TBIQYR5109-Global Magnetic Reed Switch Market Research Report 2019

                                          
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 global Magnetic Reed Switch market is valued at 270 million US$ in 2018 is expected to reach 680 million US$ by the end of 2025, growing at a CAGR of 12.2% during 2019-2025.
This report focuses on Magnetic Reed Switch volume and value at global level, regional level and company level. From a global perspective, this report represents overall Magnetic Reed Switch market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

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

Segment by Regions
    North America
    Europe
    China
    Japan

Segment by Type
    Form A
    Form B
    Form C
    Other

Segment by Application
    Reed Relays
    Magnetic Sensors
    Other