Solid State Relay Market by Mounting Type, Output Voltage, Current Rating, Application - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

Description

List of Tables

The Global Solid State Relay Market is forecasted to grow significantly, with a projected USD 2,857.57 million in 2023 at a CAGR of 7.61% and expected to reach a staggering USD 4,796.64 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Solid State Relay Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Solid State Relay Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Mounting Type, market is studied across DIN Rail, DIP, Panel, PCB, Plug-in, and SO4. The DIN Rail commanded largest market share of 24.03% in 2022, followed by Panel.

Based on Output Voltage, market is studied across AC, AC/DC, and DC. The AC commanded largest market share of 36.27% in 2022, followed by AC/DC.

Based on Current Rating, market is studied across High (More than 50A), Low (0A-20A), and Medium (20A-50A). The Medium (20A-50A) commanded largest market share of 41.23% in 2022, followed by High (More than 50A).

Based on Application, market is studied across Automotive & Transportation, Building Equipment, Communication Devices, Energy & Infrastructure, Food & Beverages, Industrial Automation & OEM, and Medical. The Automotive & Transportation is further studied across Aircraft Power Supplies, Electric Passenger Cars & Utility Vehicles, Emergency Vehicle, Refrigerated Vehicles, and Train Control Systems. The Building Equipment is further studied across HVAC Systems, Office Lighting Systems, Radiant Underfloor Heating & Roof Heating, Security & Access Control Systems, and Warehouse & Theatrical Lighting Systems. The Energy & Infrastructure is further studied across Battery Storage Devices, Power Distribution, Solar Tracking Systems, and Wind Turbines. The Food & Beverages is further studied across Coffee Makers & Vending Machines, Ovens & Toasters, and Steamers & Warming Trays. The Industrial Automation & OEM is further studied across Conveyor Systems & Elevators, Hoists & Fitness Equipment, Industrial Robotics & Material Handling Equipment, Packaging Devices, and Plastic & Printing Devices. The Medical is further studied across Dialysis Machines & Portable Respiratory Equipment, Drug Dispensing System, Imaging Systems, and Medical Sterilizers & Incubators. The Automotive & Transportation commanded largest market share of 19.12% in 2022, followed by Industrial Automation & OEM.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.49% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Solid State Relay Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Solid State Relay Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Solid State Relay Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Solid State Relay Market?

4. What is the competitive strategic window for opportunities in the Global Solid State Relay Market?

5. What are the technology trends and regulatory frameworks in the Global Solid State Relay Market?

6. What is the market share of the leading vendors in the Global Solid State Relay Market?

7. What modes and strategic moves are considered suitable for entering the Global Solid State Relay Market?

Product Code: MRR-DD6333AE4F9C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Solid State Relay Market, by Mounting Type, 2022 vs 2030
4.3. Solid State Relay Market, by Output Voltage, 2022 vs 2030
4.4. Solid State Relay Market, by Current Rating, 2022 vs 2030
4.5. Solid State Relay Market, by Application, 2022 vs 2030
4.6. Solid State Relay Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Demand for SSR attributed to rapidly growing electric and connected vehicles
  - 5.1.1.2. Proliferating trend of industrial and factory automation
- 5.1.2. Restraints
  - 5.1.2.1. Concerns regarding temperature control and waste heat generation of solid state relay
- 5.1.3. Opportunities
  - 5.1.3.1. Significant efforts toward SSR innovation and advancement
  - 5.1.3.2. Emerging usage across smart homes and buildings
- 5.1.4. Challenges
  - 5.1.4.1. Availability of low-cost alternatives
5.2. Market Trends
- 5.2.1. Rising investment in industrial automation and modernization of existing energy infrastructure
- 5.2.2. Rapid expansion of end-use industries in the APAC region coupled with a strong base for manufacturing solid state relays
- 5.2.3. Standardization of SSR products for the manufacturing, renewable power, and medical device industries in EMEA
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Solid State Relay Market, by Mounting Type

6.1. Introduction
6.2. DIN Rail
6.3. DIP
6.4. Panel
6.5. PCB
6.6. Plug-in
6.7. SO4

7. Solid State Relay Market, by Output Voltage

7.1. Introduction
7.2. AC
7.3. AC/DC
7.4. DC

8. Solid State Relay Market, by Current Rating

8.1. Introduction
8.2. High (More than 50A)
8.3. Low (0A-20A)
8.4. Medium (20A-50A)

9. Solid State Relay Market, by Application

9.1. Introduction
9.2. Automotive & Transportation
- 9.2.1. Aircraft Power Supplies
- 9.2.2. Electric Passenger Cars & Utility Vehicles
- 9.2.3. Emergency Vehicle
- 9.2.4. Refrigerated Vehicles
- 9.2.5. Train Control Systems
9.3. Building Equipment
- 9.3.1. HVAC Systems
- 9.3.2. Office Lighting Systems
- 9.3.3. Radiant Underfloor Heating & Roof Heating
- 9.3.4. Security & Access Control Systems
- 9.3.5. Warehouse & Theatrical Lighting Systems
9.4. Communication Devices
9.5. Energy & Infrastructure
- 9.5.1. Battery Storage Devices
- 9.5.2. Power Distribution
- 9.5.3. Solar Tracking Systems
- 9.5.4. Wind Turbines
9.6. Food & Beverages
- 9.6.1. Coffee Makers & Vending Machines
- 9.6.2. Ovens & Toasters
- 9.6.3. Steamers & Warming Trays
9.7. Industrial Automation & OEM
- 9.7.1. Conveyor Systems & Elevators
- 9.7.2. Hoists & Fitness Equipment
- 9.7.3. Industrial Robotics & Material Handling Equipment
- 9.7.4. Packaging Devices
- 9.7.5. Plastic & Printing Devices
9.8. Medical
- 9.8.1. Dialysis Machines & Portable Respiratory Equipment
- 9.8.2. Drug Dispensing System
- 9.8.3. Imaging Systems
- 9.8.4. Medical Sterilizers & Incubators

10. Americas Solid State Relay Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Solid State Relay Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Solid State Relay Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
  - 13.3.1.1. Schneider sells Eurotherm controls business to Watlow
  - 13.3.1.2. IXYS to acquire Clare in USD 55 million merger deal
- 13.3.2. Agreement, Collaboration, & Partnership
  - 13.3.2.1. Heilind introduces solid state relays and more from Sensata-Crydom
- 13.3.3. New Product Launch & Enhancement
  - 13.3.3.1. Alpha and Omega Semiconductor Releases 600V 50mohm Super Junction MOSFETs Family
  - 13.3.3.2. ATO Introduces Innovative Solid State Relay and Timer Relay for Improved Control and Performance
  - 13.3.3.3. The Lite Slimline Solid State Relays Series for Resistive Loads
  - 13.3.3.4. OMRON Launches "G9KB" Relay For High-Capacity Electricity Storage Systems
  - 13.3.3.5. TI drives isolation technology forward with new solid-state relays that provide industry-leading reliability
- 13.3.4. Award, Recognition, & Expansion
  - 13.3.4.1. Infineon to begin work on 5 Billion Euro Chip Plant in Germany

14. List of Company Mentioned

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing