Timing Relay Market 2019 Segmented By (Timer, Mounting Type, Function, End-User, Regions), Key Players like Siemens, ABB, General Electric, Schneider, Eaton, Rockwell, Omron, Littlefure, TE Connectivity, Mitsubishi Electric, Fuji Electric and Infitec

Market Highlights

Timing relay is defined as a control device which helps to control the functioning of two events. It is a combination of an electromechanical output relay and a control circuit. Its functions include on-delay, off-delay, repeat cycle, pulse generator, and memory latch, among others. Increasing demand for control devices in end-use industries and growing demand for electrical equipment is likely to drive the market for timing relays.

Timing Relay, also known as time delay relays, are switches that are controlled by a circuit. It provides simple and reliable control to start a motor, control a load, or affect a process. It is typically used in industrial applications where the timing needs to be locked in. Increasing demand for control devices in utilities & various industries and growing demand for electrical equipment is likely to drive the market for timing relays. For instance, according to the Indian Electrical and Electronics Manufacturers’ Association (IEEMA), the electrical and industrial electronics industry has witnessed growth of 12.8% in 2017-2018. This would have a positive impact on the growth of timing relay market.

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Key Players

The key players of the global timing relay market are Siemens (Germany), ABB (Switzerland), General Electric (US), Schneider (France), Eaton (Ireland), Rockwell (US), Omron (Japan), Littlefure (US), TE Connectivity (Switzerland), Mitsubishi Electric (Japan), Fuji Electric (Japan), and Infitec (Germany), among others.

Scope of the Report

This report provides an in-depth analysis of the global timing relay market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the timing relay market by its timer, mounting type, function, end-user, and by region.

Segmentation

By Timer

• On-Delay
• Off-Delay

By Mounting Type

• Panel Mounted
• Din Rail Mounted

By Function

• Single
• Multi-Function

By End-User

• Utilities
• Industries
• Others

By Regions

• North America
• Asia-Pacific
• Europe
• Middle East & Africa
• South America

Asia Pacific is estimated to be the fastest growing market for timing relays.

Region wise, it is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, due to increasing investments in the power generation sector and increasing T&D network expansions in the region. For instance, according to Energy Information Administration (EIA), utilities continue to increase spending on transmission infrastructure. Expansion in transmission network would positively impact the growth of timing relay market. At the end of 2017, 405 miles of transmission lines were added with its completion dates planned through 2024. Similarly, the timing relay market is expected to experience growth in the countries such as India, China, and South-East Asian countries. Power generation capacity additions and increasing manufacturing activities in these countries are the main factors spurring the growth of the timing relay market.

List Of Tables

Table 1 Global Timing Relay Market, By Region, 2016-2023 (USD Million)
Table 2 North America Timing Relay Market, By Country, 2016-2023 (USD Million)
Table 3 Europe Timing Relay Market, By Country, 2016-2023 (USD Million)
Table 4 Asia-Pacific Timing Relay Market, By Country, 2016-2023 (USD Million)
Table 5 Middle East & Africa Timing Relay Market, By Country, 2016-2023 (USD Million)
Table 6 South America Timing Relay Market, By Country, 2016-2023 (USD Million)
Table 7 Global Timing Relay Market, By Timer, 2016-2023 (USD Million)
Table 8 North America Timing Relay Market, By Timer, 2016-2023 (USD Million)
Table 9 Europe Timing Relay Market, By Timer, 2016-2023 (USD Million)
Table 10 Asia-Pacific Timing Relay Market, By Timer, 2016-2023 (USD Million)
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List Of Figures

Figure 1 Research Process Of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Timing Relay Market Share, By Timer, 2017 (%)
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