Timing Relay Market Analysis: Growth Opportunity,
Revenue Impact, Forecast till 2022
The report "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",
The timing relay market is expected to grow from an estimated value of USD 464.1 Million in
2017 to USD 573.5 Million by 2022, at a CAGR of 4.32%, from 2017 to 2022. The global market is
set to witness a significant growth due to the increasing demand for control devices in end -use
industries and the availability of broad time delay ranges in timing relays.
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Browse 70 market data Tables and 47 Figures spread through 138 Pages and in-depth TOC
on "Timing Relay Market - Global Forecast to 2022"
The on-delay segment is expected to hold the largest share of the timing relay market, by
timer, during the forecast period.
The on-delay segment is expected to hold a major share in the timing relay market during the
forecast period. On-delay timers turn on after a particular time delay. The key applications of on-
delay timers are interference pulse suppression and gradual starting of motors to avoid mains
overload. Market players such as Siemens, Littelfuse, OMRON, Panasonic, Carlo Gavazzi, IDEC
Corporation, and Macromatics offer on-delay timers. On-delay timers are easy to implement
when compared to off-delay and other timers. All these factors have resulted in the larger share
of on-delay timers in the timing relay market.
The panel mounted segment accounts for the largest share of the timing relay market, by
mounting type, during the forecast period.
The panel mounted segment is expected to be the largest market, by mounting type, from 2017
to 2022. Panel mounted timing relays are designed to be easily mounted on flat panels or heat
sinks with screws. Panel mounting is the most preferred mounting type as timing relays can be
plugged into a socket or can be mounted on a panel. All these factors are expected to drive the
panel mounted segment of the timing relay market.
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