Global Magnetic Reed Switch Market Insights, Forecast to 2025

SKU ID : QYR- 13101854

Publishing Date : 15-Feb-2019

No. of pages : 111

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  • Magnetic Reed Switch 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.
    The main market players are OKI, Littelfuse, RMCIP, Standex-Meder, Nippon Aleph, HIS Sensing, Coto, PIT-RADWAR, PIC, STG, Harbin Electric Group, Zhejiang Xurui Company and etc.

    North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Magnetic Reed Switch. Europe also plays important roles in global market, with market size of 39 million USD in 2017 and has a market share about 14.5%. The Asia-Pacific will occupy for more market share in following years, especially in Japan (with a revenue market share 30.7%) and China (with a revenue market share 16.3%).

    Demand is driven by demographics and the health of the economy. The profitability of individual companies depends on their ability to bid accurately, secure contracts, and control costs. Large companies enjoy economies of scale in financing and the ability to offer a broad range of services in many locations. Smaller companies can compete effectively by specializing in particular services or focusing on certain geography. The industry is fragmented.

    Despite fierce competition, due to the global recovery trend, investors are still optimistic about this area; more new investment will enter into this field in future.

    The Magnetic Reed Switch market was valued at 270 Million US$ in 2018 and is projected to reach 680 Million US$ by 2025, at a CAGR of 12.2% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Magnetic Reed Switch.

    This report presents the worldwide Magnetic Reed Switch market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
    This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

    The following manufacturers are covered in this report:
    Oki
    Littelfuse (Hamlin)
    Standex
    RMCIP
    Nippon Aleph
    HSI Sensing
    Coto
    PIT-RADWAR
    PIC
    STG
    Harbin Electric Group
    Zhejiang Xurui

    Magnetic Reed Switch Breakdown Data by Type
    Form A
    Form B
    Form C
    Other
    Magnetic Reed Switch Breakdown Data by Application
    Reed Relays
    Magnetic Sensors
    Other

    Magnetic Reed Switch Production by Region
    United States
    Europe
    China
    Japan
    South Korea
    Other Regions

    Magnetic Reed Switch Consumption by Region
    North America
    United States
    Canada
    Mexico
    Asia-Pacific
    China
    India
    Japan
    South Korea
    Australia
    Indonesia
    Malaysia
    Philippines
    Thailand
    Vietnam
    Europe
    Germany
    France
    UK
    Italy
    Russia
    Rest of Europe
    Central & South America
    Brazil
    Rest of South America
    Middle East & Africa
    GCC Countries
    Turkey
    Egypt
    South Africa
    Rest of Middle East & Africa

    The study objectives are:
    To analyze and research the global Magnetic Reed Switch status and future forecast,involving, production, revenue, consumption, historical and forecast.
    To present the key Magnetic Reed Switch manufacturers, production, revenue, market share, and recent development.
    To split the breakdown data by regions, type, manufacturers and applications.
    To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
    To identify significant trends, drivers, influence factors in global and regions.
    To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

    In this study, the years considered to estimate the market size of Magnetic Reed Switch :
    History Year: 2014 - 2018
    Base Year: 2018
    Estimated Year: 2019
    Forecast Year: 2019 - 2025

    This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Magnetic Reed Switch market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

    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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