Industry Highlights
The Timing Relay Market Size Is Expected To Expand At 4.80% CAGR During The Period 2018
To 2023. 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.
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).
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