Global Solid State Relays (SSR) Market Growth 2023-2029

Global Solid State Relays (SSR) Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Solid State Relays (SSR) Industry Forecast” looks at past sales and reviews total world Solid State Relays (SSR) sales in 2022, providing a comprehensive analysis by region and market sector of projected Solid State Relays (SSR) sales for 2023 through 2029. With Solid State Relays (SSR) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solid State Relays (SSR) industry.

This Insight Report provides a comprehensive analysis of the global Solid State Relays (SSR) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solid State Relays (SSR) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solid State Relays (SSR) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid State Relays (SSR) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solid State Relays (SSR).

The global Solid State Relays (SSR) market size is projected to grow from US$ 491.8 million in 2022 to US$ 726.3 million in 2029; it is expected to grow at a CAGR of 726.3 from 2023 to 2029.

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.

This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Relays (SSR) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
PCB Mount
Panel Mount
Din Rail Mount

Segmentation by application
Industrial Equipment
Home Appliance
Building Automation
Power & Energy
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Crydom
OMRON
Carlo gavazzi
Sharp
IXYS
TE Connectivity
groupe celduc
Fujitsu Limited
Schneider
Siemens
Rockwell Automation
OPTO22
Xiamen Jinxinrong Electronics
JiangSu GlOD Electrical Control Technology
Vishay
Broadcom
Clion Electric
Bright Toward
Wuxi Tianhao Electronics
Suzhou No.1 Radio Component
COSMO
Shaanxi Qunli
Wuxi Solid
Suzhou Integrated Technology
FOTEK
Wuxi KangYu Electric Element
Panasonic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solid State Relays (SSR) market?

What factors are driving Solid State Relays (SSR) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solid State Relays (SSR) market opportunities vary by end market size?

How does Solid State Relays (SSR) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.