Reed Relay Market Worth $1,125 Million by 2030 - Exclusive Report by MarketsandMarkets™ - 0 views
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Almira Coyne on 02 Jan 23Reed Relay Market is projected to grow from USD 1,125 million by 2030, at a CAGR of 15.6% according to a new report by MarketsandMarkets™. 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.