Market Overview:
The global programmable timer switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for programmable timer switches in various applications such as offshore wind power generation, offshore oil & gas, inter-country & island connection, and others. Additionally, the growing demand for energy efficient solutions is also propelling the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period.
Product Definition:
A programmable timer switch is a type of electrical switch that can be programmed to turn on or off at certain times. This type of switch is often used in appliances and other devices to control when they are turned on or off. The importance of programmable timer switches lies in their ability to automate tasks, such as turning lights off at night or turning appliances on and off based on a schedule.
Above 500 KV:
The above 500 KV is the highest possible voltage that can be achieved in a single phase of an AC power supply. It is also known as kVAC or KA/Kilovolts AC.
Below 500 KV:
Below 500 KV is the lower range of KV that can be easily handled by high voltage switchgear and transmission lines. It is used to supply power to substations, distribution feeder circuits, and subtransmission lines. The programmable timer switches are widely used in below 500 KV power system as it provides a reliable solution for short circuit current detection with fast response time.
Application Insights:
Based on application, the global programmable timer switches market has been segmented into offshore wind power generation, offshore oil & gas production, inter-country & island connection and others. The offshore wind power generation segment dominated the overall market in terms of revenue share in 2017. This is attributed to growing demand for clean energy sources such as solar and wind that can generate electricity without relying on fossil fuels. Furthermore, increasing government support towards renewable energy sources is expected to drive industry growth over the forecast period.
The inter-country & island connection segment is anticipated to witness significant growth over the forecast period owing to rising demand for reliable electrical grids across various regions coupled with a rise in industrialization activities along with population expansion that has resulted in an increased need for better infrastructure development across islands worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional programmable timer switch market over the forecast period. The growth can be attributed to increasing investments in offshore wind power generation and other renewable energy sources across China, Japan, South Korea, India and Taiwan. Moreover, growing oil & gas exploration activities in countries such as Indonesia and Malaysia are also anticipated to drive product demand over the next eight years.
Europe is estimated to follow Asia Pacific with a CAGR of XX% from 2018 to 2030 owing its large installed base of nuclear power plants that still rely on legacy systems for time-based switching needs. However, stringent government regulations aimed at reducing carbon emissions by 2030 along with rising offshore wind farms across Germany are expected drive programmable timer switches demand over the forecast period in Europe.
Growth Factors:
- Increasing demand for programmable timer switches in the industrial sector for controlling and managing operations.
- Growing popularity of programmable timer switches in the residential sector as a means to save energy and money.
- Rising demand for programmable timer switches from small businesses that need to automate tasks and processes.
- Advances in technology that have led to the development of more sophisticated and user-friendly timers switches, driving their adoption among consumers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Programmable Timer Switches Market Research Report
By Type
Above 500 KV, Below 500 KV
By Application
Offshore Wind Power Generation, Offshore Oil & Gas, Inter-country & Island Connection, Others
By Companies
Prysmian, Nexans, HENGTONG Group, General Cable, Sumitomo Electric, Furukawa Electric, Hangzhou Cable, Hengtong Group, Hydro Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Programmable Timer Switches Market Report Segments:
The global Programmable Timer Switches market is segmented on the basis of:
Types
Above 500 KV, Below 500 KV
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offshore Wind Power Generation, Offshore Oil & Gas, Inter-country & Island Connection, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Prysmian
- Nexans
- HENGTONG Group
- General Cable
- Sumitomo Electric
- Furukawa Electric
- Hangzhou Cable
- Hengtong Group
- Hydro Group
Highlights of The Programmable Timer Switches Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Above 500 KV
- Below 500 KV
- By Application:
- Offshore Wind Power Generation
- Offshore Oil & Gas
- Inter-country & Island Connection
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Programmable Timer Switches Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Programmable timer switches are electronic devices that allow you to set a time limit and then activate an event, such as turning on a light or sending an email.
Some of the major players in the programmable timer switches market are Prysmian, Nexans, HENGTONG Group, General Cable, Sumitomo Electric, Furukawa Electric, Hangzhou Cable, Hengtong Group, Hydro Group.
The programmable timer switches market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Programmable Timer Switches Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Programmable Timer Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Programmable Timer Switches Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Programmable Timer Switches Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Programmable Timer Switches Market Size & Forecast, 2020-2028
4.5.1 Programmable Timer Switches Market Size and Y-o-Y Growth
4.5.2 Programmable Timer Switches Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Above 500 KV
5.2.2 Below 500 KV
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Offshore Wind Power Generation
6.2.2 Offshore Oil & Gas
6.2.3 Inter-country & Island Connection
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Programmable Timer Switches Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Programmable Timer Switches Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Above 500 KV
9.6.2 Below 500 KV
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Offshore Wind Power Generation
9.10.2 Offshore Oil & Gas
9.10.3 Inter-country & Island Connection
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Above 500 KV
10.6.2 Below 500 KV
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Offshore Wind Power Generation
10.10.2 Offshore Oil & Gas
10.10.3 Inter-country & Island Connection
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Above 500 KV
11.6.2 Below 500 KV
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Offshore Wind Power Generation
11.10.2 Offshore Oil & Gas
11.10.3 Inter-country & Island Connection
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Above 500 KV
12.6.2 Below 500 KV
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Offshore Wind Power Generation
12.10.2 Offshore Oil & Gas
12.10.3 Inter-country & Island Connection
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Above 500 KV
13.6.2 Below 500 KV
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Offshore Wind Power Generation
13.10.2 Offshore Oil & Gas
13.10.3 Inter-country & Island Connection
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Programmable Timer Switches Market: Competitive Dashboard
14.2 Global Programmable Timer Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Prysmian
14.3.2 Nexans
14.3.3 HENGTONG Group
14.3.4 General Cable
14.3.5 Sumitomo Electric
14.3.6 Furukawa Electric
14.3.7 Hangzhou Cable
14.3.8 Hengtong Group
14.3.9 Hydro Group
