Reed switch device Market, By Product Type (Normally Open (A-Type), Normally Closed (B-Type), and Changeover (C-Type)), By Application (Reed Relays and Magnetic Sensors), By Distribution Channel (Direct Sales and Distributor), By Industry Vertical (Electr

Reed switch device Market, By Product Type (Normally Open (A-Type), Normally Closed (B-Type), and Changeover (C-Type)), By Application (Reed Relays and Magnetic Sensors), By Distribution Channel (Direct Sales and Distributor), By Industry Vertical (Electronics & Communications, Automotive, Security, Robotics & Automation, Marine & Weather, Internet of Things (IoT), and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

A reed switch is made of two ferromagnetic blades, which are hermetically sealed in a glass tube filled with inert gas such as nitrogen to reduce blade corrosion. These blades are protected from corrosion and other environmental parameters using rhodium or ruthenium. Reed switch devices are mainly divided into three types, normally open (A-Type), normally closed (B-Type), and changeover (C-Type). As per its application, type of reed switch device changes.
Market Dynamics
Reed switch device are mainly used to detect the opening of a door, when used as proximity sensor. Normally open reed switch device is used when the door is closed so that when the door opens, magnetic field changes and circuit becomes complete, which will trigger the alarm. Due to its simple construction and low cost operation, it remains as a good alternative for other proximity sensors. Increasing demand for security devices across the globe will drive growth of the global reed switch device market during the forecast period. According to Coherent Market Insights’ analysis, the global security door market is expected to register a CAGR of 7.2% over the forecast period.
Due to government initiatives to reduce carbon footprints, governments across the globe are providing incentives for electric vehicles. For instance, the government of Norway provides various advantages to electric car owners and sellers such as no sales tax for electric car companies to sell vehicles in Norway, annual tax reduction to electric car owners, and others. Due to these factors, the electric vehicle market is expected to witness growth over the forecast period. Reed switch device is used in electric vehicles at charging points. Increasing demand for electric vehicle will, in turn, increase demand for reed switch devices.
Key features of the study:
This report provides an in-depth analysis of the global reed switch device market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
It profiles leading players in the global reed switch device market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global reed switch device market include Littelfuse, Inc., RMCIP, Standex Electronics, Inc., Nippon Aleph, HSI Sensing, Inc., Coto Technology USA, PIT-RADWAR S.A., PIC GmbH, STG Germany GmbH, Harbin Electric Group, Zhejiang Xurui, Zippy Technology Corp., Honeywell International Inc., Molex Incorporated, and others
These key market players are focusing on collaborating with other market leaders to launch new products to meet the increasing consumer requirements
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global reed switch device market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global reed switch device market
Detailed Segmentation:
Global Reed Switch Device Market, By Product Type:
Normally Open (A-Type)
Normally Closed (B-Type)
Changeover (C-Type)
Global Reed Switch Device Market, By Distribution Channel:
Direct Sales
Distributor
Global Reed Switch Device Market, By Industry Vertical:
Electronics & Communications
Automotive
Security
Robotics & Automation
Marine & Weather
Internet of Things (IoT)
Others
Global Reed Switch Device Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
Littelfuse, Inc.*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
RMCIP
Standex Electronics, Inc.
Nippon Aleph
HSI Sensing, Inc.
Coto Technology USA
PIT-RADWAR S.A.
PIC GmbH
STG Germany GmbH
Harbin Electric Group
Zhejiang Xurui
Zippy Technology Corp.
Honeywell International Inc.
Molex Incorporated
*Browse all the market data tables and figures on “Global Reed Switch Device Market- Forecast to 2027”