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.
This report contains market size and forecasts of Reed Switch Device in global, including the following market information:
Global Reed Switch Device Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Reed Switch Device Market Sales, 2017-2022, 2023-2028, (M Unit)
Global top five Reed Switch Device companies in 2021 (%)
The global Reed Switch Device market was valued at 324.1 million in 2021 and is projected to reach US$ 574.4 million by 2028, at a CAGR of 8.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Form A Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Reed Switch Device include OKI, Littelfuse (Hamlin), RMCIP, Standex-Meder, Nippon Aleph, HSI Sensing, Coto, PIT-RADWAR and PIC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Reed Switch Device manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Reed Switch Device Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Unit)
Global Reed Switch Device Market Segment Percentages, by Type, 2021 (%)
Form A
Form B
Form C
Other
Global Reed Switch Device Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Unit)
Global Reed Switch Device Market Segment Percentages, by Application, 2021 (%)
Reed Relays
Magnetic Sensors
Other
Global Reed Switch Device Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Unit)
Global Reed Switch Device Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Reed Switch Device revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Reed Switch Device revenues share in global market, 2021 (%)
Key companies Reed Switch Device sales in global market, 2017-2022 (Estimated), (M Unit)
Key companies Reed Switch Device sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
OKI
Littelfuse (Hamlin)
RMCIP
Standex-Meder
Nippon Aleph
HSI Sensing
Coto
PIT-RADWAR
PIC
STG
Harbin Electric Group
Zhejiang Xurui