The North America Solid State Relay Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 6,574.8 thousand units, showcasing a growth of 6.3% (2019-2022).
DC SSRs are available in various configurations, including single-pole, single-throw (SPST), single-pole, double-throw (SPDT), and multi-channel designs, catering to diverse application requirements. They offer advantages such as fast response times, silent operation, high switching frequencies, and long service life compared to traditional electromechanical relays. Therefore, the U.S. market utilized 2,294 thousand units of DC solid state relay in 2022.
The US market dominated the North America Solid State Relay Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $364.5 million by 2030. The Canada market is experiencing a CAGR of 8.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.5% during (2023 - 2030).
Renewable energy applications represent another significant area of adoption for SSRs. Solar photovoltaic (PV), wind turbines, and energy storage systems depend on SSRs because of the movement towards sustainable energy sources. They enable precise control of power electronics, inverters, and energy storage devices, ensuring optimal energy conversion, grid synchronization, and system stability. The adoption of SSRs in renewable energy applications is expected to grow as governments and industries increasingly invest in renewable energy infrastructure and grid modernization.
Furthermore, SSRs find widespread adoption in consumer electronics, home appliances, medical devices, and smart home automation systems. Their reliability, efficiency, and noiseless operation make them ideal for controlling electrical loads in diverse household and personal devices. As the demand for smart home solutions and IoT (Internet of Things) devices continues to rise, the adoption of SSRs in consumer electronics is expected to increase further.
The expansion of renewable energy in Mexico has also spurred the development of microgrid and islanded systems, which operate independently of the main electrical grid or in conjunction with it. As per the data released in 2023 by the International Trade Administration, Mexico’s goal is 35 percent of electricity from clean energy sources by 2024, which includes power regeneration from renewable and non-renewable sources such as nuclear and efficient cogeneration. Therefore, the expansion of renewable energy and the growing food and beverage industry in the region are propelling the market’s growth.
Free Valuable Insights: The Solid State Relay Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
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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