
Reed Relay Market Size, Share, and Analysis, By Type (Reed Relay in Single-In-Line [SIL] Package, Reed Relay in Dual-In-Line [DIP] Package and Other), By Application (Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment,
Description
Reed Relay Market Size, Share, and Analysis, By Type (Reed Relay in Single-In-Line [SIL] Package, Reed Relay in Dual-In-Line [DIP] Package and Other), By Application (Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, and Electronic Instrumentation), By Voltage (200 V, 200 V-500 V, 500 V-1 kV, 1 kV-7.5 kV, & 7.5 kV-10 kV, & Above 10 kV) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
The Reed Relay market size was USD 322.9 million in 2021 and projected to grow from USD 430 million in 2023 to USD 1592.6 million by 2032, exhibiting a CAGR of 15.6% during the forecast period.
Reed relay is a relay type, which controls one or more reed switches with the help of an electromagnet. Reed switches are being manufactured since the 1930’s. The contacts are established with magnetic material and electromagnet moves them directly with no requirement of an armature. Reed relays switch faster as the moving parts are small and light than armature-based relays, but switch bounce exists. The contact capacitance is low, and they use less power to operate. The contacts of Reed Relays will be enclosed in a long, narrow glass tube for protecting them from corrosion. Multiple reed switches can be actuated at the same time by inserting them into a single bobbin.
MARKET HIGHLIGHTS
Reed Relay Market is expected to project a CAGR of 15.6% during the forecast period, 2022-2032
The Reed Relay Market is expected to reach USD 1,592.6 million at a CAGR of 15.6 % during forecast period owing to the increasing investment in renewables, increasing adoption of EVs which is expected to increase the market share of Reed Relay Market. The demand from instrumentation and medical fields is increasing and the increase of industrial automation will lead to the implementation of reed sensors and is expected to fuel the demand of reed relays. Additionally, urbanization & increasing levels of disposable income along with sensor applications in household appliances, and smart meters will drive the growth of Reed Relay Market.
REED RELAY MARKET SEGMENTATION:
Automatic Test Equipment segment holds the largest market share
Reed Relay Market is classified based on the Applications into Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, and Electronic Instrumentation. The Automatic Test Equipment segment holds the largest market share. It is utilized for signal switching using reed relays and helps in protection from overheating using thermal reed sensors. Reed relays can control the turn signals, and in protection from overload and safety. Reed relay can consistently work at the required operating voltage range and thermal reed sensors are used in automobiles as safety cut-outs which are the factors which assist market growth.
200 V segment holds the largest market share
MARKET DYNAMICS:
Growth Drivers
- Increasing EV Charging Stations is Expected to Boost the Growth of the Market
- Rising Demand for New Technology is Expected to Boost the Market Growth
Low Current Rating Might Hamper the Market Growth
REED RELAY MARKET_KEY PLAYERS COVERED:
- STG GmbH
- Reed Relays and Electronics India Limited
- Coto Technology
- Hong Kong Aleph Co. Ltd.
- OMRON Corporation
- Comus International
- PIC (Proximity Instrumentation Controls) GmbH
- Littelfuse Inc.
- PIT-RADWAR SA
- Celduc Relais
- Thomas White (Leicester) Limited
- Ryazan Metal Ceramics Instrumentation Plant JSC
- Other Prominent Players
Reed Relay market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe market has accounted for the largest market share in 2021. Asia Pacific region is expected to dominate largest market share during the forecast period owing to the expansion of the automotive industries and the rising demand for both electric cars and vehicles which will boost the market share. Due to the rising pollution, several initiatives are taken by the government for investing in environment friendly electric vehicles by offering financial support to EV buyers and by providing the required infrastructure to charge vehicles which is estimated to drive the market share.
Reed Relay Market Segments:
By Type
- SIL Package
- DIP Package
- Other
- Security Systems
- Telecom Equipment
- Process Control Systems
- Automatic Test Equipment
- Electronic Instrumentation
- 200 V
- 200 V-500 V
- 500 V-1 kV
- 1 kV-7.5 kV
- 7.5 kV-10 kV
- Above 10 kV
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Table of Contents
362 Pages
- 1 Executive Summary
- 1.1. Regional Market Share
- 1.2. Business Trends
- 1.3. Reed Relay Market: COVID-19 Outbreak
- 1.4. Regional Trends
- 1.5. Segmentation Snapshot
- 2 Research Methodology
- 2.1. Research Objective
- 2.2. Research Approach
- 2.3. Data Sourcing and Methodology
- 2.4. Primary Research
- 2.5. Secondary Research
- 2.5.1. Paid Sources
- 2.5.2. Public Sources
- 2.6. Market Size Estimation and Data Triangulation
- 3 Market Characteristics
- 3.1. Market Definition
- 3.2. Reed Relay Market: COVID-19 Impact
- 3.3. Key Segmentations
- 3.4. Key Developments
- 3.5. Allied Industry Data
- 4 Reed Relay Market – Industry Insights
- 4.1. Industry Segmentation
- 4.2. COVID-19 overview on world economy
- 4.3. Industry ecosystem Channel analysis
- 4.4. Innovation & Sustainability
- 5 Macroeconomic Indicators
- 6 Recent Developments
- 7 Market Dynamics
- 7.1. Introduction
- 7.2. Growth Drivers
- 7.3. Market Opportunities
- 7.4. Market Restraints
- 7.5. Market Trends
- 8 Risk Analysis
- 9 Market Analysis
- 9.1. Porters Five Forces
- 9.2. PEST Analysis
- 9.2.1. Political
- 9.2.2. Economic
- 9.2.3. Social
- 9.2.4. Technological
- 10 Reed Relay Market
- 10.1. Overview
- 10.2. Historical Analysis (2016-2020)
- 10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
- 11 Reed Relay Market Size & Forecast 2022A-2032F
- 11.1. Overview
- 11.2. Key Findings
- 11.3. Market Segmentation
- 11.3.1. By Type
- 11.3.1.1. Reed Relay in Single-In-Line [SIL] Package
- 11.3.1.1.1. By Value (USD Million) 2022-2032F
- 11.3.1.1.2. Market Share (%) 2022-2032F
- 11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.2. Reed Relay in Dual-In-Line [DIP] Package
- 11.3.1.2.1. By Value (USD Million) 2022-2032F
- 11.3.1.2.2. Market Share (%) 2022-2032F
- 11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.1.3. Other
- 11.3.1.3.1. By Value (USD Million) 2022-2032F
- 11.3.1.3.2. Market Share (%) 2022-2032F
- 11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2. By Application
- 11.3.2.1. Security Systems
- 11.3.2.1.1. By Value (USD Million) 2022-2032F
- 11.3.2.1.2. Market Share (%) 2022-2032F
- 11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.2. Telecom Equipment
- 11.3.2.2.1. By Value (USD Million) 2022-2032F
- 11.3.2.2.2. Market Share (%) 2022-2032F
- 11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.3. Process Control Systems
- 11.3.2.3.1. By Value (USD Million) 2022-2032F
- 11.3.2.3.2. Market Share (%) 2022-2032F
- 11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.4. Automatic Test Equipment
- 11.3.2.4.1. By Value (USD Million) 2022-2032F
- 11.3.2.4.2. Market Share (%) 2022-2032F
- 11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.2.5. Electronic Instrumentation
- 11.3.2.5.1. By Value (USD Million) 2022-2032F
- 11.3.2.5.2. Market Share (%) 2022-2032F
- 11.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3. By Voltage
- 11.3.3.1. 200 V
- 11.3.3.1.1. By Value (USD Million) 2022-2032F
- 11.3.3.1.2. Market Share (%) 2022-2032F
- 11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.2. 200 V-500 V
- 11.3.3.2.1. By Value (USD Million) 2022-2032F
- 11.3.3.2.2. Market Share (%) 2022-2032F
- 11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.3. 500 V-1 kV
- 11.3.3.3.1. By Value (USD Million) 2022-2032F
- 11.3.3.3.2. Market Share (%) 2022-2032F
- 11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.4. 1 kV-7.5 kV
- 11.3.3.4.1. By Value (USD Million) 2022-2032F
- 11.3.3.4.2. Market Share (%) 2022-2032F
- 11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.5. 7.5 kV-10 kV
- 11.3.3.5.1. By Value (USD Million) 2022-2032F
- 11.3.3.5.2. Market Share (%) 2022-2032F
- 11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
- 11.3.3.6. Above 10 kV
- 11.3.3.6.1. By Value (USD Million) 2022-2032F
- 11.3.3.6.2. Market Share (%) 2022-2032F
- 11.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
- 12 North America Reed Relay Market Size & Forecast 2022A-2032F
- 12.1. Overview
- 12.2. Key Findings
- 12.3. Market Segmentation
- 12.3.1. By Type
- 12.3.2. By Application
- 12.3.3. By Voltage
- 12.4. Country
- 12.4.1. United States
- 12.4.2. Canada
- 13 Europe Reed Relay Market Size & Forecast 2022A-2032F
- 13.1. Overview
- 13.2. Key Findings
- 13.3. Market Segmentation
- 13.3.1. By Type
- 13.3.2. By Application
- 13.3.3. By Voltage
- 13.4. Country
- 13.4.1. Germany
- 13.4.2. United Kingdom
- 13.4.3. France
- 13.4.4. Italy
- 13.4.5. Spain
- 13.4.6. Russia
- 13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
- 14 Asia Reed Relay Market Size & Forecast 2022A-2032F
- 14.1. Overview
- 14.2. Key Findings
- 14.3. Market Segmentation
- 14.3.1. By Type
- 14.3.2. By Application
- 14.3.3. By Voltage
- 14.4. By Country
- 14.4.1. India
- 14.4.2. China
- 14.4.3. South Korea
- 14.4.4. Japan
- 14.4.5. Rest of APAC
- 15 Middle East and Africa Reed Relay Market Size & Forecast 2022A-2032F
- 15.1. Overview
- 15.2. Key Findings
- 15.3. Market Segmentation
- 15.3.1. By Type
- 15.3.2. By Application
- 15.3.3. By Voltage
- 15.4. Country
- 15.4.1. Israel
- 15.4.2. GCC
- 15.4.3. North Africa
- 15.4.4. South Africa
- 15.4.5. Rest of Middle East and Africa
- 16 Latin America Reed Relay Market Size & Forecast 2022A-2032F
- 16.1. Overview
- 16.2. Key Findings
- 16.3. Market Segmentation
- 16.3.1. By Type
- 16.3.2. By Application
- 16.3.3. By Voltage
- 16.4. Country
- 16.4.1. Mexico
- 16.4.2. Brazil
- 16.4.3. Rest of Latin America
- 17 Competitive Landscape
- 17.1. Company market share, 2021
- 17.2. Key player overview
- 17.3. Key stakeholders
- 18 Company Profiles
- 18.1. STG GmbH
- 18.1.1. Company Overview
- 18.1.2. Financial Overview
- 18.1.3. Key Product; Analysis
- 18.1.4. Company Assessment
- 18.1.4.1. Product Portfolio
- 18.1.4.2. Key Clients
- 18.1.4.3. Market Share
- 18.1.4.4. Recent News & Development (Last 3 Yrs.)
- 18.1.4.5. Executive Team
- 18.2. Reed Relays and Electronics India Limited
- 18.3. Coto Technology
- 18.4. Hong Kong Aleph Co. Ltd.
- 18.5. OMRON Corporation
- 18.6. Comus International
- 18.7. PIC (Proximity Instrumentation Controls) GmbH
- 18.8. Littelfuse Inc.
- 18.9. PIT-RADWAR SA
- 18.10. Celduc Relais
- 18.11. Thomas White (Leicester) Limited
- 18.12. Ryazan Metal Ceramics Instrumentation Plant JSC
- 18.13. Other prominent players
- 19 Appendix
- 20 Consultant Recommendation
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.