The utilities segment is expected to be the largest end-user segment of the timing relay market during the forecast period .
The utilities segment is expected to be the largest timing relay market from 2017 to 2022 . Utilities depend on automatic systems to control and monitor their network and equipment . Timing relays ( also known as timer delay relays ) are used to control an event based on time . Moreover , timing relays are deployed by utilities to address problems such as load shedding , load restoration , motor loads , high-speed reclosing , and under frequency protection of generators . Timing relays are also used for electric-utility distribution circuit protection as these relays provide the best selectivity with electric equipment such as re-closers , generator transfer switches , fuses , and circuit breakers . All these factors are likely to drive the utilities segment of the timing relay market .
Asia Pacific : The fastest growing market for 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 dominate the global timing relay market due to increasing investments in the power generation sector and increasing T & D network expansions in the region . The Chinese market is expected to dominate the timing relay market in Asia Pacific . The timing relay market is expected to grow at a high rate in countries such as India , China , and South-East Asian countries . Increasing manufacturing activities and power generation capacity additions in these countries are the main factors spurring the growth of the timing relay market .
To enable an in-depth understanding of the competitive landscape , the report includes the profiles of some of the top players in the timing relay market . These include Siemens ( Germany ), ABB ( Switzerland ), General Electric ( US ), Schneider Electric ( France ), Eaton ( Ireland ), and Rockwell Automation ( US ). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares .
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