Global Solid State Relay Market Report 2019 Estimating $1.60 Bn Growth by 2026, A report by TE Connectivity, Broadcom, Crydom Inc., Carlo Gavazzi Holding AG, OMRON Corporation, OMEGA Engineering, Rockwell Automation and others

The market report of Industry Solid state relay provides key measurements of the available status of the manufacturers and is an important source of guidance and support for organizations and people inspired by Solid state relay. The Market Report includes historical data, current trends in the market, environment, technological innovation, future technologies and related technical progress in the industry. It is an in-depth professional report focusing on primary and secondary drivers, market share, top segments, and geographic analysis. The scope of this Solid state relay market report ranges from market scenarios to comparative pricing among major players, cost and profit of the specified market regions. The Solid state relay report provides a far-reaching Solid state relay market analysis by types, applications, players and regions. The report provides a quantitative analysis of the current market and estimates through 2019-2026, allowing stakeholders to capitalize on market opportunities that prevail. This study helps to perceive the dynamic condition, significant players and drivers of the market.

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Market Analysis: Global Solid State Relay Market is expected to rise from its initial estimated value of USD 1 billion in 2018 to an estimated value of USD 1.60 billion by 2026, registering a CAGR of 5.97% in the forecast period of 2019-2026. This rise in market value can be attributed to the modernization and increased adoption from the consumer electronics and electrical industry.

Top Players:
• TE Connectivity
• Broadcom
• Crydom Inc
• Carlo Gavazzi Holding AG
• OMRON Corporation
• OMEGA Engineering
• Rockwell Automation, Inc.
• IXYS Integrated Circuits Division
• AMETEK.Inc.
• FUJITSU
• Vishay Intertechnology
• Teledyne Relays
• celduc relais
• Panasonic Corporation
• Connectwell Industries Pvt. Ltd.
• Eaton
• ARICO TECHNOLOGY CO., LTD.
• PHOENIX CONTACT
• Emtech Solution

Key Developments in the Market:
• In November 2018, Carlo Gavazzi Holding AG announced the launch of a new series of solid state relay products. The new series termed as “RGC3 48 Series” include products that have been equipped with dual mounting capabilities of panel mount and thru-wall mount. This product launch will increase their share in the market due to the popularity of the products available in the series.
• In December 2016, Vishay Intertechnology announced the launch of expanded VOR series of hybrid solid state relays for usage in telecommunications and networking industries, industrial applications and various others verticals. The new products included in the series are increasingly cost effective and provide enhanced levels of temperature range.

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Market Drivers & Restraints:
• Growth of the digital age and autonomous operations in various industries; this is expected to drive the market growth
• Benefits and features of the product such as resistance against vibration & shocks is increasing the demand for the product; this factor is expected to drive the market growth
• Availability of cheaper substitutes in the market is expected to restrain the market growth
• Loss of power and current during switching on and off solid state relay; this factor is expected to act as a restraint to the market growth

Segmentation: Global Solid State Relay Market
By Mounting Type
• Panel Mount
• Printed Circuit Board (PCB) Mount
• DIN Rail Mount
• Others

By Output Voltage
• Alternate Current Solid State Relay (AC SSR)
• Direct Current Solid State Relay (DC SSR)
• Alternate Current/Direct Current Solid State Relay (AC/DC SSR)

By Current Rating
• Low (0-20A)
• Medium (20-50A)
• High (50A & Above)

By Application
• Industrial Automation
• Machine Tools
• Elevators
• Conveyor Systems
• Industrial Robots
• Material Handling Equipment
• Others

Building Equipment
• Lighting Systems
• Office Lighting Systems
• Warehouse/Theatrical Lighting Systems
• Security & Access Control Systems
• HVAC Systems
• Others

Industrial OEM
• Electronics Equipment
• Packaging Devices
• Plastic & Printing Devices
• Others

Energy & Infrastructure
• Power Distribution
• Solar Tracking Systems
• Wind Turbines
• Others

Automotive & Transportation
• Train Control Systems
• Electric Vehicles
• Others
• Medical
• Dialysis Machines
• Medical Sterilizers
• Incubators
• Others

Food & Beverage
• Ovens
• Coffee Makers & Vending Machines
• Others

Competitive Analysis: Global solid state relay market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of solid state relay market for global, Europe, North America, Asia-Pacific and South America.

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