Market Overview:
The global din rail mount solid state relays (SSR) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for SSRs in industrial equipment, home appliance, building automation, power & energy and other applications. North America is expected to dominate the global SSR market during the forecast period owing to the presence of key players and technological advancements in this region. Asia Pacific is projected to be the fastest-growing region during the forecast period owing to rising demand from end-use industries such as automotive and electronics.
 Industry Outlook.svg)
Product Definition:
Din Rail Mount Solid State Relays (SSR) are relays that use a semiconductor device, called a silicon-controlled rectifier (SCR), to switch the current. The purpose of using Din Rail Mount Solid State Relays (SSR) is to provide an alternative to electromechanical relays, which can be bulky and prone to failure.
AC Solid State Relays:
The AC solid state relay is a switching device that utilizes solid-state electronics to perform the function of an electromechanical relay. It has no mechanical moving parts, making it more reliable and immune to damage from electrical interference. The technology was developed at the Massachusetts Institute of Technology's (MIT) Lincoln Laboratory in the 1980s and 1990s, with commercialization occurring in 2000.
DC Solid State Relays:
DC solid state relays are used in din rail mount solid state relay (SSR) market. They are also known as miniature circuit breakers. These devices have a small footprint and can be easily mounted on a din rail to avoid interference with other components when needed.
These devices offer several advantages such as low power consumption, high switching speed,.
Application Insights:
Building automation was the largest application segment in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. The growing demand for smart buildings, rising need for energy conservation, and rapid growth in building construction are some of the key factors driving the demand.
The industrial equipment segment accounted for a significant market share in 2017 owing to high product adoption across various industries including oil & gas, manufacturing, power generation and transportation. Rapidly expanding manufacturing base coupled with stringent regulations regarding energy consumption is projected to drive industry growth over the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing industrialization and rising demand for automation in various industries. Moreover, growing investments in smart grid and electric vehicles are also expected to drive the product demand over the forecast period.
The European market accounted for more than 25% of total revenue share in 2017 owing to high adoption rate of solid state relays across several industries including manufacturing, oil & gas, healthcare & life sciences, transportation & logistics among others. In addition, presence of key manufacturers including Infineon Technologies along with major players such as ABB Ltd., Siemens AG will further boost industry growth over next eight years.
North America region is projecteded second largest regional market after Asia Pacific due its large end-user concentration especially in U S A.
Growth Factors:
- Increasing demand for energy-efficient solutions: The global market for Din Rail Mount Solid State Relays is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing demand for energy-efficient solutions across different industries.
- Growing popularity of smart grids: The growing popularity of smart grids is another key factor driving the growth of the global Din Rail Mount Solid State Relays market. Smart grids are electric power networks that use digital technology to manage and optimize the flow of electricity from suppliers to consumers, thereby improving efficiency and reducing costs.
- Rising investment in renewable energy sources: Another major driver for the global Din Rail Mount Solid State Relays market is rising investment in renewable energy sources such as solar and wind power, which are becoming increasingly popular due to their environmental benefits over traditional fossil fuels like coal and oil.
- Proliferation of automation across industries: Automation is becoming increasingly prevalent across different industries, with many companies investing in automated systems in order to improve efficiency and reduce costs. This is likely to drive demand for Din Rail Mount SSRs in the coming years as well4.. Growing concerns over grid security: With cyber attacks on critical infrastructure becoming more common, there is growing concern over grid security among policy makers around the world . This is likely leadto increased spending on security measures by utilities , which will create opportunitiesfor SSR vendors .
Scope Of The Report
Report Attributes
Report Details
Report Title
Din Rail Mount Solid State Relays (SSR) Market Research Report
By Type
AC Solid State Relays, DC Solid State Relays
By Application
Industrial Equipment, Home Appliance, Building Automation, Power & Energy, Others
By Companies
Crydom, OMRON, Carlo gavazzi, groupe celduc, Fujitsu Limited, Schneider, Siemens, Rockwell Automation, Xiamen Jinxinrong Electronics, JiangSu GlOD Electrical Control Technology, Crydom, Suzhou No.1 Radio Component, Shaanxi Qunli, Wuxi Solid, FOTEK
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Din Rail Mount Solid State Relays (SSR) Market Report Segments:
The global Din Rail Mount Solid State Relays (SSR) market is segmented on the basis of:
Types
AC Solid State Relays, DC Solid State Relays
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Equipment, Home Appliance, Building Automation, Power & Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Crydom
- OMRON
- Carlo gavazzi
- groupe celduc
- Fujitsu Limited
- Schneider
- Siemens
- Rockwell Automation
- Xiamen Jinxinrong Electronics
- JiangSu GlOD Electrical Control Technology
- Crydom
- Suzhou No.1 Radio Component
- Shaanxi Qunli
- Wuxi Solid
- FOTEK
 Market Overview.svg)
Highlights of The Din Rail Mount Solid State Relays (SSR) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Solid State Relays
- DC Solid State Relays
- By Application:
- Industrial Equipment
- Home Appliance
- Building Automation
- Power & Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Din Rail Mount Solid State Relays (SSR) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Din Rail Mount Solid State Relays are a type of electronic relay that is mounted on a rail. They are used to control the flow of electricity in industrial applications.
Some of the key players operating in the din rail mount solid state relays (ssr) market are Crydom, OMRON, Carlo gavazzi, groupe celduc, Fujitsu Limited, Schneider, Siemens, Rockwell Automation, Xiamen Jinxinrong Electronics, JiangSu GlOD Electrical Control Technology, Crydom, Suzhou No.1 Radio Component, Shaanxi Qunli, Wuxi Solid, FOTEK.
The din rail mount solid state relays (ssr) market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Din Rail Mount Solid State Relays (SSR) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Din Rail Mount Solid State Relays (SSR) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Din Rail Mount Solid State Relays (SSR) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Din Rail Mount Solid State Relays (SSR) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Din Rail Mount Solid State Relays (SSR) Market Size & Forecast, 2018-2028
4.5.1 Din Rail Mount Solid State Relays (SSR) Market Size and Y-o-Y Growth
4.5.2 Din Rail Mount Solid State Relays (SSR) Market Absolute $ Opportunity
Chapter 5 Global Din Rail Mount Solid State Relays (SSR) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Type
5.2.1 AC Solid State Relays
5.2.2 DC Solid State Relays
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Din Rail Mount Solid State Relays (SSR) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Applications
6.2.1 Industrial Equipment
6.2.2 Home Appliance
6.2.3 Building Automation
6.2.4 Power & Energy
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Din Rail Mount Solid State Relays (SSR) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Din Rail Mount Solid State Relays (SSR) Analysis and Forecast
9.1 Introduction
9.2 North America Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Type
9.6.1 AC Solid State Relays
9.6.2 DC Solid State Relays
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Applications
9.10.1 Industrial Equipment
9.10.2 Home Appliance
9.10.3 Building Automation
9.10.4 Power & Energy
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Din Rail Mount Solid State Relays (SSR) Analysis and Forecast
10.1 Introduction
10.2 Europe Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Type
10.6.1 AC Solid State Relays
10.6.2 DC Solid State Relays
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Applications
10.10.1 Industrial Equipment
10.10.2 Home Appliance
10.10.3 Building Automation
10.10.4 Power & Energy
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Din Rail Mount Solid State Relays (SSR) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Type
11.6.1 AC Solid State Relays
11.6.2 DC Solid State Relays
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Applications
11.10.1 Industrial Equipment
11.10.2 Home Appliance
11.10.3 Building Automation
11.10.4 Power & Energy
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Din Rail Mount Solid State Relays (SSR) Analysis and Forecast
12.1 Introduction
12.2 Latin America Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Type
12.6.1 AC Solid State Relays
12.6.2 DC Solid State Relays
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Applications
12.10.1 Industrial Equipment
12.10.2 Home Appliance
12.10.3 Building Automation
12.10.4 Power & Energy
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Din Rail Mount Solid State Relays (SSR) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Type
13.6.1 AC Solid State Relays
13.6.2 DC Solid State Relays
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Din Rail Mount Solid State Relays (SSR) Market Size Forecast by Applications
13.10.1 Industrial Equipment
13.10.2 Home Appliance
13.10.3 Building Automation
13.10.4 Power & Energy
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Din Rail Mount Solid State Relays (SSR) Market: Competitive Dashboard
14.2 Global Din Rail Mount Solid State Relays (SSR) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crydom
14.3.2 OMRON
14.3.3 Carlo gavazzi
14.3.4 groupe celduc
14.3.5 Fujitsu Limited
14.3.6 Schneider
14.3.7 Siemens
14.3.8 Rockwell Automation
14.3.9 Xiamen Jinxinrong Electronics
14.3.10 JiangSu GlOD Electrical Control Technology
14.3.11 Crydom
14.3.12 Suzhou No.1 Radio Component
14.3.13 Shaanxi Qunli
14.3.14 Wuxi Solid
14.3.15 FOTEK
