Solid-State Relay Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The solid-state relay market is to record a 5% CAGR over the forecast period (2022-2028). Solid state relays are electronic switching devices that use the electrical and optical properties of solid-state semiconductors to switch on or off when a small external voltage is applied to the control terminals. It is mainly used to prevent serious accidents or flashovers as it trips the circuit breaker when a fault is detected and prevents damage to the central system. Unlike electromechanical relays, they have no moving parts that wear out, so they have a long life.

Company Profile

• Anacon Electronic Sales, Inc.
• Broadcom
• Carlo Gavazzi Holding AG
• Crydom Inc.,
• FUJITSU
• GENERAL ELECTRIC
• OMEGA Engineering Inc.

Market Segmentation

By Mounting Type:

• Panel
• PCB
• DIN Rail
• Others (plug-in, SO4, and DIP)

By Output Voltage

• AC
• DC
• AC/DC

By Current Rating

• Low (0A–20A)
• Medium (20A–50A)
• High (More than 50A)

By Application

• Industrial Automation
• Building Equipment

Scope of the Report

The research study analyzes the global Solid-State Relay industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Solid-State Relay Market Report

1. What was the Solid-State Relay Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Solid-State Relay Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Solid-State Relay Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.