Global Solid State Relays (SSR) Market Insights, Forecast to 2028

Global Solid State Relays (SSR) Market Insights, Forecast to 2028

Summary

Market Analysis and Insights: Global Solid State Relays (SSR) Market
Due to the COVID-19 pandemic, the global Solid State Relays (SSR) market size is estimated to be worth US$ 1,012.12 million in 2022 and is forecast to a readjusted size of US$ 1,397.27 million by 2028 with a CAGR of 5.52% during the review period. Fully considering the economic change by this health crisis, PCB Mount accounting for 41.46% of the Solid State Relays (SSR) global market in 2021, is projected to value US$ 576.00 million by 2028, growing at a revised 5.27% CAGR in the post-COVID-19 period. While Industrial Equipment segment is altered to a 5.11% CAGR throughout this forecast period.
China Solid State Relays (SSR) market size was valued at US$ 194.37 million in 2021, while the US and Europe Solid State Relays (SSR) were US$ 271.38 million and US$ 258.21 million, severally. The proportion of the US was 28.18% in 2021, while China and Europe were 20.18% and 26.81% respectively, and it is predicted that China proportion will reach 23.25% in 2028, trailing a CAGR of 7.63% through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR 5.52%, 4.11%, and 5.87% respectively for the next 6-year period. As for the Europe Solid State Relays (SSR) landscape, Germany is projected to reach US$ 73.96 million by 2028 trailing a CAGR of 5.71% over the forecast period.
The global key manufacturers of Solid State Relays (SSR) include Panasonic, Crydom, OMRON, Carlo gavazzi, Sharp, IXYS, TE Connectivity, groupe celduc, Fujitsu Limited, and Schneider, etc. In 2021, the global top five players have a share approximately 34.49% in terms of revenue.
In terms of production side, this report researches the Solid State Relays (SSR) production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Solid State Relays (SSR) by region (region level and country level), by company, by Type and by Application, from 2017 to 2022 and forecast to 2028.
Global Solid State Relays (SSR) Scope and Segment
Solid State Relays (SSR) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Solid State Relays (SSR) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type, and by Application for the period 2017-2028.
By Company
Panasonic
Crydom
OMRON
Carlo gavazzi
Sharp
IXYS
TE Connectivity
groupe celduc
Fujitsu Limited
Schneider
Siemens
Rockwell Automation
OPTO22
Xiamen Jinxinrong Electronics
JiangSu Gold 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

Segment by Type
PCB Mount
Panel Mount
Din Rail Mount

Segment by Application
Industrial Equipment
Home Appliance
Building Automation
Power & Energy
Others

Production by Region
North America
Europe
China
Japan
Rest of World

Sales by Region
North America
U.S.
Canada
Mexico

Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of APAC

Europe
Germany
France
U.K.
Italy
Russia
Spain
Rest of Europe

Latin America
Brazil
Argentina
Colombia
Rest of Latin America

Middle East & Africa
Middle East
Africa