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(CityRegions.Com, August 16, 2018 ) 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.
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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.
Over the next five years, LPI(LP Information) projects that Magnetic Reed Switch will register a 12.0% CAGR in terms of revenue, reach US$ 530 million by 2023, from US$ 270 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Magnetic Reed Switch market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Form A
Form B
Form C
Other
Segmentation by application:
Reed Relays
Magnetic Sensors
Other
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Oki
Littelfuse (Hamlin)
Standex
RMCIP
Nippon Aleph
HSI Sensing
Coto
PIT-RADWAR
PIC
STG
Harbin Electric Group
Zhejiang Xurui
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Some Point from TOC:
1 Scope of the Report
2 Executive Summary
3 Global Magnetic Reed Switch by Players
4 Magnetic Reed Switch by Regions
5 Americas
6 APAC
7 Europe
….Continued
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