High Voltage Reed Switch Industry Analysis： the global market size is projected to grow from USD 355 million in 2023 to USD 441 million by 2029

Magnetic Reed Switch consists of a pair of ferromagnetic reeds, which overlap at their free ends (contact area) at a very small distance and are hermetically sealed in a glass tube. When in the presence of a magnetic field, the reeds become magnetized to opposite polarity, thus attracting each other and closing contact. Like many other great inventions, reed switches were born at Bell Laboratories, invented there in the mid-1930s by Walter B. Elwood. Today, reed switches are still in common uses. High voltage reed switch products are used for switching high voltage applications in photovoltaic systems, medical, industrial, telecommunications, and (ATE) automated test equipment markets.

According to the new market research report "High Voltage Reed Switch - Global Market Insights and Sales Trends 2024", published by QYResearch, the global High Voltage Reed Switch market size is projected to grow from USD 355 million in 2023 to USD 441 million by 2029, at a CAGR of 3.7% during the forecast period.

• Global High Voltage Reed Switch MarketSize(US$ Million), 2018-2029

Source: QYResearch, "High Voltage Reed Switch - Global Market Insights and Sales Trends 2024”

• Global High Voltage Reed Switch Top10 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)

Source: QYResearch, "High Voltage Reed Switch - Global Market Insights and Sales Trends 2024”

According to QYResearch Top Players Research Center, the global key manufacturers of High Voltage Reed Switch include Standex Electronics, Nippon Aleph Corporation, Littelfuse, HSI Sensing, Pickering Electronics, Comus International, Ryazan Metal Ceramics Instrumentation Plant, PIC Group, PIT-RADWAR, Zhejiang Xurui Electronic, etc. In 2022, the global top five players had a share approximately 52% in terms of revenue.

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