DUBLIN--(BUSINESS WIRE)--The "Global Solid State Relay Market (2021-2026) by Mounting Type, Output Voltage, Current Rating & Application and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Solid State Relay Market is estimated to be USD 1.2 Bn in 2021 and is expected to reach USD 1.68 Bn by 2026, growing at a CAGR of 6.7 %
A solid-state relay (SSR) is an electrical switching device that turns on or off when an external voltage (AC or DC) is supplied to its control terminals. It performs the same job as an electromechanical relay, but it does not have any moving components, resulting in a longer operating lifespan. When compared to electromechanical relays, solid-state relays offer faster switching rates and no physical contacts that wear out.
The solid-state relay market is expected to expand due to the semiconductor industries. The rising fund projections, increasing acceptance of hi-tech electronics and technology in the consumer's semiconductor industry, growing difficulties in electric vehicle circuits, and solid-state relay's sturdy attributes and benefits.
Several advantages, including robust design, extended operational life, low-performance noise, and lower maintenance costs, are projected to cushion the expansion of the solid-state relay market over the forecast period.
Furthermore, the increasing number of start-ups in the semiconductor sector, the spread of the semiconductor industry, and the growing demand for semiconductors across numerous industries have provided substantial new prospects for the growth of the leading players in the state relay market.
However, some factors restraining the market are the demand for a reliable operating temperature to manage the heat produced by solid-state relay. The high expenses and need for more increased upfront investment in contrast to EMR are expected to hamper the growth of the solid-state relay market during the forecast period.
Market Segmentation
- By Mounting Type, the market is classified into Panel, PCB, DIN Rail, and Others (plug-in, SO4, and DIP).
- By Output Voltage, the market is classified into AC, DC, and AC/DC.
- By Current Rating, the market is classified into Low (0A-20A), Medium (20A-50A), and High (More than 50A).
- By Application, the market is classified into Industrial Automation, Building Equipment, Industrial OEM, Energy & Infrastructure, Automotive & Transportation, Medical, and Food & Beverages.
- By Geography, North America is projected to lead the market.
Company Profiles
Some of the companies covered in this report are AMETEK, Anacon Electronic Sales, Broadcom Corporation, Eaton Corporation, Omega Engineering, Panasonic Corporation, Siemens AG.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Influencers
4.1 Drivers
4.1.1 Increased Investment in Renewable Energy
4.1.2 Increased Demand for Energy Savings in the Residential and Industrial Sectors
4.1.3 SSR's Features and Benefits
4.2 Restraints
4.2.1 Requirement of Safe Operating Temperature to Manage Dissipating Heat Generated by SSR
4.2.2 Solid-State Relays are More Expensive than Electromechanical Relays
4.3 Opportunities
4.3.1 Increase in the Number of Semiconductor Start-Ups
4.3.2 APAC's Semiconductor Industry is Expanding
4.4 Challenges
4.4.1 Quality Standards are Strictly Observed
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Solid State Relay Market, By Mounting Type
6.1 Introduction
6.2 Panel
6.3 PCB
6.4 DIN-Rail
6.5 Others (plug-in, SO4, and DIP)
7 Global Solid State Relay Market, By Output Voltage
7.1 Introduction
7.2 AC
7.3 DC
7.4 AC/DC
8 Global Solid State Relay Market, By Current Rating
8.1 Introduction
8.2 Low (0A-20A)
8.3 Medium (20A-50A)
8.4 High (More than 50A)
9 Global Solid State Relay Market, By Application
9.1 Introduction
9.2 Industrial Automation
9.2.1 Machine Tools
9.2.2 Elevators
9.2.3 Conveyor Systems
9.2.4 Industrial Robotics
9.2.5 Material Handling Equipment
9.2.6 Others (Hoists and Fitness Equipment)
9.3 Building Equipment
9.3.1 Lighting Equipment
9.3.1.1 Office Lighting Systems
9.3.1.2 Warehouse/theatrical Lighting Systems
9.3.2 Security and Access Control Systems
9.3.3 HVAC Systems
9.3.4 Others (Heat Pumps, Roof Heating, and Radiant Underfloor Heating)
9.4 Industrial OEM
9.4.1 Electronics Equipment
9.4.2 Packaging Devices
9.4.3 Plastic and Printing Devices
9.4.4 Others (Communication Devices, Laboratory Ovens, Glass Equipment, and Drying Systems)
9.5 Energy & Infrastructure
9.5.1 Power Distribution
9.5.2 Solar Tracking Systems
9.5.3 Wind Turbines
9.5.4 Others (Network Disconnect System, Photovoltaic (PV) Diode Arrays, and UPS System)
9.6 Automotive & Transportation
9.6.1 Train Control Systems
9.6.2 Electric Vehicles
9.6.3 Others (Refrigerated Vehicles, Emergency Vehicles, and Aircraft Power Supplies)
9.7 Medical
9.7.1 Dialysis Machines
9.7.2 Medical Sterilizers
9.7.3 Incubators
9.7.4 Others (Cardiac Mapping, Warming Blankets, Imaging Systems, Patient Mobility, Electronic Nerve Stimulation, Drug Dispending System, Portable Patient Monitors, and Portable Respiratory Equipment)
9.8 Food & Beverages
9.8.1 Ovens
9.8.2 Coffee Makers & Vending Machines
9.8.3 Others (Toasters, Steamers, and Warming Trays)
10 Global Solid State Relay Market, By Geography
10.1 Introduction
11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
12 Company Profiles
- ABB Ltd
- Beckhoff Automation
- Carrier Global Corporation
- Cisco Systems, Inc
- Control4
- Crestron Electronics, Inc
- Delta Controls, Inc
- Distech Controls Inc
- General Electric
- Hitachi, Ltd
- Honeywell International Inc
- Hubbell Inc
- Ingersoll-Rand PLC
- Johnson Controls International
- Legrand
- Lennox international
- Lutron Electronics Co., Inc
- Mitsubishi Electric Corporation
- Philips Lighting Holding B.V.
- Robert Bosch
- Rockwell Automation
- Schneider Electric
- Siemens AG
- Trane Technologies plc
- United Technologies Corp
For more information about this report visit https://www.researchandmarkets.com/r/999fpn
