The Asia Pacific Solid State Relay Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 11,654.8 thousand units, showcasing a growth of 7.2% (2019-2022).
In the industrial sector, SSRs find extensive use in automation and control systems for machinery, equipment, and manufacturing processes. Industries such as automotive, aerospace, electronics, and manufacturing rely on SSRs to switch and regulate electrical power to control motors, heaters, lighting, and other electrical loads, thereby optimizing energy efficiency and enhancing operational performance. Therefore, the Japan market will utilize 1,113.62 thousand units of solid-state relays in industrial & automation by 2030.
The China market dominated the Asia Pacific Solid State Relay Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $208 million by 2030. The Japan market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.8% during (2023 - 2030).
SSRs are extensively used in industrial automation systems for controlling motors, heaters, solenoids, and other electrical loads in manufacturing processes, assembly lines, and machinery. They ensure precise and rapid switching, facilitating seamless operation and enhancing productivity in diverse industrial settings. Also, SSRs are used in the automotive sector for several purposes, such as power distribution inside vehicles, lighting control, motor control, and HVAC (heating, ventilation, and air conditioning) systems. Their compact size, noiseless operation, and high durability make them ideal for automotive environments where space constraints and reliability are critical.
Similarly, SSRs are utilized in telecommunications infrastructure for switching and control functions in telecommunications networks, data centers, and server rooms. Their fast-switching speeds, low power consumption, and high reliability contribute to the efficient operation of communication systems and network equipment. The expansion of the telecommunication sector is providing growth avenues for the solid-state relay market. For instance, according to the State Council of the People’s Republic of China, the telecommunications industry in China logged steady expansion in 2022.
Smart manufacturing initiatives in China involve implementing advanced automation and control systems in manufacturing facilities to improve operational efficiency, productivity, and flexibility. According to the State Council of the People’s Republic of China, China has built over 10,000 digital workshops and smart factories and become the world’s largest smart manufacturing application industry. In conclusion, the expansion of smart manufacturing and the increasing telecommunication industry in the region propel the market’s growth.
Free Valuable Insights: The Global Solid State Relay Market is Predict to reach $ 1.9 Billion by 2030, at a CAGR of 6.7%
Based on Type, the market is segmented into AC, DC, and AC/DC. Based on End User, the market is segmented into Energy & Power, Industrial Automation, Automotive, Food & Beverages, and Others. Based on Mounting Type, the market is segmented into PCB Mount, Panel Mount, DIN Rail Mount, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Mounting Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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