Market Share of Solid-state Relay Industry
The solid-state relay market is competitive with the presence of a few significant players like Rockwell Automation Inc., ABB Ltd, General Electric, and Omron Corporation. These major players, with a prominent share in the market, are focusing on expanding their customer base globally. These companies leverage strategic collaborative initiatives to increase their market share and profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and tapping into emerging markets.
- May 2022 - Texas Instruments introduced a new portfolio of solid-state relays, including automotive-qualified isolated drivers and switches, designed to deliver industry-leading reliability to help make electric vehicles (EVs) safer. The new isolated solid-state relays also include features such as small solution sizes to reduce the bill-of-materials (BOM) cost of the powertrain and 800-V battery-management systems.
- May 2022 - Crouzet, a French manufacturer of electromechanical and electronic components for the aviation, land transport, and machine industries. The company's portfolio has been extended to include single-phase SSRs, divided into four series: GN, GN+, GNA, and GNS, all of these products are IP20-rated.
Solid-State Relay Market Leaders
Rockwell Automation Inc
ABB Ltd.
General Electric
Omron Corporation
Fujitsu Limited
*Disclaimer: Major Players sorted in no particular order
