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Solid State Relay Panel, PCB, DIN Rail) Market - Global Forecast to 2024

/EIN News/ -- Dublin, April 16, 2019 (GLOBE NEWSWIRE) -- The "Solid State Relay Market by Mounting Type (Panel, PCB, DIN Rail), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Application (Industrial Automation, Building Equipment, Industrial OEM), and Geography - Global Forecast to 2024" report has been added to's offering.

The solid state relay market is estimated to grow from USD 1.2 billion in 2019 to USD 1.6 billion by 2024, at a CAGR of 5.7%

The key factors driving the growth of the market include increasing digitization and automation in the consumer electronics industry; growing modernization of electric vehicles; robust features of SSR, such as high switching frequency and resistance to shock and vibration; and low noise while operating, long operating life, and low maintenance and compact size of SSR. However, the requirement of heat sink to manage thermal load, higher cost of SSR than EMR, and current leakage during switching OFF SSR are the key restraining factors for market growth.

PCB-mount SSR to witness high growth potential during forecast period

The market for PCB-mount SSR is expected to grow at the highest CAGR from 2019 to 2024. The PCB-mount SSRs have comparatively smaller size and built-in heat sink with high surge capability, making them suitable for applications such as electromagnetic waves, electric machines, and filament lamp control.

Further, a PCB-mount SSR is ideal to use in applications where a small, power-dense package is required as is the case with a lot of commercial and industrial equipment. Growing demand for miniaturization of electrical circuits is fuelling demand for PCB-mount SSRs in automotive owing to their smaller size and lightweight properties.

Market for AC/DC SSR to grow at highest CAGR during forecast period

The AC/DC SSR market is estimated to grow at the highest CAGR from 2019 to 2024. The AC/DC output relays are used for switching both AC and DC outputs. They consist of a DC-AC converter circuit. In case of a DC input signal, the DC-AC converter is used to convert the signal to AC and is then applied to the triggering switch. In case of an AC input signal, it is directly applied to the triggering switch. The low current ratings of AC/DC relays limit its scope of usage in various application segments; however, the adoption of AC/DC relays in automotive and transportation is expected to aid the growth of this market during the forecast period.

Market for high current rating SSR to grow at highest CAGR during forecast period

The high current rating SSR market is estimated to grow at the highest CAGR from 2019 to 2024. High current rating SSRs include relays from 50A to 200A. The high current rating SSRs are mainly used in building equipment, and energy and infrastructure. SSRs with high current ratings (150A and above) are expensive due to their power semiconductor and heat-sinking requirements. Increasing use of high current rating SSR in elevators, conveyor systems, and machine tools is fuelling the growth of this market.

Solid state relay market for automotive & transportation to grow at highest rate during forecast period

The solid state relay market for automotive and transportation is expected to grow at the highest CAGR from 2019 to 2024. SSR has wide applications in automobiles such as battery electric vehicles, hybrid electric vehicles, charging stations, commercial trucks, and even combustion engine vehicles. The major use of SSR is in mobile HVAC system, which is used in various types of transportation systems, including rail, bus, aircraft, and truck.

Growing demand for electric vehicles is supporting the high growth rate of SSR in automotive and transportation. SSRs offer exceptional performance in a panel-mounted industrial package, which has an efficient thermal design. SSRs offer superior solid state performance for high-power demanding applications and are also an ideal choice for automobiles as they offer variable load control.

APAC to be the largest market for solid state relay during forecast period

APAC is expected to lead the solid state relay market, in terms of size, from 2019 to 2024. China and Japan are the countries driving the growth of the SSR market in APAC. APAC has huge growth potential for the SSR market. The market growth in this region can be attributed to the tremendous growth of automotive, food & beverages, building equipment, and manufacturing industries in emerging economies such as China, Japan, India, and South Korea.

China is a key contributor to the growth of the SSR market in APAC owing to its huge industrial and manufacturing sectors. It is also the fastest-growing market for SSR in APAC. Japan is also witnessing a steady growth in the SSR market owing to the presence of key manufacturers of SSRs such as Omron and Fujitsu.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Increasing Digitization and Automation in Consumer Electronics Industry Growing Modernization of Electric Vehicles to Drive Solid State Relay Market Robust Features of SSR Such as High Switching Frequency and Resistance to Shock and Vibration Long Operating Life, Low Noise While Operating, Small Size, and Less Maintenance of SSR
5.2.2 Restraints Requirement of Heat Sink to Manage Thermal Load Higher Cost Price of SSR Than EMR Current Leakage During Switching Off SSR
5.2.3 Opportunities Rise in Start-Up Companies Develop Market Opportunities for SSR Increase in Demand for Semiconductors in APAC
5.2.4 Challenges Stringent Quality Standards of Industries
5.3 Value Chain Analysis
5.4 Functions of SSR
5.4.1 Control
5.4.2 Timing
5.4.3 Switching
5.4.4 Monitoring
5.4.5 Safety

6 Solid State Relay Market, By Mounting Type
6.1 Introduction
6.2 Panel Mount
6.3 PCB Mount
6.4 DIN Rail Mount
6.5 Others

7 Solid State Relay Market, By Output Voltage
7.1 Introduction
7.2 AC SSR
7.3 DC SSR

8 Solid State Relay Market, By Current Rating
8.1 Introduction
8.2 Low (0-20a)
8.3 Medium (20-50a)
8.4 High (50a & Above)

9 Solid State Relay Market, By Application
9.1 Introduction
9.2 Industrial Automation
9.2.1 Machine Tools
9.2.2 Elevators
9.2.3 Conveyor Systems
9.2.4 Industrial Robotics
9.2.5 Material Handling Equipment
9.2.6 Others
9.3 Building Equipment
9.3.1 Lighting Systems Office Lighting Systems Warehouse/Theatrical Lighting Systems
9.3.2 Security and Access Control Systems
9.3.3 HVAC Systems
9.3.4 Others
9.4 Industrial Oem
9.4.1 Electronics Equipment
9.4.2 Packaging Devices
9.4.3 Plastic and Printing Devices
9.4.4 Others
9.5 Energy and Infrastructure
9.5.1 Power Distribution
9.5.2 Solar Tracking Systems
9.5.3 Wind Turbines
9.5.4 Others
9.6 Automotive & Transportation
9.6.1 Train Control Systems
9.6.2 Electric Vehicles
9.6.3 Others
9.7 Medical
9.7.1 Dialysis Machines
9.7.2 Medical Sterilizers
9.7.3 Incubators
9.7.4 Others
9.8 Food & Beverages
9.8.1 Ovens
9.8.2 Coffee Makers & Vending Machines
9.8.3 Others

10 Geographic Analysis

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Players in Solid State Relay Market
11.3 Competitive Leadership Mapping
11.4 Strength of Product Portfolio
11.5 Business Strategy Excellence
11.6 Competitive Situations & Trends

12 Company Profiles

  • Ametek
  • Anacon Electronic Sales
  • Arico Technology
  • Broadcom
  • Carlo Gavazzi
  • Celduc Relais
  • Connectwell Industries
  • Crydom
  • Eaton
  • Emtech Solutions
  • Fujitsu
  • Ixys Integrated Circuits Division
  • Omega Engineering
  • Omron Corporation
  • Panasonic
  • Phoenix Contact
  • Rockwell Automation
  • Te Connectivity
  • Teledyne Relays
  • Vishay Intertechnology

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Related Topics: Hardware, Semiconductor


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