Reed Switch Device 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.

In the last several years, the Reed Switch Device industry has enjoyed a double-digit production growth rate annually. In 2016, the global production of Reed Switch Device is about 1.5 billion units.

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In the next five years, the global production of Reed Switch will maintain an annual growth rate more than 10%. In 2021, the global production of Reed Switch Device is expected to beyond 2.7 billion units.

The market concentration degree is relative high, as the top 10 manufacturers occupied more than 90% of the total market. The cooperation between companies is more and more, despite fierce competition. Due to the global economy recovery trend, investors are still optimistic about this area.

In Asia, Japan is the largest supplier of Reed Switch Device, as the largest manufacturer, OKI located in Japan. In Europe and USA, the manufacturers can supply excellent products with good performance. While the price from USA and Europe is also higher than in Japan.

China domestic Reed Switch Device industry developed faster than the global market. Besides, some manufacturers built plants in China, due to the low cost of labor and materials.

According to this study, over the next five years the Reed Switch Device market will register a 9.0% CAGR in terms of revenue, the global market size will reach US$ 380 million by 2024, from US$ 230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Reed Switch Device business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Reed Switch Device market by product type, application, key manufacturers and key regions and countries.

This study considers the Reed Switch Device value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

• Form A
• Form B
• Form C

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Reed Relays
• Magnetic Sensors
• Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Spain
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

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: Breakdown data in in Chapter 3.

• OKI
• Littelfuse (Hamlin)
• RMCIP
• Standex-Meder
• Nippon Aleph
• HSI Sensing
• Coto
• PIT-RADWAR
• PIC
• STG
• Harbin Electric Group
• Zhejiang Xurui

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Reed Switch Device consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
• To understand the structure of Reed Switch Device market by identifying its various subsegments.
• Focuses on the key global Reed Switch Device manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Reed Switch Device with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Reed Switch Device submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

2019–2024 Global Reed Switch Device Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Reed Switch Device Consumption 2014–2024
2.1.2 Reed Switch Device Consumption CAGR by Region
2.2 Reed Switch Device Segment by Type
2.2.1 Form A
2.2.2 Form B
2.2.3 Form C
2.3 Reed Switch Device Consumption by Type
2.3.1 Global Reed Switch Device Consumption Market Share by Type (2014–2019)
2.3.2 Global Reed Switch Device Revenue and Market Share by Type (2014–2019)
2.3.3 Global Reed Switch Device Sale Price by Type (2014–2019)
2.4 Reed Switch Device Segment by Application
2.4.1 Reed Relays
2.4.2 Magnetic Sensors
2.4.3 Other
2.5 Reed Switch Device Consumption by Application
2.5.1 Global Reed Switch Device Consumption Market Share by Application (2014–2019)
2.5.2 Global Reed Switch Device Value and Market Share by Application (2014–2019)
2.5.3 Global Reed Switch Device Sale Price by Application (2014–2019)

3 Global Reed Switch Device by Players
3.1 Global Reed Switch Device Sales Market Share by Players

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