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Solid State Relay Market Research Report Information By Mounting Type (Panel Mount, PCB Mount, DIN Rail Mount, Others), By Output Voltage (AC Solid State Relay, DC Solid State Relay, AC/DC Solid State Relay), By Current Rating (Low (0–20A), Medium (20A–50A), High (50A & Above)), By Application (Industrial Automation, Building Equipment, Industrial OEM, Energy & Infrastructure, Automotive & Transportation, Medical Devices, Others) And Region (North America, Europe, Asia-Pacific & Rest Of The World)– Industry Forecast Till 2032

ID: MRFR/SEM/7173-HCR | 111 Pages | Author: Ankit Gupta| April 2024

Global Solid State Relay Market Overview:

Solid State Relay Market Size was valued at USD 1.2 Billion in 2022. The Solid State Relay market industry is projected to grow from USD 1.26 Billion in 2023 to USD 1.88 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.12% during the forecast period (2023 - 2032).The increasing usage of relays in hybrid and electric cars, as well as the increased use of solid state relays in industrial process control, are all contributing factors are the key market drivers enhancing the market growth.

Global Solid State Relay Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Solid State Relay Market Trends

  • Growing penetration of 5G is driving the market growth

Market CAGR for solid state relay is being driven by the rising penetration of 5G. The growing need to improve power infrastructure in established areas and the use of solid-state relays in new power infrastructure in emerging economies is likely to fuel the growth of the Solid State Relay Market. Solid state relays provide several advantages over typical electromechanical relays, including no moving components, turning ON and OFF at considerably quicker rates than mechanical switches, and eliminating electrical noise and transients. Because there is no movement, wear and tear are reduced. The solid-state relay (SSR) guarantees wear-free, quiet, and exceptionally quick switching operations and meets the automotive sector's mechanical and electrical needs. It is, therefore, appropriate for automotive applications, particularly in electric cars. Growing modernization of electric vehicles and more forgiving government restrictions are boosting electric vehicle sales, supporting the solid-state relay industry. These relays are an integral component of the switching network in the battery of an electric vehicle, and they offer heat control and over-current protection to the battery. SSRs are also employed in building equipment because of their low power consumption, silent operation, precision, and reliability. They are utilized in power-controlling applications such as communication lines, transformers, railway signaling, security systems, and industrial applications.

While conducting current, Solid State Relays (SSRs) create heat. Overheating caused by a continually high operation rate might destroy the part, resulting in a production halt. Solid State Relays with integrated thermal protection systems are being developed to avoid such eventualities, which turn down the circuit in the event of overheating, safeguarding the component and the parent system from potential damage or shutdown. These relays are combined with thermostats that continually monitor the relay temperature, and when it reaches a predetermined threshold value, it breaks open the circuit to prevent it from failing. Demand for solid-state relays is increasing as smart thermostats become more popular. Thus, driving the Solid State Relay market revenue.

Solid State Relay Market Segment Insights:

Solid State Relay Mounting Type Insights

Based on mounting type, the Solid State Relay Market segmentation includes panel mount, PCB mount, din rail mount, and others. The panel mount segment dominated the market, accounting for 35% of market revenue. The rising applications such as industrial automation, energy, and infrastructure segments are linked to segment growth, which is expected to assist the market development in the future.

Solid State Relay Output Voltage Insights

The Solid State Relay Market segmentation, based on output Voltage, includes AC solid-state relays, DC solid-state relays, and AC/DC solid-state relays. The DC solid-state relays segment dominated the market. These relays are similar to electromechanical relays. However, the primary distinction is that solid-state relays do not have moving mechanical parts. For thyristors and transistors, they are employed to minimize electrical noise and back-EMF caused by inductive loads. The main advantage is that there is no switch-off.

Solid State Relay Current Rating Insights

The Solid State Relay Market segmentation, based on current rating, includes low (0–20A), medium (20A–50A), and high (50A & above). The medium (20A–50A) segment dominated the market. The medium current rating is widely employed in industries such as industrial controls, industrial OEMs, and automotive and transportation, which aids market growth. Elevators, machine tools, and conveyor systems all need high current ratings.

Figure 1: Solid State Relay Market, by Current Rating, 2022 & 2032 (USD Billion)

Solid State Relay Market, by Current Rating, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Solid State Relay Application Insights

The Solid State Relay Market segmentation, based on Application, includes industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical devices, food & beverages, and others. Industrial automation category generated the most income. Since its debut, Solid State Relays (SSRs) have acquired popularity in several domains, formerly the sole realm of Electromagnetic Relays (EMRs) or the Contractor. Industrial Process Control applications have seen significant increases, notably heat/excellent temperature control, motors, lighting, solenoids, valves, and transformers. Solid-state relays are compatible with a wide range of control systems and are immune to magnetic noise; their solid-state nature allows them to be mounted in numerous orientations and resist significant vibration, making them ideal for industrial automation.

Solid State Relay Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Solid State Relay market area will dominate this market, A broad range of devices that incorporate semiconductors, such as material management equipment, building equipment, and others, are also expected to generate product development predictions for industry players in this region.

Further, the major countries studied in the market report are The US, Canada, Japan, India,German, France, the UK, Italy, Spain, China, Australia, South Korea, and Brazil.

Figure 2: Solid State Relay Market SHARE BY REGION 2022 (USD Billion)

Solid State Relay Market SHARE BY REGION 2022

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe has the second-largest market share for Solid State Relay. Rapidly rising manufacturing and food and beverage sectors in emerging nations, as well as the widespread availability of industrial automation technology, are fueling the expansion of the worldwide market in this area. Furthermore, the German Solid State Relay market dominated, while the UK Solid State Relay market grew fastest in Europe.

From 2023 to 2032, the Asia-Pacific Solid State Relay Market will develop at the quickest CAGR. An expanding number of data centres and power plants, as well as investments in electronic gadgets and equipment manufacturing, are driving growth in this region. Rising environmental concerns and stringent government restrictions are driving up demand for electric cars, which in turn is driving up demand for Solid-State Relay. Furthermore, China's Solid State Relay market had the highest market share, while India's Solid State Relay market was the fastest expanding in the Asia-Pacific region.

Solid State Relay Key Market Players & Competitive Insights

Leading market companies are extensively spending R&D on increasing their product lines, which will help the Solid State Relay market grow even more. Important market developments include new product releases, contractual agreements, acquisitions and mergers, greater investments, and collaboration with other organizations. The Solid State Relay industry must produce cost-effective merchandise to flourish and thrive in a more competitive and increasing market climate.

Manufacturing locally to reduce operating costs is an effective business strategy manufacturers use in the worldwide Solid State Relay industry to serve clients and expand the market sector. The Solid State Relay industry has provided some of the most important benefits recently. Major players in the Solid State Relay market, including General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and others, are attempting to increase market demand by investing in research and development operations.

Texas Instruments has been enabling growth for decades. They are a multinational semiconductor firm that designs produces, tests, and sells analog and embedded computing chips. Their over 80,000 products assist over 100,000 customers in efficiently managing power, accurately sensing and transmitting data, and providing core control or processing in their designs, which are used in markets such as industrial, automotive, personal electronics, communications equipment, and enterprise systems. Their passion for making electronics more affordable through semiconductors is alive and well today, as each generation of innovation builds on the previous to make our technology smaller, more efficient, more reliable, and more affordable - opening new markets and allowing semiconductors to be used in electronics everywhere. In May 2021, With innovative solid-state relays that guarantee industry-leading dependability, TI advances isolation technology. The TPSI3050-Q1 isolated switch driver with an integrated 10-V gate supply and the TPSI2140-Q1 1,400-V, 50-mA isolated switch integrate power and signal isolation over a single barrier, which enhances reliability.

Gefran is here to assist the client. With decades of engineering and production expertise,they have the focus, flexibility, and quality to ensure the success of their next project. Come to them for standard sensors, automation platforms, regulators, and power controllers intended to improve manufacturing process efficiency and energy savings.In December 2021, Using the IO-Link digital communication protocol, Gefran launched GRP-H, the first single-phase solid-state relays. The GRP-H series is a development of the GRS-H series, part of the cutting-edge GR platform specialized to SSRs.

Key Companies in the Solid State Relay market include

  • Omron Corporation (Japan)

  • Fujitsu Limited (Japan)

  • Rockwell Automation, Inc. (US)

  • Teledyne Relays, Inc. (US)

  • ABB Ltd (Switzerland)

  • General Electric (US)

  • Avago Technologies, Ltd (US)

  • Omega Engineering Inc. (US)

  • Crydom Inc. (US)

  • Celduc Relais (France)

  • Infineon Technologies AG (Germany)

  • Carlo Gavazzi Holding AG (Switzerland)

  • Vishay Intertechnology (Siliconix) (US)

  • Fairchild Semiconductor (US)

  • STMicroelectronics (Switzerland)

  • Rexas Instruments Incorporated (US).

Solid State Relay Industry Developments

May 2022: Texas Instruments has announced a new portfolio of solid-state relays, comprising automotive-qualified isolated drivers and switches, designed to ensure industry-leading dependability and contribute to electric vehicles (EVs) safety. The new isolated solid-state relays also have modest solution sizes to minimize powertrain bill-of-materials (BOM) costs and 800-V battery-management systems.

May 2022: Crouzet is a French producer of electromechanical and electronic components for the aerospace, automotive, and machine sectors. The company's portfolio has been expanded to include single-phase SSRs, which are separated into four series: GN, GN+, GNA, and GNS, and are all IP20-rated.

Solid State Relay Market Segmentation:

Solid State Relay Mounting Type Outlook

  • Panel Mount

  • PCB Mount

  • DIN Rail Mount

  • Others

Solid State Relay Output Voltage Outlook

  • AC Solid State Relay

  • DC Solid State Relay

  • AC/DC Solid State Relay

Solid State Relay Current Rating Outlook

  • Low (0–20A)

  • Medium (20A–50A)

  • High (50A & Above)

Solid State Relay Application Outlook

  • Industrial Automation

  • Building Equipment

  • Industrial OEM

  • Energy & Infrastructure

  • Automotive & Transportation

  • Medical Devices

  • Food & Beverages

  • Others

Solid State Relay Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 1.2 Billion
Market Size 2023 USD 1.26 Billion
Market Size 2032 USD 1.88 Billion
Compound Annual Growth Rate (CAGR) 5.12% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Mounting Type, Output Voltage, Current Rating, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled  Omron Corporation (Japan), Fujitsu Limited (Japan), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), ABB Ltd (Switzerland), General Electric (US), Avago Technologies, Ltd (US), Omega Engineering Inc. (US), Crydom Inc. (US), Celduc Relais (France), Infineon Technologies AG (Germany), Carlo Gavazzi Holding AG (Switzerland), Vishay Intertechnology (Siliconix) (US), Fairchild Semiconductor (US), and STMicroelectronics (Switzerland), Texas Instruments Incorporated (US)
Key Market Opportunities Long operating life and less maintenance of solid-state relays
Key Market Dynamics Advancement in automation across industry verticals.

Frequently Asked Questions (FAQ) :

The Solid State Relay Market size was valued at USD 1.2 Billion in 2022.

The global market is projected to grow at a CAGR of 5.12% during the forecast period, 2023-2032.

North America had the largest share in the global market

The key players in the market are Omron Corporation (Japan), Fujitsu Limited (Japan), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US),.

The medium dominated the market in 2022.

The Industrial Automation had the largest share in the global market.

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