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Asia Pacific Solid State Relay Market Size, Share & Trends Analysis Report By Type (AC, DC, and AC/DC), By End User, By Mounting Type (PCB Mount, Panel Mount, DIN Rail Mount, and Others), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 175 Pages
  • March 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949413
The Asia Pacific Solid State Relay Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 11,654.8 thousand units, showcasing a growth of 7.2% (2019-2022).

In the industrial sector, SSRs find extensive use in automation and control systems for machinery, equipment, and manufacturing processes. Industries such as automotive, aerospace, electronics, and manufacturing rely on SSRs to switch and regulate electrical power to control motors, heaters, lighting, and other electrical loads, thereby optimizing energy efficiency and enhancing operational performance. Therefore, the Japan market will utilize 1,113.62 thousand units of solid-state relays in industrial & automation by 2030.



The China market dominated the Asia Pacific Solid State Relay Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $208 million by 2030. The Japan market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.8% during (2023 - 2030).

SSRs are extensively used in industrial automation systems for controlling motors, heaters, solenoids, and other electrical loads in manufacturing processes, assembly lines, and machinery. They ensure precise and rapid switching, facilitating seamless operation and enhancing productivity in diverse industrial settings. Also, SSRs are used in the automotive sector for several purposes, such as power distribution inside vehicles, lighting control, motor control, and HVAC (heating, ventilation, and air conditioning) systems. Their compact size, noiseless operation, and high durability make them ideal for automotive environments where space constraints and reliability are critical.

Similarly, SSRs are utilized in telecommunications infrastructure for switching and control functions in telecommunications networks, data centers, and server rooms. Their fast-switching speeds, low power consumption, and high reliability contribute to the efficient operation of communication systems and network equipment. The expansion of the telecommunication sector is providing growth avenues for the solid-state relay market. For instance, according to the State Council of the People’s Republic of China, the telecommunications industry in China logged steady expansion in 2022.

Smart manufacturing initiatives in China involve implementing advanced automation and control systems in manufacturing facilities to improve operational efficiency, productivity, and flexibility. According to the State Council of the People’s Republic of China, China has built over 10,000 digital workshops and smart factories and become the world’s largest smart manufacturing application industry. In conclusion, the expansion of smart manufacturing and the increasing telecommunication industry in the region propel the market’s growth.

Based on Type, the market is segmented into AC, DC, and AC/DC. Based on End User, the market is segmented into Energy & Power, Industrial Automation, Automotive, Food & Beverages, and Others. Based on Mounting Type, the market is segmented into PCB Mount, Panel Mount, DIN Rail Mount, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

  • Vishay Intertechnology, Inc.
  • Panasonic Holdings Corporation
  • Omron Corporation
  • Infineon Technologies AG
  • TE Connectivity Ltd.
  • Fujitsu Limited
  • Sharp Corporation
  • Sensata Technologies Holdings PLC
  • Littelfuse, Inc.
  • Carlo Gavazzi Automation S.p.A. (Carlo Gavazzi Holding AG)

Market Report Segmentation

By Type (Volume, Thousand Units, USD Billion, 2019-2030)
  • AC
  • DC
  • AC/DC
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
  • Energy & Power
  • Industrial Automation
  • Automotive
  • Food & Beverages
  • Others
By Mounting Type (Volume, Thousand Units, USD Billion, 2019-2030)
  • PCB Mount
  • Panel Mount
  • DIN Rail Mount
  • Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Solid State Relay Market, by Type
1.4.2 Asia Pacific Solid State Relay Market, by End User
1.4.3 Asia Pacific Solid State Relay Market, by Mounting Type
1.4.4 Asia Pacific Solid State Relay Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in Solid State Relay Market
Chapter 5. Asia Pacific Solid State Relay Market by Type
5.1 Asia Pacific AC Market by Country
5.2 Asia Pacific DC Market by Country
5.3 Asia Pacific AC/DC Market by Country
Chapter 6. Asia Pacific Solid State Relay Market by End User
6.1 Asia Pacific Energy & Power Market by Country
6.2 Asia Pacific Industrial Automation Market by Country
6.3 Asia Pacific Automotive Market by Country
6.4 Asia Pacific Food & Beverages Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Solid State Relay Market by Mounting Type
7.1 Asia Pacific PCB Mount Market by Country
7.2 Asia Pacific Panel Mount Market by Country
7.3 Asia Pacific DIN Rail Mount Market by Country
7.4 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Solid State Relay Market by Country
8.1 China Solid State Relay Market
8.1.1 China Solid State Relay Market by Type
8.1.2 China Solid State Relay Market by End User
8.1.3 China Solid State Relay Market by Mounting Type
8.2 Japan Solid State Relay Market
8.2.1 Japan Solid State Relay Market by Type
8.2.2 Japan Solid State Relay Market by End User
8.2.3 Japan Solid State Relay Market by Mounting Type
8.3 India Solid State Relay Market
8.3.1 India Solid State Relay Market by Type
8.3.2 India Solid State Relay Market by End User
8.3.3 India Solid State Relay Market by Mounting Type
8.4 South Korea Solid State Relay Market
8.4.1 South Korea Solid State Relay Market by Type
8.4.2 South Korea Solid State Relay Market by End User
8.4.3 South Korea Solid State Relay Market by Mounting Type
8.5 Australia Solid State Relay Market
8.5.1 Australia Solid State Relay Market by Type
8.5.2 Australia Solid State Relay Market by End User
8.5.3 Australia Solid State Relay Market by Mounting Type
8.6 Malaysia Solid State Relay Market
8.6.1 Malaysia Solid State Relay Market by Type
8.6.2 Malaysia Solid State Relay Market by End User
8.6.3 Malaysia Solid State Relay Market by Mounting Type
8.7 Rest of Asia Pacific Solid State Relay Market
8.7.1 Rest of Asia Pacific Solid State Relay Market by Type
8.7.2 Rest of Asia Pacific Solid State Relay Market by End User
8.7.3 Rest of Asia Pacific Solid State Relay Market by Mounting Type
Chapter 9. Company Profiles
9.1 Vishay Intertechnology, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research and Development Expense
9.1.5 SWOT Analysis
9.2 Panasonic Holdings Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Omron Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Infineon Technologies AG
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 TE Connectivity Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Acquisition and Mergers:
9.5.6 SWOT Analysis
9.6 Fujitsu Limited
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 SWOT Analysis
9.7 Sharp Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental & Regional Analysis
9.7.4 Research & Development Expense
9.7.5 SWOT Analysis
9.8 Sensata Technologies Holdings PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Littelfuse, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.5.2 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Carlo Gavazzi Automation S.p.A. (Carlo Gavazzi Holding AG)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 SWOT Analysis

Companies Mentioned

  • Vishay Intertechnology, Inc.
  • Panasonic Holdings Corporation
  • Omron Corporation
  • Infineon Technologies AG
  • TE Connectivity Ltd.
  • Fujitsu Limited
  • Sharp Corporation
  • Sensata Technologies Holdings PLC
  • Littelfuse, Inc.
  • Carlo Gavazzi Automation S.p.A. (Carlo Gavazzi Holding AG)

Methodology

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