A solid
state relay is a switching relay that is mounted on panel, PCB, or DIN Rail that
helps switching and protection in various applications, such as industrial
automation, building equipment, industrial OEM, energy and infrastructure,
automotive and transportation, medical, and food & beverages. The output
voltages of solid state relays include AC, DC, and AC/DC. Solid state relays
are available in low, medium, and high current ratings.
Ask for PDF Brochure of Solid
State Relay Market:
The market growth
is mainly attributed to increasing digitization and automation in the consumer electronics industry; growing
modernization of electric vehicles; robust features of SSR, such as high
switching frequency and resistance to shock and vibration; and low noise while
operating, long operating life, and low maintenance and compact size of SSR. The
solid state relay market is expected to reach
USD 1.6 billion by 2024 from USD 1.2 billion in 2019, at a CAGR of 5.7%. Crydom (US), Omron
Corporation (Japan), and Carlo Gavazzi (Switzerland) are the leading players in
the solid state relay market.
Crydom is among the leading market players
manufacturing solid state relays. The company specializes in providing a wide
range of off-the-shelf solid state relays, contractors, and related products
along with customized solid state switching solutions. It operates as a
subsidiary of Sensata Technologies. The products offered by Crydom are supplied
to markets, which include building equipment, energy & infrastructure, food
& beverages, industrial OEM, medical, and transportation.
Crydom
mainly adopts the strategy of product launches to expand its product portfolio
and meet customer demands. For instance, in March 2017, the company launched
the PMP Series of proportional control relays. In November 2016, the company
launched EL Series AC and DC output solid state relays.
Omron
Corporation is a major player in the solid state relay
market. The company has a huge product portfolio of solid state relays. Besides
solid state relays, the company manufactures terminal relays, I/O relay
terminals, and power controllers. The R&D investments of the company have increased from 6.3% of the total revenue
in 2015 to 6.9% of the total revenue in 2017. This indicates the company is
focusing on the advancement of its product portfolio. The company has its
manufacturing facilities in Japan, China, and the Netherlands, and distribution
centers across the world.
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Analyst:
Carlo
Gavazzi is a major player in the sold state relay market involved in
designing and manufacturing innovation solutions in this market. The company’s
products are manufactured in its ISO 9001 certified factories. Carlo Gavazzi
has 6 R&D manufacturing centers across the world. The company serves its
clients in regions such as Europe, North America, and APAC through its 22 sales
companies and 60 independent national distributors.
The company adopts the strategy of product launches to expand its
product portfolio, which would help the company in expanding its customer base
and increase market share. For instance, in November 2018, the company launched
a new product—RGC3 48 series. The company has increased its investments in
R&D from 4.3% in 2015 to 4.6% in 2017, which denotes that the company plans
to further come up with new and advanced products in the solid state relay
market.
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