Solid State Relay Market 2025 Size, Demand, Growth Prospects, Key Opportunities, Trends, Forecasts, Key Players and Industry Analysis

Market Highlights

The Global Solid State Relay Market was valued at USD 1.09 Billion in 2018 and is expected to reach USD 1.78 Billion by the end of the forecast period with a compound annual growth rate (CAGR) of 7.23%.

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Segmentation

According to Market Research Future, the global solid state relay market has been segmented on the basis of mounting type, output voltage, current rating, application, and region.

By mounting type, the global solid state relay market has been segmented into panel mount, PCB mount, DIN rail mount, and others. Among these products, the DIN rail mounting type is estimated to witness the largest growth during the forecast period. This type of mounting is used for circuit breakers and industrial control equipment inside equipment racks. Since the structure of these mounts is designed as per industry standards, it is highly accepted across geographies.

Based on output voltage, the global solid state relay market has been segmented into AC solid state relay, DC solid state relay, and AC/DC solid state relay. Among the above-mentioned segments, the AC/DC solid state relay segment is estimated to grow with the fastest rate during the forecast period 2019–2025. One of the major reasons contributing to the growth of this segment is the adoption of AC/DC solid state relay in control system applications.

By application, the global solid state relay market has been segmented industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical devices, food & beverages, and others. Among these applications, the automotive & transportation segment is estimated to witness the fastest growth during the forecast period. This is due to increasing demand for electric vehicles, advanced driver assistance systems (ADAS), and infotainment systems which are usually battery operated and deployed for several switching applications.

By region, the Global Solid State Relay Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. Among these regions, the North American region is expected to dominate the global market during the forecast period, whereas, the Asia-Pacific region is estimated to witness the fastest growth during the forecast period, 2019–2025.

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Key Players

The Key Players in the Solid State Relay Market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Omega Engineering Inc. (US), Omron Corporation (Japan), Fujitsu Limited (Japan), ABB Ltd (Switzerland), General Electric (US), Fairchild Semiconductor (US), STMicroelectronics (Switzerland), Crydom Inc. (US), Celduc Relais (France), Infineon Technologies AG (Germany), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), Avago Technologies, Ltd (US), Carlo Gavazzi Holding AG (Switzerland), and Vishay Intertechnology (Siliconix) (US). These players contribute a significant share in the growth of the global solid state relay market

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