| Product Code: ETC5580102 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Suriname solid state relay import shipments in 2024 saw a significant concentration with top exporting countries being the Netherlands, USA, Turkey, Australia, and Germany. Despite a high Herfindahl-Hirschman Index (HHI), indicating market concentration, the industry experienced strong growth with a CAGR of 16.73% from 2020 to 2024. However, there was a notable decline in growth rate from 2023 to 2024 at -67.04%, suggesting potential shifts in market dynamics that importers and stakeholders should monitor closely.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Suriname Solid State Relay Market Overview |
3.1 Suriname Country Macro Economic Indicators |
3.2 Suriname Solid State Relay Market Revenues & Volume, 2021 & 2031F |
3.3 Suriname Solid State Relay Market - Industry Life Cycle |
3.4 Suriname Solid State Relay Market - Porter's Five Forces |
3.5 Suriname Solid State Relay Market Revenues & Volume Share, By Mounting Type , 2021 & 2031F |
3.6 Suriname Solid State Relay Market Revenues & Volume Share, By Output Voltage , 2021 & 2031F |
3.7 Suriname Solid State Relay Market Revenues & Volume Share, By Current Rating , 2021 & 2031F |
3.8 Suriname Solid State Relay Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Suriname Solid State Relay Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient solutions |
4.2.2 Growing industrial automation and control systems market |
4.2.3 Rising adoption of solid state relays for their reliability and long lifespan |
4.3 Market Restraints |
4.3.1 High initial cost of solid state relays compared to electromechanical relays |
4.3.2 Limited awareness and understanding of solid state relay technology |
4.3.3 Concerns regarding compatibility and integration issues with existing systems |
5 Suriname Solid State Relay Market Trends |
6 Suriname Solid State Relay Market Segmentations |
6.1 Suriname Solid State Relay Market, By Mounting Type |
6.1.1 Overview and Analysis |
6.1.2 Suriname Solid State Relay Market Revenues & Volume, By Panel, 2021-2031F |
6.1.3 Suriname Solid State Relay Market Revenues & Volume, By PCB, 2021-2031F |
6.1.4 Suriname Solid State Relay Market Revenues & Volume, By DIN Rail, 2021-2031F |
6.1.5 Suriname Solid State Relay Market Revenues & Volume, By Others (plug-in, SO4, and DIP), 2021-2031F |
6.2 Suriname Solid State Relay Market, By Output Voltage |
6.2.1 Overview and Analysis |
6.2.2 Suriname Solid State Relay Market Revenues & Volume, By AC, 2021-2031F |
6.2.3 Suriname Solid State Relay Market Revenues & Volume, By DC, 2021-2031F |
6.2.4 Suriname Solid State Relay Market Revenues & Volume, By AC/DC, 2021-2031F |
6.3 Suriname Solid State Relay Market, By Current Rating |
6.3.1 Overview and Analysis |
6.3.2 Suriname Solid State Relay Market Revenues & Volume, By Low, 2021-2031F |
6.3.3 Suriname Solid State Relay Market Revenues & Volume, By Medium, 2021-2031F |
6.3.4 Suriname Solid State Relay Market Revenues & Volume, By High, 2021-2031F |
6.4 Suriname Solid State Relay Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Suriname Solid State Relay Market Revenues & Volume, By Energy and Infrastructure, 2021-2031F |
6.4.3 Suriname Solid State Relay Market Revenues & Volume, By Industrial OEM, 2021-2031F |
6.4.4 Suriname Solid State Relay Market Revenues & Volume, By Building Equipment, 2021-2031F |
6.4.5 Suriname Solid State Relay Market Revenues & Volume, By Food and Beverages, 2021-2031F |
6.4.6 Suriname Solid State Relay Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.4.7 Suriname Solid State Relay Market Revenues & Volume, By Industrial Automation, 2021-2031F |
7 Suriname Solid State Relay Market Import-Export Trade Statistics |
7.1 Suriname Solid State Relay Market Export to Major Countries |
7.2 Suriname Solid State Relay Market Imports from Major Countries |
8 Suriname Solid State Relay Market Key Performance Indicators |
8.1 Percentage increase in energy savings achieved by using solid state relays |
8.2 Number of new industrial automation projects incorporating solid state relays |
8.3 Percentage of customers who report improved equipment performance after switching to solid state relays |
8.4 Number of training sessions conducted to educate users on the benefits and applications of solid state relays |
8.5 Rate of successful integration of solid state relays with different types of equipment and systems |
9 Suriname Solid State Relay Market - Opportunity Assessment |
9.1 Suriname Solid State Relay Market Opportunity Assessment, By Mounting Type , 2021 & 2031F |
9.2 Suriname Solid State Relay Market Opportunity Assessment, By Output Voltage , 2021 & 2031F |
9.3 Suriname Solid State Relay Market Opportunity Assessment, By Current Rating , 2021 & 2031F |
9.4 Suriname Solid State Relay Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Suriname Solid State Relay Market - Competitive Landscape |
10.1 Suriname Solid State Relay Market Revenue Share, By Companies, 2024 |
10.2 Suriname Solid State Relay Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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