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Magnetic Reed Switch-Global Market Insights and Sales Trends 2024
Synopsis
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 global Magnetic Reed Switch market size is expected to reach US$ 712.1 million by 2029, growing at a CAGR of 7.0% from 2023 to 2029. The market is mainly driven by the significant applications of Magnetic Reed Switch in various end use industries. The expanding demands from the Automotive, Home Appliance, Office Automation and Industrial Control, are propelling Magnetic Reed Switch market. Form A, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Form B segment is estimated at % CAGR for the next seven-year period.
Global magnetic reed switch key players include Standex, Nippon Aleph, RMCIP, Littelfuse, etc. Global top 2 manufacturers hold a share about 50%. North America is the largest market, with a share about 40%, followed by Japan and Europe, total with a share about 40 percent. In terms of product, form A is the largest segment, with a share about 75%. And in terms of application, the largest application is automotive, followed by home appliance.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Magnetic Reed Switch, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Magnetic Reed Switch market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Magnetic Reed Switch market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Magnetic Reed Switch sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Magnetic Reed Switch covered in this report include Standex Electronics, Nippon Aleph, Comus International, RMCIP, Littelfuse, HSI Sensing, PIC, PIT-RADWAR and Xurui Electronic, etc.
The global Magnetic Reed Switch market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Standex Electronics
Nippon Aleph
Comus International
RMCIP
Littelfuse
HSI Sensing
PIC
PIT-RADWAR
Xurui Electronic
Global Magnetic Reed Switch market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Magnetic Reed Switch market, Segment by Type:
Form A
Form B
Form C
Global Magnetic Reed Switch market, by Application
Automotive
Home Appliance
Office Automation
Industrial Control
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Magnetic Reed Switch manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Magnetic Reed Switch in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 global Magnetic Reed Switch market size is expected to reach US$ 712.1 million by 2029, growing at a CAGR of 7.0% from 2023 to 2029. The market is mainly driven by the significant applications of Magnetic Reed Switch in various end use industries. The expanding demands from the Automotive, Home Appliance, Office Automation and Industrial Control, are propelling Magnetic Reed Switch market. Form A, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Form B segment is estimated at % CAGR for the next seven-year period.
Global magnetic reed switch key players include Standex, Nippon Aleph, RMCIP, Littelfuse, etc. Global top 2 manufacturers hold a share about 50%. North America is the largest market, with a share about 40%, followed by Japan and Europe, total with a share about 40 percent. In terms of product, form A is the largest segment, with a share about 75%. And in terms of application, the largest application is automotive, followed by home appliance.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Magnetic Reed Switch, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Magnetic Reed Switch market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Magnetic Reed Switch market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Magnetic Reed Switch sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Magnetic Reed Switch covered in this report include Standex Electronics, Nippon Aleph, Comus International, RMCIP, Littelfuse, HSI Sensing, PIC, PIT-RADWAR and Xurui Electronic, etc.
The global Magnetic Reed Switch market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Standex Electronics
Nippon Aleph
Comus International
RMCIP
Littelfuse
HSI Sensing
PIC
PIT-RADWAR
Xurui Electronic
Global Magnetic Reed Switch market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Magnetic Reed Switch market, Segment by Type:
Form A
Form B
Form C
Global Magnetic Reed Switch market, by Application
Automotive
Home Appliance
Office Automation
Industrial Control
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Magnetic Reed Switch manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Magnetic Reed Switch in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Magnetic Reed Switch Market Overview
1.1 Magnetic Reed Switch Product Overview
1.2 Magnetic Reed Switch Market Segment by Type
1.2.1 Form A
1.2.2 Form B
1.2.3 Form C
1.3 Global Magnetic Reed Switch Market Size by Type
1.3.1 Global Magnetic Reed Switch Market Size Overview by Type (2018-2029)
1.3.2 Global Magnetic Reed Switch Historic Market Size Review by Type (2018-2023)
1.3.3 Global Magnetic Reed Switch Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Magnetic Reed Switch Sales Breakdown by Type (2018-2023)
1.4.2 Europe Magnetic Reed Switch Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Magnetic Reed Switch Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Magnetic Reed Switch Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Magnetic Reed Switch Sales Breakdown by Type (2018-2023)
2 Global Magnetic Reed Switch Market Competition by Company
2.1 Global Top Players by Magnetic Reed Switch Sales (2018-2023)
2.2 Global Top Players by Magnetic Reed Switch Revenue (2018-2023)
2.3 Global Top Players by Magnetic Reed Switch Price (2018-2023)
2.4 Global Top Manufacturers Magnetic Reed Switch Manufacturing Base Distribution, Sales Area, Product Type
2.5 Magnetic Reed Switch Market Competitive Situation and Trends
2.5.1 Magnetic Reed Switch Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Magnetic Reed Switch Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Magnetic Reed Switch as of 2022)
2.7 Date of Key Manufacturers Enter into Magnetic Reed Switch Market
2.8 Key Manufacturers Magnetic Reed Switch Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Magnetic Reed Switch Status and Outlook by Region
3.1 Global Magnetic Reed Switch Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Magnetic Reed Switch Historic Market Size by Region
3.2.1 Global Magnetic Reed Switch Sales in Volume by Region (2018-2023)
3.2.2 Global Magnetic Reed Switch Sales in Value by Region (2018-2023)
3.2.3 Global Magnetic Reed Switch Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Magnetic Reed Switch Forecasted Market Size by Region
3.3.1 Global Magnetic Reed Switch Sales in Volume by Region (2024-2029)
3.3.2 Global Magnetic Reed Switch Sales in Value by Region (2024-2029)
3.3.3 Global Magnetic Reed Switch Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Magnetic Reed Switch by Application
4.1 Magnetic Reed Switch Market Segment by Application
4.1.1 Automotive
4.1.2 Home Appliance
4.1.3 Office Automation
4.1.4 Industrial Control
4.1.5 Others
4.2 Global Magnetic Reed Switch Market Size by Application
4.2.1 Global Magnetic Reed Switch Market Size Overview by Application (2018-2029)
4.2.2 Global Magnetic Reed Switch Historic Market Size Review by Application (2018-2023)
4.2.3 Global Magnetic Reed Switch Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Magnetic Reed Switch Sales Breakdown by Application (2018-2023)
4.3.2 Europe Magnetic Reed Switch Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Magnetic Reed Switch Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Magnetic Reed Switch Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Magnetic Reed Switch Sales Breakdown by Application (2018-2023)
5 North America Magnetic Reed Switch by Country
5.1 North America Magnetic Reed Switch Historic Market Size by Country
5.1.1 North America Magnetic Reed Switch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Magnetic Reed Switch Sales in Volume by Country (2018-2023)
5.1.3 North America Magnetic Reed Switch Sales in Value by Country (2018-2023)
5.2 North America Magnetic Reed Switch Forecasted Market Size by Country
5.2.1 North America Magnetic Reed Switch Sales in Volume by Country (2024-2029)
5.2.2 North America Magnetic Reed Switch Sales in Value by Country (2024-2029)
6 Europe Magnetic Reed Switch by Country
6.1 Europe Magnetic Reed Switch Historic Market Size by Country
6.1.1 Europe Magnetic Reed Switch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Magnetic Reed Switch Sales in Volume by Country (2018-2023)
6.1.3 Europe Magnetic Reed Switch Sales in Value by Country (2018-2023)
6.2 Europe Magnetic Reed Switch Forecasted Market Size by Country
6.2.1 Europe Magnetic Reed Switch Sales in Volume by Country (2024-2029)
6.2.2 Europe Magnetic Reed Switch Sales in Value by Country (2024-2029)
7 Asia-Pacific Magnetic Reed Switch by Region
7.1 Asia-Pacific Magnetic Reed Switch Historic Market Size by Region
7.1.1 Asia-Pacific Magnetic Reed Switch Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Magnetic Reed Switch Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Magnetic Reed Switch Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Magnetic Reed Switch Forecasted Market Size by Region
7.2.1 Asia-Pacific Magnetic Reed Switch Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Magnetic Reed Switch Sales in Value by Region (2024-2029)
8 Latin America Magnetic Reed Switch by Country
8.1 Latin America Magnetic Reed Switch Historic Market Size by Country
8.1.1 Latin America Magnetic Reed Switch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Magnetic Reed Switch Sales in Volume by Country (2018-2023)
8.1.3 Latin America Magnetic Reed Switch Sales in Value by Country (2018-2023)
8.2 Latin America Magnetic Reed Switch Forecasted Market Size by Country
8.2.1 Latin America Magnetic Reed Switch Sales in Volume by Country (2024-2029)
8.2.2 Latin America Magnetic Reed Switch Sales in Value by Country (2024-2029)
9 Middle East and Africa Magnetic Reed Switch by Country
9.1 Middle East and Africa Magnetic Reed Switch Historic Market Size by Country
9.1.1 Middle East and Africa Magnetic Reed Switch Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Magnetic Reed Switch Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Magnetic Reed Switch Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Magnetic Reed Switch Forecasted Market Size by Country
9.2.1 Middle East and Africa Magnetic Reed Switch Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Magnetic Reed Switch Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Standex Electronics
10.1.1 Standex Electronics Company Information
10.1.2 Standex Electronics Introduction and Business Overview
10.1.3 Standex Electronics Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Standex Electronics Magnetic Reed Switch Products Offered
10.1.5 Standex Electronics Recent Development
10.2 Nippon Aleph
10.2.1 Nippon Aleph Company Information
10.2.2 Nippon Aleph Introduction and Business Overview
10.2.3 Nippon Aleph Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Nippon Aleph Magnetic Reed Switch Products Offered
10.2.5 Nippon Aleph Recent Development
10.3 Comus International
10.3.1 Comus International Company Information
10.3.2 Comus International Introduction and Business Overview
10.3.3 Comus International Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Comus International Magnetic Reed Switch Products Offered
10.3.5 Comus International Recent Development
10.4 RMCIP
10.4.1 RMCIP Company Information
10.4.2 RMCIP Introduction and Business Overview
10.4.3 RMCIP Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.4.4 RMCIP Magnetic Reed Switch Products Offered
10.4.5 RMCIP Recent Development
10.5 Littelfuse
10.5.1 Littelfuse Company Information
10.5.2 Littelfuse Introduction and Business Overview
10.5.3 Littelfuse Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Littelfuse Magnetic Reed Switch Products Offered
10.5.5 Littelfuse Recent Development
10.6 HSI Sensing
10.6.1 HSI Sensing Company Information
10.6.2 HSI Sensing Introduction and Business Overview
10.6.3 HSI Sensing Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.6.4 HSI Sensing Magnetic Reed Switch Products Offered
10.6.5 HSI Sensing Recent Development
10.7 PIC
10.7.1 PIC Company Information
10.7.2 PIC Introduction and Business Overview
10.7.3 PIC Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.7.4 PIC Magnetic Reed Switch Products Offered
10.7.5 PIC Recent Development
10.8 PIT-RADWAR
10.8.1 PIT-RADWAR Company Information
10.8.2 PIT-RADWAR Introduction and Business Overview
10.8.3 PIT-RADWAR Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.8.4 PIT-RADWAR Magnetic Reed Switch Products Offered
10.8.5 PIT-RADWAR Recent Development
10.9 Xurui Electronic
10.9.1 Xurui Electronic Company Information
10.9.2 Xurui Electronic Introduction and Business Overview
10.9.3 Xurui Electronic Magnetic Reed Switch Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Xurui Electronic Magnetic Reed Switch Products Offered
10.9.5 Xurui Electronic Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Magnetic Reed Switch Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Magnetic Reed Switch Industrial Chain Analysis
11.4 Magnetic Reed Switch Market Dynamics
11.4.1 Magnetic Reed Switch Industry Trends
11.4.2 Magnetic Reed Switch Market Drivers
11.4.3 Magnetic Reed Switch Market Challenges
11.4.4 Magnetic Reed Switch Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Magnetic Reed Switch Distributors
12.3 Magnetic Reed Switch Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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