SSRs (Solid State Relays) have no movable contacts. SSRs are not very different in operation from mechanical relays that have movable contacts. SSRs, however, employ semiconductor switching elements, such as thyristors, triacs, diodes, and transistors.
SSRs consist of electronic parts with no mechanical contacts. Therefore, SSRs have a variety of features that mechanical relays do not incorporate. The greatest feature of SSRs is that SSRs do not use switching contacts that will physically wear out.
SSRs are ideal for a wide range of applications due to the following performance characteristics.
In the coming years there is an increasing demand for Solid State Relay in the regions of China, North America and Europe that is expected to drive the market for more advanced Solid State Relay. Increasing of Industrial Automation Equipment, Building Automation fields expenditures, More-intense competition, Launches in introducing new products, Retrofitting and renovation of old technology, Increasing adoption of Solid State Relay will drive growth in China, United States and Europe markets.
There are many manufacturers including OMRON, Panasonic, Crydom, Fujitsu Limited, Jinxinrong, IXYS, AVAGO, TE, CELDUC, Sharp, Siemens, Rockwell Automation, OPTO22, Schneider, Carlo gavazzi, JiangSu GlOD Electrical Control Technology, Vishay, Bright Toward and CLION, The largest manufacturer is OMRON, whose market share is 13.53% in 2017.
The consumption volume of Solid State Relay is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of Solid State Relay industry may not keep that fast. But it is surely forecasted that the market of Solid State Relay is still promising.
The SSRs (Solid State Relays) market was valued at 840 Million US$ in 2018 and is projected to reach 1260 Million US$ by 2025, at a CAGR of 5.3% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for SSRs (Solid State Relays).
This report presents the worldwide SSRs (Solid State Relays) market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The following manufacturers are covered in this report:
JiangSu GlOD Electrical Control Technology
SSRs (Solid State Relays) Breakdown Data by Type
DIN Rail Mount
SSRs (Solid State Relays) Breakdown Data by Application
Industrial Automation Equipment
Power & Energy
SSRs (Solid State Relays) Production by Region
SSRs (Solid State Relays) Consumption by Region
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives are:
To analyze and research the global SSRs (Solid State Relays) status and future forecast，involving, production, revenue, consumption, historical and forecast.
To present the key SSRs (Solid State Relays) manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of SSRs (Solid State Relays) :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of SSRs (Solid State Relays) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.