Market Overview:
The global solid-state switch 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 energy-efficient and reliable switches across different applications. Additionally, the growing demand for miniaturized and lightweight switches is also contributing to the growth of this market. Based on type, the global solid-state switch market can be segmented into AC output SSRs, DC output SSRs, and AC/DC output SSRs. The AC/DC output SSRs segment is expected to grow at a higher CAGR during the forecast period as these switches are versatile and can be used in both AC and DC applications. Based on application, the global solid-state switch market can be divided into building equipment, energy & infrastructure, food & beverage, automotive & transportation, medical devices ,and other applications .The automotive & transportation segment is projected to grow at a highest CAGR during 2018–2030 owing to increase in adoption of electric vehicles worldwide .
Product Definition:
A solid-state switch is a type of electrical switch that uses semiconductor devices, such as transistors, to control the flow of electricity. These switches are important because they can be used to create circuits with very low power consumption, which is important for portable devices and battery-powered electronics.
AC Output SSRs:
AC output SSRs are Solid-state Switch that controls the current and voltage in DC/AC-DC power supplies. They have applications in consumer electronics, industrial automation, medical equipment and other sectors. The solid-state switch market is expected to grow at a significant rate owing to its low cost of operation as compared to their conventional counterparts.
DC Output SSRs:
DC output SSRs are Solid-state switches that operate on the principle of depletion-mode control and offer high switching speed. They are used in applications such as data converters, multiplexers, add/drop multiplexer (ADM) filters, transceivers and other electronic devices where low power consumption is a crucial factor. DC output SSRs can be used with CMOS technology or GaAs substrates depending upon the application requirements.
Application Insights:
Building equipment was the largest application segment in 2016 and accounted for over 30% of the global market share. The growing construction industry across various regions is expected to be a key factor driving product demand. Solid-state switches are used in numerous applications, including building automation, electric power distribution, lighting control, security systems and HVAC (heating, ventilation and air conditioning). These products have several advantages over traditional mechanical devices; they are more reliable due to fewer moving parts there are no exposed contacts that can fail or get worn out like with mechanical relays. They consume less energy as they operate at higher frequencies thus require lower operating voltages making them highly efficient devices.
The food & beverage sector is anticipated to emerge as one of the fastest-growing application segments during the forecast period owing to increasing consumer preference for premium quality beverages coupled with rising health concerns regarding sugar intake among children and adolescents around the globe.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 and is anticipated to reach a market size exceeding USD X billion by 2030. This growth can be attributed to increasing government investments in infrastructure development, coupled with rising demand for energy-efficient products.
The Asia Pacific was followed by Europe, which accounted for around 26% of global revenue in 2016 owing to high product adoption across industries including automotive and healthcare. Moreover, technological advancements such as digital signal processing (DSP) are further expected to drive industry growth over the forecast period.
Growth Factors:
- Increasing demand for data centers: The global data center market is expected to grow at a CAGR of over 10% from 2016 to 2020. This is primarily due to the increasing demand for cloud-based services and big data analytics. Solid-state switches are being increasingly used in data centers due to their high performance and low power consumption.
- Growing popularity of software-defined networking (SDN): SDN is a network architecture that allows administrators to manage network traffic using software instead of hardware devices. This helps reduce costs and improve efficiency. Solid-state switches are well suited for SDN deployments as they can handle large amounts of traffic quickly and efficiently.
- Emergence of 5G technology: 5G is the next generation mobile telecommunications standard that offers significantly higher speeds and bandwidth than current 4G networks. It is expected to be rolled out by 2020 worldwide, which will create new opportunities for solid-state switch vendors .
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid-State Switch Market Research Report
By Type
AC Output SSRs, DC Output SSRs, AC/DC Output SSRs
By Application
Building Equipment, Energy & Infrastructure, Food & Beverage, Automotive & Transportation, Medical, Other
By Companies
Omron, IXYS, Crydom, TE Connectivity, Relpol, Carlo Gavazzi, Panasonic, Picker Relay, Opto 22, Vishay, Broadcom, Celduc Relais, Teledyne Relays, Fujitsu, Rockwell Automation, Wuxi Gold Control Technology
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Solid-State Switch Market Report Segments:
The global Solid-State Switch market is segmented on the basis of:
Types
AC Output SSRs, DC Output SSRs, AC/DC Output SSRs
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
Building Equipment, Energy & Infrastructure, Food & Beverage, Automotive & Transportation, Medical, Other
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:
- Omron
- IXYS
- Crydom
- TE Connectivity
- Relpol
- Carlo Gavazzi
- Panasonic
- Picker Relay
- Opto 22
- Vishay
- Broadcom
- Celduc Relais
- Teledyne Relays
- Fujitsu
- Rockwell Automation
- Wuxi Gold Control Technology
Highlights of The Solid-State Switch 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:
- AC Output SSRs
- DC Output SSRs
- AC/DC Output SSRs
- By Application:
- Building Equipment
- Energy & Infrastructure
- Food & Beverage
- Automotive & Transportation
- Medical
- Other
- 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 Switch 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.
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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 switch (SSS) is a network device that replaces traditional switches in data centers. It is an intelligent, software-defined networking (SDN) platform that enables the automation of switching functions across a network.
Some of the major companies in the solid-state switch market are Omron, IXYS, Crydom, TE Connectivity, Relpol, Carlo Gavazzi, Panasonic, Picker Relay, Opto 22, Vishay, Broadcom, Celduc Relais, Teledyne Relays, Fujitsu, Rockwell Automation, Wuxi Gold Control Technology.
The solid-state switch market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solid-State Switch Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solid-State Switch Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solid-State Switch Market - Supply Chain
4.5. Global Solid-State Switch Market Forecast
4.5.1. Solid-State Switch Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solid-State Switch Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solid-State Switch Market Absolute $ Opportunity
5. Global Solid-State Switch Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solid-State Switch Market Size and Volume Forecast by Type
5.3.1. AC Output SSRs
5.3.2. DC Output SSRs
5.3.3. AC/DC Output SSRs
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solid-State Switch Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solid-State Switch Market Size and Volume Forecast by Application
6.3.1. Building Equipment
6.3.2. Energy & Infrastructure
6.3.3. Food & Beverage
6.3.4. Automotive & Transportation
6.3.5. Medical
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solid-State Switch Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solid-State Switch Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solid-State Switch Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solid-State Switch Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solid-State Switch Demand Share Forecast, 2019-2029
9. North America Solid-State Switch Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solid-State Switch Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solid-State Switch Market Size and Volume Forecast by Application
9.4.1. Building Equipment
9.4.2. Energy & Infrastructure
9.4.3. Food & Beverage
9.4.4. Automotive & Transportation
9.4.5. Medical
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solid-State Switch Market Size and Volume Forecast by Type
9.7.1. AC Output SSRs
9.7.2. DC Output SSRs
9.7.3. AC/DC Output SSRs
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solid-State Switch Demand Share Forecast, 2019-2029
10. Latin America Solid-State Switch Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solid-State Switch Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solid-State Switch Market Size and Volume Forecast by Application
10.4.1. Building Equipment
10.4.2. Energy & Infrastructure
10.4.3. Food & Beverage
10.4.4. Automotive & Transportation
10.4.5. Medical
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solid-State Switch Market Size and Volume Forecast by Type
10.7.1. AC Output SSRs
10.7.2. DC Output SSRs
10.7.3. AC/DC Output SSRs
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solid-State Switch Demand Share Forecast, 2019-2029
11. Europe Solid-State Switch Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solid-State Switch Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solid-State Switch Market Size and Volume Forecast by Application
11.4.1. Building Equipment
11.4.2. Energy & Infrastructure
11.4.3. Food & Beverage
11.4.4. Automotive & Transportation
11.4.5. Medical
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solid-State Switch Market Size and Volume Forecast by Type
11.7.1. AC Output SSRs
11.7.2. DC Output SSRs
11.7.3. C/DC Output SSRs
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solid-State Switch Demand Share, 2019-2029
12. Asia Pacific Solid-State Switch Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solid-State Switch Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solid-State Switch Market Size and Volume Forecast by Application
12.4.1. Building Equipment
12.4.2. Energy & Infrastructure
12.4.3. Food & Beverage
12.4.4. Automotive & Transportation
12.4.5. Medical
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solid-State Switch Market Size and Volume Forecast by Type
12.7.1. AC Output SSRs
12.7.2. DC Output SSRs
12.7.3. AC/DC Output SSRs
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solid-State Switch Demand Share, 2019-2029
13. Middle East & Africa Solid-State Switch Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solid-State Switch Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solid-State Switch Market Size and Volume Forecast by Application
13.4.1. Building Equipment
13.4.2. Energy & Infrastructure
13.4.3. Food & Beverage
13.4.4. Automotive & Transportation
13.4.5. Medical
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solid-State Switch Market Size and Volume Forecast by Type
13.7.1. AC Output SSRs
13.7.2. DC Output SSRs
13.7.3. AC/DC Output SSRs
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solid-State Switch Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Solid-State Switch Market: Market Share Analysis
14.2. Solid-State Switch Distributors and Customers
14.3. Solid-State Switch Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Omron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IXYS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Crydom
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TE Connectivity
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Relpol
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Carlo Gavazzi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Picker Relay
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Opto 22
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vishay
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Broadcom
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Celduc Relais
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Teledyne Relays
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fujitsu
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rockwell Automation
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Wuxi Gold Control Technology
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
