Global 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 Regional Outlook and Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Surface Mount Reed Relays Market
Market Report Description
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 their main 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 relay controls 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 single reed 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 low current 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 relays was impacted by the government-enforced lockdowns and the adoption of social distance laws. Every industry was impacted 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.
|Market size value in 2021||USD 313.5 Million|
|Market size forecast in 2028||USD 476.1 Million|
|Historical Period||2018 to 2020|
|Forecast Period||2022 to 2028|
|Revenue Growth Rate||CAGR of 6.3% from 2022 to 2028|
|Number of Pages||176|
|Number of Table||290|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Coil Voltage, End User, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
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.
Free Valuable Insights: Global Surface Mount Reed Relays Market size to reach USD 476.1 Million by 2028
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
Market Segments Covered in the Report:
By End User
- Automotive Electronics
- Industrial Automation
- Aerospace & Defense
By Coil Voltage
- 24 Volt
- 6 Volt to 12 Volt
- 3 Volt to 5 Volt
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- 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
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North America Surface Mount Reed Relays Market Report 2022-2028
Europe Surface Mount Reed Relays Market Report 2022-2028
Asia Pacific Surface Mount Reed Relays Market Report 2022-2028
How valuable will the Surface Mount Reed Relays Market be in the future?
The global Surface Mount Reed Relays Market size is expected to reach $476.1 Million by 2028.
What are the key driving factors and challenges in the Surface Mount Reed Relays Market?
Expedited deployment of renewable energy generation systems worldwide are driving the market in coming years, however, Low current rating in comparison to solid state relay (SSR) and electromagnetic relay (EMR) restraints the growth of the market.
What are the major top companies in the competitive landscape?
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.
Which segment is leading the market in 2021?
The Telecommunications segment is leading the Global Surface Mount Reed Relays Market by End User in 2021 thereby, achieving a market value of $156.1 Million by 2028.
Which region dominated the Surface Mount Reed Relays Market in 2021?
The Europe market dominated the Global Surface Mount Reed Relays Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $161.3 Million by 2028.