North America Solid State Relay Market Size, Share & Trends Analysis Report By Type (AC, DC, and AC/DC), By End User, By Mounting Type (PCB Mount, Panel Mount, DIN Rail Mount, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Solid State Relay Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 6,574.8 thousand units, showcasing a growth of 6.3% (2019-2022).
DC SSRs are available in various configurations, including single-pole, single-throw (SPST), single-pole, double-throw (SPDT), and multi-channel designs, catering to diverse application requirements. They offer advantages such as fast response times, silent operation, high switching frequencies, and long service life compared to traditional electromechanical relays. Therefore, the U.S. market utilized 2,294 thousand units of DC solid state relay in 2022.
The US market dominated the North America Solid State Relay Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $364.5 million by 2030. The Canada market is experiencing a CAGR of 8.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.5% during (2023 - 2030).
Renewable energy applications represent another significant area of adoption for SSRs. Solar photovoltaic (PV), wind turbines, and energy storage systems depend on SSRs because of the movement towards sustainable energy sources. They enable precise control of power electronics, inverters, and energy storage devices, ensuring optimal energy conversion, grid synchronization, and system stability. The adoption of SSRs in renewable energy applications is expected to grow as governments and industries increasingly invest in renewable energy infrastructure and grid modernization.
Furthermore, SSRs find widespread adoption in consumer electronics, home appliances, medical devices, and smart home automation systems. Their reliability, efficiency, and noiseless operation make them ideal for controlling electrical loads in diverse household and personal devices. As the demand for smart home solutions and IoT (Internet of Things) devices continues to rise, the adoption of SSRs in consumer electronics is expected to increase further.
The expansion of renewable energy in Mexico has also spurred the development of microgrid and islanded systems, which operate independently of the main electrical grid or in conjunction with it. As per the data released in 2023 by the International Trade Administration, Mexico’s goal is 35 percent of electricity from clean energy sources by 2024, which includes power regeneration from renewable and non-renewable sources such as nuclear and efficient cogeneration. Therefore, the expansion of renewable energy and the growing food and beverage industry in the region are propelling the market’s growth.
Based on Type, the market is segmented into AC, DC, and AC/DC. Based on End User, the market is segmented into Energy & Power, Industrial Automation, Automotive, Food & Beverages, and Others. Based on Mounting Type, the market is segmented into PCB Mount, Panel Mount, DIN Rail Mount, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Vishay Intertechnology, Inc.
- Panasonic Holdings Corporation
- Omron Corporation
- Infineon Technologies AG
- TE Connectivity Ltd.
- Fujitsu Limited
- Sharp Corporation
- Sensata Technologies Holdings PLC
- Littelfuse, Inc.
- Carlo Gavazzi Automation S.p.A. (Carlo Gavazzi Holding AG)
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
- AC
- DC
- AC/DC
- Energy & Power
- Industrial Automation
- Automotive
- Food & Beverages
- Others
- PCB Mount
- Panel Mount
- DIN Rail Mount
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Solid State Relay Market, by Type
- 1.4.2 North America Solid State Relay Market, by End User
- 1.4.3 North America Solid State Relay Market, by Mounting Type
- 1.4.4 North America Solid State Relay Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Recent Strategies Deployed in Solid State Relay Market
- Chapter 5. North America Solid State Relay Market by Type
- 5.1 North America AC Market by Country
- 5.2 North America DC Market by Country
- 5.3 North America AC/DC Market by Country
- Chapter 6. North America Solid State Relay Market by End User
- 6.1 North America Energy & Power Market by Country
- 6.2 North America Industrial Automation Market by Country
- 6.3 North America Automotive Market by Country
- 6.4 North America Food & Beverages Market by Country
- 6.5 North America Others Market by Country
- Chapter 7. North America Solid State Relay Market by Mounting Type
- 7.1 North America PCB Mount Market by Country
- 7.2 North America Panel Mount Market by Country
- 7.3 North America DIN Rail Mount Market by Country
- 7.4 North America Others Market by Country
- Chapter 8. North America Solid State Relay Market by Country
- 8.1 US Solid State Relay Market
- 8.1.1 US Solid State Relay Market by Type
- 8.1.2 US Solid State Relay Market by End User
- 8.1.3 US Solid State Relay Market by Mounting Type
- 8.2 Canada Solid State Relay Market
- 8.2.1 Canada Solid State Relay Market by Type
- 8.2.2 Canada Solid State Relay Market by End User
- 8.2.3 Canada Solid State Relay Market by Mounting Type
- 8.3 Mexico Solid State Relay Market
- 8.3.1 Mexico Solid State Relay Market by Type
- 8.3.2 Mexico Solid State Relay Market by End User
- 8.3.3 Mexico Solid State Relay Market by Mounting Type
- 8.4 Rest of North America Solid State Relay Market
- 8.4.1 Rest of North America Solid State Relay Market by Type
- 8.4.2 Rest of North America Solid State Relay Market by End User
- 8.4.3 Rest of North America Solid State Relay Market by Mounting Type
- Chapter 9. Company Profiles
- 9.1 Vishay Intertechnology, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research and Development Expense
- 9.1.5 SWOT Analysis
- 9.2 Panasonic Holdings Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Omron Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Infineon Technologies AG
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expense
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 TE Connectivity Ltd.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 Fujitsu Limited
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 SWOT Analysis
- 9.7 Sharp Corporation
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental & Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 SWOT Analysis
- 9.8 Sensata Technologies Holdings PLC
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.5.2 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Littelfuse, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Product Launches and Product Expansions:
- 9.9.5.2 Acquisition and Mergers:
- 9.9.6 SWOT Analysis
- 9.10. Carlo Gavazzi Automation S.p.A. (Carlo Gavazzi Holding AG)
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 SWOT Analysis
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