Timing Relay Market Highlights

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. The global timing relay market is estimated to expand at 4.50% CAGR during the forecast period.

Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7067

The growing demand for timing relays market is attributed to the increasing focus on renewable power generation and increasing power generation capacity additions. For instance, global installed power capacity reached 6,437 GW in 2016 with growth rate of 4.1%. Also, significant development being made in Asian countries such as China and India including the increasing use of coal resources has driven the growth of timing relay used in the power sector. One of the major restraints for the global timing relay market is availability of alternatives such as smart relays and PLCs.

Timing Relay Market Segmentation

The timing relay market has been segmented based on function into single function and multi-function. Among these types, single function is the fastest growing segment in the timing relay market as they provide high accuracy timing control for industrial and OEM applications.

Based on mounting type, the market is segmented as panel mounted and din-rail mounted. The panel mounted segment is expected to be the largest market, by mounting type, during the forecast period. Panel mounted timing relays are designed to be easily mounted on flat panels or heat sinks with screws. It is most preferred mounting type as these relays can be plugged into a socket or can be mounted on a panel. Considering the timer segment, the market is segmented into on-delay and off-delay.

Access Full Report at: https://www.marketresearchfuture.com/reports/timing-relay-market-7067

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.

Regional Analysis:

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.

Access More Info at: https://reut.rs/2IXgpDw

Table Of Contents

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope Of The Study

2.3 Market Structure

3 Research Methodology

3.1 Primary Research

3.2 Secondary Research

3.3 Market Size Estimation

3.4 Forecast Model

3.5 List Of Assumptions

3.6 Limitations Of The Study

4 Market Insights

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]