Solid State Relays

Global Solid State Relays Market to Reach US$2.0 Billion by 2030

The global market for Solid State Relays estimated at US$1.5 Billion in the year 2024, is expected to reach US$2.0 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. Panel Mount, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the PCB Mount segment is estimated at 5.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$408.8 Million While China is Forecast to Grow at 5.0% CAGR

The Solid State Relays market in the U.S. is estimated at US$408.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$319.6 Million by the year 2030 trailing a CAGR of 5.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.7% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Solid State Relays Market - Key Trends and Drivers Summarized

Why Are Solid State Relays Becoming Vital in Modern Electrical Systems?
Solid State Relays (SSRs) are gaining significant traction in modern electrical and electronic systems due to their ability to offer reliable, silent, and fast switching solutions without moving parts. Unlike traditional electromechanical relays (EMRs), SSRs use semiconductor switching elements such as thyristors, triacs, and transistors, which provide longer life expectancy, greater efficiency, and enhanced durability. As industries shift towards automation and energy-efficient operations, SSRs are becoming essential components in various sectors, including industrial automation, automotive, telecommunications, and consumer electronics. The increasing deployment of SSRs in applications that require frequent switching and precise control, such as temperature control in HVAC systems and motor controls in robotics, is driving their adoption across multiple end-use markets.

How Are Technological Innovations Shaping the Solid State Relay Market?
Technological advancements are playing a pivotal role in transforming the solid state relay market, leading to the development of more efficient, compact, and cost-effective SSR solutions. The introduction of microcontroller-based SSRs and hybrid SSRs that combine the advantages of both solid state and electromechanical relays is gaining popularity. These innovations are addressing challenges related to heat dissipation, thermal management, and performance optimization, making SSRs more versatile for high-frequency and high-speed switching applications. Additionally, the development of SSRs with integrated safety features, such as overvoltage and overcurrent protection, is expanding their application scope in critical systems that demand high reliability and safety standards. These technological advancements are supporting the growth of the SSR market across various industrial and commercial sectors.

Which Market Segments Are Leading the Growth of the Solid State Relay Industry?
Types of SSRs include panel mount, PCB mount, and DIN rail mount relays, with panel mount SSRs holding the largest market share due to their ease of installation and widespread use in industrial automation and control systems. Output voltages range from low to high, catering to various applications such as lighting control, heating control, and motor drives, with low to medium voltage SSRs dominating the market due to their suitability for most industrial and commercial applications. End-use sectors comprise industrial automation, automotive, telecommunications, consumer electronics, and healthcare, with industrial automation leading the market due to the high demand for reliable and efficient switching solutions. Geographically, North America and Europe are the largest markets for SSRs, driven by the strong presence of industrial automation and robotics sectors, while Asia-Pacific is expected to witness rapid growth due to the expansion of manufacturing and infrastructure development.

What Are the Key Drivers of Growth in the Solid State Relay Market?
The growth in the solid state relay market is driven by several factors, including the increasing focus on energy efficiency and reduced maintenance, technological advancements in SSR design and materials, and the rising adoption of automation across various industries. The need for reliable, silent, and high-speed switching solutions is driving the demand for SSRs in industrial automation, automotive, and consumer electronics applications. Technological innovations in microcontroller-based and hybrid SSRs, coupled with advancements in heat dissipation and safety features, are enhancing the performance and versatility of SSRs, supporting market growth. The expansion of SSR applications in HVAC, power management, and renewable energy sectors, along with the growing emphasis on smart grid infrastructure and digitalization, is creating new opportunities for market players. Additionally, the focus on developing compact, high-current, and high-voltage SSRs for diverse environments is further propelling the growth of the solid state relay market.

SCOPE OF STUDY:

The report analyzes the Solid State Relays market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Mounting Type (Panel Mount, PCB Mount, DIN Rail Mount); Application (Industrial Automation, Building Equipment, Energy & Infrastructure, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 13 Featured) -

• Broadcom Ltd.
• Carlo Gavazzi Holding AG
• Celduc Relais
• Crydom, Inc.
• Fujitsu Ltd.
• Ixys Integrated Circuits Division Inc.
• Omega Engineering, Inc.
• Omron Corporation
• Rockwell Automation, Inc.
• Teledyne Relays
• Vishay Intertechnology, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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