SSRs (Solid State Relays) Market (Updated Version Available)

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.
In 2020, the market size of SSRs (Solid State Relays) is 840 million US$ and it will reach 1260 million US$ in 2025, growing at a CAGR of 5.3% from 2020; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2019 has been considered as the base year and 2020 to 2025 as the forecast period to estimate the market size for SSRs (Solid State Relays).

This report studies the global market size of SSRs (Solid State Relays), especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the SSRs (Solid State Relays) production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2020, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2020.

In global market, the following companies are covered:
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
CLION

Market Segment by Product Type
Panel Mount
DIN Rail Mount
PCB Mount
Others

Market Segment by Application
Industrial Automation Equipment
Building Automation
Home Appliances
Power & Energy
Others

Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)

The study objectives are:
To analyze and research the SSRs (Solid State Relays) status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key SSRs (Solid State Relays) manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies 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) are as follows:
History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2025