Market Definition: Reed Sensor Market
The Global Reed Sensor Market is expected to reach USD 2.9 million by 2025 from USD 1.7 million in 2017 and is projected to grow at a CAGR of 8.9% in the forecast period of 2019 to 2026.
Reed sensor is defined as an electromagnetic switch. It open and close their reed switch contacts in presence of a magnetic field. It is used to control the flow of electricity in a circuit. It contains two or more ferrous reeds encased within a small glass tube-like envelope. It can be magnetised and move together or separate when a magnetic field is moved towards the switch. The reed sensor can also work with no physical connection to any phone company since they function virtually.
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Major Market Drivers & Restraints are as follows:
- Use of Reed Sensors in Automotive Industry
- Reed Sensor applications in home appliances, HVAC, and smart meters.
- Benefit of low operating power and capable of working in harsh environments.
- Size of reed sensors.
Key Market Competitors: Reed Sensor Market
Few of the major competitors are Littelfuse, HSI Sensing, Ryazan Metal Ceramics Instrumentation Plant JSC (RMCIP), Standex-Meder Electronics, PIC GmbH, Coto Technology, Pickering Electronics,Aleph America, Stg Germany GmbH, Zhejiang Xurui Electronic Magnasphere, Nte Electronics, Multice Group, Zf Electronics Tvs, Kemet, Reed Switch Developments Corp., Yaskawa Electric Corporation, Soway Tech Limited, Hnc Group and Bernstein Ag and many more.
Major Topics Covered in this Report:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
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The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
Market Segmentation: Reed Sensor Market
- The market is segmented based on Contact Position, type, application and geographical segments.
- Based on Contact Position, the market is segmented into Form A, Form B, Form C and Others.
- Based on Type, the market is segmented into dry-reed sensor and mercury-wetted reed sensor.
- Based on application, the market is segmented into automotive & transportation, consumer electronics & appliances, robotics & automation, telecommunications, healthcare, safety & security, construction and others.
- Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The global reed sensor market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of reed sensor market for global, Europe, North America, Asia Pacific and South America. Littelfuse provide operated reed switches a widest selection of magnetically. Reed switches are available in bare glass or overmolded packages with a variety of mechanical, electrical and magnetic characteristics.
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