Global Solid-State Switch Market Growth 2023-2029

Global Solid-State Switch Market Growth 2023-2029

A solid-state switch or solid state relay (SSR) is an electronic switching device that switches on or off when an external voltage (AC or DC) is applied across its control terminals.
LPI (LP Information)' newest research report, the “Solid-State Switch Industry Forecast” looks at past sales and reviews total world Solid-State Switch sales in 2022, providing a comprehensive analysis by region and market sector of projected Solid-State Switch sales for 2023 through 2029. With Solid-State Switch sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solid-State Switch industry.
This Insight Report provides a comprehensive analysis of the global Solid-State Switch 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 Switch portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Solid-State Switch market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solid-State Switch 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 Switch.
The global Solid-State Switch market size is projected to grow from US$ 915.4 million in 2022 to US$ 1322.4 million in 2029; it is expected to grow at a CAGR of 1322.4 from 2023 to 2029.
Solid-State Switch have many manufacturers including Omron, Crydom, Panasonic, Fujitsu, Littelfuse, OPTO22, Schneider, Carlo Gavazzi and ect., The top 5 manufacturers’ concentration ratio is about 30%. The largest Solid-State Switch consumption region is china, with the market share about 30%. The second region is North America, whose sales market share is more than 20%. AC Output SSRs was the largest segment of global Solid-State Switch market, with a nearly 80% market share. The application of Solid-State Switch includes Building Automation, Industrial Automation Equipment, Power & Energy, Home Appliances and Others. Industrial Automation Equipment was the largest application field, which is nearly 50% market share.
This report presents a comprehensive overview, market shares, and growth opportunities of Solid-State Switch market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
AC Output SSRs
DC Output SSRs
AC/DC Output SSRs
Segmentation by application
Building Automation
Industrial Automation Equipment
Power & Energy
Home Appliances
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.
Omron
Littelfuse
Crydom
TE Connectivity
Carlo Gavazzi Holding
Panasonic
Opto 22
Vishay
Celduc Relais
Wuxi Gold Control Technology
Fujitsu

Key Questions Addressed in this Report
What is the 10-year outlook for the global Solid-State Switch market?
What factors are driving Solid-State Switch market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Solid-State Switch market opportunities vary by end market size?
How does Solid-State Switch 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.