Mounting Type (Panel, PCB), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Application (Industrial Automation, Automotive & Transportation), and Geography - Global Forecast to 2025
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