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Reed switches are electrical switches that use a magnetic field to function. They’re employed in a wide range of situations. In the next years, technological developments in sensor and switch technologies will offer up new opportunities for this industry.
The market is also being driven by rising demand for sophisticated switch sensor technology in a range of industries, including medical, aerospace & military, security, telecommunications, transportation, and utilities. Reed switches are used in various industries for a variety of purposes, including movement detection, metal detection, proximity sensing, liquid level monitoring, and flow measuring. These switches have a low power consumption and are available in a variety of sizes and power levels up to 100W, making them appropriate for a wide range of battery-powered applications. Because of their simple design and inexpensive cost, electrical equipment manufacturers regularly use these switches.
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As smart houses become more popular as a result of the constantly developing industrial sector, demand for reed switches is expected to increase. Reed switches are also used in industrial facilities for liquid flow, equipment ignition systems, visual signalling, level monitoring, and other applications, fuelling market growth.
Reed switches are extensively used in robotics and automation. As a result of the COVID-19 epidemic, manufacturing firms are turning to robots and automation, which will drive demand for reed switch devices in the near future.
The type segment of the market is divided into Form A (SPST) (Single Pole Single Throw), Form B (SPST) (Single Pole Single Throw), Form C (SPDT) (Single Pole Double Throw), and latch type.
In the reed switch market, the Form A sector had the highest share. Form A sensors are widely used because of their potential to produce more compact portable devices. This is owing to the fact that they are smaller than other switching technologies.
Relay application, position sensing, temperature sensing, pulse sensing, and others are the many types of applications in the market. The position sensing category has the greatest proportion of the market. The lengthy lifespan of the position sensor segment, as well as enhanced technology, are driving its growth. In addition, the position sensing segment is growing as high-tech electronics and automation become more common in the electronics industry, as well as the rising complexity of car circuits in electric vehicles.
Electronics & communications, consumer durables, automotive, construction & security, robotics & automation, maritime & weather, internet of things (IoT), and others are the end use segments of the market. The automobile industry has the greatest proportion of the market. The rising demand for electric cars throughout the world has created room for growth in the market. In electric car chargers, reed switches are used to shorten the length of time it takes to charge the vehicle.
North America, Europe, Asia Pacific, Middle East and Africa, and South America are the five primary areas in the reed switch market. The Asia Pacific region is likely to dominate the industry. The market is likely to profit from the growth of the automotive sector in India, China, and Japan. Market expansion in the region will be fueled by rising demand for passenger and commercial cars, as well as a high penetration of the switch system.
Recent Developments in the Market
Comus International (US) released the RI-80 SMDM line of surface-mount reed switches in March 2021. May 2020 – RMCIP (Russia) introduced moulded micro reed switches for A-10110MS surface installation, which are bundled in continuous tape for automated treatment during mounting. Renco Electronics, a privately held company, was bought by Standex International Corporation (US) in July 2020. During the first year of ownership, the transaction is projected to be accretive to profits and additive to aggregated free cash flow.
Major companies operating in the global market include STG GmbH (Germany), OMRON Corporation (Japan), SMC Corporation (U.S.), Littelfuse Inc. (U.S.), Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP) (Russia), HSI Sensing (U.S.), Reed Relays and Electronics India Limited (India), Comus International (U.S.), Hong Kong Aleph Co. Ltd. (China), The STG Germany GMBH (Germany), Thomas White (Leicester) Limited (U.K.), Coto Technology (U.S.), PIC (Proximity Instrumentation Controls) GmbH (Germany), PIT-RADWAR SA (Poland), Celduc Relais (France).
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