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.
This report contains market size and forecasts of Magnetic Reed Switch in global, including the following market information:
Global Magnetic Reed Switch Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Magnetic Reed Switch Market Sales, 2017-2022, 2023-2028, (M Units)
Global top five Magnetic Reed Switch companies in 2021 (%)
The global Magnetic Reed Switch market was valued at 439.2 million in 2021 and is projected to reach US$ 675.5 million by 2028, at a CAGR of 6.3% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Form A Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Magnetic Reed Switch include Standex, Nippon Aleph, RMCIP, Littelfuse, Coto Technology, HSI Sensing, Comus International, PIC and PIT-RADWAR, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Magnetic Reed Switch manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Magnetic Reed Switch Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (M Units)
Global Magnetic Reed Switch Market Segment Percentages, by Type, 2021 (%)
Form A
Form B
Form C
Global Magnetic Reed Switch Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (M Units)
Global Magnetic Reed Switch Market Segment Percentages, by Application, 2021 (%)
Automotive
Home Appliance
Office Automation
Industrial Control
Others
Global Magnetic Reed Switch Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (M Units)
Global Magnetic Reed Switch Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Magnetic Reed Switch revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Magnetic Reed Switch revenues share in global market, 2021 (%)
Key companies Magnetic Reed Switch sales in global market, 2017-2022 (Estimated), (M Units)
Key companies Magnetic Reed Switch sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Standex
Nippon Aleph
RMCIP
Littelfuse
Coto Technology
HSI Sensing
Comus International
PIC
PIT-RADWAR
Misensor
STG