Los Angeles, CA -- (SBWIRE) -- 12/31/2018 -- 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.

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The main market players are OKI, Littelfuse, RMCIP, Standex-Meder, Nippon Aleph, HIS Sensing, Coto, PIT-RADWAR, PIC, STG, Harbin Electric Group, Zhejiang Xurui Company and etc.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Magnetic Reed Switch. Europe also plays important roles in global market, with market size of 39 million USD in 2017 and has a market share about 14.5%. The Asia-Pacific will occupy for more market share in following years, especially in Japan (with a revenue market share 30.7%) and China (with a revenue market share 16.3%).

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.

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 Magnetic Reed Switch market was valued at 270 Million US$ in 2017 and is projected to reach 680 Million US$ by 2025, at a CAGR of 12.2% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Magnetic Reed Switch.

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The following manufacturers are covered in this report:

Oki

Littelfuse (Hamlin)

Standex

RMCIP

Nippon Aleph

HSI Sensing

Coto

PIT-RADWAR

PIC

STG

Harbin Electric Group

Zhejiang Xurui

Magnetic Reed Switch Breakdown Data by Type

Form A

Form B

Form C

Other

Magnetic Reed Switch Breakdown Data by Application

Reed Relays

Magnetic Sensors

Other

Magnetic Reed Switch Production by Region

United States

Europe

China

Japan

South Korea

Other Regions

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The study objectives are:

To analyze and research the global Magnetic Reed Switch status and future forecast?involving, production, revenue, consumption, historical and forecast.

To present the key Magnetic Reed Switch manufacturers, production, revenue, market share, and recent development.

To split the breakdown data by regions, type, manufacturers and applications.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Magnetic Reed Switch :

History Year: 2013 - 2017

Base Year: 2017

Estimated Year: 2018

Forecast Year: 2018 - 2025