Timing Relay Market by Timer (On-Delay, Off-Delay), Mounting Type (Panel Mounted, Din Rail Mounted), Function (Single, Multi-Function), End-User (Utilities, Industries), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2022
[138 Pages Report] The global timing relay market was valued at USD 446.2 Million in 2016 and is estimated to grow at a CAGR of 4.32%, during the forecast period. The growing demand for electrical equipment, rising industrial automation, and increasing demand for control devices in end-use industries are the major factors driving the timing relay market.
The years considered for the study are as follows:
- Base Year: 2016
- Estimated Year: 2017
- Projected Year: 2022
- Forecast Period: 20172022
The base year for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, and forecast the global timing relay market on the basis of timer, mounting type, function, end-user, and region
- To provide detailed information regarding the major factors influencing the growth of the timing relay market (drivers, restraints, opportunities, and challenges)
- To strategically analyze the timing relay market with respect to individual growth trends, future prospects, and contributions of each segment to the market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as contracts & agreements, investments and expansions, new product developments, and mergers & acquisitions in the timing relay market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global timing relay market. The primary sources include industry experts from core and related industries, preferred suppliers, manufacturers, distributors, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.
- Study of annual revenue and market developments of major players that provide timing relays
- Analysis of major end-users and applications of timing relays
- Assessment of future trends and growth of the timing relay market on the basis of investments in key end-users such as utilities and industries
- Assessment of the timing relay market with respect to single and multi-function timing relays based on function
- Study of the contracts and developments related to the timing relay market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies manufacturing timing relays across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem:
The ecosystem of the global timing relay market starts with raw material or component suppliers. The various components of timing relays are DIP switches, input/output indication, knobs, and time adjustment dials, among others. The next stage is the manufacturing of timing relays where all the components are assembled. These devices are then distributed to end-users such as utilities, industries, and others (commercial, renewables, and railways).
Target Audience:
The reports target audience includes:
- Timing relay manufacturers and suppliers
- Timer manufacturers and suppliers
- Consulting companies in the power sector
- Manufacturing and process industries
- Electric utilities
- Government and power research organizations
Scope of the Report:
- By Timer
- On-delay
- Off-delay
- Others
- By Mounting Type
- Panel Mounted
- DIN Rail Mounted
- Others
- By Function
- Single Function
- Multi-Function
- By End-User
- Utilities
- Industries
- Others
- By Region
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region or country-specific analyses
Company Information
Detailed analyses and profiling of additional market players (up to five)
The global timing relay market is projected to grow at a CAGR of 4.32%, from 2017 to 2022, to reach a market size of USD 573.5 Million by 2022. Market growth can be attributed to rising investments in the power sector and growing industrialization globally. The increasing use of control devices in end-use industries and rising demand for electrical equipment are expected to boost the demand for timing relays.
The report segments the timing relay market, by timer, into on-delay, off-delay, and others. Others includes one shot, interval, repeat cycle, flashers, and on/off delay timers. The on-delay segment is estimated to lead the timing relay market in 2017 and is projected to grow at the fastest rate during the forecast period due to ease of operation of on-delay timers.
The panel mounted segment of the timing relay market, by mounting type, accounted for the largest market size in 2016. Panel mounted timing relays are deployed in applications such as heating/air conditioning, heat pumps, waste treatment, medical equipment, access control, and water and air treatment. The growing demand for HVAC applications and rising investments in the water and wastewater sector are expected to drive the panel mounted segment of the timing relay market.
Based on function, the timing relay market is segmented into single function and multi-function. The single function segment is estimated to hold the largest share of timing relay market in 2017 due to the need for high accuracy timing control for OEM and industrial applications. The multi-function segment is expected to grow at the highest CAGR, from 2017 to 2022, as these timers provide broad timing ranges, voltages, and functions compared to single function timing relays.
In this report, the timing relay market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The market in Asia Pacific is expected to lead the global timing relay market by 2022 and is projected to grow at the highest CAGR from 2017 to 2022. Market growth in this region can be attributed to increasing electricity demand and rising industrialization and urbanization. Countries such as China, Japan, and India are the key markets for timing relays in Asia Pacific. The increasing infrastructural developments in the Middle East & Africa are expected to drive the timing relay market in the region.
Control systems based on timing relays are difficult to configure when compared to PLCs and smart relays. PLCs and smart relays are simply programmed through software to control processes while timing relays need to be connected by hardwiring them to control system logics. Thus, PLCs and smart relays are replacing timers and relays for control system logic in various applications such as manufacturing plants and new machines. The availability of alternatives such as PLCs and smart relays is expected to act as a restraint for the timing relay market.
The leading players in the timing relay market include Siemens (Germany), ABB (Switzerland), General Electric (US), Schneider Electric (France), Eaton (Ireland), and Rockwell Automation (US). Investments and expansions was the most commonly adopted strategy by top players in the market from 2014 to 2017. It was followed by new product developments, contracts & agreements, and mergers & acquisitions.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 29)
4.1 Timing Relay Market, By Country
4.2 Timing Relay Market, By Timer
4.3 Timing Relay Market, By Mounting Type
4.4 Timing Relay Market, By Function
4.5 Timing Relay Market, By End-User
4.6 Asia Pacific Timing Relay Market
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Control Devices in End-Use Industries
5.2.1.2 Availability of Broad Time Delay Ranges in Timing Relays
5.2.1.3 Growing Demand for Electrical Equipment
5.2.2 Restraints
5.2.2.1 Availability of Alternatives Such as PLCs and Smart Relays
5.2.3 Opportunities
5.2.3.1 Rising Demand for Hvac Applications
5.2.4 Challenges
5.2.4.1 Technical Challenges in Relays
5.2.4.2 Presence of A Large Number of Local Players
6 Timing Relay Market, By Timer (Page No. - 38)
6.1 Introduction
6.2 On-Delay
6.3 Off-Delay
6.4 Others
7 Timing Relay Market, By Mounting Type (Page No. - 43)
7.1 Introduction
7.2 Panel Mounted
7.3 Din Rail Mounted
7.4 Others
8 Timing Relay Market, By Function (Page No. - 48)
8.1 Introduction
8.2 Single Function
8.3 Multi-Function
9 Timing Relay Market, By End-User (Page No. - 52)
9.1 Introduction
9.2 Utilities
9.3 Industries
9.4 Others
10 Timing Relay Market, By Region (Page No. - 58)
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.2 Japan
10.2.3 India
10.2.4 South Korea
10.2.5 Rest of Asia Pacific
10.3 North America
10.3.1 US
10.3.2 Canada
10.3.3 Mexico
10.4 Europe
10.4.1 Germany
10.4.2 UK
10.4.3 France
10.4.4 Italy
10.4.5 Rest of Europe
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
10.5.4 Nigeria
10.5.5 Rest of the Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of South America
11 Competitive Landscape (Page No. - 92)
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Investments & Expansions
11.3.2 New Product Launches
11.3.3 Contracts & Agreements
11.3.4 Mergers & Acquisitions
12 Company Profiles (Page No. - 96)
(Business Overview, Product Offering, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
12.1 Siemens
12.2 ABB
12.3 GE
12.4 Schneider
12.5 Eaton
12.6 Rockwell
12.7 Omron
12.8 Littelfuse
12.9 TE Connectivity
12.10 Phoenix Contact
12.11 Mitsubishi Electric
12.12 Fuji Electric
12.13 Macromatic Industrial Controls
12.14 Infitec
12.15 Mors Smitt
*Details on Business Overview, Product Offering, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 130)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (70 Tables)
Table 1 Timing Relay Market Snapshot
Table 2 Time Delay Ranges of the Key Players in the Timing Relay Market
Table 3 Timing Relay Market Size, By Timer, 20152022 (USD Million)
Table 4 On-Delay: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 5 Off-Delay: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 6 Others: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 7 Timing Relay Market Size, By Mounting Type, 20152022 (USD Million)
Table 8 Panel Mounted: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 9 Din Rail Mounted: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 10 Others: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 11 Timing Relay Market Size, By Function, 20152022 (USD Million)
Table 12 Single Function: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 13 Multi-Function: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 14 Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 15 Utilities: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 16 Industries: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 17 Others: Timing Relay Market Size, By Region, 20152022 (USD Million)
Table 18 Timing Relay Market, By Region, 20152022 (USD Million)
Table 19 Asia Pacific: Timing Relay Market Size, By Country, 20152022 (USD Million)
Table 20 Asia Pacific: Timing Relay Market Size, By Timer, 20152022 (USD Million)
Table 21 Asia Pacific: Timing Relay Market Size, By Function, 20152022 (USD Million)
Table 22 Asia Pacific: Timing Relay Market Size, By Mounting Type, 20152022 (USD Million)
Table 23 Asia Pacific: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 24 China: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 25 Japan: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 26 India: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 27 South Korea: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 28 Rest of Asia Pacific: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 29 North America: Timing Relay Market Size, By Country, 20152022 (USD Million)
Table 30 North America: Timing Relay Market Size, By Timer, 20152022 (USD Million)
Table 31 North America: Timing Relay Market Size, By Function, 20152022 (USD Million)
Table 32 North America: Timing Relay Market Size, By Mounting Type, 20152022 (USD Million)
Table 33 North America: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 34 US: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 35 Canada: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 36 Mexico: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 37 Europe: Timing Relay Market Size, By Country, 20152022 (USD Million)
Table 38 Europe: Timing Relay Market Size, By Timer, 20152022 (USD Million)
Table 39 Europe: Timing Relay Market Size, By Function, 20152022 (USD Million)
Table 40 Europe: Timing Relay Market Size, By Mounting Type, 20152022 (USD Million)
Table 41 Europe: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 42 Germany: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 43 UK: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 44 France: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 45 Italy: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 46 Rest of Europe: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 47 Middle East & Africa: Timing Relay Market Size, By Country, 20152022 (USD Million)
Table 48 Middle East & Africa: Timing Relay Market Size, By Timer, 20152022 (USD Million)
Table 49 Middle East & Africa: Timing Relay Market Size, By Function, 20152022 (USD Million)
Table 50 Middle East & Africa: Timing Relay Market Size, By Mounting Type, 20152022 (USD Million)
Table 51 Middle East & Africa: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 52 Saudi Arabia: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 53 UAE: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 54 South Africa: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 55 Nigeria: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 56 Rest of the Middle East & Africa: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 57 South America: Timing Relay Market Size, By Country, 20152022 (USD Million)
Table 58 South America: Timing Relay Market Size, By Timer, 20152022 (USD Million)
Table 59 South America: Timing Relay Market Size, By Function, 20152022 (USD Million)
Table 60 South America: Timing Relay Market Size, By Mounting Type, 20152022 (USD Million)
Table 61 South America: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 62 Brazil: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 63 Argentina: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 64 Rest of South America: Timing Relay Market Size, By End-User, 20152022 (USD Million)
Table 65 Market Ranking, 2016
Table 66 Market Developments From 2014 to 2017
Table 67 Investments & Expansions, 20142017
Table 68 New Product Launches, 20142017
Table 69 Contracts & Agreements, 20142017
Table 70 Mergers & Acquisitions, 20142017
List of Figures (47 Figures)
Figure 1 Timing Relay Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Asia Pacific Held the Largest Share of the Timing Relay Market in 2016
Figure 7 The On-Delay Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 The Panel Mounted Segment is Expected to Dominate the Timing Relay Market in 2016
Figure 9 The Single Function Segment is Expected to Dominate the Timing Relay Market From 2017 to 2022
Figure 10 The Utilities Segment is Expected to Dominate the Timing Relay Market During the Forecast Period
Figure 11 Attractive Opportunities in the Timing Relay Market, 20172022
Figure 12 The Indian Market is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 The On-Delay Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 The Panel Mounted Segment is Expected to Dominate the Timing Relay Market During the Forecast Period
Figure 15 The Single Function Segment Dominated the Market in 2016, While Asia Pacific Dominated the Single Function Segment
Figure 16 The Industries Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 The Chinese Market Accounted for the Largest Share of the Asia Pacific Timing Relay Market in 2016
Figure 18 Drivers, Restraints, Opportunities, & Challenges
Figure 19 Industrial Control & Factory Automation Market, 20162022
Figure 20 Global Construction Market, By 2021
Figure 21 The On-Delay Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 22 Asia Pacific: the Fastest Growing Timing Relay Market in the On-Delay Segment, 20172022
Figure 23 Off-Delay Market, By Region, 20172022
Figure 24 The Panel Mounted Segment is Expected to Be the Largest During the Forecast Period
Figure 25 Panel Mounted Market, By Region, 2017 & 2022 (USD Million)
Figure 26 The Multi-Function Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Single Function Segment, By Region, 20172022 (USD Million)
Figure 28 The Utilities Segment is Expected to Be the Largest Market for Timing Relays During the Forecast Period
Figure 29 Utilities Segment, By Region, 20172022 (USD Million)
Figure 30 Industries Segment, By Region, 20172022 (USD Million)
Figure 31 Others Segment, By Region, 2016
Figure 32 Regional Snapshot: Timing Relay Market (20172022)
Figure 33 Asia Pacific to Lead the Timing Relay Market During the Forecast Period
Figure 34 Asia Pacific: Market Snapshot
Figure 35 North America: Market Snapshot
Figure 36 Key Developments in the Timing Relay Market, 20142017
Figure 37 Siemens: Company Snapshot
Figure 38 ABB: Company Snapshot
Figure 39 GE: Company Snapshot
Figure 40 Schneider: Company Snapshot
Figure 41 Eaton: Company Snapshot
Figure 42 Rockwell: Company Snapshot
Figure 43 Omron: Company Snapshot
Figure 44 Littelfuse: Company Snapshot
Figure 45 TE Connectivity: Company Snapshot
Figure 46 Mitsubishi Electric: Company Snapshot
Figure 47 Fuji Electric: Company Snapshot
Growth opportunities and latent adjacency in Timing Relay Market