Global Reed Switch Device Market Research Report 2021

SKU ID : QYR-17253337 | Publishing Date : 25-Jan-2021 | No. of pages : 120

Reed Switch Device consists of a pair of ferromagnetic reeds, which overlap at their free ends (contact area) at a very small distance and are hermetically sealed in a glass tube. When in the presence of a magnetic field, the reeds become magnetized to opposite polarity, thus attracting each other and closing contact. Like many other great inventions, reed switches were born at Bell Laboratories, invented there in the mid-1930s by Walter B. Elwood. Today, reed switches are still in common uses.
In the last several years, the Reed Switch Device industry has enjoyed a double-digit production growth rate annually. In 2016, the global production of Reed Switch Device is about 1.5 billion units.

In the next five years, the global production of Reed Switch will maintain an annual growth rate more than 10%. In 2021, the global production of Reed Switch Device is expected to beyond 2.7 billion units.

The market concentration degree is relative high, as the top 10 manufacturers occupied more than 90% of the total market. The cooperation between companies is more and more, despite fierce competition. Due to the global economy recovery trend, investors are still optimistic about this area.

In Asia, Japan is the largest supplier of Reed Switch Device, as the largest manufacturer, OKI located in Japan. In Europe and USA, the manufacturers can supply excellent products with good performance. While the price from USA and Europe is also higher than in Japan.

China domestic Reed Switch Device industry developed faster than the global market. Besides, some manufacturers built plants in China, due to the low cost of labor and materials.

Market Analysis and Insights: Global Reed Switch Device Market
The global Reed Switch Device market was valued at US$ 270.2 million in 2019 and it is expected to reach US$ 494 million by the end of 2026, growing at a CAGR of 8.9% during 2021-2026.

Global Reed Switch Device Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Reed Switch Device Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
Form A
Form B
Form C

Segment by Application
Reed Relays
Magnetic Sensors

By Company
Littelfuse (Hamlin)
Nippon Aleph
HSI Sensing
Harbin Electric Group
Zhejiang Xurui

Production by Region
North America
South Korea

Consumption by Region
North America
South Korea
Latin America
Middle East & Africa
Saudi Arabia

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
  • By product type
  • By End User/Applications
  • By Technology
  • By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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