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.
This report contains market size and forecasts of Standard Reed Switches (3W-20W) in global, including the following market information:
Global Standard Reed Switches (3W-20W) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Standard Reed Switches (3W-20W) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Standard Reed Switches (3W-20W) companies in 2021 (%)
The global Standard Reed Switches (3W-20W) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Normally Open Type Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Standard Reed Switches (3W-20W) include Standex Electronics, Nippon Aleph, RMCIP, Littelfuse, Coto Technology, HSI Sensing, PIC, PIT-RADWAR and Misensor and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Standard Reed Switches (3W-20W) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Standard Reed Switches (3W-20W) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Standard Reed Switches (3W-20W) Market Segment Percentages, by Type, 2021 (%)
Normally Open Type
Normally Close Type
Global Standard Reed Switches (3W-20W) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Standard Reed Switches (3W-20W) Market Segment Percentages, by Application, 2021 (%)
Automotive
Home Appliance
Office Automation
Medical Industry
Others
Global Standard Reed Switches (3W-20W) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Standard Reed Switches (3W-20W) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Standard Reed Switches (3W-20W) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Standard Reed Switches (3W-20W) revenues share in global market, 2021 (%)
Key companies Standard Reed Switches (3W-20W) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Standard Reed Switches (3W-20W) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Standex Electronics
Nippon Aleph
RMCIP
Littelfuse
Coto Technology
HSI Sensing
PIC
PIT-RADWAR
Misensor
STG