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)
Global Solid State Relay Market Report Segmentation
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
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
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Solid State Relay Market, by Type
- 1.4.2Global Solid State Relay Market, by End User
- 1.4.3Global Solid State Relay Market, by Mounting Type
- 1.4.4Global Solid State Relay Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Recent Strategies Deployed in Solid State Relay Market
Chapter 5.Global Solid State Relay Market by Type
- 5.1Global AC Market by Region
- 5.2Global DC Market by Region
- 5.3Global AC/DC Market by Region
Chapter 6.Global Solid State Relay Market by End User
- 6.1Global Energy & Power Market by Region
- 6.2Global Industrial Automation Market by Region
- 6.3Global Automotive Market by Region
- 6.4Global Food & Beverages Market by Region
- 6.5Global Others Market by Region
Chapter 7.Global Solid State Relay Market by Mounting Type
- 7.1Global PCB Mount Market by Region
- 7.2Global Panel Mount Market by Region
- 7.3Global DIN Rail Mount Market by Region
- 7.4Global Others Market by Region
Chapter 8.Global Solid State Relay Market by Region
- 8.1North America Solid State Relay Market
- 8.1.1North America Solid State Relay Market by Type
- 8.1.1.1North America AC Market by Country
- 8.1.1.2North America DC Market by Country
- 8.1.1.3North America AC/DC Market by Country
- 8.1.2North America Solid State Relay Market by End User
- 8.1.2.1North America Energy & Power Market by Country
- 8.1.2.2North America Industrial Automation Market by Country
- 8.1.2.3North America Automotive Market by Country
- 8.1.2.4North America Food & Beverages Market by Country
- 8.1.2.5North America Others Market by Country
- 8.1.3North America Solid State Relay Market by Mounting Type
- 8.1.3.1North America PCB Mount Market by Country
- 8.1.3.2North America Panel Mount Market by Country
- 8.1.3.3North America DIN Rail Mount Market by Country
- 8.1.3.4North America Others Market by Country
- 8.1.4North America Solid State Relay Market by Country
- 8.1.4.1US Solid State Relay Market
- 8.1.4.1.1US Solid State Relay Market by Type
- 8.1.4.1.2US Solid State Relay Market by End User
- 8.1.4.1.3US Solid State Relay Market by Mounting Type
- 8.1.4.2Canada Solid State Relay Market
- 8.1.4.2.1Canada Solid State Relay Market by Type
- 8.1.4.2.2Canada Solid State Relay Market by End User
- 8.1.4.2.3Canada Solid State Relay Market by Mounting Type
- 8.1.4.3Mexico Solid State Relay Market
- 8.1.4.3.1Mexico Solid State Relay Market by Type
- 8.1.4.3.2Mexico Solid State Relay Market by End User
- 8.1.4.3.3Mexico Solid State Relay Market by Mounting Type
- 8.1.4.4Rest of North America Solid State Relay Market
- 8.1.4.4.1Rest of North America Solid State Relay Market by Type
- 8.1.4.4.2Rest of North America Solid State Relay Market by End User
- 8.1.4.4.3Rest of North America Solid State Relay Market by Mounting Type
- 8.2Europe Solid State Relay Market
- 8.2.1Europe Solid State Relay Market by Type
- 8.2.1.1Europe AC Market by Country
- 8.2.1.2Europe DC Market by Country
- 8.2.1.3Europe AC/DC Market by Country
- 8.2.2Europe Solid State Relay Market by End User
- 8.2.2.1Europe Energy & Power Market by Country
- 8.2.2.2Europe Industrial Automation Market by Country
- 8.2.2.3Europe Automotive Market by Country
- 8.2.2.4Europe Food & Beverages Market by Country
- 8.2.2.5Europe Others Market by Country
- 8.2.3Europe Solid State Relay Market by Mounting Type
- 8.2.3.1Europe PCB Mount Market by Country
- 8.2.3.2Europe Panel Mount Market by Country
- 8.2.3.3Europe DIN Rail Mount Market by Country
- 8.2.3.4Europe Others Market by Country
- 8.2.4Europe Solid State Relay Market by Country
- 8.2.4.1Germany Solid State Relay Market
- 8.2.4.1.1Germany Solid State Relay Market by Type
- 8.2.4.1.2Germany Solid State Relay Market by End User
- 8.2.4.1.3Germany Solid State Relay Market by Mounting Type
- 8.2.4.2UK Solid State Relay Market
- 8.2.4.2.1UK Solid State Relay Market by Type
- 8.2.4.2.2UK Solid State Relay Market by End User
- 8.2.4.2.3UK Solid State Relay Market by Mounting Type
- 8.2.4.3France Solid State Relay Market
- 8.2.4.3.1France Solid State Relay Market by Type
- 8.2.4.3.2France Solid State Relay Market by End User
- 8.2.4.3.3France Solid State Relay Market by Mounting Type
- 8.2.4.4Russia Solid State Relay Market
- 8.2.4.4.1Russia Solid State Relay Market by Type
- 8.2.4.4.2Russia Solid State Relay Market by End User
- 8.2.4.4.3Russia Solid State Relay Market by Mounting Type
- 8.2.4.5Spain Solid State Relay Market
- 8.2.4.5.1Spain Solid State Relay Market by Type
- 8.2.4.5.2Spain Solid State Relay Market by End User
- 8.2.4.5.3Spain Solid State Relay Market by Mounting Type
- 8.2.4.6Italy Solid State Relay Market
- 8.2.4.6.1Italy Solid State Relay Market by Type
- 8.2.4.6.2Italy Solid State Relay Market by End User
- 8.2.4.6.3Italy Solid State Relay Market by Mounting Type
- 8.2.4.7Rest of Europe Solid State Relay Market
- 8.2.4.7.1Rest of Europe Solid State Relay Market by Type
- 8.2.4.7.2Rest of Europe Solid State Relay Market by End User
- 8.2.4.7.3Rest of Europe Solid State Relay Market by Mounting Type
- 8.3Asia Pacific Solid State Relay Market
- 8.3.1Asia Pacific Solid State Relay Market by Type
- 8.3.1.1Asia Pacific AC Market by Country
- 8.3.1.2Asia Pacific DC Market by Country
- 8.3.1.3Asia Pacific AC/DC Market by Country
- 8.3.2Asia Pacific Solid State Relay Market by End User
- 8.3.2.1Asia Pacific Energy & Power Market by Country
- 8.3.2.2Asia Pacific Industrial Automation Market by Country
- 8.3.2.3Asia Pacific Automotive Market by Country
- 8.3.2.4Asia Pacific Food & Beverages Market by Country
- 8.3.2.5Asia Pacific Others Market by Country
- 8.3.3Asia Pacific Solid State Relay Market by Mounting Type
- 8.3.3.1Asia Pacific PCB Mount Market by Country
- 8.3.3.2Asia Pacific Panel Mount Market by Country
- 8.3.3.3Asia Pacific DIN Rail Mount Market by Country
- 8.3.3.4Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Solid State Relay Market by Country
- 8.3.4.1China Solid State Relay Market
- 8.3.4.1.1China Solid State Relay Market by Type
- 8.3.4.1.2China Solid State Relay Market by End User
- 8.3.4.1.3China Solid State Relay Market by Mounting Type
- 8.3.4.2Japan Solid State Relay Market
- 8.3.4.2.1Japan Solid State Relay Market by Type
- 8.3.4.2.2Japan Solid State Relay Market by End User
- 8.3.4.2.3Japan Solid State Relay Market by Mounting Type
- 8.3.4.3India Solid State Relay Market
- 8.3.4.3.1India Solid State Relay Market by Type
- 8.3.4.3.2India Solid State Relay Market by End User
- 8.3.4.3.3India Solid State Relay Market by Mounting Type
- 8.3.4.4South Korea Solid State Relay Market
- 8.3.4.4.1South Korea Solid State Relay Market by Type
- 8.3.4.4.2South Korea Solid State Relay Market by End User
- 8.3.4.4.3South Korea Solid State Relay Market by Mounting Type
- 8.3.4.5Australia Solid State Relay Market
- 8.3.4.5.1Australia Solid State Relay Market by Type
- 8.3.4.5.2Australia Solid State Relay Market by End User
- 8.3.4.5.3Australia Solid State Relay Market by Mounting Type
- 8.3.4.6Malaysia Solid State Relay Market
- 8.3.4.6.1Malaysia Solid State Relay Market by Type
- 8.3.4.6.2Malaysia Solid State Relay Market by End User
- 8.3.4.6.3Malaysia Solid State Relay Market by Mounting Type
- 8.3.4.7Rest of Asia Pacific Solid State Relay Market
- 8.3.4.7.1Rest of Asia Pacific Solid State Relay Market by Type
- 8.3.4.7.2Rest of Asia Pacific Solid State Relay Market by End User
- 8.3.4.7.3Rest of Asia Pacific Solid State Relay Market by Mounting Type
- 8.4LAMEA Solid State Relay Market
- 8.4.1LAMEA Solid State Relay Market by Type
- 8.4.1.1LAMEA AC Market by Country
- 8.4.1.2LAMEA DC Market by Country
- 8.4.1.3LAMEA AC/DC Market by Country
- 8.4.2LAMEA Solid State Relay Market by End User
- 8.4.2.1LAMEA Energy & Power Market by Country
- 8.4.2.2LAMEA Industrial Automation Market by Country
- 8.4.2.3LAMEA Automotive Market by Country
- 8.4.2.4LAMEA Food & Beverages Market by Country
- 8.4.2.5LAMEA Others Market by Country
- 8.4.3LAMEA Solid State Relay Market by Mounting Type
- 8.4.3.1LAMEA PCB Mount Market by Country
- 8.4.3.2LAMEA Panel Mount Market by Country
- 8.4.3.3LAMEA DIN Rail Mount Market by Country
- 8.4.3.4LAMEA Others Market by Country
- 8.4.4LAMEA Solid State Relay Market by Country
- 8.4.4.1Brazil Solid State Relay Market
- 8.4.4.1.1Brazil Solid State Relay Market by Type
- 8.4.4.1.2Brazil Solid State Relay Market by End User
- 8.4.4.1.3Brazil Solid State Relay Market by Mounting Type
- 8.4.4.2Argentina Solid State Relay Market
- 8.4.4.2.1Argentina Solid State Relay Market by Type
- 8.4.4.2.2Argentina Solid State Relay Market by End User
- 8.4.4.2.3Argentina Solid State Relay Market by Mounting Type
- 8.4.4.3UAE Solid State Relay Market
- 8.4.4.3.1UAE Solid State Relay Market by Type
- 8.4.4.3.2UAE Solid State Relay Market by End User
- 8.4.4.3.3UAE Solid State Relay Market by Mounting Type
- 8.4.4.4Saudi Arabia Solid State Relay Market
- 8.4.4.4.1Saudi Arabia Solid State Relay Market by Type
- 8.4.4.4.2Saudi Arabia Solid State Relay Market by End User
- 8.4.4.4.3Saudi Arabia Solid State Relay Market by Mounting Type
- 8.4.4.5South Africa Solid State Relay Market
- 8.4.4.5.1South Africa Solid State Relay Market by Type
- 8.4.4.5.2South Africa Solid State Relay Market by End User
- 8.4.4.5.3South Africa Solid State Relay Market by Mounting Type
- 8.4.4.6Nigeria Solid State Relay Market
- 8.4.4.6.1Nigeria Solid State Relay Market by Type
- 8.4.4.6.2Nigeria Solid State Relay Market by End User
- 8.4.4.6.3Nigeria Solid State Relay Market by Mounting Type
- 8.4.4.7Rest of LAMEA Solid State Relay Market
- 8.4.4.7.1Rest of LAMEA Solid State Relay Market by Type
- 8.4.4.7.2Rest of LAMEA Solid State Relay Market by End User
- 8.4.4.7.3Rest of LAMEA Solid State Relay Market by Mounting Type
Chapter 9.Company Profiles
- 9.1Vishay Intertechnology, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research and Development Expense
- 9.1.5SWOT Analysis
- 9.2Panasonic Holdings Corporation
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Segmental and Regional Analysis
- 9.2.4Research & Development Expenses
- 9.2.5Recent strategies and developments:
- 9.2.5.1Product Launches and Product Expansions:
- 9.2.6SWOT Analysis
- 9.3Omron Corporation
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Product Launches and Product Expansions:
- 9.3.6SWOT Analysis
- 9.4Infineon Technologies AG
- 9.4.1Company Overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Research & Development Expense
- 9.4.5Recent strategies and developments:
- 9.4.5.1Product Launches and Product Expansions:
- 9.4.5.2Acquisition and Mergers:
- 9.4.6SWOT Analysis
- 9.5TE Connectivity Ltd.
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Segmental and Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Acquisition and Mergers:
- 9.5.6SWOT Analysis
- 9.6Fujitsu Limited
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5SWOT Analysis
- 9.7Sharp Corporation
- 9.7.1Company Overview
- 9.7.2Financial Analysis
- 9.7.3Segmental & Regional Analysis
- 9.7.4Research & Development Expense
- 9.7.5SWOT Analysis
- 9.8Sensata Technologies Holdings PLC
- 9.8.1Company Overview
- 9.8.2Financial Analysis
- 9.8.3Segmental and Regional Analysis
- 9.8.4Research & Development Expense
- 9.8.5Recent strategies and developments:
- 9.8.5.1Product Launches and Product Expansions:
- 9.8.5.2Acquisition and Mergers:
- 9.8.6SWOT Analysis
- 9.9Littelfuse, Inc.
- 9.9.1Company Overview
- 9.9.2Financial Analysis
- 9.9.3Segmental and Regional Analysis
- 9.9.4Research & Development Expenses
- 9.9.5Recent strategies and developments:
- 9.9.5.1Product Launches and Product Expansions:
- 9.9.5.2Acquisition and Mergers:
- 9.9.6SWOT Analysis
- 9.10.Carlo Gavazzi Automation S.p.A. (Carlo Gavazzi Holding AG)
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Regional Analysis
- 9.10.4Research & Development Expenses
- 9.10.5SWOT Analysis
Chapter 10. Winning Imperatives of Solid State Relay Market