Global Magnetic Reed Switch Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Magnetic Reed Switch Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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.

According to our (Global Info Research) latest study, the global Magnetic Reed Switch market size was valued at US$ 489 million in 2023 and is forecast to a readjusted size of USD 772 million by 2030 with a CAGR of 6.8% during review 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.

This report is a detailed and comprehensive analysis for global Magnetic Reed Switch market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Magnetic Reed Switch market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Magnetic Reed Switch market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Magnetic Reed Switch market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2019-2030

Global Magnetic Reed Switch market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Magnetic Reed Switch

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Magnetic Reed Switch market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Standex Electronics, Nippon Aleph, Comus International, RMCIP, Littelfuse, HSI Sensing, PIC, PIT-RADWAR, Xurui Electronic, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Magnetic Reed Switch market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Form A
Form B
Form C

Market segment by Application
Automotive
Home Appliance
Office Automation
Industrial Control
Others

Major players covered
Standex Electronics
Nippon Aleph
Comus International
RMCIP
Littelfuse
HSI Sensing
PIC
PIT-RADWAR
Xurui Electronic

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Magnetic Reed Switch product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Magnetic Reed Switch, with price, sales quantity, revenue, and global market share of Magnetic Reed Switch from 2019 to 2024.

Chapter 3, the Magnetic Reed Switch competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Magnetic Reed Switch breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Magnetic Reed Switch market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Magnetic Reed Switch.

Chapter 14 and 15, to describe Magnetic Reed Switch sales channel, distributors, customers, research findings and conclusion.