Solid State Relay Market to Escalate to $2.1 Billion by 2029: Growth Driven by the Integration of Renewable Energy and Electrification of Vehicles

What Is the Growth Forecast for the Global Solid State Relay Market?

The solid state relay market size has seen robust growth in recent years, with a significant leap from $1.47 billion in 2024 to a projected $1.59 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.2%. This impressive growth span is a result of increasing demand for energy-efficient solutions, automation, industrialization, and the need for reliable devices that resist temperature fluctuations and vibrations. The automotive and transportation sector also share prominent credit for this surge.

Expected to witness steady acceleration, the solid state relay market size is projected to strengthen to $2.1 billion by 2029 at a CAGR of 7.2%. Key factors driving this growth include renewable energy integration, electrification of vehicles, increased use in medical equipment applications, telecommunications infrastructure, data center applications, and the implementation of smart grids. Major trends in the forecast period include advancements in semiconductor technology, digital SSRs, intelligent controls, high reliability and long lifecycle, and the integration of fault detection and diagnostics.

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Are Electric Vehicles (EVs) Boosting the Solid-State Relay Market Growth?

The solid-state relay market is experiencing significant growth, largely credited to the surge in demand for electric vehicles (EVs). As EVs rely entirely on electricity stored in batteries — a conspicuous move away from fossil fuels — they necessitate the long-operating lives and superior battery isolation capability of solid-state relays. This critical role of solid-state relays in promoting the switch to more eco-friendly vehicles has led to increased demand for EVs and hybrid vehicles. The International Energy Agency reports that in 2023, electric car sales reached 14 million worldwide, making up 18% of total car sales.

What Are the Key Segments in the Global Solid State Relay Market?

The solid state relay market report covers the following segments:

1) By Mounting Type: Panel, PCB, DIN Rail, Other Mounting Types (Plug-in)

2) By Output: AC SSR, DC SSR, AC Or DC Output SSR

3) By Power Rating: Low(0-20A), Medium(20A-50A), High(>50A)

4) By Industry: Energy And Infrastructure, Industrial OEM, Building Equipment, Food And Beverages, Automotive And Transportation, Industrial Automation

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What Are the Major Players in the Solid State Relay Market?

Leading companies in the solid state relay market include Crydom Inc., Omron Corporation, Carlo Gavazzi Holding AG, Vishay Intertechnology Inc., Rockwell Automation Inc., ABB Ltd., Sensata Technologies Holding CO U.S. B.V., Teledyne Relays Inc., Eaton Corporation, TE Connectivity, Celduc Relais, Infineon Technologies, IXYS Corporation, Panasonic Corporation, Durex Industries, Crouzet Automatismes SAS, Advanced Energy Industries Inc., HONGFA Technology Co. Ltd., Axicom Technology Co. Ltd., and Bourns Inc.

What Novel Trends Are Shaping the Solid-State Relay Market?

Major companies in the solid-state relay market are achieving new milestones by developing innovative products, such as automotive-qualified isolated drivers and switches, to improve reliability and safety in electric vehicles and high-voltage systems. One recent example is the introduction of a new portfolio of solid-state relays by Texas Instruments in May 2022. This innovative line of isolated solid-state relays provides unprecedented dependability for electric vehicles.

What Is the Top Region for the Solid State Relay Market?

In 2024, Asia-Pacific led the way as the largest region in the solid state relay market. Looking into the future, North America holds the highest growth potential. The report covers diverse regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Solid State Relay Market Report 2025 Offer?

Solid-state relays are semiconductor devices akin to electromechanical relays but boast the unique feature of managing electrical loads without any moving parts. They perform input-to-output isolation and switching operations through the electronic and optical properties of solid-state semiconductors. The Solid State Relay Market research report from The Business Research Company will provide insights into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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