Global Reed Relay Market Insights Forecasts to 2033

• The Global Reed Relay Market Size was Valued at USD 432.4 Million in 2023
• The Market Size is Growing at a CAGR of 14.20% from 2023 to 2033
• The Worldwide Reed Relay Market Size is Expected to Reach USD 1631.6 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Reed Relay Market Size is Anticipated to Exceed USD 1631.6 Million by 2033, Growing at a CAGR of 14.20% from 2023 to 2033.

Market Overview

A reed relay is a kind of relay that regulates one or more reed switches using an electromagnet. The electromagnet moves the magnetically-made contacts directly, without the need for an armature. The contacts are kept in a long, thin glass tube, which protects them from corrosion. One bobbin can hold many reed switches that can be activated simultaneously. Although switch bounce is still present, reed relays switch more quickly than armature-based relays because their moving components are lighter and smaller. They also have a reduced contact capacitance and require less power to function. With the appropriate contact materials, they can be utilized for "dry" switching applications despite their limited handling capability at the moment. They have a lengthy lifespan since they are mechanically simple. Reed relays find new uses outside of the telephone industry, such as in automatic test equipment and electrical instruments, because of their hermetic seal, short working period, and extremely steady contact performance. In RF and microwave switching applications, reed relays have several applications. Because of their extremely low leakage current, they are also used in photomultiplier detectors and other circuits that handle extremely low currents. Because reed switches can withstand several kilovolts, they are still used as high-voltage relays instead of more costly sulfur hexafluoride or vacuum relays.

Report Coverage

This research report categorizes the market for the reed relay market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global reed relay market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the reed relay market.

Driving Factors

Rapid technological advancements have increased reed relay capabilities, which is driving the market's rapid growth. As a result, the market is expanding because of the development of relays with increased reliability and efficiency brought about by the use of novel materials and engineering techniques. Furthermore, the development of advanced manufacturing processes that make it possible to produce reed relays that meet incredibly precise and sophisticated criteria is positively influencing the market's growth. A new generation of reed relays that apply to a broad variety of products and services has been generated by rapid developments including surface mounting technology and improvements in magnetic materials, which are also contributing to the market's expansion. Reed relays are useful because they are small and may be designed for micro applications without sacrificing performance. This makes them appropriate for applications where space is at a premium, such as wearable technology, medical tools that are tiny, and mobile gadgets. Aside from this, producers are always coming up with innovative ways to make reed relays smaller without sacrificing or even enhancing their functionality.

Restraining Factors

EMR and SSR can withstand current surges better, reed relays have a lower current rating than them. This may limit the expansion of the reed relay market. Since solid-state relays operate quicker than reed relays, reed relays may not be suitable for all end applications where faster switching is necessary.  

Market Segmentation

The global reed relay market share is classified into type, voltage, and application.

• The reed relay in single-in-line (SIL) package segment is anticipated to dominate the market during the forecast period.

Based on the type, the global reed relay market is divided into reed relay in single-in-line (SIL) package and reed relay in dual-in-line (DIP) package. Among these, the reed relay in single-in-line (SIL) package segment is anticipated to dominate the market during the forecast period. Pins in a single row are aligned in a single-in-line (SIL) packaging, which makes them more space-efficient. This design saves space and is consistent with the current electronics shrinking trend. It also makes installation on printed circuit boards simpler. Furthermore, reed relay SIL packages provide a cost-effective solution without sacrificing functionality.

• The below 200V segment is anticipated to hold the largest market share during the forecast period.

Based on the voltage, the global reed relay market is divided into below 200V, 200V-500V, 500V-1KV, 1KV-7.5KV, 7.5KV-10KV, and above 10KV. Among these, the below 200V segment is anticipated to hold the largest market share during the forecast period. Low-voltage reed relays are utilized in commercial and industrial applications. The usual rating of low-voltage reed relays is 110-200V. Reed relays in this voltage rating range are appropriate for instrumentation, automated test equipment, and telecommunication applications.

• The automotive segment is anticipated to hold the greatest share of the market during the forecast period.

Based on the application, the global reed relay market is divided into industrial, household appliances, test & measurement, mining, automotive, EV, medical, and renewables. Among these, the automotive segment is anticipated to hold the greatest share of the market during the forecast period. Reed switches are used in the automotive industry for thermal reed sensors to prevent overheating and for signal switching using reed relays. Minimal reed relays that can switch heavy loads are used in car climate control circuits to turn on and off the heater and air conditioning circuits.

Regional Segment Analysis of the Global Reed Relay Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the global reed relay market over the predicted timeframe.

 Europe is anticipated to hold the largest share of the global reed relay market over the predicted timeframe. Countries are switching from traditional fuels like coal to natural gas, shale gas, and renewable energy sources as their main energy sources for power generation as a result of the European Union's strict environmental regulations. The market for reed relays is anticipated to be driven by rising investments in renewable energy, as well as by the construction of new power plants, the renovation of old ones, the high demand for cars and home appliances, and the installation of new transmission and distribution infrastructure in the region. Reed relays are widely used in Europe's well-established automotive, telecommunications, and electronics industries for a variety of purposes. The region is renowned for its technical innovation and skill as well, which creates a favorable atmosphere for the creation of cutting-edge reed relay systems. Furthermore, European producers are known across the world for creating premium parts, such as reed relays, which strengthens their position as market leaders.

Asia Pacific is expected to grow at the fastest pace in the global reed relay market during the forecast period. The growth of the automotive industry in China, India, and Japan is expected to benefit the market. Rising demand for both passenger and commercial vehicles, together with a high switch system penetration rate, is driving market development in the region. Owing to the increasing pollution levels in the region, governments are making significant investments to boost demand for eco-friendly electric vehicles by giving EV buyers financial incentives and setting up the infrastructure they need to charge their cars while driving long distances.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global reed relay market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ABB
• Standex Electronics Inc.
• Siemens
• Schneider Electric
• TE Connectivity
• COTO Technology
• Pickering Electronic LTD
• General Electric
• Towards Relays
• Magnecraft
• American Relays
• Aleph
• Cynergy3/Sensata Technology
• Sanyu Electric, Inc.
• Comus
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2022, the PowerTech Converter business was bought by ABB from RADIAL Capital Partners, PTC, a German-based corporation. As a consequence of the purchase, ABB has become more prominent in the rail sector and is in a better position to take advantage of development prospects presented by the growing industry's need for environmentally friendly transportation options.

• In January 2022, one of the top manufacturers of relay technology, Phoenix Contact Group, was purchased by TE Connectivity from Germany. With this purchase, TE has added a single pole, force-guided solution to its broad range of relays for rail, elevator, and industrial automation applications. The purchase helps TE Connectivity provide current safety technology and miniaturized solutions to end-user applications including robotic control, programmable logic control, elevators, and many more. It also helps TE Connectivity manufacture and sell NSR element relays.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global reed relay market based on the below-mentioned segments: 

Global Reed Relay Market, By Type

• Reed Relay in Single-In-Line (SIL) Package
• Reed Relay in Dual-In-Line (DIP) Package

Global Reed Relay Market, By Voltage

• Below 200V
• 200V-500V
• 500V-1KV
• 1KV-7.5 KV
• 7.5KV-10KV
• Above 10KV

Global Reed Relay Market, By Application

• Industrial
• Household Appliances
• Test & Measurement
• Mining
• Automotive
• EV
• Medical
• Renewables

Global Reed Relay Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa