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Surface Mount Reed Relays Market Size, Share & Industry Trends Analysis Report by End User, Coil Voltage, Regional Outlook and Forecast, 2022-2028

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    Report

  • 176 Pages
  • March 2023
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5778788
The Global Surface Mount Reed Relays Market size is expected to reach $476.1 Million by 2028, rising at a market growth of 6.3% CAGR during the forecast period.

Electrical relays, known as surface mount reed relays, use reed switches housed in compact, sealed packages that can be attached directly to printed circuit boards (PCB). They are frequently utilized in electronic devices that need to be very reliable and have minimal power consumption, such as industrial control systems, medical equipment, and telecommunications equipment. Small surface mount reed relays frequently have high insulation resistance, low contact resistance,and fast switching speeds.



They are made to switch low-level signals as well as currents, typically in the milliamp range or less. The small size of surface mount reed relays is one of theirmain benefits, which makes it simple to incorporate them into PCBs with a high density of components. Moreover, they have low power consumption, great sensitivity, and excellent reliability, which makes them perfect to be utilized in applications with little space or where dependability is crucial. For switching signals, surface mount reed relays are intended to offer a low-profile, low-power alternative.

They are frequently employed in applications like portable gadgets or battery-operated equipment, where the room is limited, and power consumption must be kept to a minimum. A reed relaycontrols one or more reed switches with an electromagnet. Due to the magnetic nature of the contacts, the electromagnet may move them without an armature. By being enclosed in a long, slender glass tube, the contacts are protected from corrosion.

There may be more than one reed switch in the glass tube, or more than a singlereed switch may be inserted into a single bobbin and turned on simultaneously. Reed switch consumes less power and has a lower contact capacitance. When utilized with the appropriate contact materials, despite having a lowcurrent throughput, they are useful for 'dry'switching applications. In addition, they are mechanically simple, which encourages dependability and a long lifespan.

COVID-19 Impact Analysis

The COVID-19 pandemic had a profound impact on the marketplace. The demand for surface mount reed relayswas impacted by the government-enforced lockdownsand the adoption of social distance laws. Every industry wasimpacted by the COVID-19 pandemic, including aerospace and defense, financial services and insurance, IT, A&T, chemical and materials, consumer products, energy & power, retail & eCommerce,pharmaceuticals, and packaging sectors. Since reed relays are used indirectly in many of these industries, the pandemic's negative effect substantially hampered the market's growth as well.

Market Growth Factors

Rising demand for sophisticated reed switch sensor technologies

Reed switches are also used for tasks such as temperature sensing, position sensing, pulse sensing, etc. In recent years, the utilization of reed sensors in position sensing activities has increased their technological advancement. Furthermore, the usage of high-tech electronics and devices, automation in the electronics industry, as well as the sophistication of automotive circuits in automobiles, make use of position-sensing reed sensors and thus contribute to the higher utilization of reed relays. Therefore, the increasing technological advancement of reed relays has increased their use across sectors, propelling the growth of the surface mount reed relays market.

Expedited deployment of renewable energy generation systems worldwide

The development of wind turbines and solar panels has increased in many countries to increase the reliance on the sun and wind energies. Renewable energy expansion is aided by ongoing support from more than 130 governments, aggressive net-zero objectives set by countries with 90% of the worldwide GDP, and rising wind and solar energy competitiveness. Also, the acceptance of renewable energy is speeding up as more firms sign contracts for renewable electricity, more countries hold higher volumes of auctions, and consumers continue to install numerous solar panels.

Market Restraining Factor

Low current rating in comparison to solid state relay (SSR) and electromagnetic relay (EMR)

The number of operations in a lifetime might range from thousands to billions, depending on the electrical load. Higher current loads, therefore, are not sustained by the reed relays for longer periods. In addition, reed sensors are used less frequently across various industries, and concerns with breakage during installation of reed relays in the automotive industry and the need for a larger initial capital expenditure are some of the barriers preventing the market's expansion. Therefore, all these aforementioned factors may hamper the growth of the surface mount reed relays market in the coming years.

Coil Voltage Outlook

Based on coil voltage, the surface mount reed relays market is categorized into 6 Volt to 12 Volt, 24 Volt, and 3 Volt to 5 Volt. The 24-volt segment garnered the highest revenue share in the surface mount reed relays market in 2021. On 24V DC, various devices such as PLCs, HMIs, flow meters, valves, switches, energy monitors, and lights operate. Most hardware designers go with 24V DC rather than AC for various reasons. Standardization and temperature regulation are two of the major contributing aspects of this volt segment. Devices that operate on 24V DC contribute to the process of standardizing the device across nations.

End-user Outlook

On the basis of end user, the surface mount reed relays market is divided into telecommunications, healthcare, automotive electronics, aerospace & defense, industrial automation, and others. The automotive electronics segment recorded a significant revenue share in the surface mount reed relays market in 2021. Reed switches are used in the automobile sector for thermal reed sensors, and reed relays for signal switching and overheat protection. The heater and AC circuits of automotive climate control circuits are turned on and off using tiny reed relays, which can switch heavy loads. These are also used for overload prevention and safety, as well as to regulate turn signals.



Regional Outlook

Based on region, the surface mount reed relays market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered the highest revenue share in the surface mount reed relays market in 2021. Europe accounted for a significant proportion of world energy use in 2021. Countries in this region are converting from conventional fuels like coal to shale gas, natural gas, and renewable energy sources as their principal energy sources for power generation due to the strict environmental rules enacted by the European Union. Similarly, the telecommunication and automobile sectors are expanding rapidly.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Yageo Corporation (KEMET Corporation), Sensata Technologies Holdings PLC, Standex International Corporation, Comus International, Hamilton Electronics Pvt. Ltd., Misensor Tech Co., Ltd., Hasco Relays and Electronics International Corp., Pickering Electronics Limited (Pickering Group Ltd), and Reed Relays and Electronics India Limited.

Recent Strategies Deployed in Surface Mount Reed Relays Market

  • Feb-2023: Omron Electronic released two new G3VM-401 and G3VM-601 in its range of MOSFET relays. The G3VM-401 and G3VM-601 can withstand temperatures of up to 110°C. The new products offer a high dielectric strength of 5,000V rms AC.
  • Oct-2022: Comus International entered into an agreement with Farnell, an Avnet Company, and distributors of electronic components. The agreement is signed for distribution of Comus International's surface mount reed switch to the customers across the world.
  • May-2022: OMRON Corporation revealed G9KB, a high-voltage DC reed relay, for high-capacity household electricity storage systems. The new G9KB safely shut down the direct current that have been increasing in capacity. The launch is aimed at downsizing and weight reduction of the customer’s products.
  • May-2021: Standex Electronics took over American Relays, Inc., manufacturer of specialty Reed Relays. The acquisition would strengthen the company's position in North American relay market as now it would be able to provide a wider range of relay product to American customers.
  • Dec-2020: Pickering Electronics came into partnership with Wiselink, an electronic components distributor. Through this partnership, Wiselink would distributes Pickering's product in various important regions and enable the company to expand its customer base.
  • Jun-2020: Comus International revelad its new 3570-14xx series product line of Mini SIP reed relays. The Comus 3570-14xx series reed relay features a 40% smaller footprint than standard SIP reed relays which include 1A as well as 2A contact forms, making them the perfect fit for high-density test matrices. Additionally, the new products provide 10^12 Ω insulation resistance that delivers accurate test measurement results and better performance.
  • Jun-2018: Pickering Electronic unveiled Series 124, industry’s smallest reed relay. The new 124 series feature a sputtered ruthenium switch rated at 5 watts, 0.5 amps and it covers only 4mm x 4mm boar area that enables the highest packing density possible.

Scope of the Study

By End-user

  • Telecommunications
  • Automotive Electronics
  • Industrial Automation
  • Healthcare
  • Aerospace & Defense
  • Others

By Coil Voltage

  • 24 Volt
  • 6 Volt to 12 Volt
  • 3 Volt to 5 Volt

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Omron Corporation
  • Yageo Corporation (KEMET Corporation)
  • Sensata Technologies Holdings PLC
  • Standex International Corporation
  • Comus International
  • Hamilton Electronics Pvt. Ltd.
  • Misensor Tech Co., Ltd.
  • Hasco Relays and Electronics International Corp.
  • Pickering Electronics Limited (Pickering Group Ltd)
  • Reed Relays and Electronics India Limited

Unique Offerings

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Surface Mount Reed Relays Market, by End-user
1.4.2 Global Surface Mount Reed Relays Market, by Coil Voltage
1.4.3 Global Surface Mount Reed Relays Market, by Geography
1.5 Research Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Surface Mount Reed Relays Market
Chapter 4. Global Surface Mount Reed Relays Market by End-user
4.1 Global Telecommunications Market by Region
4.2 Global Automotive Electronics Market by Region
4.3 Global Industrial Automation Market by Region
4.4 Global Healthcare Market by Region
4.5 Global Aerospace & Defense Market by Region
4.6 Global Others Market by Region
Chapter 5. Global Surface Mount Reed Relays Market by Coil Voltage
5.1 Global 24 Volt Market by Region
5.2 Global 6 Volt to 12 Volt Market by Region
5.3 Global 3 Volt to 5 Volt Market by Region
Chapter 6. Global Surface Mount Reed Relays Market by Region
6.1 North America Surface Mount Reed Relays Market
6.1.1 North America Surface Mount Reed Relays Market by End-user
6.1.1.1 North America Telecommunications Market by Country
6.1.1.2 North America Automotive Electronics Market by Country
6.1.1.3 North America Industrial Automation Market by Country
6.1.1.4 North America Healthcare Market by Country
6.1.1.5 North America Aerospace & Defense Market by Country
6.1.1.6 North America Others Market by Country
6.1.2 North America Surface Mount Reed Relays Market by Coil Voltage
6.1.2.1 North America 24 Volt Market by Country
6.1.2.2 North America 6 Volt to 12 Volt Market by Country
6.1.2.3 North America 3 Volt to 5 Volt Market by Country
6.1.3 North America Surface Mount Reed Relays Market by Country
6.1.3.1 US Surface Mount Reed Relays Market
6.1.3.1.1 US Surface Mount Reed Relays Market by End-user
6.1.3.1.2 US Surface Mount Reed Relays Market by Coil Voltage
6.1.3.2 Canada Surface Mount Reed Relays Market
6.1.3.2.1 Canada Surface Mount Reed Relays Market by End-user
6.1.3.2.2 Canada Surface Mount Reed Relays Market by Coil Voltage
6.1.3.3 Mexico Surface Mount Reed Relays Market
6.1.3.3.1 Mexico Surface Mount Reed Relays Market by End-user
6.1.3.3.2 Mexico Surface Mount Reed Relays Market by Coil Voltage
6.1.3.4 Rest of North America Surface Mount Reed Relays Market
6.1.3.4.1 Rest of North America Surface Mount Reed Relays Market by End-user
6.1.3.4.2 Rest of North America Surface Mount Reed Relays Market by Coil Voltage
6.2 Europe Surface Mount Reed Relays Market
6.2.1 Europe Surface Mount Reed Relays Market by End-user
6.2.1.1 Europe Telecommunications Market by Country
6.2.1.2 Europe Automotive Electronics Market by Country
6.2.1.3 Europe Industrial Automation Market by Country
6.2.1.4 Europe Healthcare Market by Country
6.2.1.5 Europe Aerospace & Defense Market by Country
6.2.1.6 Europe Others Market by Country
6.2.2 Europe Surface Mount Reed Relays Market by Coil Voltage
6.2.2.1 Europe 24 Volt Market by Country
6.2.2.2 Europe 6 Volt to 12 Volt Market by Country
6.2.2.3 Europe 3 Volt to 5 Volt Market by Country
6.2.3 Europe Surface Mount Reed Relays Market by Country
6.2.3.1 Germany Surface Mount Reed Relays Market
6.2.3.1.1 Germany Surface Mount Reed Relays Market by End-user
6.2.3.1.2 Germany Surface Mount Reed Relays Market by Coil Voltage
6.2.3.2 UK Surface Mount Reed Relays Market
6.2.3.2.1 UK Surface Mount Reed Relays Market by End-user
6.2.3.2.2 UK Surface Mount Reed Relays Market by Coil Voltage
6.2.3.3 France Surface Mount Reed Relays Market
6.2.3.3.1 France Surface Mount Reed Relays Market by End-user
6.2.3.3.2 France Surface Mount Reed Relays Market by Coil Voltage
6.2.3.4 Russia Surface Mount Reed Relays Market
6.2.3.4.1 Russia Surface Mount Reed Relays Market by End-user
6.2.3.4.2 Russia Surface Mount Reed Relays Market by Coil Voltage
6.2.3.5 Spain Surface Mount Reed Relays Market
6.2.3.5.1 Spain Surface Mount Reed Relays Market by End-user
6.2.3.5.2 Spain Surface Mount Reed Relays Market by Coil Voltage
6.2.3.6 Italy Surface Mount Reed Relays Market
6.2.3.6.1 Italy Surface Mount Reed Relays Market by End-user
6.2.3.6.2 Italy Surface Mount Reed Relays Market by Coil Voltage
6.2.3.7 Rest of Europe Surface Mount Reed Relays Market
6.2.3.7.1 Rest of Europe Surface Mount Reed Relays Market by End-user
6.2.3.7.2 Rest of Europe Surface Mount Reed Relays Market by Coil Voltage
6.3 Asia Pacific Surface Mount Reed Relays Market
6.3.1 Asia Pacific Surface Mount Reed Relays Market by End-user
6.3.1.1 Asia Pacific Telecommunications Market by Country
6.3.1.2 Asia Pacific Automotive Electronics Market by Country
6.3.1.3 Asia Pacific Industrial Automation Market by Country
6.3.1.4 Asia Pacific Healthcare Market by Country
6.3.1.5 Asia Pacific Aerospace & Defense Market by Country
6.3.1.6 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Surface Mount Reed Relays Market by Coil Voltage
6.3.2.1 Asia Pacific 24 Volt Market by Country
6.3.2.2 Asia Pacific 6 Volt to 12 Volt Market by Country
6.3.2.3 Asia Pacific 3 Volt to 5 Volt Market by Country
6.3.3 Asia Pacific Surface Mount Reed Relays Market by Country
6.3.3.1 China Surface Mount Reed Relays Market
6.3.3.1.1 China Surface Mount Reed Relays Market by End-user
6.3.3.1.2 China Surface Mount Reed Relays Market by Coil Voltage
6.3.3.2 Japan Surface Mount Reed Relays Market
6.3.3.2.1 Japan Surface Mount Reed Relays Market by End-user
6.3.3.2.2 Japan Surface Mount Reed Relays Market by Coil Voltage
6.3.3.3 India Surface Mount Reed Relays Market
6.3.3.3.1 India Surface Mount Reed Relays Market by End-user
6.3.3.3.2 India Surface Mount Reed Relays Market by Coil Voltage
6.3.3.4 South Korea Surface Mount Reed Relays Market
6.3.3.4.1 South Korea Surface Mount Reed Relays Market by End-user
6.3.3.4.2 South Korea Surface Mount Reed Relays Market by Coil Voltage
6.3.3.5 Singapore Surface Mount Reed Relays Market
6.3.3.5.1 Singapore Surface Mount Reed Relays Market by End-user
6.3.3.5.2 Singapore Surface Mount Reed Relays Market by Coil Voltage
6.3.3.6 Malaysia Surface Mount Reed Relays Market
6.3.3.6.1 Malaysia Surface Mount Reed Relays Market by End-user
6.3.3.6.2 Malaysia Surface Mount Reed Relays Market by Coil Voltage
6.3.3.7 Rest of Asia Pacific Surface Mount Reed Relays Market
6.3.3.7.1 Rest of Asia Pacific Surface Mount Reed Relays Market by End-user
6.3.3.7.2 Rest of Asia Pacific Surface Mount Reed Relays Market by Coil Voltage
6.4 LAMEA Surface Mount Reed Relays Market
6.4.1 LAMEA Surface Mount Reed Relays Market by End-user
6.4.1.1 LAMEA Telecommunications Market by Country
6.4.1.2 LAMEA Automotive Electronics Market by Country
6.4.1.3 LAMEA Industrial Automation Market by Country
6.4.1.4 LAMEA Healthcare Market by Country
6.4.1.5 LAMEA Aerospace & Defense Market by Country
6.4.1.6 LAMEA Others Market by Country
6.4.2 LAMEA Surface Mount Reed Relays Market by Coil Voltage
6.4.2.1 LAMEA 24 Volt Market by Country
6.4.2.2 LAMEA 6 Volt to 12 Volt Market by Country
6.4.2.3 LAMEA 3 Volt to 5 Volt Market by Country
6.4.3 LAMEA Surface Mount Reed Relays Market by Country
6.4.3.1 Brazil Surface Mount Reed Relays Market
6.4.3.1.1 Brazil Surface Mount Reed Relays Market by End-user
6.4.3.1.2 Brazil Surface Mount Reed Relays Market by Coil Voltage
6.4.3.2 Argentina Surface Mount Reed Relays Market
6.4.3.2.1 Argentina Surface Mount Reed Relays Market by End-user
6.4.3.2.2 Argentina Surface Mount Reed Relays Market by Coil Voltage
6.4.3.3 UAE Surface Mount Reed Relays Market
6.4.3.3.1 UAE Surface Mount Reed Relays Market by End-user
6.4.3.3.2 UAE Surface Mount Reed Relays Market by Coil Voltage
6.4.3.4 Saudi Arabia Surface Mount Reed Relays Market
6.4.3.4.1 Saudi Arabia Surface Mount Reed Relays Market by End-user
6.4.3.4.2 Saudi Arabia Surface Mount Reed Relays Market by Coil Voltage
6.4.3.5 South Africa Surface Mount Reed Relays Market
6.4.3.5.1 South Africa Surface Mount Reed Relays Market by End-user
6.4.3.5.2 South Africa Surface Mount Reed Relays Market by Coil Voltage
6.4.3.6 Nigeria Surface Mount Reed Relays Market
6.4.3.6.1 Nigeria Surface Mount Reed Relays Market by End-user
6.4.3.6.2 Nigeria Surface Mount Reed Relays Market by Coil Voltage
6.4.3.7 Rest of LAMEA Surface Mount Reed Relays Market
6.4.3.7.1 Rest of LAMEA Surface Mount Reed Relays Market by End-user
6.4.3.7.2 Rest of LAMEA Surface Mount Reed Relays Market by Coil Voltage
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments
7.1.5.1 Product Launches and Product Expansions
7.1.6 SWOT Analysis
7.2 Yageo Corporation (KEMET Corporation)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional and Segmental Analysis
7.3 Sensata Technologies Holdings PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Standex International Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent Strategies and Developments
7.4.5.1 Acquisition and Mergers
7.5 Comus International
7.5.1 Company Overview
7.5.2 Recent Strategies and Developments
7.5.2.1 Partnerships, Collaborations, and Agreements
7.5.2.2 Product Launches and Product Expansions
7.6 Hamilton Electronics Pvt. Ltd.
7.6.1 Company Overview
7.7 Misensor Tech Co., Ltd.
7.7.1 Company Overview
7.8 Hasco Relays and Electronics International Corp.
7.8.1 Company Overview
7.9 Pickering Electronics Limited (Pickering Group Ltd)
7.9.1 Company Overview
7.9.2 Recent Strategies and Developments
7.9.2.1 Partnerships, Collaborations, and Agreements
7.9.2.2 Product Launches and Product Expansions
7.10. Reed Relays and Electronics India Limited
7.10.1 Company Overview

Companies Mentioned

  • Omron Corporation
  • Yageo Corporation (KEMET Corporation)
  • Sensata Technologies Holdings PLC
  • Standex International Corporation
  • Comus International
  • Hamilton Electronics Pvt. Ltd.
  • Misensor Tech Co., Ltd.
  • Hasco Relays and Electronics International Corp.
  • Pickering Electronics Limited (Pickering Group Ltd)
  • Reed Relays and Electronics India Limited

Methodology

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