Market Overview:
The global solid-state relay market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for miniaturization and high efficiency in various applications such as communications, industrial, automotive, home appliances, and others. Based on type, the global solid-state relay market is segmented into transformer isolation type, photoelectric isolation type, and hybrid type. The transformer isolation type segment is expected to hold the largest share of the global solid-state relay market during the forecast period. This can be attributed to its advantages such as low cost and easy installation compared with other types of relays. Based on application, the global solid-state relay market is segmented into communications equipment & systems; industrial automation; automotive electronics; household appliances; medical devices & equipment; test & measurement instruments; aerospace & defense electronics systems among others).
Product Definition:
A solid-state relay (SSR) is a self-contained switch that uses semiconductor devices, such as transistors, to control the current flow through it. SSRs are often used in place of electromechanical relays because they are faster and more reliable.
Transformer Isolation Type:
Transformer isolation is a technique of electrical transformer construction, wherein the primary and secondary windings of the transformer are separated by an insulating layer. This helps in preventing damage due to short circuits between windings and also prevents high-frequency noise generated from one winding to affect the other.
The major advantage offered by this type of construction is that it reduces power losses caused due to mutual coupling between windings.
Photoelectric Isolation Type:
Photoelectric Isolation Type is a new type of solid-state relay which uses light as the switching medium. It can be used in applications where contact closure is required when all the other switches are occupied. Photoelectric Isolation Type provides faster switching speed and higher reliability than traditional relays, thus making it suitable for use in critical applications such as space flight control systems and nuclear power plants.
Application Insights:
The communications segment dominated the global solid-state relay market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for high-speed data transfer and communication across networks is anticipated to drive the segment growth. Moreover, increasing cloud computing applications are further expected to augment the product demand over next seven years.
Solid-state relays have numerous applications in industrial automation including process control, machine safety & monitoring, material handling & logistics, transportation & storage systems among others. Growing automation technologies across various industries are anticipated to propel industry expansion at a healthy rate during future period of study (2030 - 2041). Automotive application segment accounted for USD 544 million share of overall revenue in 2017 owing to rising adoption of advanced technology products such as SORASOFT 2200 from Siemens PLM Software Inc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for electronics in this region. The Asia Pacific held the largest share in 2016 and is expected to continue its dominance throughout the forecast period, which can be attributed mainlyto China and Japan’s rapid industrialization and modernization. Moreover, rising disposable income levels are also anticipatedto contribute significantly toward industry growth over the next eight years.
The Middle East & Africa solid-state relay market was valued at USD X million in 2016 as it has some ofthe world's biggest oil reserves that attract various foreign investments especially from countries such as Saudi Arabia, UAE, Oman & Kuwait among others that have made significant contributions toward economic development through their petroleum sector activities over past few decades.
Growth Factors:
- Increasing demand for miniaturization in electronic devices
- Growing demand from the automotive industry
- Rising popularity of LED lighting
- Proliferation of smart homes and buildings
- Development of next-generation semiconductor technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid-state Relay Market Research Report
By Type
Transformer Isolation Type, Photoelectric Isolation Type, Hybird
By Application
Communications, Industrial, Automotive, Home Appliances, Others
By Companies
SIEMENS, SANYOU RELAY, Shenler, Schneider, Omron, CHANSIN, CHNT, Panasonic, DELIXI, TE, SIEMENS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Solid-state Relay Market Report Segments:
The global Solid-state Relay market is segmented on the basis of:
Types
Transformer Isolation Type, Photoelectric Isolation Type, Hybird
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Communications, Industrial, Automotive, Home Appliances, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SIEMENS
- SANYOU RELAY
- Shenler
- Schneider
- Omron
- CHANSIN
- CHNT
- Panasonic
- DELIXI
- TE
- SIEMENS
Highlights of The Solid-state Relay Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transformer Isolation Type
- Photoelectric Isolation Type
- Hybird
- By Application:
- Communications
- Industrial
- Automotive
- Home Appliances
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solid-state Relay Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A solid-state relay is a device that uses semiconductor technology to control the flow of electricity. It is often used in industrial applications, such as controlling the power supply to machines.
Some of the major players in the solid-state relay market are SIEMENS, SANYOU RELAY, Shenler, Schneider, Omron, CHANSIN, CHNT, Panasonic, DELIXI, TE, SIEMENS.
The solid-state relay market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid-state Relay Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Solid-state Relay Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Solid-state Relay Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Solid-state Relay Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Solid-state Relay Market Size & Forecast, 2018-2028 4.5.1 Solid-state Relay Market Size and Y-o-Y Growth 4.5.2 Solid-state Relay Market Absolute $ Opportunity
Chapter 5 Global Solid-state Relay Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Solid-state Relay Market Size Forecast by Type
5.2.1 Transformer Isolation Type
5.2.2 Photoelectric Isolation Type
5.2.3 Hybird
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Solid-state Relay Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Solid-state Relay Market Size Forecast by Applications
6.2.1 Communications
6.2.2 Industrial
6.2.3 Automotive
6.2.4 Home Appliances
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid-state Relay Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solid-state Relay Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Solid-state Relay Analysis and Forecast
9.1 Introduction
9.2 North America Solid-state Relay Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Solid-state Relay Market Size Forecast by Type
9.6.1 Transformer Isolation Type
9.6.2 Photoelectric Isolation Type
9.6.3 Hybird
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Solid-state Relay Market Size Forecast by Applications
9.10.1 Communications
9.10.2 Industrial
9.10.3 Automotive
9.10.4 Home Appliances
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Solid-state Relay Analysis and Forecast
10.1 Introduction
10.2 Europe Solid-state Relay Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Solid-state Relay Market Size Forecast by Type
10.6.1 Transformer Isolation Type
10.6.2 Photoelectric Isolation Type
10.6.3 Hybird
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Solid-state Relay Market Size Forecast by Applications
10.10.1 Communications
10.10.2 Industrial
10.10.3 Automotive
10.10.4 Home Appliances
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Solid-state Relay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Solid-state Relay Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Solid-state Relay Market Size Forecast by Type
11.6.1 Transformer Isolation Type
11.6.2 Photoelectric Isolation Type
11.6.3 Hybird
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Solid-state Relay Market Size Forecast by Applications
11.10.1 Communications
11.10.2 Industrial
11.10.3 Automotive
11.10.4 Home Appliances
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Solid-state Relay Analysis and Forecast
12.1 Introduction
12.2 Latin America Solid-state Relay Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Solid-state Relay Market Size Forecast by Type
12.6.1 Transformer Isolation Type
12.6.2 Photoelectric Isolation Type
12.6.3 Hybird
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Solid-state Relay Market Size Forecast by Applications
12.10.1 Communications
12.10.2 Industrial
12.10.3 Automotive
12.10.4 Home Appliances
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Solid-state Relay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Solid-state Relay Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Solid-state Relay Market Size Forecast by Type
13.6.1 Transformer Isolation Type
13.6.2 Photoelectric Isolation Type
13.6.3 Hybird
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Solid-state Relay Market Size Forecast by Applications
13.10.1 Communications
13.10.2 Industrial
13.10.3 Automotive
13.10.4 Home Appliances
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solid-state Relay Market: Competitive Dashboard
14.2 Global Solid-state Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SIEMENS
14.3.2 SANYOU RELAY
14.3.3 Shenler
14.3.4 Schneider
14.3.5 Omron
14.3.6 CHANSIN
14.3.7 CHNT
14.3.8 Panasonic
14.3.9 DELIXI
14.3.10 TE
14.3.11 SIEMENS