QYR Market Research Global Time Delay Relays market research | Page 5

QYR
China's relay industry has developed into a national industry with certain
research and production capacity, industry product mix has gradually
improved, currently China has become international Relay large
consumption country, but the production technology is relatively laggard,
it can only produce some low-end product, although the new production
lines is increasing, the high-end product is still relying on import. But for
time delay relays industry, the downstream demand is relatively weak,
only few companies provide timing relays and the high-end products mainly
rely on multinational companies. The global Time Delay Relays market is
valued at 470 million US$ in 2017 and will reach 660 million US$ by the
end of 2025, growing at a CAGR of 4.5% during 2018-2025.
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https://www.qyresearch.com/index/detail/521800/global-
time-delay-relays-market