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Future of the Solid State Relay Market: Trends, Innovations, and Key Forecasts Through 2034
Solid State Relay Market Size
Solid State Relay Market Size Growth Forecast: What to Expect by 2025?
In the last few years, the solid state relay market has witnessed impressive growth. A rise from $1.47 billion in 2024 to $1.59 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.2%, is expected. The growth during the historic period has been driven by an increased demand for energy-efficient solutions, a surge in automation and industrialization, improved reliability and lifespan, resistance against temperature and vibration, a broad operating voltage range, and the automotive and transportation sector.
How Will the Solid State Relay Market Size Evolve and Grow by 2029?
The market size for solid state relays is projected to experience significant expansion in the coming years. This growth will result in a market value of approximately $2.1 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. The anticipated growth for the forecast period is being attributed to factors such as the integration of renewable energy, the electric vehicle industry, advancements in medical equipment, enhancements in telecommunications infrastructure, data center applications, and the deployment of smart grids. Key trends that are expected during this period include improvements in semiconductor technology, the use of digital SSRs and intelligent controls, high reliability and extended lifecycle, along with the incorporation of fault detection and diagnostic capabilities.
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What Drivers Are Propelling the Growth of Solid State Relay Market Forward?
The growing interest in electric vehicles (EVs) is anticipated to boost the future growth of the solid-state relay market. Electric vehicles, characterized by an electric motor that runs on electricity stored in batteries, offer a more sustainable alternative to traditional vehicles running on fossil fuels like gasoline or diesel. Solid-state relays, compared to their mechanical counterparts, provide longer lifespans and superior battery isolation capabilities in EVs. This advancement has resulted in a growth in demand for EVs and hybrid vehicles, representing a shift from fossil fuels to more eco-friendly automotive options. For example, the International Energy Agency, an autonomous intergovernmental organization based in France, reported that nearly 14 million electric cars were sold globally in 2023, making up 18% of all car sales, a rise from 14% in 2022. Hence, the rising preference for electric vehicles is fuelling the growth of the solid-state relay market.
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Which Emerging Trends Are Transforming the Solid State Relay Market in 2025?
Key players in the solid-state relay market are putting a lot of effort into the creation of novel products like automotive-qualified isolated drivers and switches. These are designed to enhance the safety and dependability of high-voltage systems and electric vehicles. Such components are deemed to uphold safety regulations and reliability standards for automobiles. For instance, Texas Instruments, a prominent semiconductor firm based in the United States, launched a novel range of solid-state relays in May 2022. These consist of automotive-qualified isolated drivers and switches that bolster superior reliability and underpin the safety of Electric Vehicles (EVs). Furthermore, these advanced isolated solid-state relays offer the smallest solution size, reducing the cost of the powertrain and ensuring the safety of the 800-V battery-management system.
What Are the Key Segments in the Solid State Relay Market?
The solid state relay market covered in this report is segmented -
1) By Mounting Type: Panel, PCB, DIN Rail, Other Mounting Types (Plug-in)
2) By Output: AC SSR, DC SSR, AC Or DC Output SSR
3) By Power Rating: Low(0-20A), Medium(20A-50A), High(>50A)
4) By Industry: Energy And Infrastructure, Industrial OEM, Building Equipment, Food And Beverages, Automotive And Transportation, Industrial Automation
Subsegments:
1) By Panel: Flush Mount, Surface Mount
2) By PCB: Through-Hole PCB Mount, Surface-Mount PCB Relay
3) By DIN Rail: Standard DIN Rail Mount, Modular DIN Rail Mount
4) By Other Mounting Types (Plug-In): Plug-In Modules, Socket Mounts
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Who Are the Key Players Shaping the Solid State Relay Market's Competitive Landscape?
Major companies operating in the solid state relay market are 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, Industries, Crouzet Automatismes SAS, Advanced Energy Industries Inc., HONGFA Technology Co. Ltd., Axicom Technology Co. Ltd., Bourns Inc.
What Geographic Markets Are Powering Growth in the Solid State Relay Market?
Asia-Pacific was the largest region in the solid state relay market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the solid state relay market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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