Timing Relay Market 2019 Global Research Report- Forecast to 2023 is in-depth research on Global Timing Relay Industry, comprises comprehensive data on Global Timing Relay Market Size, Share, Trends, Key Players, Growth Statistics, with historic and forecast data up to 2023. For better easy understanding this report segments Timing Relay Global Market by Timer (On-Delay, Off-Delay), Mounting Type (Panel Mounted, Din Rail mounted), Function (Single Function and Multi-function), End-User (Utilities and Industries), and Region (North America, Europe, APAC, South America, Middle East & Africa).
Timing Relay Industry Key Companies
Analyzed:
The top players dominating the global timing relay
market comprises ABB (Switzerland), Siemens (Germany), Schneider (France),
General Electric (US), Rockwell (US), Eaton (Ireland), Littlefure (US), Omron
(Japan), Mitsubishi Electric (Japan), TE Connectivity (Switzerland), Infitec
(Germany), and Fuji Electric (Japan).
The Timing Relay Market Is Expected To Expand At 4.80% CAGR
During The Period 2018 To 2023.
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Industry 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 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. Timing relays are installed wherever simple
time-controlled processes are required. The availability of broad time delay
ranges in timing relays, rising industrial automation, and increased demand for
control devices in end-use industries have boosted the demand for timing
relays.
Market
Potential and Pitfalls
The
global timing relay market is witnessing a sturdy growth over the past few
years due to the mammoth demand for electrical equipment. The plummeting demand
for control devices in the end-use industries is considered one of the key
factors dictating the growth trajectory of the market across the globe.
Industries across the world are extensively investing in control devices to
improve the growth efficiency besides reducing the error ratio. With increased
power generation capacity addition and manufacturing activities, the market is
predicted to experience a boost in the coming years. The rapid urbanization and
industrialization have led to the increased demand for electricity, thereby
encouraging the growth of the global timing relay market in the foreseeable
future. Economies like Japan, China, and India are considered the prominent
markets in the Asia Pacific region. With the growth in infrastructural developments,
especially in the Middle East & Africa, the timing relay market is
predicted to gain impetus. The burgeoning focus on renewable power generation
along with the power generation capacity addition is likely to influence market
growth.
On
the contrary, the high availability of alternatives like smart relays and PLCs
are considered to restrict market growth during the assessment period.
Global
Timing Relay Market: Segmental Analysis
The timing relay market is segmented on the basis of mounting type, timer,
function, and end-user.
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
Regional
Frontiers
Geographically, the timer relay market spans across the
Asia Pacific, North America, Europe, South America, and the Middle East &
Africa.
Considering the global scenario, the Asia Pacific region
is considered the fastest evolving market mainly due to the surging investments
in the power generation sector along with the growing T&D network
expansions in the region. As per the Energy Information Administration,
utilities are highly spending on transmission infrastructure. Expansion in the
transmission network is considered to influence the growth of the market. 405
miles of transmission lines were being added at the end of 2017 with the
completion dates planned by the end of 2024. The market is predicted to
experience growth, especially in economies like China, India, and South-East
Asian nations. The spurring manufacturing activities and power generation
capacity additions in these economies are the major growth factors of the
timing relay market.
Industry
News
April 24, 2019: A global leader in connectivity and
sensors, TE Connectivity has recently signed a definitive agreement in order to
acquire the Kissling group of companies, which provides ruggedized switches and
high-power relays used in the transportation, commercial vehicle, military,
industrial, and aviation industries.
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