Market Analysis and Insights: Global Solid State Relays (SSR) Market

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.

Due to the COVID-19 pandemic, the global Solid State Relays (SSR) market size is estimated to be worth US$ 502.8 million in 2022 and is forecast to a readjusted size of US$ 751.4 million by 2029 with a CAGR of 5.5% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, PCB Mount accounting for % of the Solid State Relays (SSR) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Industrial Equipment segment is altered to an % CAGR throughout this forecast period.

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.

Global Solid State Relays (SSR) Scope and Market Size

The global Solid State Relays (SSR) market is segmented by company, region (country), type and 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 sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


PCB Mount

Panel Mount

Din Rail Mount


Segment by Application


Industrial Equipment

Home Appliance

Building Automation

Power & Energy

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


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