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%.
A solid-state relay is an electronic switching device that turns on or off when a modest external voltage is put across its control terminals. It does this by utilising the electrical and optical capabilities of solid-state semiconductors. Since it trips the circuit breaker when a fault is detected and prevents damage to the central system, they are primarily employed to prevent any severe mishaps or flashovers. These have a long self-life because, unlike electromechanical relay, they do not have moving parts to wear out.
Growing use of solid state relay in electric car batteries, speed regulating units, and other low maintenance and small automotive parts will further encourage market expansion in the automotive industry.
The development of smart grids for smart cities has been accelerated by the greater adoption of the Internet of Things. The modernization of energy networks, from the end user through distribution and transmission, relies on the deployment of smart grids, which utilise cutting-edge technologies. In order to limit heat dissipation, they use two layers of relays in smart metres (AC power relay and solid-state relay).
Since the COVID-19 pandemic is limiting the supply and adoption of electronic devices, such as mechanical and solid state relays, due to the severe disruptions in businesses and the global economy, it is predicted that the solid state relay (SSR) market's anticipated growth will slow down for a number of applications. Since remote monitoring of electronic devices has made it possible for businesses to continue operating during the shutdown, not all manufacturers of electronic products are, however, experiencing a reduction in growth. Food packaging firms are barely able to keep up with the growing demand, and tracking and logistics are busier than ever. Optocouplers, one of the essential parts of solid state relays, are mostly produced in the US.
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
Based on Current Rating
- Low (0A–20A)
- Medium (20A–50A)
- High (More than 50A)
Based on Application
- Industrial Automation
- Machine Tools
- Elevators
- Conveyor Systems
- Industrial Robotics
- Material Handling Equipment
- Hoists and Fitness Equipment
- Building Equipment
- Lighting Equipment
- Office Lighting Systems
- Warehouse/theatrical Lighting Systems
o Security and Access Control Systems
o HVAC Systems
o Heat Pumps
o Roof Heating
o Radiant Underfloor Heating
- Industrial OEM
- Electronics Equipment
- Packaging Devices
- Plastic and Printing Devices
- Communication Devices
- Laboratory Ovens
- Glass Equipment
- Drying Systems
- Energy Infrastructure
- Power Distribution
- Solar Tracking Systems
- Wind Turbines
- Network Disconnect System
- Photovoltaic (PV) Diode Arrays
- UPS System
- Automotive Transportation
- Train Control Systems
- Electric Vehicles
- Refrigerated Vehicles
- Emergency Vehicles
- Aircraft Power Supplies
- Medical
- Dialysis Machines
- Medical Sterlizers
- Incubators
- Cardiac Mapping
- Warming Blankets
- Imaging Systems
- Patient Mobility
- Electronic Nerve Stimulation
- Drug Dispending System
- Portable Patient Monitors
- Portable Respiratory Equipment
- Food Beverages
- Ovens
- Coffee Makers Vending Machines
- Toasters
- Steamers
- Warming Trays
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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?
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