Global SSRs (Solid State Relays) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global SSRs (Solid State Relays) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global SSRs (Solid State Relays) market size was valued at USD 517.4 million in 2023 and is forecast to a readjusted size of USD 808.4 million by 2030 with a CAGR of 6.6% during review period.

Solid State Relays (SSR) is an electronic state relay. Its internal structure is an integrated mounting package of semiconductor elements and electronics circuit board. Its main characteristics are resistant to high voltage and high current, contactor less (no noise), good isolation and ease of heat evaporation. Its main application includes: Industrial automation, home appliances, Building Automation etc.

Asia-Pacific occupies the largest market share with 54%. It is followed by North America and Europe. The global market for solid state relay is dominated by a few large vendors. Companies such as Panasonic, Crydom, OMRON and Carlo gavazzi are the key manufacturters. The top 5 have about 34% market shares.In terms of product, PCB mount is the largest segment, with a share over 47%. And in terms of application, the largest application is industrial equipment, followed by home appliance.

The Global Info Research report includes an overview of the development of the SSRs (Solid State Relays) industry chain, the market status of Industrial Automation Equipment (Panel Mount, DIN Rail Mount), Building Automation (Panel Mount, DIN Rail Mount), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of SSRs (Solid State Relays).

Regionally, the report analyzes the SSRs (Solid State Relays) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global SSRs (Solid State Relays) market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the SSRs (Solid State Relays) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the SSRs (Solid State Relays) industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Panel Mount, DIN Rail Mount).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the SSRs (Solid State Relays) market.

Regional Analysis: The report involves examining the SSRs (Solid State Relays) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the SSRs (Solid State Relays) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to SSRs (Solid State Relays):

Company Analysis: Report covers individual SSRs (Solid State Relays) manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards SSRs (Solid State Relays) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Industrial Automation Equipment, Building Automation).

Technology Analysis: Report covers specific technologies relevant to SSRs (Solid State Relays). It assesses the current state, advancements, and potential future developments in SSRs (Solid State Relays) areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the SSRs (Solid State Relays) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

SSRs (Solid State Relays) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Panel Mount
DIN Rail Mount
PCB Mount
Others

Market segment by Application
Industrial Automation Equipment
Building Automation
Home Appliances
Power & Energy
Others

Major players covered
OMRON
Panasonic
Crydom
Fujitsu Limited
Jinxinrong
IXYS
AVAGO
TE
CELDUC
Sharp
Siemens
Rockwell Automation
OPTO22
Schneider
Carlo gavazzi
JiangSu GlOD Electrical Control Technology
Vishay
Bright Toward
CLION

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe SSRs (Solid State Relays) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of SSRs (Solid State Relays), with price, sales, revenue and global market share of SSRs (Solid State Relays) from 2019 to 2024.

Chapter 3, the SSRs (Solid State Relays) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the SSRs (Solid State Relays) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and SSRs (Solid State Relays) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of SSRs (Solid State Relays).

Chapter 14 and 15, to describe SSRs (Solid State Relays) sales channel, distributors, customers, research findings and conclusion.