Market Overview:
The global thermal reed relay market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal reed relays in security systems, telecom equipment, process control systems, automatic test equipment, and electronic instrumentation applications. North America is expected to lead the global thermal reed relay market during the forecast period owing to the presence of major players in this region and rising demand for thermal reed relays from end-use industries such as automotive and aerospace.
Product Definition:
A thermal reed relay is an electronic switch that uses a pair of magnets to control the flow of electricity. The magnets are positioned so that they are attracted to each other when there is no current passing through the relay, and they repelled from each other when there is current passing through the relay. This creates a 'reed' or metal contact that can be used to turn on or off an electric circuit. Thermal reed relays are often used in applications where it is important to have a reliable switch that can handle high currents without overheating.
Normally Open (H):
normally open is a type of reed relay which has two terminals, normally closed and normally open. The device works as an electrical switch and can be activated or deactivated by the application of voltage between the terminals. It finds its major applications in electric heating systems, such as resistance heating elements or immersion heaters where there is no need for temperature control at the element level but only at system levels (such as building automation).
Normally Closed (D):
Normal closed (D) is normally closed element which means it does not allow flow of current through itself when there is no heat transfer. It can be used in various applications where a normally open element is required to be made thermal resistant. For example, if we take two normal open elements and connect them by a wire then the path for current will be empty and it will appear as if the element are connected alone.
Application Insights:
The telecom equipment segment is projected to witness significant growth over the forecast period. Increasing demand for global thermal reed relay in telecom sector is attributed to its ability to function at very high temperatures. These relays are used in switching and amplification stations of a telephone network, where it functions as an interface between central office switch and customer premises equipment (CPE). The CPE includes modems, routers, gateways and other devices that allow users access the internet or a local network from their homes or businesses.
The transformation segment accounted for more than 15% share of the overall revenue in 2017 owing to its wide applications across security systems, process control systems & automatic test equipment sectors among others. Global transformation products have been witnessing significant growth due largely to growing industrialization along with technological advancements such as digitization & automation across various industries worldwide.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the increasing demand for industrial automation and process control equipment. The growing manufacturing sector in economies including China, India, Japan, and South Korea is expected to drive the regional market. In addition, rising investments by governments in developing countries such as China and India are projected to fuel industry growth over the next eight years.
The European region accounted for a revenue share of 24% in 2017 on account of high demand from end-use industries such as security systems & surveillance equipment; telecoms & IT; transportation & logistics; process control systems; automatic test equipment etc.
North America was one of major regions that accounted for a revenue share greater than 50% owing to high acceptance level towards advanced thermal Reed Relays across various applications due their compact size.
Growth Factors:
- Increasing demand for thermal reed relays in automotive and industrial applications
- Growing demand for miniaturized and high-performance devices
- Rising popularity of smart grids and energy-efficient systems
- Proliferation of Internet of Things (IoT) and connected devices
- Technological advancements in thermal reed relay manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Reed Relay Market Research Report
By Type
Normally Open (H), Normally Closed (D), Transformation (Z)
By Application
Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, Electronic Instrumentation
By Companies
Omron, Schneider Electric, Siemens AG, TE Connectivity Ltd., Panasonic, Pickering Electronics, Standex Electronics, Eaton Corporation, Coto Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Reed Relay Market Report Segments:
The global Thermal Reed Relay market is segmented on the basis of:
Types
Normally Open (H), Normally Closed (D), Transformation (Z)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Security Systems, Telecom Equipment, Process Control Systems, Automatic Test Equipment, Electronic Instrumentation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Omron
- Schneider Electric
- Siemens AG
- TE Connectivity Ltd.
- Panasonic
- Pickering Electronics
- Standex Electronics
- Eaton Corporation
- Coto Technology
Highlights of The Thermal Reed Relay Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Normally Open (H)
- Normally Closed (D)
- Transformation (Z)
- By Application:
- Security Systems
- Telecom Equipment
- Process Control Systems
- Automatic Test Equipment
- Electronic Instrumentation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Reed Relay Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A thermal reed relay is a type of electronic relay that uses heat to activate the contacts. When the temperature reaches a certain level, the relay switches on. This makes it an ideal choice for applications where high reliability and long-term operation are required, such as in industrial control systems or medical devices.
Some of the key players operating in the thermal reed relay market are Omron, Schneider Electric, Siemens AG, TE Connectivity Ltd., Panasonic, Pickering Electronics, Standex Electronics, Eaton Corporation, Coto Technology.
The thermal reed relay market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Reed Relay Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Reed Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Reed Relay Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Reed Relay Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Reed Relay Market Size & Forecast, 2020-2028
4.5.1 Thermal Reed Relay Market Size and Y-o-Y Growth
4.5.2 Thermal Reed Relay Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Normally Open (H)
5.2.2 Normally Closed (D)
5.2.3 Transformation (Z)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Security Systems
6.2.2 Telecom Equipment
6.2.3 Process Control Systems
6.2.4 Automatic Test Equipment
6.2.5 Electronic Instrumentation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Reed Relay Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Reed Relay Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Normally Open (H)
9.6.2 Normally Closed (D)
9.6.3 Transformation (Z)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Security Systems
9.10.2 Telecom Equipment
9.10.3 Process Control Systems
9.10.4 Automatic Test Equipment
9.10.5 Electronic Instrumentation
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Normally Open (H)
10.6.2 Normally Closed (D)
10.6.3 Transformation (Z)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Security Systems
10.10.2 Telecom Equipment
10.10.3 Process Control Systems
10.10.4 Automatic Test Equipment
10.10.5 Electronic Instrumentation
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Normally Open (H)
11.6.2 Normally Closed (D)
11.6.3 Transformation (Z)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Security Systems
11.10.2 Telecom Equipment
11.10.3 Process Control Systems
11.10.4 Automatic Test Equipment
11.10.5 Electronic Instrumentation
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Normally Open (H)
12.6.2 Normally Closed (D)
12.6.3 Transformation (Z)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Security Systems
12.10.2 Telecom Equipment
12.10.3 Process Control Systems
12.10.4 Automatic Test Equipment
12.10.5 Electronic Instrumentation
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Normally Open (H)
13.6.2 Normally Closed (D)
13.6.3 Transformation (Z)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Security Systems
13.10.2 Telecom Equipment
13.10.3 Process Control Systems
13.10.4 Automatic Test Equipment
13.10.5 Electronic Instrumentation
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Reed Relay Market: Competitive Dashboard
14.2 Global Thermal Reed Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Omron
14.3.2 Schneider Electric
14.3.3 Siemens AG
14.3.4 TE Connectivity Ltd.
14.3.5 Panasonic
14.3.6 Pickering Electronics
14.3.7 Standex Electronics
14.3.8 Eaton Corporation
14.3.9 Coto Technology
