Global Reed Relay Market Overview:
A reed relay, a thin plate made of magnetic material functions as contacts, magnetic system, and springs at the same time. One end of this plate is fixed, while the other end is covered with some electroconductive material and can move freely under the effect of an external magnetic field. The free ends of these two plates, directed towards each other, are overlaped for from 0.2 to 2 mm and form a basis for a new type of a switching device.
Growth Drivers
- Increase Number of Electronics Products Boost the Reed Switch
- Rapid Demand of Digitalization and Urbanization Expected to Grow
Roadblocks
- High Cost Associated with Reed Relay Device
- Lack of Awareness among the Customers
Opportunities
- Technological Advancements such as Ferromagnetic Reeds
- Upsurge Demand of Reed Relay Devices in Different End User Industries
Challenges
- Fluctuation in the Prices of Raw Materials
Competitive Landscape:
Some of the key players profiled in the report are DARE Electronics, Inc. (United States), TE Connectivity Ltd. (Switzerland), Eaton Corporation (Ireland), Hitachi, Ltd. (Japan), Siemens AG (Germany), General Electric (United States), ABB Ltd. (Switzerland), Standex Electronics (United States), Littelfuse (United States), Coto Technology (United States), Schneider Electric (France) and Amphenol FCI (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Reed Relay market by 2026. Considering Market by Package Type, the sub-segment i.e. Dial In-Line Package (DIP) will boost the Reed Relay market. Considering Market by Voltage, the sub-segment i.e. High will boost the Reed Relay market.
In January, 2019 - DARE announces a line of 4-pole double throw hermetically sealed relays. Originally designed as a replacement for a Struthers Dunn FC-400 series part.
What Can be Explored with the Reed Relay Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Reed Relay Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Reed Relay
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Reed Relay market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Reed Relay market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Reed Relay, Suppliers of Reed Relay, Wholesalers, Distributors and Retailers of Reed Relay, Electronic Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.