Reed Switch Market Size & Share - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "Reed Switch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “Reed Switch” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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The reed switch is an electrical switch operated by an applied magnetic field. It contains a pair (or more) of magnetizable, flexible, metal reeds whose end portions are separated by a small gap. The reeds are hermetically sealed in opposite ends of a tubular glass envelope. The two ferrous materials inside the switch pull together when exposed to a magnetic field and hence completing the circuit. When the magnetic field is removed, the reeds separate and the switch opens. This makes for a great non-contact switch. These switches are designed with a high degree of reliability. The ferrous metal contacts are sealed in an environment at a predetermined pressure or vacuum, specifically chosen for their intended areas of application. Various manufacturers provides application specific reed switches that can be used in low temperature environments. Reed switches can be used as an effective passive safety system suited to alert driver. With the evolution of internet of things (IoT), industrial/home automation and Increase usage for automotive safety solutions around the globe, especially in the developed and developing economies are some of the primary factors driving the growth of the global reed switch market during the forecast period. However, some functional issues associated with reed switches is restraining the growth of the reed switch market. At present, various emerging technology and its applications are requiring more advanced reed switch, and high demand for smaller, better and durable switches is expected to create ample opportunities for reed switch manufacturers to come up with more advanced low power consumption reed switches.

The global reed switch market is segmented on the basis of type, application, end-use and region. On the basis of type, the market is segmented into Form A (SPST), Form B (SPST), Form C (SPDT), and Latch type. Form A SPST (Single Pole, Single Throw) are normal open reed switch that contacts close in the presence of a magnetic field. However, Form B SPST are closed reed switch that contacts open in the presence of a magnetic field. Form C SPDT (Single pole, double throw) are referred as Break-before-make reed, these are normally closed contact opens and then the open contact closes. Furthermore, the market is segmented on the basis on its applications into Relay Application, Position Sensing, Temperature Sensing, Pulse Sensing and others. On the basis of end-use, the global reed switch market is segmented into consumer electronics, automotive, telecommunication, Building automation and others.

In the region wise study, the global reed switch market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America which comprises the US and Canada captured significant market share followed by Asia Pacific and Europe in 2017. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. The growing automobile sector in the Asia-Pacific region, with India and China emerging as automotive part manufacture hubs for the western automobile giants, is expected to drive the market for reed switches in this region. China represents huge potential for the reed switch industry with the rising applications in automotive and other industrial purpose in the country. The U.S. and Germany are expected to be the second largest market after China.

The global reed switch market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products to the customers and certain strategies such as agreements and acquisitions. Some of the key players engaged in reed switch market include various manufacturers such as Standex-Meder Electronics, Inc., Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP), OKI Group, Littelfuse, Inc., Nippon Aleph Corporation, HSI Sensing, Coto Technology, STG Germany GmbH, SMC Corporation of America, PIC GmbH, Harbin Electric Group, Thomas White (Leicester) Limited, Comus International, Omron Corporation, SparkFun Electronics Corporation and Others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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