Electricity or power plays a significant role in society. Given the amount of power that is used to perform the day-to-day activities as well as industrial operations, power outage can bring everything to a standstill. Massive industrial growth around the world has propelled the use as well as congestion of electricity.
This is where solid-state relays come into the picture, to deal with these kinds of issues. Solid state relay can be described as a type of electronic device that helps switch the power supply on and off. The system comprises a miniature sensor that helps turn off a high voltage electric signal and avoid electric shocks as well as high voltage load on the appliances. With the emergence of solid-state relay, the growth of the consumer electronics and semiconductors and integrated circuits industry has been noted globally in recent years.
A few examples of solid state relays include power transistor, TRIAC and an SCR. This technology is generally more energy-efficient since it consumes less energy. These are extensively used in electrical industries given their advantages like higher breakdown voltage & low switching loss, low switching time that makes electric current system more efficient.
Solid State Relay Industry Dynamics
The current scenario involves more and more research and development shifting towards compact, low maintenance and automated products. The solid state relay industry possesses a massive potential across a variety of applications. Some of the factors that are inducing the expansion of the solid state relay industry include the soaring demand for upgraded power of infrastructure that are aging, rising establishment of offshore Wind farm, increasing number of startup companies that offer solutions and the advantages of using sold state relay including their flexibility, compact size and less need for maintenance.
Solid state relays have several applications within the parent market, for instance the deployment of smart grid systems at homes. A smart grid system refers to a network of electric transmission that comprises almost every electric appliance at home, acting as a central point for its regulation. A Smart Grid system is touted to be an unparalleled and lucrative opportunity for the energy sector to gain entry in the epoch of efficiency and reliability that can enhance the environmental health and also elevate the overall economy. A smart grid system refers to an electronic device that comprises a solid-state relay switch, therefore boosting the demand for the latter in the consumer electronics market. Advancements in the industry is leading to evolvement of critical testing as well as development of standards and regulations of solid-state relays.
The key players in the solid state relay market are identified across all the major regions based on their countries of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are General Electric (US), Avago Technologies, Ltd (US), Omega Engineering Inc. (US), Crydom Inc. (US), Celduc Relais (France), Infineon Technologies AG (Germany), Omron Corporation (Japan), Fujitsu Limited (Japan), Rockwell Automation, Inc. (US), Teledyne Relays, Inc. (US), ABB Ltd (Switzerland), Carlo Gavazzi Holding AG (Switzerland), Vishay Intertechnology (Siliconix) (US), Fairchild Semiconductor (US), and STMicroelectronics (Switzerland). The companies are focused on innovating in their existing product portfolio as well as innovate new products by investing in research and development to analyze the changing market trends.
The market for solid state relays is estimated to register significant growth during the forecast period from 2019 to 2025. The geographic analysis of the global solid state relay market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. According to MRFR analysis, North America dominated the global market in 2018 and is expected to maintain its dominance during the forecast period. The region has largely adopted automation and is highly influenced by the Industry 4.0 revolution. Also, the adoption of solid state relays in elevators, conveyor systems, and machining tools in the US and Canada is expected to fuel the growth of solid state relay market in the region. On the other hand, Asia-Pacific is estimated to witness the fastest growth of solid state relays during the forecast period. China, Japan, and Taiwan are the major countries that are attributing to the growth of this region. Increasing demand for switching applications in automotive, consumer appliances, aircraft, heavy vehicles, HVAC and ventilation systems, telecommunication equipment, and industrial machinery is expected to fuel the growth of the overall solid state relay market in Asia-Pacific. Also, the high presence of semiconductor manufacturing companies and low labor costs in China and Taiwan is also boosting the growth of this market. Hence, owing to the above-mentioned factors, the market for solid state relays in the Asia-Pacific region is estimated to witness the fastest growth during the forecast period 2019–2025.
Solid State Relay Market Size, Share, Industry Segment by Type, Application, Rating and Region,…
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