Reed Relay Market Size, Share, and Analysis, By Type (Reed Relay in Single-In-Line [SIL] Package, Reed Relay in Dual-In-Line [DIP] Package and Other), By Application (Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, and Electronic Instrumentation), By Voltage (200 V, 200 V-500 V, 500 V-1 kV, 1 kV-7.5 kV, & 7.5 kV-10 kV, & Above 10 kV) and Regional Forecasts, 2022-2032
Reed Relay Market Size, Share, and Analysis, By Type (Reed Relay in Single-In-Line [SIL] Package, Reed Relay in Dual-In-Line [DIP] Package and Other), By Application (Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, and Electronic Instrumentation), By Voltage (200 V, 200 V-500 V, 500 V-1 kV, 1 kV-7.5 kV, & 7.5 kV-10 kV, & Above 10 kV) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW:
The Reed Relay market size was USD 322.9 million in 2021 and projected to grow from USD 430 million in 2023 to USD 1592.6 million by 2032, exhibiting a CAGR of 15.6% during the forecast period.
Reed relay is a relay type, which controls one or more reed switches with the help of an electromagnet. Reed switches are being manufactured since the 1930’s. The contacts are established with magnetic material and electromagnet moves them directly with no requirement of an armature. Reed relays switch faster as the moving parts are small and light than armature-based relays, but switch bounce exists. The contact capacitance is low, and they use less power to operate. The contacts of Reed Relays will be enclosed in a long, narrow glass tube for protecting them from corrosion. Multiple reed switches can be actuated at the same time by inserting them into a single bobbin.
MARKET HIGHLIGHTS
Reed Relay Market is expected to project a CAGR of 15.6% during the forecast period, 2022-2032
The Reed Relay Market is expected to reach USD 1,592.6 million at a CAGR of 15.6 % during forecast period owing to the increasing investment in renewables, increasing adoption of EVs which is expected to increase the market share of Reed Relay Market. The demand from instrumentation and medical fields is increasing and the increase of industrial automation will lead to the implementation of reed sensors and is expected to fuel the demand of reed relays. Additionally, urbanization & increasing levels of disposable income along with sensor applications in household appliances, and smart meters will drive the growth of Reed Relay Market.
REED RELAY MARKET SEGMENTATION:
Automatic Test Equipment segment holds the largest market share
Reed Relay Market is classified based on the Applications into Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, and Electronic Instrumentation. The Automatic Test Equipment segment holds the largest market share. It is utilized for signal switching using reed relays and helps in protection from overheating using thermal reed sensors. Reed relays can control the turn signals, and in protection from overload and safety. Reed relay can consistently work at the required operating voltage range and thermal reed sensors are used in automobiles as safety cut-outs which are the factors which assist market growth.
200 V segment holds the largest market share
MARKET DYNAMICS:
Growth Drivers
Low Current Rating Might Hamper the Market Growth
REED RELAY MARKET_KEY PLAYERS COVERED:
Reed Relay market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe market has accounted for the largest market share in 2021. Asia Pacific region is expected to dominate largest market share during the forecast period owing to the expansion of the automotive industries and the rising demand for both electric cars and vehicles which will boost the market share. Due to the rising pollution, several initiatives are taken by the government for investing in environment friendly electric vehicles by offering financial support to EV buyers and by providing the required infrastructure to charge vehicles which is estimated to drive the market share.
Reed Relay Market Segments:
By Type
PRODUCT OVERVIEW:
The Reed Relay market size was USD 322.9 million in 2021 and projected to grow from USD 430 million in 2023 to USD 1592.6 million by 2032, exhibiting a CAGR of 15.6% during the forecast period.
Reed relay is a relay type, which controls one or more reed switches with the help of an electromagnet. Reed switches are being manufactured since the 1930’s. The contacts are established with magnetic material and electromagnet moves them directly with no requirement of an armature. Reed relays switch faster as the moving parts are small and light than armature-based relays, but switch bounce exists. The contact capacitance is low, and they use less power to operate. The contacts of Reed Relays will be enclosed in a long, narrow glass tube for protecting them from corrosion. Multiple reed switches can be actuated at the same time by inserting them into a single bobbin.
MARKET HIGHLIGHTS
Reed Relay Market is expected to project a CAGR of 15.6% during the forecast period, 2022-2032
The Reed Relay Market is expected to reach USD 1,592.6 million at a CAGR of 15.6 % during forecast period owing to the increasing investment in renewables, increasing adoption of EVs which is expected to increase the market share of Reed Relay Market. The demand from instrumentation and medical fields is increasing and the increase of industrial automation will lead to the implementation of reed sensors and is expected to fuel the demand of reed relays. Additionally, urbanization & increasing levels of disposable income along with sensor applications in household appliances, and smart meters will drive the growth of Reed Relay Market.
REED RELAY MARKET SEGMENTATION:
Automatic Test Equipment segment holds the largest market share
Reed Relay Market is classified based on the Applications into Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, and Electronic Instrumentation. The Automatic Test Equipment segment holds the largest market share. It is utilized for signal switching using reed relays and helps in protection from overheating using thermal reed sensors. Reed relays can control the turn signals, and in protection from overload and safety. Reed relay can consistently work at the required operating voltage range and thermal reed sensors are used in automobiles as safety cut-outs which are the factors which assist market growth.
200 V segment holds the largest market share
MARKET DYNAMICS:
Growth Drivers
- Increasing EV Charging Stations is Expected to Boost the Growth of the Market
- Rising Demand for New Technology is Expected to Boost the Market Growth
Low Current Rating Might Hamper the Market Growth
REED RELAY MARKET_KEY PLAYERS COVERED:
- STG GmbH
- Reed Relays and Electronics India Limited
- Coto Technology
- Hong Kong Aleph Co. Ltd.
- OMRON Corporation
- Comus International
- PIC (Proximity Instrumentation Controls) GmbH
- Littelfuse Inc.
- PIT-RADWAR SA
- Celduc Relais
- Thomas White (Leicester) Limited
- Ryazan Metal Ceramics Instrumentation Plant JSC
- Other Prominent Players
Reed Relay market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe market has accounted for the largest market share in 2021. Asia Pacific region is expected to dominate largest market share during the forecast period owing to the expansion of the automotive industries and the rising demand for both electric cars and vehicles which will boost the market share. Due to the rising pollution, several initiatives are taken by the government for investing in environment friendly electric vehicles by offering financial support to EV buyers and by providing the required infrastructure to charge vehicles which is estimated to drive the market share.
Reed Relay Market Segments:
By Type
- SIL Package
- DIP Package
- Other
- Security Systems
- Telecom Equipment
- Process Control Systems
- Automatic Test Equipment
- Electronic Instrumentation
- 200 V
- 200 V-500 V
- 500 V-1 kV
- 1 kV-7.5 kV
- 7.5 kV-10 kV
- Above 10 kV
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
1 EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Reed Relay Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Reed Relay Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 REED RELAY MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 REED RELAY MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 REED RELAY MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Reed Relay in Single-In-Line [SIL] Package
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Reed Relay in Dual-In-Line [DIP] Package
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Other
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Application
11.3.2.1. Security Systems
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Telecom Equipment
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Process Control Systems
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Automatic Test Equipment
11.3.2.4.1. By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.5. Electronic Instrumentation
11.3.2.5.1. By Value (USD Million) 2022-2032F
11.3.2.5.2. Market Share (%) 2022-2032F
11.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Voltage
11.3.3.1. 200 V
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. 200 V-500 V
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. 500 V-1 kV
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. 1 kV-7.5 kV
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.5. 7.5 kV-10 kV
11.3.3.5.1. By Value (USD Million) 2022-2032F
11.3.3.5.2. Market Share (%) 2022-2032F
11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.6. Above 10 kV
11.3.3.6.1. By Value (USD Million) 2022-2032F
11.3.3.6.2. Market Share (%) 2022-2032F
11.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Application
12.3.3. By Voltage
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE REED RELAY MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Application
13.3.3. By Voltage
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Application
14.3.3. By Voltage
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Application
15.3.3. By Voltage
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Application
16.3.3. By Voltage
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. STG GmbH
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Reed Relays and Electronics India Limited
18.3. Coto Technology
18.4. Hong Kong Aleph Co. Ltd.
18.5. OMRON Corporation
18.6. Comus International
18.7. PIC (Proximity Instrumentation Controls) GmbH
18.8. Littelfuse Inc.
18.9. PIT-RADWAR SA
18.10. Celduc Relais
18.11. Thomas White (Leicester) Limited
18.12. Ryazan Metal Ceramics Instrumentation Plant JSC
18.13. Other prominent players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Reed Relay Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Reed Relay Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 REED RELAY MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 REED RELAY MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 REED RELAY MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Reed Relay in Single-In-Line [SIL] Package
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Reed Relay in Dual-In-Line [DIP] Package
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Other
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By Application
11.3.2.1. Security Systems
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Telecom Equipment
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Process Control Systems
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.4. Automatic Test Equipment
11.3.2.4.1. By Value (USD Million) 2022-2032F
11.3.2.4.2. Market Share (%) 2022-2032F
11.3.2.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.5. Electronic Instrumentation
11.3.2.5.1. By Value (USD Million) 2022-2032F
11.3.2.5.2. Market Share (%) 2022-2032F
11.3.2.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.3. By Voltage
11.3.3.1. 200 V
11.3.3.1.1. By Value (USD Million) 2022-2032F
11.3.3.1.2. Market Share (%) 2022-2032F
11.3.3.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.2. 200 V-500 V
11.3.3.2.1. By Value (USD Million) 2022-2032F
11.3.3.2.2. Market Share (%) 2022-2032F
11.3.3.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.3. 500 V-1 kV
11.3.3.3.1. By Value (USD Million) 2022-2032F
11.3.3.3.2. Market Share (%) 2022-2032F
11.3.3.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.4. 1 kV-7.5 kV
11.3.3.4.1. By Value (USD Million) 2022-2032F
11.3.3.4.2. Market Share (%) 2022-2032F
11.3.3.4.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.5. 7.5 kV-10 kV
11.3.3.5.1. By Value (USD Million) 2022-2032F
11.3.3.5.2. Market Share (%) 2022-2032F
11.3.3.5.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.6. Above 10 kV
11.3.3.6.1. By Value (USD Million) 2022-2032F
11.3.3.6.2. Market Share (%) 2022-2032F
11.3.3.6.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Application
12.3.3. By Voltage
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE REED RELAY MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Application
13.3.3. By Voltage
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Application
14.3.3. By Voltage
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Application
15.3.3. By Voltage
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA REED RELAY MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Application
16.3.3. By Voltage
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. STG GmbH
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Reed Relays and Electronics India Limited
18.3. Coto Technology
18.4. Hong Kong Aleph Co. Ltd.
18.5. OMRON Corporation
18.6. Comus International
18.7. PIC (Proximity Instrumentation Controls) GmbH
18.8. Littelfuse Inc.
18.9. PIT-RADWAR SA
18.10. Celduc Relais
18.11. Thomas White (Leicester) Limited
18.12. Ryazan Metal Ceramics Instrumentation Plant JSC
18.13. Other prominent players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
