Europe Surface Mount Reed Relays Market

Europe Surface Mount Reed Relays Market Size, Share & Industry Trends Analysis Report By End User (Telecommunications, Automotive Electronics, Industrial Automation, Healthcare, Aerospace & Defense), By Coil Voltage, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-14708 Publication Date: March-2023 Number of Pages: 74
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Market Report Description

The Europe Surface Mount Reed Relays Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).

Some design engineers believe that the most effective way to address position-sensing issues in low-power metering applications, such as water and gas meters, is using cutting-edge technologies. For their sensitivity, toughness, and dependability, they could opt for Hall Effect or solid-state magnetoresistive (MR) sensors, the newest and best technology. While these cutting-edge technologies have certain advantages, they are nothing compared to the reed switch technology's well-established advantages. Reed relays have been employed for battery-operated, low-power applications for a long time.

Reed relays are a tried-and-true technology with a lengthy history. Its employment across many electronic applications has been significantly aided by its hermetically sealed connections. These deliver trustworthy data without physical contact, including in challenging situations with dirt, vibration, dampness, gas, and oil. Because of their durability and dependability, these are well-liked options for many demanding applications, including automobile safety items, security, utility metering, white goods/appliances, and consumer electronics.

Battery electric vehicles accounted for more than 25% of all new cars sold in the UK in December 2021. The decarbonization of the transportation system in the UK is accelerating at an astonishing rate, making it the region leading this revolution. However, a first-rate charging infrastructure is required to provide net zero transportation on the road. Because of the rising standardization of connectors, most EVs in the UK may currently be charged anywhere at the outlet on the public network. Hence, because of the region's robust automotive industry, more EVs will be produced, which will help the surface mount reed relays market to grow in the region.

The Germany market dominated the Europe Surface Mount Reed Relays Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $37,441.8 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 4.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.6% during (2022 - 2028).

Based on End User, the market is segmented into Telecommunications, Automotive Electronics, Industrial Automation, Healthcare, Aerospace & Defense and Others. Based on Coil Voltage, the market is segmented into 24 Volt, 6 Volt to 12 Volt and 3 Volt to 5 Volt. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Surface Mount Reed Relays Market will Hit $476.1 Million by 2028, at a CAGR of 6.3%

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.

Scope of the Study

Market Segments Covered in the Report:

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 Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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
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