Reed Switch Market Expected to Grow at a CAGR of 8.36%

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Pune, India, Jan 06, 2022 (GLOBE NEWSWIRE) – The global Reed Switches market was valued at USD 520.13 million in 2021 and is expected to grow at a CAGR of 8.36% during the forecast period, according to a detailed market research carried out by Quince market overview.

Reed switches are electrical switches that are operated by a magnetic field. They are used in a wide variety of applications. Technological advances in sensor and switch technologies will open up new avenues for this market in the years to come.

The growing demand for advanced switching sensor technologies in a variety of industries, such as medicine, aerospace and defense, security, telecommunications, transportation and utilities, is also driving the market. Reed switches are used in these industries to detect and detect motion, metal detection, proximity detection, liquid level monitoring and flow measurement, among others. These switches have low power consumption, making them suitable for a wide range of battery-powered applications, and they are available in a variety of sizes and power ratings up to 100 W. Equipment manufacturers Electric switches frequently use these switches because of their simple design and low cost.

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The demand for the reed switch is likely to increase as smart homes become more popular due to the rapid growth of the industrial sector. In addition, reed switches are used in industrial plants for liquid flow, machine ignition systems, as well as visual signals, level monitoring and other applications, which propels the expansion of the Marlet.

Impact of the COVID-19 pandemic

In robotics and automation, reed switches are commonly used. Manufacturing companies are turning to robotics and automation in the wake of the COVID-19 pandemic, which will fuel demand for reed switch devices in the near future.

Market segmentation

By type

The type segment of the market is divided into Form A (SPST) (Single Pole Single Throw), Form B (SPST) (Single Pole Single Throw), Form C (SPDT) (Single Pole Double Throw), and Lock Type.

The Form A segment accounted for the largest share of the reed switch market. Due to their ability to provide more compact portable devices, Form A sensors are commonly manufactured. This is due to their small size compared to other switching technologies.

By application

The market application segment has been classified into relay applications, position sensing, temperature sensing, pulse sensing and others. The position sensing segment accounted for the largest share. The factors fueling the expansion of the position sensing segment are its long lifespan and improved technology. In addition, the position sensing segment is growing due to the increasing prevalence of high-tech electronics as well as automation in the electronics industry, as well as the increasing complexity of automotive circuits in electric vehicles. .

By end use

The end-use segment of the market has been divided into electronics and communications, consumer durables, automotive, construction and security, robotics and automation, marine and weather, Internet of Things (IoT), and others. The automotive segment accounted for the largest share. The growing demand for electric vehicles around the world has given the segment space to expand. Reed switches are used in electric car chargers to reduce the time required to charge the vehicle.

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By region

In the reed switch market, there are five major regions including North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region is expected to capture the largest market share. The boom in the automotive sector in India, China and Japan should benefit the market. The growing demand for passenger and utility vehicles, along with a high penetration of the switching system, will fuel the expansion of the market in the region.

Recent developments in the market

  • March 2021 – Comus International (USA) introduced the RI-80 SMDM series of surface mount reed switches.
  • May 2020 – RMCIP (Russia) released МКА-10110MS miniature die-cast reed switches for surface mount, which are wrapped in the continuous tape for automatic processing thereof during assembly.
  • July 2020 – Standex International Corporation (United States) acquired the private company Renco Electronics. The acquisition is expected to generate a profit and add to the free cash flow collected in the first year of ownership.

Major companies operating in the global market include STG GmbH (Germany), OMRON Corporation (Japan), SMC Corporation (United States), Littelfuse Inc. (United States), Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP) (Russia) , HSI Sensing (United States), Reed Relays and Electronics India Limited (India), Comus International (United States), Hong Kong Aleph Co. Ltd. (China), The STG Germany GMBH (Germany), Thomas White (Leicester) Limited (United Kingdom), Coto Technology (United States), PIC (Proximity Instrumentation Controls) GmbH (Germany), PIT-RADWAR SA (Poland) , Celduc Relais (France).

To find more information on this topic, visit Quince market overview titled report, Global Reed Switch Market, By type (Form A (SPST) (single pole unidirectional), form B (SPST) (single pole unidirectional), form C (SPDT) (single pole double throw) and interlock type), by application (relay application, position sensing, temperature sensing , pulse detection and others), by end use (electronics and communications, consumer durables, automotive, construction and security, robotics and automation, marine and weather, Internet of Things (IoT) and others), by region (America North, Europe, Asia-Pacific, Middle East and Africa and South America). “ an in-depth analysis with the table of contents (ToC).

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