Press release
Solid State Relay Global Market Report 2025: Robust Growth Expected with Key Market Size Reach of $2.1 billion by 2029
Solid State Relay Market Size
What Is The Projected Market Size Of The Solid State Relay Global Market Report 2025 And Its Growth Rate?
• The solid state relay market is witnessing strong growth, with its market size expected to expand from $1.47 billion in 2024 to $1.59 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.2%.
• This uptrend in growth can be attributed to rising demand for energy-efficient solutions, accelerating automation and industrialization, enhanced reliability and longevity, temperature and vibration resistance, and growth in the automotive and transportation sector.
• The momentum is set to continue in the coming years, with the market size expected to rise to $2.1 billion in 2029 at a CAGR of 7.2%.
• This forecasted growth from 2025 to 2029 is driven by factors including renewable energy integration, electrification of vehicles, growing medical equipment applications, telecommunications infrastructure, data center applications, and the implementation of smarter grids.
What Is Driving The Growth In The Solid State Relay Global Market Report 2025?
The remarkable rise in the demand for electric vehicles (EVs) is anticipated to fuel the solid-state relay market in the near future. Electric vehicles, powered by electricity stored in batteries, are adopting solid-state relays for their prolonged operating lives, higher battery isolation capability compared to mechanical relays, leading to an increased demand for EVs and hybrid vehicles. This shift from petroleum products to more sustainable power vehicles is a key driver for the solid-state relay market. As an example, according to the International Energy Agency, nearly 14 million electric cars were sold worldwide in 2023, accounting for 18% of total car sales, up from 14% in 2022. Consequently, the solid-state relay market is poised to benefit significantly from this boom in EVs.
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Who Are the Key Players Driving Solid State Relay Global Market Report 2025 Growth?
Major companies operating in the solid state relay market include:
• Crydom Inc.
• Omron Corporation
• Carlo Gavazzi Holding AG
• Vishay Intertechnology Inc.
• Rockwell Automation Inc.
• ABB Ltd.
• Sensata Technologies Holding CO U.S. B.V.
• Teledyne Relays Inc.
• Eaton Corporation
• TE Connectivity
• Celduc Relais
• Infineon Technologies
• IXYS Corporation
• Panasonic Corporation
• durex* Industries
• Crouzet Automatismes SAS
• Advanced Energy Industries Inc.
• HONGFA Technology Co. Ltd.
• Axicom Technology Co. Ltd.
• Bourns Inc.
What Are The Key Trends In The Solid State Relay Global Market Report 2025?
Key trends shaping the market include:
• Advancements in semiconductor technology
• The emergence of digital SSRs and intelligent control
• High reliability and longer lifecycle of products
• The integration of fault detection and diagnostics
What Are The Segments Of The Global Solid State Relay Global Market Report 2025?
The solid state relay market is divided into several segments:
• Mounting Type: Panel, PCB, DIN Rail, and Other Mounting Types (Plug-in)
• Output: AC SSR, DC SSR, AC Or DC Output SSR
• Power Rating: Low(0-20A), Medium(20A-50A), High(>50A)
• Industry: Energy And Infrastructure, Industrial OEM, Building Equipment, Food And Beverages, Automotive And Transportation, Industrial Automation
Which Region Leads The Solid State Relay Global Market Report 2025?
Asia-Pacific was the largest region in the solid state relay market in 2024. The solid state relay market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. North America is projected to be the fastest-growing region in the forecast period.
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What Is Covered In The Solid State Relay Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Solid State Relay Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Solid State Relay Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Solid State Relay Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Solid State Relay Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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