City of Industry, CA -- (SBWire) -- 07/03/2018 --This report studies the global Magnetic Reed Switch industry status, China market entry and growth opportunity, focuses on the Chinese local and International manufacturers, analyzes the China market competition landscape, market size (value and volume), opportunity and challenge, risk and entry barriers.
This report studies the Magnetic Reed Switch market. 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.
Demand is driven by demographics and the health of the economy. The profitability of individual companies depends on their ability to bid accurately, secure contracts, and control costs. Large companies enjoy economies of scale in financing and the ability to offer a broad range of services in many locations. Smaller companies can compete effectively by specializing in particular services or focusing on certain geography. The industry is fragmented.
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Despite fierce competition, due to the global recovery trend, investors are still optimistic about this area; more new investment will enter into this field in future.
The global Magnetic Reed Switch market is valued at 270 million USD in 2017 and is expected to reach 660 million USD by the end of 2025, growing at a CAGR of 12.0% between 2018 and 2025.
This research report categorizes the China and global Magnetic Reed Switch market by type, end-use industry, and region.
International Manufacturers Covered
Oki
Littelfuse (Hamlin)
Standex
RMCIP
Nippon Aleph
HSI Sensing
Coto
PIT-RADWAR
PIC
STG
China Local Manufacturers Covered
Harbin Electric Group
Zhejiang Xurui
...
By Type
Form A
Form B
Form C
Other
By Application
Reed Relays
Magnetic Sensors
Other
By Region
United States
Europe
Japan
Korea
Taiwan
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Magnetic Reed Switch Market Size, Share, Development by 2025 - QY Research, Inc.
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