About Solid State Relay
A (SSR) solid-state relay is an electronic switching device that switches on or off when a tiny low external voltage is applied across its control terminals. It comprises a sensor which response to an appropriate input, a solid-state electronic switching device which switches power to the load circuitry, and a coupling mechanism to enable the control signal to activate this switch without mechanical parts. The relay could also be designed to switch either AC or DC to the load. It serves the same function as an electromechanical relay, however, has no moving parts.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.8% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Solid State Relay market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Carlo Gavazzi (Switzerland), Omron Corporation (Japan), Vishay Intertechnology (United States), Crydom, Inc. (United States), Omega Engineering (United States), Broadcom Inc. (United States), Fujitsu (Japan), Rockewell Automation (United States), Anacon Electronics Sales (United States) and Celduc Relays (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ixys Integrated Circuits Division (United States) and Teledyne Relays (United States).
Segmentation Overview
AMA Research has segmented the market of Global Solid State Relay market by Type (Panel Mount, DIN Rail Mount and PCB Mount), Application (Industrial Automation, Building Equipment, Industrial OEM, Energy and Infrastructure, Automotive & Infrastructure, Medical and Food & Beverages) and Region.
On the basis of geography, the market of Solid State Relay has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Voltage Rating, the sub-segment i.e. AC SSR will boost the Solid State Relay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Current Rating, the sub-segment i.e. Low (020a) will boost the Solid State Relay market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising demand for automation and digitalization in the consumer electronics
Market Growth Drivers:
Growing Digitization and Automation in the Consumer Electronics Industry, Increasing Modernization of Electric Vehicles to Drive Solid State Relay Market and Long Operating Life, Low Noise While Operating, Small Size, and Less Maintenance of SSR
Challenges:
Stringent quality standards
Restraints:
Higher Cost Price of SSR than EMR
Opportunities:
Increase in Demand for Semiconductors in Asia Pacific Region
In 2021, Chinas National Development and Reform Commission and the State Grid Corporation of China together commenced a pilot project to launch a green-energy trading platform related to blockchain technology. and In 2018, Carlo Gavazzi has launched the newest addition to its portfolio of 3-phase RGC3 Solid State Relays (SSRs). The RGC3 48 Series, is a 48 AAC per phase rated device with a panel mount or thru-wall mount, natural convection heatsink.
Key Target Audience
Solid State Relay Manufacturers, Solid State Relay Raw Material Suppliers, Solid State Relay Traders/Distributors, Solid State Relay Importer/Exporter, Regulatory & Government Bodies and End Users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.