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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 Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 400 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949637
The Global Solid State Relay Market size is expected to reach $1.9 billion by 2030, rising at a market growth of 6.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 30,036.4 thousand units, experiencing a growth of 6.9% (2019-2022).

SSRs play a crucial role in smart manufacturing systems by providing reliable and precise control of electrical loads in automated machinery, robotics, conveyor systems, and production lines. Consequently, the Industrial Automation segment would generate approximately 27.86 % share of the market by 2030. Also, France would utilize 839.12 thousand units of PCB mount by 2030. As smart manufacturing adoption grows, the demand for SSRs to support automation and internet of things (IoT) integration increases.



SSRs offer much faster switching speeds compared to electromechanical relays. They can switch on and off in microseconds, making them ideal for applications requiring rapid response times and precise control of electrical loads. This feature is crucial in manufacturing, automation, and telecommunications industries, where high-speed switching is essential for efficiency and performance. Therefore, the above advantages of SSRs over electromechanical relays drive the market’s growth.

Additionally, Consumer electronics devices, such as smartphones, tablets, laptops, and wearable gadgets, require compact and lightweight components to meet the demand for smaller, more portable designs. SSRs, with their solid-state construction and compact form factor, are well-suited for integration into these miniaturized electronic devices. Hence, the growing demand for SSRs in consumer electronics drives the market’s growth.
However, SSRs typically have a higher initial cost compared to electromechanical relays. This higher upfront cost includes the price of the SSR device itself and associated installation and integration expenses. For businesses and industries operating on tight budgets or seeking cost-effective solutions, the higher initial investment required for SSRs may be a barrier to adoption. Thus, the high initial investment cost is hampering the market’s growth.

By Type Analysis

On the basis of type, the market is segmented into AC, DC, and AC/DC. The AC segment recorded the 51.79 % revenue share in the market in 2022. In terms of volume, the AC/DC relays segment sold 2,185.1 thousand units in 2022. AC SSRs are versatile and can be used in various industries. They are commonly employed in heating, ventilation, air conditioning (HVAC) systems, industrial automation, lighting control, motor control, and power distribution applications. They can handle a wide range of AC voltages and frequencies, allowing them to be used in different regions with varying electrical standards.



By End User Analysis

Based on end user, the market is divided into energy & power, industrial automation, automotive, food & beverages, and others. In 2022, the food & beverages segment held a 10.43 % revenue share in the market. SSRs offer a hygienic and safe solution for controlling electrical loads in food and beverage processing equipment. As per the National Investment Promotion & Facilitation Agency, by 2025, the food processing sector in India is estimated to reach $535 Bn and grow at a rate of 15.2%.

By Mounting Type Analysis

By mounting type, the market is divided into panel mount, PCB mount, DIN rail mount, and others. In 2022, the PCB mount segment registered a 42.79 % revenue share in the market. PCB (printed circuit board) mount SSRs are compact and can be directly mounted onto the circuit board, saving space compared to traditional through-hole components. This cost-effectiveness makes them attractive for manufacturers looking to reduce production costs without compromising performance.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a 27.82 % revenue share in market. North America is witnessing significant growth in renewable energy sources such as solar, wind, and hydroelectric power. SSRs are used in smart grid systems to facilitate grid automation, demand response, and energy management, contributing to their rising demand in the region.

Recent Strategies Deployed in the Market

  • May-2023: Omron Corporation launched the G2RV-ST, an industrial 6mm electromechanical relay. The G2RV-ST relay includes a short bar that is easily cut and offers a tangible sense of secure connection. Furthermore, this product presents machine manufacturers and panel builders with the perfect solution for compact panels and equipment, ensuring the durability and reliability essential for industrial applications.
  • Sep-2022: Panasonic Holdings Corporation expanded its PhotoMOS relay series by unveiling the AQV258H5 HE series PhotoMOS relays, MOSFET-enabled Solid State Relays. The series includes 5kV I/O isolation and enhanced clearance and creepage distance on the output side, along with compact 1-Form-A DIP5 packaging. Moreover, AQV258H5 relays are characterized by low control current and leakage current, and they generate no switching noise.
  • Jul-2022: Littelfuse, Inc. completed the acquisition of C&K Components, Inc., a designer and manufacturer of high-performance electromechanical switches and interconnect solutions. Through this acquisition, Littelfuse aims to broaden its technologies and capabilities, enhancing its ability to provide a comprehensive range of solutions to a diverse customer base across various vertical end markets. Furthermore, the synergies between the businesses of C&K and Littelfuse will allow for an expansion of Littelfuse's presence in the market.
  • Apr-2022: Sensata Technologies Holding PLC acquired Dynapower Company LLC, a provider of energy storage and power conversion solutions, from private equity firm Pfingsten Partners, L.L.C. Through this acquisition, Dynapower will introduce energy storage and power conversion solutions into Sensata's portfolio. Moreover, Dynapower will empower Sensata Technologies to provide meticulously engineered, mission-critical power conversion solutions to rapidly expanding markets such as renewable energy storage, electric vehicle charging, industrial sectors, and defense applications.
  • Nov-2021: Littelfuse, Inc. acquired Carling Technologies, Inc., a manufacturer of circuit breakers, switches, power distribution units, digital switching systems, and electronic controls. Through this acquisition, Littelfuse will enhance its technologies and capabilities, achieving critical scale. Furthermore, the inclusion of Carling's business will significantly increase the size of Littelfuse's commercial vehicle segment, and the synergy between customers, distribution channels, and products will expedite Littelfuse's growth in key markets.

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 Geography (Volume, Thousand Units, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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 Global Solid State Relay Market, by Type
1.4.2 Global Solid State Relay Market, by End User
1.4.3 Global Solid State Relay Market, by Mounting Type
1.4.4 Global Solid State Relay Market, by Geography
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. Global Solid State Relay Market by Type
5.1 Global AC Market by Region
5.2 Global DC Market by Region
5.3 Global AC/DC Market by Region
Chapter 6. Global Solid State Relay Market by End User
6.1 Global Energy & Power Market by Region
6.2 Global Industrial Automation Market by Region
6.3 Global Automotive Market by Region
6.4 Global Food & Beverages Market by Region
6.5 Global Others Market by Region
Chapter 7. Global Solid State Relay Market by Mounting Type
7.1 Global PCB Mount Market by Region
7.2 Global Panel Mount Market by Region
7.3 Global DIN Rail Mount Market by Region
7.4 Global Others Market by Region
Chapter 8. Global Solid State Relay Market by Region
8.1 North America Solid State Relay Market
8.1.1 North America Solid State Relay Market by Type
8.1.1.1 North America AC Market by Country
8.1.1.2 North America DC Market by Country
8.1.1.3 North America AC/DC Market by Country
8.1.2 North America Solid State Relay Market by End User
8.1.2.1 North America Energy & Power Market by Country
8.1.2.2 North America Industrial Automation Market by Country
8.1.2.3 North America Automotive Market by Country
8.1.2.4 North America Food & Beverages Market by Country
8.1.2.5 North America Others Market by Country
8.1.3 North America Solid State Relay Market by Mounting Type
8.1.3.1 North America PCB Mount Market by Country
8.1.3.2 North America Panel Mount Market by Country
8.1.3.3 North America DIN Rail Mount Market by Country
8.1.3.4 North America Others Market by Country
8.1.4 North America Solid State Relay Market by Country
8.1.4.1 US Solid State Relay Market
8.1.4.1.1 US Solid State Relay Market by Type
8.1.4.1.2 US Solid State Relay Market by End User
8.1.4.1.3 US Solid State Relay Market by Mounting Type
8.1.4.2 Canada Solid State Relay Market
8.1.4.2.1 Canada Solid State Relay Market by Type
8.1.4.2.2 Canada Solid State Relay Market by End User
8.1.4.2.3 Canada Solid State Relay Market by Mounting Type
8.1.4.3 Mexico Solid State Relay Market
8.1.4.3.1 Mexico Solid State Relay Market by Type
8.1.4.3.2 Mexico Solid State Relay Market by End User
8.1.4.3.3 Mexico Solid State Relay Market by Mounting Type
8.1.4.4 Rest of North America Solid State Relay Market
8.1.4.4.1 Rest of North America Solid State Relay Market by Type
8.1.4.4.2 Rest of North America Solid State Relay Market by End User
8.1.4.4.3 Rest of North America Solid State Relay Market by Mounting Type
8.2 Europe Solid State Relay Market
8.2.1 Europe Solid State Relay Market by Type
8.2.1.1 Europe AC Market by Country
8.2.1.2 Europe DC Market by Country
8.2.1.3 Europe AC/DC Market by Country
8.2.2 Europe Solid State Relay Market by End User
8.2.2.1 Europe Energy & Power Market by Country
8.2.2.2 Europe Industrial Automation Market by Country
8.2.2.3 Europe Automotive Market by Country
8.2.2.4 Europe Food & Beverages Market by Country
8.2.2.5 Europe Others Market by Country
8.2.3 Europe Solid State Relay Market by Mounting Type
8.2.3.1 Europe PCB Mount Market by Country
8.2.3.2 Europe Panel Mount Market by Country
8.2.3.3 Europe DIN Rail Mount Market by Country
8.2.3.4 Europe Others Market by Country
8.2.4 Europe Solid State Relay Market by Country
8.2.4.1 Germany Solid State Relay Market
8.2.4.1.1 Germany Solid State Relay Market by Type
8.2.4.1.2 Germany Solid State Relay Market by End User
8.2.4.1.3 Germany Solid State Relay Market by Mounting Type
8.2.4.2 UK Solid State Relay Market
8.2.4.2.1 UK Solid State Relay Market by Type
8.2.4.2.2 UK Solid State Relay Market by End User
8.2.4.2.3 UK Solid State Relay Market by Mounting Type
8.2.4.3 France Solid State Relay Market
8.2.4.3.1 France Solid State Relay Market by Type
8.2.4.3.2 France Solid State Relay Market by End User
8.2.4.3.3 France Solid State Relay Market by Mounting Type
8.2.4.4 Russia Solid State Relay Market
8.2.4.4.1 Russia Solid State Relay Market by Type
8.2.4.4.2 Russia Solid State Relay Market by End User
8.2.4.4.3 Russia Solid State Relay Market by Mounting Type
8.2.4.5 Spain Solid State Relay Market
8.2.4.5.1 Spain Solid State Relay Market by Type
8.2.4.5.2 Spain Solid State Relay Market by End User
8.2.4.5.3 Spain Solid State Relay Market by Mounting Type
8.2.4.6 Italy Solid State Relay Market
8.2.4.6.1 Italy Solid State Relay Market by Type
8.2.4.6.2 Italy Solid State Relay Market by End User
8.2.4.6.3 Italy Solid State Relay Market by Mounting Type
8.2.4.7 Rest of Europe Solid State Relay Market
8.2.4.7.1 Rest of Europe Solid State Relay Market by Type
8.2.4.7.2 Rest of Europe Solid State Relay Market by End User
8.2.4.7.3 Rest of Europe Solid State Relay Market by Mounting Type
8.3 Asia Pacific Solid State Relay Market
8.3.1 Asia Pacific Solid State Relay Market by Type
8.3.1.1 Asia Pacific AC Market by Country
8.3.1.2 Asia Pacific DC Market by Country
8.3.1.3 Asia Pacific AC/DC Market by Country
8.3.2 Asia Pacific Solid State Relay Market by End User
8.3.2.1 Asia Pacific Energy & Power Market by Country
8.3.2.2 Asia Pacific Industrial Automation Market by Country
8.3.2.3 Asia Pacific Automotive Market by Country
8.3.2.4 Asia Pacific Food & Beverages Market by Country
8.3.2.5 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Solid State Relay Market by Mounting Type
8.3.3.1 Asia Pacific PCB Mount Market by Country
8.3.3.2 Asia Pacific Panel Mount Market by Country
8.3.3.3 Asia Pacific DIN Rail Mount Market by Country
8.3.3.4 Asia Pacific Others Market by Country
8.3.4 Asia Pacific Solid State Relay Market by Country
8.3.4.1 China Solid State Relay Market
8.3.4.1.1 China Solid State Relay Market by Type
8.3.4.1.2 China Solid State Relay Market by End User
8.3.4.1.3 China Solid State Relay Market by Mounting Type
8.3.4.2 Japan Solid State Relay Market
8.3.4.2.1 Japan Solid State Relay Market by Type
8.3.4.2.2 Japan Solid State Relay Market by End User
8.3.4.2.3 Japan Solid State Relay Market by Mounting Type
8.3.4.3 India Solid State Relay Market
8.3.4.3.1 India Solid State Relay Market by Type
8.3.4.3.2 India Solid State Relay Market by End User
8.3.4.3.3 India Solid State Relay Market by Mounting Type
8.3.4.4 South Korea Solid State Relay Market
8.3.4.4.1 South Korea Solid State Relay Market by Type
8.3.4.4.2 South Korea Solid State Relay Market by End User
8.3.4.4.3 South Korea Solid State Relay Market by Mounting Type
8.3.4.5 Australia Solid State Relay Market
8.3.4.5.1 Australia Solid State Relay Market by Type
8.3.4.5.2 Australia Solid State Relay Market by End User
8.3.4.5.3 Australia Solid State Relay Market by Mounting Type
8.3.4.6 Malaysia Solid State Relay Market
8.3.4.6.1 Malaysia Solid State Relay Market by Type
8.3.4.6.2 Malaysia Solid State Relay Market by End User
8.3.4.6.3 Malaysia Solid State Relay Market by Mounting Type
8.3.4.7 Rest of Asia Pacific Solid State Relay Market
8.3.4.7.1 Rest of Asia Pacific Solid State Relay Market by Type
8.3.4.7.2 Rest of Asia Pacific Solid State Relay Market by End User
8.3.4.7.3 Rest of Asia Pacific Solid State Relay Market by Mounting Type
8.4 LAMEA Solid State Relay Market
8.4.1 LAMEA Solid State Relay Market by Type
8.4.1.1 LAMEA AC Market by Country
8.4.1.2 LAMEA DC Market by Country
8.4.1.3 LAMEA AC/DC Market by Country
8.4.2 LAMEA Solid State Relay Market by End User
8.4.2.1 LAMEA Energy & Power Market by Country
8.4.2.2 LAMEA Industrial Automation Market by Country
8.4.2.3 LAMEA Automotive Market by Country
8.4.2.4 LAMEA Food & Beverages Market by Country
8.4.2.5 LAMEA Others Market by Country
8.4.3 LAMEA Solid State Relay Market by Mounting Type
8.4.3.1 LAMEA PCB Mount Market by Country
8.4.3.2 LAMEA Panel Mount Market by Country
8.4.3.3 LAMEA DIN Rail Mount Market by Country
8.4.3.4 LAMEA Others Market by Country
8.4.4 LAMEA Solid State Relay Market by Country
8.4.4.1 Brazil Solid State Relay Market
8.4.4.1.1 Brazil Solid State Relay Market by Type
8.4.4.1.2 Brazil Solid State Relay Market by End User
8.4.4.1.3 Brazil Solid State Relay Market by Mounting Type
8.4.4.2 Argentina Solid State Relay Market
8.4.4.2.1 Argentina Solid State Relay Market by Type
8.4.4.2.2 Argentina Solid State Relay Market by End User
8.4.4.2.3 Argentina Solid State Relay Market by Mounting Type
8.4.4.3 UAE Solid State Relay Market
8.4.4.3.1 UAE Solid State Relay Market by Type
8.4.4.3.2 UAE Solid State Relay Market by End User
8.4.4.3.3 UAE Solid State Relay Market by Mounting Type
8.4.4.4 Saudi Arabia Solid State Relay Market
8.4.4.4.1 Saudi Arabia Solid State Relay Market by Type
8.4.4.4.2 Saudi Arabia Solid State Relay Market by End User
8.4.4.4.3 Saudi Arabia Solid State Relay Market by Mounting Type
8.4.4.5 South Africa Solid State Relay Market
8.4.4.5.1 South Africa Solid State Relay Market by Type
8.4.4.5.2 South Africa Solid State Relay Market by End User
8.4.4.5.3 South Africa Solid State Relay Market by Mounting Type
8.4.4.6 Nigeria Solid State Relay Market
8.4.4.6.1 Nigeria Solid State Relay Market by Type
8.4.4.6.2 Nigeria Solid State Relay Market by End User
8.4.4.6.3 Nigeria Solid State Relay Market by Mounting Type
8.4.4.7 Rest of LAMEA Solid State Relay Market
8.4.4.7.1 Rest of LAMEA Solid State Relay Market by Type
8.4.4.7.2 Rest of LAMEA Solid State Relay Market by End User
8.4.4.7.3 Rest of LAMEA 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
Chapter 10. Winning Imperatives of Solid State Relay Market

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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