Solid state relay market report size is projected to grow from USD 1.1 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 6.6% from 2020 to 2025.
The major players are Crydom (US), Omron Corporation (Japan), Carlo Gavazzi (Switzerland), Vishay Intertechnology (US), Omega Engineering (US).
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Solid State Relay Market Report Scope:
Report Attributes | Details |
Market Size Value in 2020 | USD 1.1 Billion |
| Revenue Forecast in 2025 | USD 1.5 Billion |
| Growth Rate | 6.6% |
| Base Year Considered | 2019 |
| Historical Data Available for Years | 2016–2025 |
Forecast Period | 2020–2025 |
Segments Covered |
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Region Covered |
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| Market Leaders |
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| Top Companies in North America |
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| Key Market Driver | Growing adoption of high-tech electronics and automation in consumer electronics industry |
| Key Market Opportunity | Expanding semiconductor industry in APAC |
| Largest Growing Region | Asia Pacific |
| Largest Market Share Segment | AC output voltage Segment |
| Highest CAGR Segment | Medium current rating Segment |
| Largest Application Market Share | Automotive & Transportation Application |
Recent Developments
- In June 2020, Littelfuse, Inc, the parent company of IXYS Integrated Circuits Division, launched the PLA172P OptoMOS Relay, an 800 V normally open single-pole 6-pin solid state relay (SSR), which comes with guaranteed electrical parameters at 105°C ambient operating temperature..
- In February 2020, Celduc Relais launched a new range of two-phase solid state relays in okpac housing with push-in spring power terminals.
- In April 2019, Teledyne Defense Electronics launched a new website that provides a “single source” on the web for accessing its comprehensive high tech offerings for global markets. Buyers to the new Teledyne Defense Electronics website will find access to over 100 product lines including the solid state relays and other products.
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