Global Surface Mount Solid State Relays Market Growth 2023-2029

Global Surface Mount Solid State Relays Market Growth 2023-2029

The global Surface Mount Solid State Relays market size is projected to grow from US$ 512 million in 2022 to US$ 698.3 million in 2029; it is expected to grow at a CAGR of 4.5% from 2023 to 2029.

Global key players of Surface Mount Solid State Relays include Panasonic, OMRON, IXYS, Toshiba and Sensata, etc. The top five players hold a share about 60%. Asia-Pacific is the largest market, has a share above 40%, followed by North America and Europe, with share about 28% and 26%, separately. In terms of product types, AC is the largest market segment, occupying for a share of above 50%. In terms of product applications, Surface Mount Solid State Relays are mainly used in industrial automation, with a market share of above 40%, followed by building automation and appliance.

Surface Mount Solid State Relay (SSR) can be used directly on the Printed Circuit Board. The PCB SSR also has the advantages of small size, easy installation, low price, and etc. According to the output power, the housing of the PCB solid state relay can be metal or plastic. Because they generate very little heat, it is usually not necessary to install an additional heat sink.

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

This Insight Report provides a comprehensive analysis of the global Surface Mount Solid State Relays 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 Surface Mount Solid State Relays portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Surface Mount Solid State Relays market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Surface Mount Solid State Relays 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 Surface Mount Solid State Relays.

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

Market Segmentation:

Segmentation by type
DC
AC

Segmentation by application
Industrial Automation
Appliances
Building Automation
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.
Panasonic
OMRON
IXYS
Toshiba
Sensata
Fujitsu Limited
Sharp
Vishay
Broadcom
OPTO22
Bright Toward
Xiamen Jinxinrong Electronics
JiangSu Gold Electrical Control Technology
Carlo gavazzi
Wuxi Tianhao Electronics
groupe celduc
Shaanxi Qunli
Suzhou No.1 Radio Component
Clion Electric
Wuxi Solid
Suzhou Integrated Technology
Wuxi KangYu Electric Element

Key Questions Addressed in this Report

What is the 10-year outlook for the global Surface Mount Solid State Relays market?

What factors are driving Surface Mount Solid State Relays market growth, globally and by region?

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

How do Surface Mount Solid State Relays market opportunities vary by end market size?

How does Surface Mount Solid State Relays 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.