Energy and Power Timing Relay Market Size | Page 2

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On-Delay
Off-Delay
By Mounting Type
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Panel Mounted
Din Rail Mounted
By Function
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Single
Multi-Function
By End-User
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Utilities
Industries
Others
By Regions
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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.
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