A reed sensor is a hermetically sealed electromagnetic sensor operated by an applied magnetic field generated by either a permanent magnet or current-carrying coil. Reed sensors are used for sensing and detecting movement, proximity, metal detection, and liquid level and flow measurement. It consists of 2 or more metal reed contacts (blades) that are hermetically sealed inside a glass capsule containing inert gas to prevent the activation of contacts. The contacts can be normally open, which closes in the presence of magnetic field, and normally closed, which opens when a magnetic field is applied.
Market Analysis and Insights: Global Reed Sensors Market
Due to the COVID-19 pandemic, the global Reed Sensors market size is estimated to be worth US$ 2034 million in 2022 and is forecast to a readjusted size of US$ 2765 million by 2028 with a CAGR of 5.3% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Form A accounting for % of the Reed Sensors global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Reed Relays segment is altered to an % CAGR throughout this forecast period.
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 Reed Sensors. 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%).
Global Reed Sensors Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Reed Sensors Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Form A
Form B
Form C
Others
Segment by Application
Reed Relays
Magnetic Sensors
Others
By Company
Oki
Littelfuse (Hamlin)
Standex
RMCIP
Nippon Aleph
HSI Sensing
Coto
PIT-RADWAR
PIC
STG
Harbin Electric Group
Zhejiang Xurui
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina