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Global AC Solid State Relay Market Size By Voltage Rating (Low Voltage (≤600V), Medium Voltage (600V-1kV), High Voltage (>1kV)), By Current Rating (Low Current (≤20A), Medium Current (20A-50A), High Current (>50A)), By Application (Industrial Automation, Consumer Electronics, Building Automation, Me


Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global AC Solid State Relay Market Size By Voltage Rating (Low Voltage (≤600V), Medium Voltage (600V-1kV), High Voltage (>1kV)), By Current Rating (Low Current (≤20A), Medium Current (20A-50A), High Current (>50A)), By Application (Industrial Automation, Consumer Electronics, Building Automation, Me

AC Solid State Relay Market Size And Forecast

AC Solid State Relay Market size was valued at USD 1.90 Billion in 2023 and is projected to reach USD 3.01 Billion by 2031, growing at a CAGR of 6.74% from 2024 to 2031.

  • An AC Solid State Relay (SSR) is an electronic device developed to switch on and off or control the flow of AC currents without using any moving mechanical parts, such as switches or relays. They primarily act as electronically controlled gates, permitting or blocking the flow of AC current depending on a control signal to enable lower power consumption.
  • When compared to conventional electromechanical relays, AC SSRs operate using semiconductors to offer benefits like quicker switching rates,, longer operational lifespans, and lower requirement of maintenance.
  • The semiconductors used in AC solid-state relays include thyristors or MOSFETs to enable ease in flow of current.
  • The specific applications of AC SSRs depend on their voltage rating, current capacity, and other technical specifications. Thereby, offering diverse solutions for controlling AC power efficiently and reliably across various industries including industrial automation, aerospace and defense, medical, power electronics, and automotive, among others.

AC Solid State Relay Market Dynamics

The key market dynamics that are shaping the AC Solid State Relay Market include

Key Market Drivers

  • Adoption of Automation in IndustriesOne of the main drivers is the steadily increasing adoption of automation in a variety of industries, including manufacturing, automotive, healthcare, and energy is surging the demand for efficient power-switching solutions. Compared to conventional electromechanical relays (EMRs) in automated systems, AC SSRs have several benefits, as quicker response time and efficient controllability are widening its use in automation systems.
  • Emphasis on Energy Efficiency The growing focus on energy conservation is bolstering the application of energy-efficient technologies, spurring the sales of AC solid-state relay. Its lower contact resistance and heat generation enable lower power consumption compared to mechanical relays, thereby boosting the use of AC solid-state relays in energy-conscious businesses.
  • Growing Adoption of Renewable EnergyReliable and effective switching solutions are needed for the integration of renewable energy sources like solar and wind power. AC SSRs are essential for managing power flow between renewable energy sources and the grid integration to maximize the power output of solar panels using maximum power point tracking (MPPT).
  • Emergence of Industrial Robots and CNC Machines Need for precise and responsive power control solutions is bolstering the use of robots and CNC machines in various industries, enhancing the use of AC solid-state relays.
  • Demand for Cost-effectiveness The constant maintenance of mechanical relays can disrupt operations, leading to an increase in expenditure. Thus, the need for longer lifespans and require minimal maintenance is demanding solid-state designed AC SSRs, promoting their adoption in industries focusing on operational uptime and reduced downtime costs.

Key Challenges

  • High Initial Cost Despite having many advantages over conventional electromechanical relays, such as energy efficiency and durability, AC SSRs can have a higher initial cost limiting its adoption. But over time, advantages like longer lifespans and cheaper upkeep will help balance the initial cost.
  • Lack of Awareness Regarding AC SSRs Although the benefits of AC SSRs over conventional solutions are becoming more widely known, some industries still lack a thorough understanding of them. Thereby, demanding educational programs to enlighten about the benefits and unambiguous proof of cost-effectiveness of AC solid state relays.
  • Competition from Low-Cost Producers The growing competition from established manufacturers of electromechanical relays in this industry is resulting in the emergence of cost-effective and analogous AC solid-state relays in the developing regions. Despite its easy availability, the quality and compliance of analogous relays pose a major hurdle for the market.
  • Availability of Skilled Professionals In certain areas, it may be necessary to hire specialists with specialized skills for the installation and upkeep of AC SSRs. The shortage of professionals is projected to hamper the market in the long run.
  • Limited Access to Advanced Technologies Although research and development are continuing, some sophisticated capabilities, such as integrated communication protocols or precise control, might not be easily accessible or reasonably priced for all applications.

Key Trends

  • Increasing Need for AutomationA growing number of industries, such as manufacturing, automotive, and healthcare, are becoming more automated, which is increasing the need for dependable and effective switching solutions like AC SSRs. It is anticipated that companies will continue to pursue lower operating expenses and increased efficiency.
  • Integration of Advanced Technologies The incorporation of control electronics and communication interfaces like Ethernet and smart or connected sensors within the SSR simplifies installation, predictive maintenance, and fault detection, and enables remote monitoring and controlling. Thereby, advancements in technologies is leading to an increase in the application of AC SSRs.
  • Miniaturization and Cost Reduction Technology breakthroughs are enabling the creation of more compact and reasonably priced AC SSRs. This increases their usability and accessibility to a larger spectrum of users and applications, hence growing the market.
  • Emphasis on Energy ConservationGrowing environmental awareness is encouraging manufacturers to develop SSRs with lower energy consumption and improved thermal management, using recycled materials and minimizing manufacturing waste. The rising focus of AC SSRs on energy efficiency by speeding the switching rate and lowering heat generation is spurring its application over traditional electromechanical relays.
  • Need for High Voltage Maintenance The growing need for efficient power management in renewable energy, smart grids, electric vehicles, and other applications increases the development of robust SSRs for handling higher voltage and current ratings. In addition to this, the use of semiconductor materials like silicon carbide (SiC) and gallium nitride (GaN) enables efficient high-power switching, opening new opportunities for SSRs.

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AC Solid State Relay Market Regional Analysis

Here is a more detailed regional analysis of the AC Solid State Relay Market

Asia Pacific (APAC)

  • Rapid industrialization is creating huge demand for the adoption of automation in diverse industries in developing and industry-prone economies including China and India. The presence of prominent players along with the emergence of new entrants in the industrial sector is expected to help surge the use of AC solid state relays. Thereby, enabling Asia Pacific to hold a dominant position in the AC Solid State Relay Market.
  • Government support and funding initiatives focusing on energy efficiency to curb impact on the environment is bolstering the demand for the integration of smart and automated solutions for cutting down on overall costs.
  • Also, the need for miniaturization in technologies such as semiconductors is necessitating the use of portable but highly efficient SSRs, thereby possibly leading to the expansion of AC solid state relays in this region.
  • Growing infrastructure development is developing a huge market power electronics and renewable energy technologies, which will further enhance the demand for high-power SSRs in these sectors.

North America

  • The presence of prominent automotive and industrial players, including Crydon and TE Connectivity, is projected to create lucrative opportunities for the AC SSRs market.
  • The effectiveness of stringent emission regulations favoring energy-efficient solutions has led to an increase in the investment on research and development in the field of solid state relays.
  • Also, the adoption of start-stop technology in automotive and manufacturing sectors along with the emphasis on latest, smart and connected technologies is widening the application of AC solid state relays in North America.
  • Integration of AC SSRs in renewable energy systems, customization and high-performance solutions along with focus on sustainability is potentially emerging opportunistic for the market. Overall, these factors majorly help North America exhibit rapid growth in the global AC solid state relays market.

Europe

  • The flourishing automotive, medical, and manufacturing sector in Europe is driving the demand for automation to enhance the productivity speed and product quality. Thereby, need for automated systems is offering new growth prospects to AC solid state relays market.
  • Also, presence of strict directives that encourage energy efficiency and product quality enhance the demand for SSR. Thus, an increased emphasis on automation across a range of industries is fueling the market.
  • The booming automotive industry in economies, such as Germany, is necessitating need for cutting-edge AC SSR materials and designs to comply with the existing and latest vehicular technologies or renewable energy solutions by emphasizing environmentally beneficial solutions.

AC Solid State Relay MarketSegmentation Analysis

The Global AC Solid State Relay Market is segmented based on Voltage Rating, Current Rating, Application, Type, and Geography.

AC Solid State Relay Market, By Voltage Rating

  • Low Voltage (≤600V))
  • Medium Voltage (600V->1kV))
  • High Voltage (>1kV)

Based on Voltage Rating, the market is segmented into Low Voltage (≤600V)), Medium Voltage (600V->1kV)), and High Voltage (>1kV). Low voltage segment is expected to widely be used in industrial automation, consumer electronics, and building automation industries owing to its cost-effectiveness compared to high voltage options. The easy fit in of lower voltage solutions in mature technology with readily available manufacturing infrastructure and established performance standards will further bolster its adoption. On the other hand, medium voltage segment is exhibiting fastest growth owing to the rise in demand for medium-voltage SSRs for efficient power management in applications like renewable energy integration, smart grids, and electric vehicle charging systems.

AC Solid State Relay Market, By Current Rating

  • Low Current (≤20A)
  • Medium Current (20A-50A)
  • High Current (>50A)

Based on Current Rating, the market is segmented into Low Current (≤20A), Medium Current (20A-50A), and High Current (>50A). From which, the medium current is witnessing highest growth in the market. Increasing use of industrial robots, CNC machines, and other automated equipment for controlling medium-power motors and actuators is bolstering the use of medium current solutions. Similarly, rising application in the renewable energy systems and electric vehicle charging infrastructure will further open new doors of opportunities for the medium current.

AC Solid State Relay Market, By Application

  • Industrial Automation
  • Consumer Electronics
  • Building Automation
  • Medical
  • Aerospace and Defense
  • Power Distribution & Grid Infrastructure
  • Automotive
  • Others

Based on Application, the market is segmented into Automotive, Power Distribution & Grid Infrastructure, Medical, Aerospace and Defense, Building Automation, Industrial Automation, Consumer Electronics, and Others. Industrial automation segment is estimated to hold major share owing to the rising demand for automated systems in the industrial processes requiring control over heating, lighting, and other equipment across various industries. Also, the SSRs accuracy and reliability in power switching over mechanical relays enhances its application in automated systems. Thus, industrial sectors worldwide are increasingly automating their processes, boosting SSR demand.

AC Solid State Relay Market, By Type

  • AC-AC SSRs
  • AC-DC SSRs
  • DC-AC SSRs

Based on Type, the market is segmented into AC-AC SSRs, AC-DC SSRs, and DC-AC SSRs. The AC-DC SSRs segment is estimated to hold majority of the share in the AC Solid State Relay Market. These SSRs help easily convert AC input to DC output permitting use of AC power solutions to control DC devices. Thus, increasing its application across diverse industries including industrial automation, power supplies, medical equipment, and consumer electronics. It cost-effectiveness further bolsters its application among budget-constrained enterprises.

Key Players

The “Global AC Solid State Relay Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Omron Corporation, Panasonic Corporation, TE Connectivity, Schneider Electric SE, Phoenix Contact GmbH & Co. KG, Crydon, Carlo Gavazzi, Vishay Intertechnology, Sensata Technologies, Mitsubishi Electric, Fuji Electric Corporation, Littelfuse, Inc., Delta Electronics, Weidmüller, and NXP Semiconductors.

Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. Key development strategies, market share analysis, and market positioning analysis of the aforementioned players globally are also included in the competitive landscape section.

AC Solid State Relay Market Recent Developments

  • In February 2024, Omron unveils a new high-density AC SSR series with improved thermal management, allowing for smaller footprints in equipment designs. This caters to the growing demand for miniaturization in various applications.
  • In January 2024, TE Connectivity partners with a leading semiconductor manufacturer to develop next-generation AC SSRs with integrated fault detection and diagnostics capabilities. This aims to improve system reliability and predictive maintenance.
  • In December 2023, Schneider Electric showcased its latest AC SSR solution with integrated communication protocols for seamless integration into Industrial Internet of Things (IIoT) applications. This opens up new possibilities for remote monitoring and data-driven control.
  • In February 2024, The European Union releases new guidelines for harmonizing AC SSR safety standards across member states. This aims to simplify product approvals and facilitate market access for manufacturers.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Omron Corporation, Panasonic Corporation , TE Connectivity, Schneider Electric SE, Phoenix Contact GmbH & Co. KG, Crydon, Carlo Gavazzi

SEGMENTS COVERED

By Voltage Rating, By Current Rating, By Application, By Type, and By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The c

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