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Panel Mount Solid State Relay Market Trends, In-Depth Analysis, Size And Forecast 2022 To 2030

09-21-2022 02:16 PM CET | Media & Telecommunications

Press release from: We Market Research

Panel Mount Solid State Relay Market

Panel Mount Solid State Relay Market

Solid state relays (SSRs) are electronic accessories that either turn ON or OFF by the function of a small external voltage throughout its control monitors.

They have semiconductor switching components, such as thyristors, triacs, diodes, and transistors.

There are three categories of solid state relays based on its output amongst these, AC output solid state relays are utilized to regulate the pace of electrical energy in AC power systems.

Several solid state relays do not need more power than electromechanical relay coils to switch ON or OFF.
Global Panel Mount Solid State Relay Market: Overview

Global Panel Mount Solid State Relay Market valued at US $1.23 Billion in 2022 is anticipated to reach a value of US $2.05 Billion in 2030, growing at a CAGR of 6.6%.

The growth of the solid state relay market is majorly driven by surging growing adoption of high-tech electronics and automation in consumer electronics industry, increasing complexity in automobile circuits of electric vehicles, and robust features of solid state relays.

The most common method is the use of an adequate size of a heat sink. Heat sink dissipates the heat generated by SSR into surrounding ambient air and maintains a safe operating temperature while increasing the operating life of the SSR.

The heat sinks are made of thermally conductive materials such as aluminium or steel. Heat sinks have a low thermal impedance and work more efficiently if the air flow is maximum.

The safe operating temperature is also achieved with the use of small exhaust fans over the heat sinks to keep the air flow constant.

Key Trends: Growth Determinants and Challenges

• Growing adoption of high-tech electronics and automation in consumer electronics industry

The consumer electronics industry includes home electronics, beverage dispensing machines, and office machines. The global consumer electronics market is expected to increase owing to the increasing adoption of hi-tech electronics. Home electronics such as TV, AC, microwave oven, and refrigerator are becoming smarter. The digitization of consumer electronics is also evident in beverage dispensing machines and office machines, such as fax and inverters.

The change in consumer behaviour toward the adoption of advanced, easy-to-use, and smart technologies has led to a rise in the digitization of consumer electronics. SSR is used in many consumer electronics appliances as a replacement to conventional electromechanical relay (EMR).

• Stringent quality standards

The manufacturers of SSRs have to abide by several safety rules and regulations and industry standards so that the product is universally compatible for various applications. Various associations, such as VDE (Verband der Elektrotechnik), which is an Association for Electrical, Electronic & Information Technology from Europe, provide standards for ensuring that the electricity is generated, distributed, and used in a safe and effective manner. The UL (Underwriter Laboratories) certification from the US has several variants in the US, Canada, and Europe for preventing damage in specific instances such as casualty and fire, performance under specific conditions, and compliance with regulatory codes.

Competitive Landscape:

• Crydom Inc.
• ABB Ltd
• Vishay Intertechnology (Siliconix)
• Linear Technology
• Texas Instruments Incorporated
• International Rectifier
• Rockwell Automation Inc.
• STMicroelectronics
• Fairchild Semiconductor
• Carlo Gavazzi Holding AG
• Infineon Technologies AG

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Segmental Analysis of Global Panel Mount Solid State Relay Market:

Based on Mounting Type:
• Panel
• PCB
• DIN Rail
• plug-in
• SO4
• DIP

Based on Output Voltage
• AC
• DC
• AC/DC

AC relays are available in a wide range of current ratings, i.e., 0-150 Amps. They are used in almost all applications, from industrial automation to medical equipment, because of the availability of a wide ampere range.

Based on Current Rating
• Low (0A-20A)
• Medium (20A-50A)
• High (More than 50A)

The medium current rating segment is expected to dominate the solid state relays market in 2020, contributing the largest share.

Based On Application

• Industrial automation
• Building equipment
• Lightning equipment
• Industrial OEM
• Energy and infrastructure
• Automotive and transportation
• Medical
• Food and beverages
• Others

Based on Region:

North America (US, Canada), Europe (UK, France, Spain, Italy, Germany), Asia-pacific (India, China, Japan, South Korea, Australia), Latin America (Mexico, Brazil), Middle East and Africa (UAE, Saudi Arabia, South Africa)

APAC contributed the largest share in the market during the forecast period. The rapid growth of the automotive, food & beverage, building equipment, and manufacturing industries in emerging economies is contributing to the growth of the solid state relay market in APAC.

Major Developments:

In June 2020, Littelfuse, Inc, the parent company of IXYS Integrated Circuits Division, launched the PLA172P OptoMOS Relay, an 800 V normally open single-pole 6-pin solid state relay (SSR), which comes with guaranteed electrical parameters at 105°C ambient operating temperature.

In February 2020, Celduc Relais launched a new range of two-phase solid state relays in okpac housing with push-in spring power terminals.

Purchase Full Report: https://wemarketresearch.com/purchase/panel-mount-solid-state-relay-market/260/?license=single

Major questions answered in the report:

• What are the major growth factors, challenges, and trends in the Global Panel Mount Solid State Relay Market?
• Which top companies are contributing in the growth of Global Panel Mount Solid State Relay Market?
• Which regional segment accounts for the largest revenue share in the Global Panel Mount Solid State Relay Market?

Key Takeaways from the report:

• Deep-insights on regional analysis.
• Growth factors, Challenges and trends.
• Global Panel Mount Solid State Relay Market valued at US $1.23 Billion in 2022 is anticipated to reach a value of US $2.05 Billion in 2030, growing at a CAGR of 6.6%

Contact Us:
We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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