Market Overview:
The global solid state relays (SSR) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the SSR market can be attributed to the increasing demand for energy-efficient and reliable switching devices across various industries. Additionally, the growing demand for SSRs from end-use applications such as automotive, transportation, and medical is also propelling the growth of this market. Based on type, panel mount SSRs held a major share of the global SSR market in 2017. This segment is projected to grow at a CAGR of 7% during the forecast period owing to its high efficiency and reliability. PCB mount SSRs are expected to witness highest growth during the forecast period due their small size and low cost as compared with other types of SSRs.
 Industry Outlook.svg)
Product Definition:
A solid-state relay (SSR) is an electronic switching device that uses a semiconductor to control a high-power electrical load. SSRs are used where it is necessary to switch large currents, such as in power distribution and welding.
Panel Mount:
The panel mount is a device that is mounted on the printed circuit board (PCB) and has no separate housing. It consists of components such as electronic switches, relays, or other electrical components. The major advantage of using panel mount devices over conventional devices is their compact size which occupies less space on the PCB thus reducing the overall weight of the solid state relay (SSR).
PCB Mount:
PCB mount is a type of electronic component mounting that involves placing the components on a printed circuit board. The components are mounted in an array and then soldered or welded to the PCB. It offers several benefits such as high thermal conductivity, low noise, small size, and high reliability among others.
Application Insights:
Building equipment was the largest application segment in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2030. The growth can be attributed to the increasing use of solid-state relays for power distribution and switching applications in buildings. Building equipment includes all electrical & electronics products that are used within a building, such as HVAC, lighting, security systems, fire detection/extinguishment systems among others.
The automotive & transportation sector accounted for over 11% market share in 2016 owing to growing adoption of solid-state relays by major automotive manufacturers for infotainment purposes and electric vehicle charging stations. Increasing government funding towards research & development on hybrid vehicles is also anticipated to boost product demand during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for energy and infrastructure, which has led to a rise in government spending on these sectors. This has resulted in increased production of transformers and other electric equipment, thereby driving product sales across the globe.
Europe accounted for more than 25% of global revenue share in 2017 owing to high penetration rate of solid state relays across various applications such as industrial, building & construction, automotive & transportation among others. Moreover, growing adoption by key manufacturers operating within this industry will drive growth further over the next eight years. For instance; ABB Ltd.
Growth Factors:
- Increasing demand for energy-efficient electrical equipment
- Rising popularity of smart homes and buildings
- Proliferation of Internet of Things (IoT) devices
- Growing demand for industrial automation and control systems
- Increasing investments in renewable energy sources
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid State Relays (SSR) Market Research Report
By Type
Panel Mount, PCB Mount, DIN Rail Mount
By Application
Building Equipment, Energy & Infrastructure, Industrial, Automotive & Transportation, Medical, Others
By Companies
Omron, Carlo Gavazzi, Omega Engineering, Rockwell Automation, Vishay, Celduc Relais, IXYS, Fujitsu, Avago Technologies, Crydom, Broadcom, Phoenix Contact, Schneider Electric, TE Connectivity, Littelfuse, Panasonic, STMicroelectronics, Teledyne Relays, Toshiba
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Solid State Relays (SSR) Market Report Segments:
The global Solid State Relays (SSR) market is segmented on the basis of:
Types
Panel Mount, PCB Mount, DIN Rail Mount
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
Building Equipment, Energy & Infrastructure, Industrial, Automotive & Transportation, Medical, 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:
- Omron
- Carlo Gavazzi
- Omega Engineering
- Rockwell Automation
- Vishay
- Celduc Relais
- IXYS
- Fujitsu
- Avago Technologies
- Crydom
- Broadcom
- Phoenix Contact
- Schneider Electric
- TE Connectivity
- Littelfuse
- Panasonic
- STMicroelectronics
- Teledyne Relays
- Toshiba
 Market Overview.svg)
Highlights of The 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:
- Panel Mount
- PCB Mount
- DIN Rail Mount
- By Application:
- Building Equipment
- Energy & Infrastructure
- Industrial
- Automotive & Transportation
- Medical
- 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 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?
Solid State Relays (SSRs) are a type of electronic switch that can be used to control the flow of electricity in electrical systems. SSRs use solid state technology, which means they have no moving parts and are therefore more reliable than traditional switches. They can also be smaller and more energy-efficient than traditional switches, making them ideal for applications where space is limited or where reliability is a priority.
Some of the key players operating in the solid state relays (ssr) market are Omron, Carlo Gavazzi, Omega Engineering, Rockwell Automation, Vishay, Celduc Relais, IXYS, Fujitsu, Avago Technologies, Crydom, Broadcom, Phoenix Contact, Schneider Electric, TE Connectivity, Littelfuse, Panasonic, STMicroelectronics, Teledyne Relays, Toshiba.
The solid state relays (ssr) market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solid State Relays (SSR) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solid State Relays (SSR) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solid State Relays (SSR) Market - Supply Chain
4.5. Global Solid State Relays (SSR) Market Forecast
4.5.1. Solid State Relays (SSR) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solid State Relays (SSR) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solid State Relays (SSR) Market Absolute $ Opportunity
5. Global Solid State Relays (SSR) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solid State Relays (SSR) Market Size and Volume Forecast by Type
5.3.1. Panel Mount
5.3.2. PCB Mount
5.3.3. DIN Rail Mount
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solid State Relays (SSR) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solid State Relays (SSR) Market Size and Volume Forecast by Application
6.3.1. Building Equipment
6.3.2. Energy & Infrastructure
6.3.3. Industrial
6.3.4. Automotive & Transportation
6.3.5. Medical
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solid State Relays (SSR) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solid State Relays (SSR) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solid State Relays (SSR) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solid State Relays (SSR) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solid State Relays (SSR) Demand Share Forecast, 2019-2029
9. North America Solid State Relays (SSR) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solid State Relays (SSR) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solid State Relays (SSR) Market Size and Volume Forecast by Application
9.4.1. Building Equipment
9.4.2. Energy & Infrastructure
9.4.3. Industrial
9.4.4. Automotive & Transportation
9.4.5. Medical
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solid State Relays (SSR) Market Size and Volume Forecast by Type
9.7.1. Panel Mount
9.7.2. PCB Mount
9.7.3. DIN Rail Mount
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solid State Relays (SSR) Demand Share Forecast, 2019-2029
10. Latin America Solid State Relays (SSR) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solid State Relays (SSR) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solid State Relays (SSR) Market Size and Volume Forecast by Application
10.4.1. Building Equipment
10.4.2. Energy & Infrastructure
10.4.3. Industrial
10.4.4. Automotive & Transportation
10.4.5. Medical
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solid State Relays (SSR) Market Size and Volume Forecast by Type
10.7.1. Panel Mount
10.7.2. PCB Mount
10.7.3. DIN Rail Mount
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solid State Relays (SSR) Demand Share Forecast, 2019-2029
11. Europe Solid State Relays (SSR) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solid State Relays (SSR) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solid State Relays (SSR) Market Size and Volume Forecast by Application
11.4.1. Building Equipment
11.4.2. Energy & Infrastructure
11.4.3. Industrial
11.4.4. Automotive & Transportation
11.4.5. Medical
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solid State Relays (SSR) Market Size and Volume Forecast by Type
11.7.1. Panel Mount
11.7.2 PCB Mount
11.7.3. DIN Rail Mount
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solid State Relays (SSR) Demand Share, 2019-2029
12. Asia Pacific Solid State Relays (SSR) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solid State Relays (SSR) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solid State Relays (SSR) Market Size and Volume Forecast by Application
12.4.1. Building Equipment
12.4.2. Energy & Infrastructure
12.4.3. Industrial
12.4.4. Automotive & Transportation
12.4.5. Medical
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solid State Relays (SSR) Market Size and Volume Forecast by Type
12.7.1. Panel Mount
12.7.2. PCB Mount
12.7.3. DIN Rail Mount
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solid State Relays (SSR) Demand Share, 2019-2029
13. Middle East & Africa Solid State Relays (SSR) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solid State Relays (SSR) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solid State Relays (SSR) Market Size and Volume Forecast by Application
13.4.1. Building Equipment
13.4.2. Energy & Infrastructure
13.4.3. Industrial
13.4.4. Automotive & Transportation
13.4.5. Medical
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solid State Relays (SSR) Market Size and Volume Forecast by Type
13.7.1. Panel Mount
13.7.2. PCB Mount
13.7.3. DIN Rail Mount
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solid State Relays (SSR) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Solid State Relays (SSR) Market: Market Share Analysis
14.2. Solid State Relays (SSR) Distributors and Customers
14.3. Solid State Relays (SSR) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Omron
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Carlo Gavazzi
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Omega Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rockwell Automation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Vishay
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Celduc Relais
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. IXYS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fujitsu
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Avago Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Crydom
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Broadcom
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Phoenix Contact
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Schneider Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TE Connectivity
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Littelfuse
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Panasonic
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. STMicroelectronics
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Teledyne Relays
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Toshiba
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
