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.
Request A Free Sample Copy [here](https://www.thebusinessresearchcompany.com/sample.aspx?id=8074&type=smp.
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.
Pre-book the Report for Swift Delivery [here](https://www.thebusinessresearchcompany.com/report/solid-state-relay-global-market-report.
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.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=8074&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solid State Relay Global Market Report 2025: Robust Growth Expected with Key Market Size Reach of $2.1 billion by 2029 here
News-ID: 3825271 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Relay
Global Telecommunication Relay Service Market Size by Application, Type, and Geo …
USA, New Jersey- According to Market Research Intellect, the global Telecommunication Relay Service market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The telecommunication relay service (TRS) market is growing steadily due to the increasing focus on accessibility and inclusive communication technologies. TRS enables individuals with…
Global Medium Voltage Protection Relay Market Size by Application, Type, and Geo …
USA, New Jersey- According to Market Research Intellect, the global Medium Voltage Protection Relay market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The growing need for dependable and effective electrical power distribution systems is driving the market for medium voltage protection relays. These relays are…
Europe Automotive Relay Market Consumer Trends
𝐄𝐮𝐫𝐨𝐩𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐑𝐞𝐥𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲'𝐬 𝐅𝐮𝐭𝐮𝐫𝐞
As the automotive industry across Europe undergoes significant changes, the market for automotive relays has experienced remarkable growth. A key component in vehicle electrical systems, relays support functionalities from lighting to powertrains, safety features, and advanced driver assistance systems (ADAS). With growing emphasis on electric vehicles (EVs), sustainability, and safety, consumer preferences and regulatory influences are pushing the market to evolve.…
Global Relay Market Research Report 2023
The global Relay market was valued at US$ 6763.1 million in 2022 and is anticipated to reach US$ 8688.4 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.
VIEW FULL REPORT
https://reports.valuates.com/market-reports/QYRE-Auto-25P9083/global-relay
Relay Market
A relay is an electrically operated switch. It consists of a set of input terminals for a single or multiple control signals, and a set of operating contact terminals. The switch may have any number of…
Magnetic Control Relay Market To Witness Astonishing Growth With Magnetic Contro …
QY Research has recently published a new report, titled Magnetic Control Relay Market Report, History and Forecast 2015-2026, Breakdown Data by Manufacturers, Key Regions, Types and Application. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Magnetic Control Relay market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their…
Global Reed Relay Market Insights, Forecast
This report presents the worldwide Reed Relay market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=60463
Table of Contents:
Table of Contents
1 Study Coverage
…
