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Solid-State Relay Market Trends and Forecast
The future of the global solid-state relay market looks promising with opportunities in the industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical, and food & beverage markets. The global solid-state relay market is expected to reach an estimated $2.1 billion by 2030 with a CAGR of 6.7% from 2024 to 2030. The major drivers for this market are rising adoption of high-tech electronics, growing complexity in circuits of electric vehicles, and increasing focus towards up-gradation of aging power of infrastructure.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Solid-State Relay Market by Segment
The study includes a forecast for the global solid-state relay market by mounting type, output voltage, current rating, application, and region
Solid-State Relay Market by Mounting Type [Shipment Analysis by Value from 2018 to 2030]:
• Panel
• PCB
• DIN Rail
• Others
Solid-State Relay Market by Output Voltage [Shipment Analysis by Value from 2018 to 2030]:
• AC
• DC
• AC/DC
Solid-State Relay Market by Current Rating [Shipment Analysis by Value from 2018 to 2030]:
• Low (0A–20A)
• Medium (20A–50A)
• High (More than 50A)
Solid-State Relay Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Solid-State Relay Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solid-state relay companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the solid-state relay companies profiled in this report include-
• Broadcom
• Anacon Electronic
• Carlo Gavazzi
• Omron
• Omega Engineering
• Fujitsu
• Crydom
• Celduc Relais
• Vishay Intertechnology
• Rockwell Automation
Solid-State Relay Market Insights
Lucintel forecast that AC is expected to witness highest growth over the forecast period.
Within this market, automotive & transportation will remain the largest segment due to growing adoption of solid state relay in various electric vehicle components, such as batteries, speed controlling units, and other low maintenance and compact parts.
APAC is expected to witness highest growth over the forecast period due to continual expansion of the automotive, food & beverage, building equipment, and manufacturing industries in the region.
Features of the Global Solid-State Relay Market
Market Size Estimates: Solid-state relay market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Solid-state relay market size by various segments, such as by mounting type, output voltage, current rating, application, and region in terms of value ($B).
Regional Analysis: Solid-state relay market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different mounting types, output voltages, current ratings, applications, and regions for the solid-state relay market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solid-state relay market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the solid-state relay market size?
Answer: The global solid-state relay market is expected to reach an estimated $2.1 billion by 2030.
Q.2 What is the growth forecast for solid-state relay market?
Answer: The global solid-state relay market is expected to grow with a cagr of 6.7% from 2024 to 2030
Q.3 What are the major drivers influencing the growth of the solid-state relay market?
Answer: The major drivers for this market are rising adoption of high-tech electronics, growing complexity in circuits of electric vehicles, and increasing focus towards up-gradation of aging power of infrastructure.
Q4. What are the major segments for solid-state relay market?
Answer: The future of the solid-state relay market looks promising with opportunities in the industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical, and food & beverage markets.
Q5. Who are the key solid-state relay market companies?
Answer: Some of the key solid-state relay companies are as follows:
• Broadcom
• Anacon Electronic
• Carlo Gavazzi
• Omron
• Omega Engineering
• Fujitsu
• Crydom
• Celduc Relais
• Vishay Intertechnology
• Rockwell Automation
Q6. Which solid-state relay market segment will be the largest in future?
Answer: Lucintel forecast that AC is expected to witness highest growth over the forecast period.
Q7. In solid-state relay market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to continual expansion of the automotive, food & beverage, building equipment, and manufacturing industries in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the solid-state relay market by mounting type (panel, PCB, DIN rail, and others), output voltage (AC, DC, and AC/DC), current rating (low (0A–20A), medium (20A–50A), and high (more than 50A)), application (industrial automation, building equipment, industrial OEM, energy & infrastructure, automotive & transportation, medical, and food & beverages), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to solid-state relay market or related to solid-state relay companies, solid-state relay market size, solid-state relay market share, solid-state relay market growth, solid-state relay market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Solid-State Relay Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Solid-State Relay Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Solid-State Relay Market by Mounting Type
3.3.1: Panel
3.3.2: PCB
3.3.3: DIN Rail
3.3.4: Others
3.4: Global Solid-State Relay Market by Output Voltage
3.4.1: AC
3.4.2: DC
3.4.3: AC/DC
3.5: Global Solid-State Relay Market by Current Rating
3.5.1: Low (0A–20A)
3.5.2: Medium (20A–50A)
3.5.3: High (More than 50A)
3.6: Global Solid-State Relay Market by Application
3.6.1: Industrial Automation
3.6.2: Building Equipment
3.6.3: Industrial OEM
3.6.4: Energy & Infrastructure
3.6.5: Automotive & Transportation
3.6.6: Medical
3.6.7: Food & Beverages
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Solid-State Relay Market by Region
4.2: North American Solid-State Relay Market
4.2.1: North American Solid-State Relay Market by Mounting Type: Panel, PCB, DIN Rail, and Others
4.2.2: North American Solid-State Relay Market by Output Voltage: AC, DC, and AC/DC
4.3: European Solid-State Relay Market
4.3.1: European Solid-State Relay Market by Mounting Type: Panel, PCB, DIN Rail, and Others
4.3.2: European Solid-State Relay Market by Output Voltage: AC, DC, and AC/DC
4.4: APAC Solid-State Relay Market
4.4.1: APAC Solid-State Relay Market by Mounting Type: Panel, PCB, DIN Rail, and Others
4.4.2: APAC Solid-State Relay Market by Output Voltage: AC, DC, and AC/DC
4.5: ROW Solid-State Relay Market
4.5.1: ROW Solid-State Relay Market by Mounting Type: Panel, PCB, DIN Rail, and Others
4.5.2: ROW Solid-State Relay Market by Output Voltage: AC, DC, and AC/DC
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Solid-State Relay Market by Mounting Type
6.1.2: Growth Opportunities for the Global Solid-State Relay Market by Output Voltage
6.1.3: Growth Opportunities for the Global Solid-State Relay Market by Current Rating
6.1.4: Growth Opportunities for the Global Solid-State Relay Market by Application
6.1.5: Growth Opportunities for the Global Solid-State Relay Market Region
6.2: Emerging Trends in the Global Solid-State Relay Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Solid-State Relay Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Solid-State Relay Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Broadcom
7.2: Anacon Electronic
7.3: Carlo Gavazzi
7.4: Omron
7.5: Omega Engineering
7.6: Fujitsu
7.7: Crydom
7.8: Celduc Relais
7.9: Vishay Intertechnology
7.10: Rockwell Automation
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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