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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