Solid State Relay Market by Mounting Type (DIN Rail, DIP, Panel), Output Voltage (AC, AC/DC, DC), Current Rating, Application - Global Forecast 2024-2030

Solid State Relay Market by Mounting Type (DIN Rail, DIP, Panel), Output Voltage (AC, AC/DC, DC), Current Rating, Application - Global Forecast 2024-2030

The Solid State Relay Market size was estimated at USD 2.85 billion in 2023 and expected to reach USD 3.06 billion in 2024, at a CAGR 7.67% to reach USD 4.79 billion by 2030.

Global Solid State Relay MarketSolid state relays (SSRs) are the semiconductor equivalents of electromechanical relays and, therefore, can be used to control electrical loads. SSRs employ semiconductor switching elements, such as triacs, thyristors, diodes, and transistors, that do not have mechanical moving parts. SSRs can switch 24 VAC or 24 VDC on or off for external loads, including actuators, relays, or indicators. The potential demand due to the rising number of electric and connected vehicles has driven market growth for the last few years. This is because solid-state relays can efficiently disconnect and reconnect the loads in a few microseconds, enabling the safe operation of high-voltage automotive systems.Moreover, the rapidly growing industrial automation trends significantly contribute to the market growth owing to its ability to automate complete manufacturing operations while reducing the operations time and improving productivity. Despite these growth factors, maintaining specific temperature control and waste heat generation has restricted market growth for the last few years. The emergence of low-cost alternatives such as electromechanical relays is being developed, affecting the production and distribution of solid-state relays. However, the key manufacturers have shifted their focus towards SSR innovation and advancement, which creates a scope for the market in the near future.Regional InsightsThe Americas showcases the growing landscape for the solid state relay (SSR) market attributed to growth in industrial automation, smart homes, and focus on expanding native electronic product manufacturing. Asia-Pacific represents a significant market space for the SSR, with a major manufacturing hub of SSR and related components and increasing exports of SSR. In addition, expanding industrialization in the emerging economies in the Asia-Pacific provide a brighter prospect for the SSR market development. The focus on energy-efficient equipment, the advanced medical and automotive sector, and increasing electrization for smart and automated residential and commercial buildings drives the growth of the SSR market in Europe, the Middle East & Africa region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Solid State Relay Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Solid State Relay Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Solid State Relay Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Anacon Electronic Sales, Inc., Arico Technology Co., Ltd., ATO.com, Autonics Corporation, Broadcom, Inc., Cabur S.r.l., Carlo Gavazzi Group, Celduc Groupe, Connectwell Industries Pvt. Ltd., Digi-Key Electronics, E. Dold & Söhne GmbH & Co. KG, Eaton Corporation PLC, Ecobee, Inc., Finder S.p.A., Fuji Electric Co., Ltd., Fujitsu Limited, Gefran S.P.A., General Electric Company, HP Inc., IDEC Corporation, Infineon Technologies AG, Interface Solutions UK Ltd., Jiangsu Gold Electric Control Technology Co., Ltd., NOVUS Automation Inc., Omega Engineering, Inc., Omron Corporation, Panasonic Holdings Corporation, Phoenix Contact GmbH & Co. KG, Rockwell Automation Inc., Sai Tech Controls, Satronix (India) Pvt. Ltd., Schneider Electric SE, Sensata Technologies Holding PLC, Sharp Corporation, Siemens AG, Standex Electronics, Inc., TE Connectivity Ltd., Teledyne Technologies Incorporated, Texas Instruments Incorporated, Toshiba Corporation, Vishay Intertechnology, Inc., Weidmüller Interface GmbH & Co. KG, Zhejiang Hugong Automation Technology Co., Ltd., and Zonit Structured Solutions, LLC.

Market Segmentation & Coverage



This research report categorizes the Solid State Relay Market to forecast the revenues and analyze trends in each of the following sub-markets:

Mounting Type
DIN Rail
DIP
Panel
PCB
Plug-in
SO4
Output Voltage
AC
AC/DC
DC
Current Rating
High (More than 50A)
Low (0A–20A)
Medium (20A–50A)
Application
Automotive & Transportation
Aircraft Power Supplies
Electric Passenger Cars & Utility Vehicles
Emergency Vehicle
Refrigerated Vehicles
Train Control Systems
Building Equipment
HVAC Systems
Office Lighting Systems
Radiant Underfloor Heating & Roof Heating
Security & Access Control Systems
Warehouse & Theatrical Lighting Systems
Communication Devices
Energy & Infrastructure
Battery Storage Devices
Power Distribution
Solar Tracking Systems
Wind Turbines
Food & Beverages
Coffee Makers & Vending Machines
Ovens & Toasters
Steamers & Warming Trays
Industrial Automation & OEM
Conveyor Systems & Elevators
Hoists & Fitness Equipment
Industrial Robotics & Material Handling Equipment
Packaging Devices
Plastic & Printing Devices
Medical
Dialysis Machines & Portable Respiratory Equipment
Drug Dispensing System
Imaging Systems
Medical Sterilizers & Incubators
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Solid State Relay Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Solid State Relay Market?
3. What are the technology trends and regulatory frameworks in the Solid State Relay Market?
4. What is the market share of the leading vendors in the Solid State Relay Market?
5. Which modes and strategic moves are suitable for entering the Solid State Relay Market?

Note: PDF & Excel + Online Access - 1 Year