Timing Relay Market Worth 573.5 Million USD by 2022

Timing Relay Market Worth 573.5 Million USD by 2022

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

SOURCE MarketsandMarkets

PUNE, India, December 12, 2017 /PRNewswire/ --

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", published by MarketsandMarkets™, the 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.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 70 market data Tables and 47 Figures spread through 138 Pages and in-depth TOC on "Timing Relay Market"

https://www.marketsandmarkets.com/Market-Reports/timing-relay-market-241993160.html

Early buyers will receive 10% customization on this report 

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=241993160

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.

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=241993160

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Timing Relay Market. The key players 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.

Browse Related Reports: 

Protective Relay Market By Voltage (High, Medium, and Low), by End-User (Utilities, Industries, Renewables, and Marine), and by Protection Mechanism (Feeder, Transmission Line, Motor, Transformer, Generator, Breaker, Capacitor Bank, and Busbar) - Global Trends and Forecasts to 2021

http://www.marketsandmarkets.com/Market-Reports/protective-relay-market-198956724.html

Motor Protection Market By Device (Overload Relay, Vacuum Contactor, Combination Starter & Motor Protection Circuit Breaker), by Industry (Oil & Gas, Water & Wastewater, Infrastructure, Food & Beverages, Metals & Mining), by Power, and by Region - Global Trends & Forecast to 2020

https://www.marketsandmarkets.com/Market-Reports/motor-protection-market-146458132.html

Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

©2017 PR Newswire. All Rights Reserved.

Powered by Frankly