The Solid State Contactors Market is expected to grow from USD 2.647 billion in 2025 to a USD 3.438 billion in 2030, at a CAGR of 5.37%.
The rise in demand for automation technology is exponentially driving the growth of the global solid-state contactors market. The use of advanced processing equipment in industries such as food and beverage, automotive, and manufacturing incorporates high heating or motion control applications during the production processes, which further leads to the global solid-state contactors market growth. The growing renewable energy sector will bolster the demand for solid-state contractors in the coming years as it offers optimized control over energy consumption.
Major industry players profiled as part of the report are Siemens AG, Mitsubishi Electric Corporation, and Omron Corporation, among others.
Solid State Contactors Market Segmentation
The solid-state contactors market has been analyzed through the following segments: