Global Reed Relay Market Growth 2023-2029

Global Reed Relay Market Growth 2023-2029

A reed relay is a type of relay that uses an electromagnet to control one or more reed switches. The contacts are of magnetic material and the electromagnet acts directly on them without requiring an armature to move them. Sealed in a long, narrow glass tube, the contacts are protected from corrosion. The glass envelope may contain multiple reed switches or multiple reed switches can be inserted into a single bobbin and actuate simultaneously. Reed switches have been manufactured since the 1930s.

Compared with armature-based relays, reed relays can switch much faster, as the moving parts are small and lightweight, although switch bounce is still present. Also, they require less operating power and have lower contact capacitance. Their current handling capacity is limited but, with appropriate contact materials, they are suitable for "dry" switching applications. They are mechanically simple, making for reliability and long life.
LPI (LP Information)' newest research report, the “Reed Relay Industry Forecast” looks at past sales and reviews total world Reed Relay sales in 2022, providing a comprehensive analysis by region and market sector of projected Reed Relay sales for 2023 through 2029. With Reed Relay sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Reed Relay industry.
This Insight Report provides a comprehensive analysis of the global Reed Relay landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Reed Relay portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Reed Relay market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Reed Relay and breaks down the forecast by switching voltage, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Reed Relay.
The global Reed Relay market size is projected to grow from US$ 221.7 million in 2022 to US$ 288.5 million in 2029; it is expected to grow at a CAGR of 288.5 from 2023 to 2029.
Global Reed Relay key players include Standex Electronics, Littelfuse, Coto Technology, Pickering Electronics, Sanyu Switch, etc. Global top five manufacturers hold a share about 50%. Asia-Pacific is the largest market, with a share about 49%, followed by Europe and North America, both have a share about 40 percent. In terms of Switching Voltaget, Less Than 500V is the largest segment, with a share about 32%. And in terms of application, the largest application is Automatic Test Equipment & Instrumentation, followed by EV Battery Management Systems.
This report presents a comprehensive overview, market shares, and growth opportunities of Reed Relay market by product switching voltage, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by switching voltage
Less Than 200V
Less Than 500V
Less Than 1kV
Less Than 7.5kV
Less Than 10kV
More Than 10kV
Segmentation by application
Automatic Test Equipment & Instrumentation
Medical
Telecommunication
EV Battery Management Systems
EV Charging Stations
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Standex Electronics
Littelfuse
Coto Technology
Pickering Electronics
TE Connectivity
Cynergy3 (Sensata)
Schneider Electric
Comus
Celduc
Yaskawa
Sanyu Switch
Cosmo Electronics

Key Questions Addressed in this Report
What is the 10-year outlook for the global Reed Relay market?
What factors are driving Reed Relay market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Reed Relay market opportunities vary by end market size?
How does Reed Relay break out switching voltage, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.