Solid State Relay Market is Expected to Reach USD 1,138.8 Million by 2020

Date: 2015-08-27

Solid state relays are semiconductor devices that are used to switch electricity to a load when a small external voltage is applied across its control terminals. They are very similar to an opto coupled devices but with a variation that these device use MOSFET transistors as the switching device. The solid state relays can be designed to switch either AC or DC to the load and have features such as small size, long operating life, and low noise while operating which makes it ideal to be used in the wide range of applications. Solid state relays are widely being used in Industrial automation, building equipment, and industrial OEMs sectors. This report segments the said market based on mounting type, output, application, and geography. The report also includes the analysis and forecasts related to the solid state relay market.

The solid state relay market has been classified into panel mount, PCB mount, and DIN rail mount based on the mounting type. The said market has been segmented on the basis of application into building equipment, energy & infrastructure, food & beverage, industrial OEMs, automotive & transportation, medical, and industrial automation.  

The solid state relay market is expected to reach USD 1,138.8 million by 2020, at a CAGR of 5.53% from 2015 to 2020. The DIN rail SSRs market is expected to grow at the highest CAGR; its growth can be attributed to its increasing usage in the applications such as industrial automation building equipment, industrial OEMs, and the automotive & transportation segment.

The said market has been segmented based on geography into North America, Europe, APAC, and RoW. The APAC region is currently the largest market for solid state relays and is expected to exhibit a high growth rate in the next five years.

Some of the prominent companies in this market include Crydom, Inc. (U.S.), Omron Corporation (Japan), Vishay Intertechnology, Inc. (U.S.), Celduc Relais (France), IXYS Integrated Circuits Division, Inc. (U.S.), Omega Engineering, Inc. (U.S.), Rockwell Automation (U.S.), Fujitsu Limited (Japan), Avago Technologies, Inc. (Singapore), and Carlo Gavazzi Holding AG (Switzerland).

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