Global Solid State Relays Market Size, Share, Trends, Industry Growth by Mounting (Panel Mount, PCB Mount, DIN Rail Mount, Others), by Output (AC, DC, AC/DC), by Current Rating, by Application, by Region, and Forecast to 2030

Report ID: RC11676 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 30th, 2023

The global solid-state relays market size was valued at over USD 1 billion in 2022 and estimated to grow at a significant CAGR of ~ 6% during the forecast period from 2023 to 2030. The growing demand for the product in the electric and electronics industry is one of the prominent factor driving the industry growth. Furthermore, the increasing demand for digitalization and automation in various end-use industries such as consumer electronics, healthcare, etc, is further anticipated to boost the market over the forecast period. Moreover, the increasing adoption of electric and hybrid vehicles and the technological advancement in consumer electronics and semiconductors are estimated to propel the industry growth in the upcoming years.

Market Snapshot:

Benchmark Year 2022
Market Size > USD 1 Billion in 2022
Market Growth (CAGR) ~ 6% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Rockwell Automation Inc., ABB Ltd., General Electric, Omron Corporation, and Fujitsu Limited

Market Drivers:

Advantages over Electromechanical Relays: Solid-state relays offer several advantages over traditional electromechanical relays. They have no moving parts, which results in improved reliability, longer lifespan, reduced maintenance requirements, and faster switching speeds. SSRs also provide silent operation, vibration resistance, and high resistance to shock and impact. These advantages make solid-state relays a preferred choice in various applications, driving their market growth.

Increasing Demand for Industrial Automation: The growing adoption of industrial automation in various industries, such as manufacturing, automotive, electronics, and pharmaceuticals, drives the demand for solid-state relays. SSRs are used in automation systems for switching and controlling loads, such as motors, heaters, and solenoids. They provide reliable and precise control, fast switching times, and resistance to electrical noise, making them suitable for industrial automation applications.

Growing Emphasis on Energy Efficiency: The increasing focus on energy efficiency in industries and buildings contributes to the demand for solid-state relays. SSRs offer high energy efficiency compared to electromechanical relays, as they have lower power consumption and generate less heat. Solid-state relays help reduce energy waste, improve overall system efficiency, and meet energy efficiency standards and regulations.

Expansion of Renewable Energy Systems: The expansion of renewable energy systems, such as solar power and wind turbines, drives the demand for solid-state relays. SSRs are used in renewable energy systems for switching and control functions, allowing efficient power management, voltage regulation, and protection against overcurrent and short circuits. The growth of renewable energy installations fuels the market for solid-state relays.

Demand for Safe and Reliable Switching Solutions: Solid-state relays provide safe and reliable switching solutions, particularly in hazardous environments or sensitive applications. They offer isolation between input and output, protecting control circuitry from high voltages and electrical noise. Solid-state relays also provide protection against arcing, sparks, and contact wear, ensuring long-term reliability. The demand for safe and reliable switching solutions drives the adoption of solid-state relays.

Need for Compact and Lightweight Components: Solid-state relays offer a compact and lightweight alternative to bulky and heavy electromechanical relays. The miniaturization of electronic devices and systems requires smaller and lighter components, and solid-state relays fulfill this need. Their compact size and light weight make them suitable for applications with space constraints, such as portable equipment, PCB mounting, and embedded systems.

Growth of Electric Vehicles (EVs): The growth of the electric vehicle (EV) market drives the demand for solid-state relays. SSRs are used in EVs for switching and controlling power electronics, such as motor drives, battery management systems, and charging stations. They provide efficient and reliable switching, high-speed operation, and protection against overcurrent and short circuits. The increasing adoption of electric vehicles contributes to the market growth of solid-state relays.

Technological Advancements and Integration: Continuous technological advancements in solid-state relay technology, including improved semiconductor materials, higher power ratings, and enhanced thermal management, contribute to the market growth. Manufacturers are also integrating additional features, such as diagnostic capabilities, built-in protection circuits, and digital interfaces, to meet evolving customer demands. These advancements and integrations enhance the performance, functionality, and versatility of solid-state relays.

Market Insights:

By mounting, the panel mount segment dominated the global solid-state relays market in the benchmark year

The global solid-state relay market is bifurcated into the mounting, output, current rating, application, and geography. On the basis of mounting, the market is further segmented into panel mount, PCB mount, DIN rail mount, and others. The panel mount segment dominated the global market in 2022 and expected to hold the largest revenue share of around 1/2 of the market by the end of the analysis period. The increasing use of the product in various industries such as plastic, textile, heat tracing, packaging, etc, is a significant factor driving the segment growth. The segment is also estimated to register the fastest CAGR over the forecast period.

By application, the automotive and transportation segment is estimated to hold the largest market share by 2030

On the basis of application, the market is segmented into automotive and transportation, energy and infrastructure, industrial OEM, building equipment, and others. The automotive and transportation segment dominated the global solid-state relays market in 2022 and expected to maintain its dominance over the forecast period. The rapid growth in the automotive industry across the globe is one of the key factor driving the market growth. Furthermore, the increasing adoption of electric vehicles coupled with the fluctuating gasoline prices is further anticipated to fuel the segment growth over the forecast period.

Solid State Relays Market Size & Growth

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The global solid state relays market report explores the critical analysis of the industry using key parameters. The report covers investment strategies, the need for investment in the industry, and several benefits for investors. Significantly, this report sets out major changes in the global technical regulations for the market, as well as how economic and non-economic constraints are helping the market to grow. Furthermore, the report analyzes the historical and forecasted market size at the global, regional, and country-level. The report also provides a comprehensive analysis of key investment proposals, competitor’s position, porter’s five force analysis, SWOT analysis, pestel analysis, value chain analysis, etc.

The solid-state relays market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2030 – Forecast Period

Market Segmentation:

By Mounting:

  • Panel Mount
  • PCB Mount
  • DIN Rail Mount
  • Others

By Output:

  • AC Solid State Relay
  • DC Solid State Relay
  • AC/DC Output Relay

By Current Rating:

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

By Application:

  • Automotive and Transportation
  • Energy and Infrastructure
  • Industrial OEM
  • Building Equipment
  • Food and Beverages
  • Industrial Automation
  • Healthcare

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, the Asia Pacific is dominating the global market by 2030 owing to the exploration of the power industry

On the basis of region, the Asia Pacific dominated the global solid state relay market in the benchmark year and is expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The increasing demand for the product in the automotive industry and the growing energy consumption in the manufacturing industry are some major factors driving the industry growth in the region. Furthermore, the increasing demand in various industries such as building equipment, industrial application, and automation coupled with the growing industrialization in developing economies is further anticipated to propel the market growth in the Asia Pacific.

Geographically, the solid-state relays market report comprises dedicated sections centering on the regional market revenue and trends. The solid-state relays market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The solid-state relays market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Solid state relays market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the major market players operating in the global solid state relays market are Rockwell Automation Inc., ABB Ltd., General Electric, Omron Corporation, and Fujitsu Limited. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Rockwell Automation Inc.
  • ABB Ltd.
  • General Electric
  • Omron Corporation
  • Fujitsu Limited
  • Alstom Power
  • Sensata Technologies
  • Avago Technologies Ltd.
  • Omega Engineering Inc.
  • Crydom Inc.

Key Questions Answered by Solid State Relays Market Report

  • Global solid state relays market forecasts from 2023-2030
  • Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
  • Solid state relays submarket forecasts from 2023-2030 covering the market by mounting, output, current rating, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level solid state relays markets from 2023-2030
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Solid State Relays Market Portraiture
2.2. Global Solid State Relays Market, by Mounting, 2022 (USD Mn)
2.3. Global Solid State Relays Market, by Output, 2022 (USD Mn)
2.4. Global Solid State Relays Market, by Current Rating, 2022 (USD Mn)
2.5. Global Solid State Relays Market, by Application, 2022 (USD Mn)
2.6. Global Solid State Relays Market, by Geography, 2022 (USD Mn)

 

3. Global Solid State Relays Market Analysis


3.1. Solid State Relays Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

 

4. Global Solid State Relays Market By Mounting, 2020 – 2030 (USD Mn)


4.1. Overview
4.2. Panel Mount
4.3. PCB Mount
4.4. DIN Rail Mount
4.5. Others

 

5. Global Solid State Relays Market By Output, 2020 – 2030 (USD Mn)


5.1. Overview
5.2. AC Solid State Relay
5.3. DC Solid State Relay
5.4. AC/DC Output Relay

 

6. Global Solid State Relays Market By Current Rating, 2020 – 2030 (USD Mn)


6.1. Overview
6.2. Low (0A–20A)
6.3. Medium (20A–50A)
6.4. High (More than 50A)

 

7. Global Solid State Relays Market By Application, 2020 – 2030 (USD Mn)


7.1. Overview
7.2. Automotive and Transportation
7.3. Energy and Infrastructure
7.4. Industrial OEM
7.5. Building Equipment
7.6. Food and Beverages
7.7. Industrial Automation
7.8. Healthcare

 

8. North America Solid State Relays Market Analysis and Forecast, 2020 – 2030 (USD Mn)


8.1. Overview
8.2. North America Solid State Relays Market by Mounting, (2020-2030 USD Mn)
8.3. North America Solid State Relays Market by Output, (2020-2030 USD Mn)
8.4. North America Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
8.5. North America Solid State Relays Market by Application, (2020-2030 USD Mn)
8.6. North America Solid State Relays Market by Country, (2020-2030 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Solid State Relays Market by Mounting, (2020-2030 USD Mn)
8.6.1.2. U.S. Solid State Relays Market by Output, (2020-2030 USD Mn)
8.6.1.3. U.S. Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
8.6.1.4. U.S. Solid State Relays Market by Application, (2020-2030 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Solid State Relays Market by Mounting, (2020-2030 USD Mn)
8.6.2.2. Canada Solid State Relays Market by Output, (2020-2030 USD Mn)
8.6.2.3. Canada Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
8.6.2.4. Canada Solid State Relays Market by Application, (2020-2030 USD Mn)

 

9. Europe Solid State Relays Market Analysis and Forecast, 2020 - 2030 (USD Mn)


9.1. Overview
9.2. Europe Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.3. Europe Solid State Relays Market by Output, (2020-2030 USD Mn)
9.4. Europe Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.5. Europe Solid State Relays Market by Application, (2020-2030 USD Mn)
9.6. Europe Solid State Relays Market by Country, (2020-2030 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.6.1.2. Germany Solid State Relays Market by Output, (2020-2030 USD Mn)
9.6.1.3. Germany Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.6.1.4. Germany Solid State Relays Market by Application, (2020-2030 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.6.2.2. U.K. Solid State Relays Market by Output, (2020-2030 USD Mn)
9.6.2.3. U.K. Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.6.2.4. U.K. Solid State Relays Market by Application, (2020-2030 USD Mn)
9.6.3. France
9.6.3.1. France Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.6.3.2. France Solid State Relays Market by Output, (2020-2030 USD Mn)
9.6.3.3. France Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.6.3.4. France Solid State Relays Market by Application, (2020-2030 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.6.4.2. Spain Solid State Relays Market by Output, (2020-2030 USD Mn)
9.6.4.3. Spain Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.6.4.4. Spain Solid State Relays Market by Application, (2020-2030 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.6.5.2. Italy Solid State Relays Market by Output, (2020-2030 USD Mn)
9.6.5.3. Italy Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.6.5.4. Italy Solid State Relays Market by Application, (2020-2030 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Solid State Relays Market by Mounting, (2020-2030 USD Mn)
9.6.6.2. Rest of Europe Solid State Relays Market by Output, (2020-2030 USD Mn)
9.6.6.3. Rest of Europe Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
9.6.6.4. Rest of Europe Solid State Relays Market by Application, (2020-2030 USD Mn)

 

10. Asia Pacific Solid State Relays Market Analysis and Forecast, 2020 - 2030 (USD Mn)


10.1. Overview
10.2. Asia Pacific Solid State Relays Market by Mounting, (2020-2030 USD Mn)
10.3. Asia Pacific Solid State Relays Market by Output, (2020-2030 USD Mn)
10.4. Asia Pacific Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
10.5. Asia Pacific Solid State Relays Market by Application, (2020-2030 USD Mn)
10.6. Asia Pacific Solid State Relays Market by Country, (2020-2030 USD Mn)
10.6.1. China
10.6.1.1. China Solid State Relays Market by Mounting, (2020-2030 USD Mn)
10.6.1.2. China Solid State Relays Market by Output, (2020-2030 USD Mn)
10.6.1.3. China Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
10.6.1.4. China Solid State Relays Market by Application, (2020-2030 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Solid State Relays Market by Mounting, (2020-2030 USD Mn)
10.6.2.2. Japan Solid State Relays Market by Output, (2020-2030 USD Mn)
10.6.2.3. Japan Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
10.6.2.4. Japan Solid State Relays Market by Application, (2020-2030 USD Mn)
10.6.3. India
10.6.3.1. India Solid State Relays Market by Mounting, (2020-2030 USD Mn)
10.6.3.2. India Solid State Relays Market by Output, (2020-2030 USD Mn)
10.6.3.3. India Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
10.6.3.4. India Solid State Relays Market by Application, (2020-2030 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Solid State Relays Market by Mounting, (2020-2030 USD Mn)
10.6.4.2. Rest of Asia Pacific Solid State Relays Market by Output, (2020-2030 USD Mn)
10.6.4.3. Rest of Asia Pacific Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
10.6.4.4. Rest of Asia Pacific Solid State Relays Market by Application, (2020-2030 USD Mn)

 

11. Latin America (LATAM) Solid State Relays Market Analysis and Forecast, 2020 - 2030 (USD Mn)


11.1. Overview
11.2. Latin America Solid State Relays Market by Mounting, (2020-2030 USD Mn)
11.3. Latin America Solid State Relays Market by Output, (2020-2030 USD Mn)
11.4. Latin America Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
11.5. Latin America Solid State Relays Market by Application, (2020-2030 USD Mn)
11.6. Latin America Solid State Relays Market by Country, (2020-2030 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Solid State Relays Market by Mounting, (2020-2030 USD Mn)
11.6.1.2. Brazil Solid State Relays Market by Output, (2020-2030 USD Mn)
11.6.1.3. Brazil Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
11.6.1.4. Brazil Solid State Relays Market by Application, (2020-2030 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Solid State Relays Market by Mounting, (2020-2030 USD Mn)
11.6.2.2. Mexico Solid State Relays Market by Output, (2020-2030 USD Mn)
11.6.2.3. Mexico Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
11.6.2.4. Mexico Solid State Relays Market by Application, (2020-2030 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Solid State Relays Market by Mounting, (2020-2030 USD Mn)
11.6.3.2. Rest of Latin America Solid State Relays Market by Output, (2020-2030 USD Mn)
11.6.3.3. Rest of Latin America Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
11.6.3.4. Rest of Latin America Solid State Relays Market by Application, (2020-2030 USD Mn)

 

12. Middle East and Africa Solid State Relays Market Analysis and Forecast, 2020 - 2030 (USD Mn)


12.1. Overview
12.2. MEA Solid State Relays Market by Mounting, (2020-2030 USD Mn)
12.3. MEA Solid State Relays Market by Output, (2020-2030 USD Mn)
12.4. MEA Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
12.5. MEA Solid State Relays Market by Application, (2020-2030 USD Mn)
12.6. Middle East and Africa Solid State Relays Market, by Country, (2020-2030 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Solid State Relays Market by Mounting, (2020-2030 USD Mn)
12.6.1.2. GCC Solid State Relays Market by Output, (2020-2030 USD Mn)
12.6.1.3. GCC Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
12.6.1.4. GCC Solid State Relays Market by Application, (2020-2030 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Solid State Relays Market by Mounting, (2020-2030 USD Mn)
12.6.2.2. South Africa Solid State Relays Market by Output, (2020-2030 USD Mn)
12.6.2.3. South Africa Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
12.6.2.4. South Africa Solid State Relays Market by Application, (2020-2030 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Solid State Relays Market by Mounting, (2020-2030 USD Mn)
12.6.3.2. Rest of MEA Solid State Relays Market by Output, (2020-2030 USD Mn)
12.6.3.3. Rest of MEA Solid State Relays Market by Current Rating, (2020-2030 USD Mn)
12.6.3.4. Rest of MEA Solid State Relays Market by Application, (2020-2030 USD Mn)

 

13. Company Profiles


13.1. Rockwell Automation Inc.
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. ABB Ltd.
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. General Electric
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Omron Corporation
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. Fujitsu Limited
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Alstom Power
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Sensata Technologies
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Avago Technologies Ltd.
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Omega Engineering Inc.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. Crydom Inc.
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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