Reed Relay Market Trends & Opportunities with Forecast 2022-2030

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Reed Relay Market by Voltage (200 V, 200 V500 V,
500 V1 Kv, 1 kV7.5 kV, 7.5 kV10 kV, Above
10 kV), Application (Industrial, Household
Appliances, Test Measurement, Mining,
Automotive, EV, Medical, Renewables), Geography
- Global Forecast to 2030
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The Reed Relay Market size is estimated to be USD
352 million by 2022 and is projected to reach USD
1,125 million by 2030, at a CAGR of 15.6. A reed
switch is an electromagnetic switch that operates
using an applied magnetic field. Therefore, a
magnet controls the flow of electricity in the
circuit. A small glass envelope housing two or
more ferrous reeds makes up the switching
mechanism. Hence, the reed switches open or close
in the presence of a magnetic field. The simple
design and function of reed switches offer a lot
of room for innovation and different uses. Reed
switches used in a reed relay application are
just one way of innovating with reed technology.
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1 KV7.5 KV is expected to result in the segment
growing at second fastest rate in th reed Relay
market High frequency and efficient performance
to propel market growth. High-voltage reed relay
switching modules in this segment are mostly
suitable for industries and are found in up to
7.5 kV. The purpose is to switch to high-voltage
signals and high-frequency applications. Another
attribute by which reed relays could be
characterized is the amount of load, or current,
they are capable of handling. Reed relays are
small, fast acting, and can switch low-level
signals, in addition, they have no wearing parts
resulting in a long life. They are prominent in
providing highly efficient performance
characteristics in insulation resistance and
stand-off voltage. Make an Inquiry
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Charging station by application is estimated to
be second fastest growing market The need of
charging stations to cater to the growing ev
market to boost demand. With an aim to reduce
emission, economies around the world are moving
towards electric vehicles. According to IEA,
publicly available EV charging points were up by
nearly 40 in 2021. China has the largest number
of publicly available chargers in the world. It
accounts to a share of about 85 of the worlds
fast chargers and 55 of slow chargers. Reed
relays find application in EV charging stations
as they are used to cut off the charge and to
discharge the DC power of the battery in EVs.
They are also used in charging plugs between the
external charger and the vehicle battery. A rapid
growth in the adoption of EVs globally and the
need for a robust charging infrastructure, hence,
is expected to drive the reed relay market.

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Browse gtgt 142 market data
tables 43 figures
210 pages and in-depth TOC on Reed
Relay Market - Global Forecast to 2030 Early
buyers will receive 10 customization on this
report. This is a Premium Report Priced at US
4950 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Asia Pacific (excl. China) likely to emerge as
the largest Reed Relay market Asia Pacific
(excl. China) held a 25.4 share in the reed
relay market in 2021. The region has been
segmented, by country, into India, Japan, and the
Rest of Asia Pacific. Asia Pacific (excl. China)
is expected to hold the largest market share in
the reed relay market during the forecast period.
Increasing TD network expansion and
industrialization projects in emerging countries
such as India and Japan are a few of the key
growth drivers of the reed relay market in the
region. Massive TD network expansions and
industrialization projects in these countries are
the main reasons for the growth of the reed relay
market. Economies such as Japan, Indonesia, and
India are driving the growth of the reed relay
market in Asia Pacific. Speak to Analyst
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the Reed
  Relay Market. These include
• ABB (Switzerland),
• Standex International Corporation (US),
• Siemens (Germany),
• Schneider Electric (France),
• TE Connectivity,
• COTO Technology (US),
• Pickering Electronic Ltd (UK),
• General Electric (Switzerland),
• Towards Relays (Taiwan) among others...
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id9260346

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