How big is the Solid-state Relay Market?

The Solid-state Relay Market size is expected to reach USD 587.13 million in 2024 and grow at a CAGR of 6.33% to reach USD 798.13 million by 2029. Read More

What is the current Solid-state Relay Market size?

In 2024, the Solid-state Relay Market size is expected to reach USD 587.13 million. Read More

Who are the key players in Solid-state Relay Market?

Rockwell Automation Inc, ABB Ltd., Infineon Technologies AG, Sensata Technologies Inc. and Vishay Intertechnology Inc. are the major companies operating in the Solid-state Relay Market. Read More

Which is the fastest growing region in Solid-state Relay Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Solid-state Relay Market?

In 2024, the Asia Pacific accounts for the largest market share in Solid-state Relay Market. Read More

What years does this Solid-state Relay Market cover, and what was the market size in 2023?

In 2023, the Solid-state Relay Market size was estimated at USD 549.96 million. The report covers the Solid-state Relay Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Solid-state Relay Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Solid State Relay Market - Share, Size & Trends

Solid State Relay Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Solid State Relays Market Report is Segmented by Mounting (Panel Mount, PCB Mount, and DIN Rail Mount), Output (AC Solid State Relay, DC Solid State Relay, and AC/DC Output Relay), Application (Energy and Infrastructure, Industrial OEM, Building Equipment, Food and Beverages, Automotive and Transportation, Industrial Automation, and Healthcare), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Solid-state Relay Industry Overview

The solid state relay market is semi-consolidated, with major players like Rockwell Automation Inc., ABB Ltd, Infineon Technologies AG, Sensata Technologies Inc., and Vishay Intertechnology Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantages.

• June 2024 - Infineon Technologies unveiled the 600 V CoolMOS S7TA superjunction MOSFET designed for automotive power management. This innovative product offers an enhanced solution for various important applications crucial to the safety and efficiency of contemporary vehicles. These applications encompass vital components like circuit breakers, high-voltage battery disconnect switches, low-frequency switches for DC and AC, and high-voltage electronic fuses.

• March 2024 - Autonics opened a new sales office in Osaka, Japan, targeting the western Japan region. This move aims to improve customer service and accessibility. With the Osaka office complementing the Tokyo office in eastern Japan, Autonics seeks nationwide market expansion.