Global Reed Switches Market Report 2021-2028

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Dublin, November 08, 2021 (GLOBE NEWSWIRE) – The report “Reed Switches Market – Market Size and Forecast (2017-2028)” has been added to ResearchAndMarkets.com offer.

The global Reed Switches market size has been estimated at USD 520.13 Million in 2020 and is expected to register a CAGR of 8.36% during the forecast period.

The market is driven by the growing demand for advanced switching sensor technologies in various industries including medical, aerospace and defense, security, telecommunications, transportation and utilities.

Reed switches are used in these industries for a variety of applications such as motion detection and detection, metal detection, proximity detection, liquid level measurement and flow measurement. These switches have low power consumption, making them suitable for a variety of battery-powered applications, and are available in power ratings up to 100W in a variety of sizes. Due to their simple design and low cost, manufacturers of electrical equipment actively use these switches.

The growing adoption of smart homes in developed countries such as the United States is expected to increase the demand for the reed switch. In addition, as reed switches work effectively in extreme environments, they are used in machine ignition systems, liquid flow manufacturing facilities as well as level monitoring, visual indications, etc. which drives market growth.

However, the market growth is hampered by factors such as large size of reed switch, inferior durability and competition from Hall effect technology due to advancement in magnetic resonance technology.

The increasing use of reed switches for an effective passive safety system and the adoption of the Internet of Things will increase the demand for reed switches. Moreover, the increasing demand for Reed Switches from end users for use in low temperature environment is the key factor that will enhance Reed Switches market growth during the forecast period.

The Asia-Pacific region held the largest share of the global reed switch market, at around 30.81%.

During the projection period, Asia-Pacific is expected to have the fastest growing market share. The exponential rise of the automotive sector in India, China and Japan is expected to have a beneficial impact on the growth of the market. Market growth in the region will be driven by increasing demand for passenger and utility cars, as well as high penetration of the switching system.

Main topics covered:

1 Market summary

2 Market overview

3. Research practice

4 related key data
4.1 Competitive positioning
4.1.1 Product positioning
4.1.2 Regional positioning
4.2 Matrix of suppliers
4.3 Technological advances
4.3.1 New Reed Switch Design Based on Magnetic Silver
4.3.2 Making a reed sensor the Planar Mems method
4.3.3 Making a Reed Mems Sensor the Means of Harm (High Aspect Ratio Microfabrication)
4.4 Major investments over the past five years by global players
4.5 Key Industry Trends in Major Countries
4.5.1 United States
4.5.2 United Kingdom
4.5.3 India
4.6 Standards and regulations
4.7 Potential Outlook for Reed Switch Company Market Share
4.8 Impact of Covid-19 on the Reed Switch Market
4.8.1 Global (regional) analysis
4.8.2 United States
4.8.3 China
4.8.4 Germany
4.9 Outlook for Manufacturing Cost Structure
4.10 Subcontractors and suppliers of reed switch equipment
4.10.1 Wire
4.10.2 Glass

5 Analysis of impact factors
5.1 Drivers / Restrictions / Opportunities / Challenges
5.1.1 Drivers
5.1.1.1 Thriving market for electric vehicles and electronics industry
5.1.1.2 Growing Demand for Smart Home Appliances
5.1.2 Constraints
5.1.2.1 Functional issues with reed switches
5.1.3 Opportunities
5.1.3.1 Growing Demand for Reed Switches in Sensing and Control Market
5.1.4 Challenges
5.1.4.1 Strong competition from alternative switching technologies
5.2 Porter’s five forces model
5.3 Price overview (average selling price)

6 Market development analysis
6.1 Overview
6.2 New Product Development / Product Launch (2015-2021)
6.3 Mergers and acquisitions (2015-2021)

7 Global Reed Switches Market, By Type
7.1 Presentation
7.2 Form A (Spst) (unipolar unidirectional)
7.3 Form B (Spst) (unipolar unidirectional)
7.4 Form C (Spdt) (single pole double throw)
7.5 Latch type

8 Global Reed Switches Market, By Application
8.1 Presentation
8.2 Position detection
8.3 Temperature detection
8.4 Relay request
8.5 Pulse detection
8.6 Other applications

9 Global Reed Switches Market, By End Use
9.1 Presentation
9.2 Automotive
9.3 Construction and safety
9.4 Durable consumer goods
9.5 Maritime and weather
9.6 Electronics and communications
9.7 Robotics and automation
9.8 Internet of Things (IoT)
9.9 Others

10 Global Reed Switches Market, Regional Analysis
10.1 Presentation

11 company profiles

  • International company Standex

  • Omron Company

  • Smc Corporation of America

  • Littelfuse Inc.

  • Rmcip

  • Hsi detection

  • Relais Reed and Electronics India Limited

  • Comus International

  • Hong Kong Aleph Co. Ltd

  • Stg Germany GmbH

  • Thomas White (Leicester) Limited

  • Coto technology

  • Pic GmbH

  • Pit-Radwar Sa

  • Relais Celduc

For more information on this report, visit https://www.researchandmarkets.com/r/pbvu0d

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