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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

  • ID: 5515494
  • Report
  • November 2021
  • Region: Global
  • 181 Pages
  • Infogence Global Research
UP TO OFF
until Jan 31st 2022

FEATURED COMPANIES

  • ABB Ltd
  • Control4
  • Distech Controls Inc
  • Hubbell Inc
  • Lennox international
  • Schneider Electric
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 %



Market Dynamics

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

The Global Solid State Relay Market is segmented further based on Mounting Type, Output Voltage, Current Rating & Application and Geography.

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.

Recent Developments

1. Ametek Completes Acquisition of Abaco. - 30th Apr 2020
2. Infineon Technologies AG completes acquisition of Cypress Semiconductor Corporation. - 16th Apr 2020
3. Panasonic's long-anticipated acquisition of Blue Yonder is a done deal. - 23rd Apr 2021

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, etc.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Solid State Relay Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd
  • Control4
  • Distech Controls Inc
  • Hubbell Inc
  • Lennox international
  • Schneider Electric
1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

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
10.2 America
10.2.1 Argentina
10.2.2 Brazil
10.2.3 Canada
10.2.4 Chile
10.2.5 Colombia
10.2.6 Mexico
10.2.7 Peru
10.2.8 United States
10.2.9 Rest of Americas
10.3 Europe
10.3.1 Austria
10.3.2 Belgium
10.3.3 Denmark
10.3.4 Finland
10.3.5 France
10.3.6 Germany
10.3.7 Italy
10.3.8 Netherlands
10.3.9 Norway
10.3.10 Poland
10.3.11 Russia
10.3.12 Spain
10.3.13 Sweden
10.3.14 Switzerland
10.3.15 United Kingdom
10.3.16 Rest of Europe
10.4 Middle East and Africa
10.4.1 Egypt
10.4.2 Israel
10.4.3 Qatar
10.4.4 Saudi Arabia
10.4.5 South Africa
10.4.6 United Arab Emirates
10.4.7 Rest of MEA
10.5 Asia-Pacific
10.5.1 Australia
10.5.2 Bangladesh
10.5.3 China
10.5.4 India
10.5.5 Indonesia
10.5.6 Japan
10.5.7 Malaysia
10.5.8 Philippines
10.5.9 Singapore
10.5.10 South Korea
10.5.11 Sri Lanka
10.5.12 Thailand
10.5.13 Taiwan
10.5.14 Rest of Asia-Pacific

11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements

12 Company Profiles
12.1 ABB Ltd
12.2 Beckhoff Automation
12.3 Carrier Global Corporation
12.4 Cisco Systems, Inc
12.5 Control4
12.6 Crestron Electronics, Inc
12.7 Delta Controls, Inc
12.8 Distech Controls Inc
12.9 General Electric
12.10 Hitachi, Ltd
12.11 Honeywell International Inc
12.12 Hubbell Inc
12.13 Ingersoll-Rand PLC
12.14 Johnson Controls International
12.15 Legrand
12.16 Lennox international
12.17 Lutron Electronics Co., Inc
12.18 Mitsubishi Electric Corporation
12.19 Philips Lighting Holding B.V.
12.20 Robert Bosch
12.21 Rockwell Automation
12.22 Schneider Electric
12.23 Siemens AG
12.24 Trane Technologies plc
12.25 United Technologies Corp

13 Appendix
13.1 Questionnaire
Note: Product cover images may vary from those shown
  • 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
Note: Product cover images may vary from those shown

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