Growing applications across food and beverage industry features optimization the growth of the global Solid State Relay market at a CAGR of 4.48% during the forecast period 2024 to 2032

Market Research Future (MRFR) has published on the “Global Solid-State Relay Market”.

The Solid-State Relay market is estimated to register a CAGR of 4.48% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Solid State Relay market Robert Crydom Inc. (Sensata Technology), Omron Corporation, Schneider Electric, ABB Ltd., IXYS Corp. (Littelfuse), STMicroelectronics, Rockwell Automation Inc., General Electric, Vishay Intertechnology (Siliconix), Fujitsu Limited, Carlo Gavazzi Holding AG, Honeywell International Inc, and Texas Instruments Inc.

Solid State Relay Market Highlights

The global Solid State Relay market is accounted for to register a CAGR of 4.48% during the forecast period and is estimated to reach USD 1.88 million by 2032.

The increased demand for medical gadgets is a result of people's increased awareness of their health and well-being, particularly in the wake of the epidemic. Moreover, government spending on improving healthcare facilities and services contributes significantly to the expansion of the medical device sector. In light of the growing medical devices industry, the demand for solid-state relays (SSR) is likely to increase and will offer immense growth opportunities to the market players in the coming years. Solid state relays consume low power enabling them to function during power cuts or minimal power and have a compact design that fits in small devices, fast switching speed, and low noise, among others. Due to such factors, SSR is used in motors which is further used in hospital beds, and rehabilitation equipment.

Other application areas of SSR in medical devices are infrared radiation devices, dialysis machines, infant incubators/patient temperature management, medical refrigeration, laboratory sterilizers, blood analyzers/centrifuges, balneotherapy, and others. Owing to the diverse application of SSR in the growing medical device industry, market players such as HUIMU Ltd., ABB Ltd., Honeywell, and others are experiencing high demand, especially across emerging economies such as India and China, due to the mushrooming healthcare sector.

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Segment Analysis

The global Solid State Relay market has been segmented based on type, mounting, output voltage, current rating, application, and region.

Based on type, the market is segmented into DC to AC, DC to DC, AC to DC, and AC/DC to AC. AC/DC to AC segment was attributed to holding the largest market share in 2022 with a market share of ~29.1% revenue as estimated by MRFR analysts.

Based on mounting, the global Solid State Relay market has been segmented into E Panel Mount, PCB Mount, Din Rail Mount, and Others. The Panel Mount segment was expected to hold the largest market share in 2022.

Based on the output voltage, the market is segmented into DC Solid State Relay and AC Solid State Relay. AC Solid State Relay segment is projected to have the largest market share during the forecast period.

Based on the current rating, the market is segmented into Passenger Cars, Commercial Vehicles, Off-Highway Vehicles, and Two-Wheelers. The Medium (20A-50A) segment is projected to have the largest market share during the forecast period.

Based on the application, the market is segmented into Industrial Automation, Building Equipment, Energy & Power, Automotive & Transportation, Food & Beverage, Military & Defense, and Others. The Industrial Automation segment is projected to have the largest market share during the forecast period.

Regional Analysis

The global Solid State Relay market, based on region, has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America consists of US, Canada, and Mexico. The Europe Solid State Relay market comprises of Germany, France, the UK, Italy, Spain, and Rest of Europe. The Solid-State Relay market in Asia-Pacific has been segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. The South and center America Solid State Relay market comprises of UAE, South Africa, Saudi Arabia, Argentina, Brazil, and Rest of South America.  

The region's markets will expand as a result of the rising government spending on electricity and energy. For example, the Canadian government recently announced that it would fund US$ 130.23 million in 12 sustainable energy projects located in Alberta. Furthermore, during the next ten years, the United States plans to invest more than half a trillion dollars in clean energy and climate action. In addition, Mexico is about to deploy 30 gigawatts in renewable energy capacity by 2030, as per the Foreign Ministry of Mexico. Hence, with the growing investment in renewable energy projects, the SSR market is likely to witness immense growth opportunities in the coming years across the region. SSR is used for various purposes in the energy and power sectors such as voltage regulation, power factor, and others.

Asia-Pacific. Among this, China holds a prominent share in the market accounting for 36.4% market share in 2022. The growth is attributed to the growing industrial automation industry, surging government investment in military and defense creating immense growth opportunities for the given market players in coming years across the country.

The expansion of the automotive, industrial automation, and other industries is the reason behind the rise in SSRs in Europe. Manufacturers must modernize their operations and manufacturing facilities in order to keep up with the world's rapid technological improvements. Given that SSRs are used in heat control components, fire control systems, conveyor belts, vehicles, and other applications, the market for them is expected to grow. Thus, the growing automotive industry and presence of diverse automotive giants across the region, for instance, according to the data of the International Energy Agency, Europe, the second largest market, electric car sales increased by over 15% in 2022, concluding that more than one in every five cars sold was electric, thus, creating immense growth opportunities for the SSR market players to exploit in the coming years and gain high-profit margins across the region.

The MEA region is experiencing significant opportunities in infrastructure development in recent years. Governments in many MEA countries are investing in large-scale infrastructure projects such as vertical cities, roads, bridges, airports, and seaports. SSR is a crucial component in the construction of these projects, providing the necessary strength and durability.

The growing investment in electric vehicles and the presence of well-established market players operating in the electric vehicles market create immense growth opportunities for the SSR market players in coming years to tap the regions and curb the demand pool. South American SSR market is expected to reach a valuation of 167.2 USD million by the end of 2032 from 121.7 USD million in 2022.

Key Findings of the Study

• The global Solid State Relay market is expected to reach USD 1.88 million by 2032, at a CAGR of 4.48% during the forecast period.


• The Asia Pacific region accounted for the fastest-growing global market, as it has the region’s large manufacturing and logistics industries.


• Based on mounting, Panel Mount segment was attributed to holding the largest market in 2022, with an approximate market share of 36.5%.


• Crydom Inc. (Sensata Technology), Omron Corporation, Schneider Electric, ABB Ltd., IXYS Corp. (Littelfuse), STMicroelectronics, Rockwell Automation Inc., General Electric, Vishay Intertechnology (Siliconix), Fujitsu Limited, Carlo Gavazzi Holding AG, Honeywell International Inc, and Texas Instruments Inc.