Market Overview:
The global timers market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the global timers market can be attributed to the increasing demand for industrial devices, lighting systems, and other applications across the globe. The digital timer segment is expected to grow at a higher CAGR than the analog timer segment during the forecast period. North America is expected to hold the largest share of the global timers market in 2018, followed by Europe and Asia Pacific.
Product Definition:
Timer is an electronic device that produces a signal at fixed intervals. The timer can be used to control the length of time that something operates, or to indicate when a particular event has occurred.
Analog Timer:
Analog timer is a device that can be used to measure time in continuous and discrete modes. It has no display, so it's operation is dependant on the surrounding environment. The most common use of analog timers is for events such as opening and closing doors or switching on/off lights. In addition, they are also used in processes such as heating/cooling systems where the temperature must be regulated at regular intervals.
Digital Timer:
The digital timer is a tool that allows the user to set a time period and trigger an event. It is used in various applications such as home automation, industrial automation, retail store automation and education. The digital timer can be connected to multiple devices such as sensors, switches and other appliances for carrying out a certain task at pre-determined intervals.
Application Insights:
The industrial devices segment dominated the global timers market in 2017 and is expected to witness significant growth over the forecast period. The increasing use of industrial timers for scheduling tasks, such as machine cleaning, refueling, and maintenance activities has contributed significantly to their demand. Furthermore, growing awareness regarding energy-efficient solutions among manufacturers is expected to positively impact industry growth over the next eight years.
The lighting system segment accounted for more than 15% share of total revenue in 2017 due to extensive usage of light-emitting diodes (LEDs) as a substitute for traditional incandescent bulbs. Moreover, an increase in consumer disposable income levels coupled with rising concerns regarding energy consumption are anticipated drive this application sector significantly over the forecast period.
Other applications include security systems and home appliances such as air conditioners and heaters that operate on timer functions or schedules without human intervention required by users during initial stages after installation of these products.
Regional Analysis:
Asia Pacific is expected to be the fastest growing region, with a CAGR of XX% from 2018 to 2030 owing to increasing industrialization and adoption of automation in manufacturing industries. The region has been witnessing an increase in demand for advanced technologies such as programmable logic controllers (PLCs) and digital timers that can be used for various applications including manufacturing, process control, lighting system etc. Moreover, rising investments by governments in developing countries are also driving the market growth across Asia Pacific. For instance; In January 2017; China’s State Council announced plans for “Made-in-China 2025†strategy which aims at promoting innovation and high-quality products throughout the country by encouraging domestic production over imports or exports.
Growth Factors:
- Increasing demand from the industrial sector for advanced time management solutions to optimize production processes.
- Proliferation of smart devices and the Internet of Things (IoT) that provide opportunities for timers to be integrated into a wider range of applications.
- Growing popularity of time-based productivity techniques, such as the Pomodoro Technique, that increase demand for timer tools and apps.
- Advances in digital technology that allow timers to be more versatile and customizable, meeting the needs of a wider range of users.
Scope Of The Report
Report Attributes
Report Details
Report Title
Timers Market Research Report
By Type
Analog Timer, Digital Timer
By Application
Industrial Devices, Lighting System, Others
By Companies
Honeywell, Leviton, Legrand, Intermatic, Schneider Electric, Theben Group, Hugo Müller, Larsen & Toubro Limited, Panasonic, Havells India Ltd India, Omron, Koyo Electronics, Eaton, Hager, Enerlites, Crouzet, Autonics Corporation, Ascon Tecnologic, Marsh Bellofram, Trumeter, SELEC Controls Pvt. Ltd., Orbis Technology Electric S.A., IDEC, Carlo Gavazzi, IMO Precision Controls, Alion, KACON, Tempatron, Sisel Engineering Inc., Dwyer Instruments
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Timers Market Report Segments:
The global Timers market is segmented on the basis of:
Types
Analog Timer, Digital Timer
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
Industrial Devices, Lighting System, 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:
- Honeywell
- Leviton
- Legrand
- Intermatic
- Schneider Electric
- Theben Group
- Hugo Müller
- Larsen & Toubro Limited
- Panasonic
- Havells India Ltd India
- Omron
- Koyo Electronics
- Eaton
- Hager
- Enerlites
- Crouzet
- Autonics Corporation
- Ascon Tecnologic
- Marsh Bellofram
- Trumeter
- SELEC Controls Pvt. Ltd.
- Orbis Technology Electric S.A.
- IDEC
- Carlo Gavazzi
- IMO Precision Controls
- Alion
- KACON
- Tempatron
- Sisel Engineering Inc.
- Dwyer Instruments
Highlights of The Timers 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:
- Analog Timer
- Digital Timer
- By Application:
- Industrial Devices
- Lighting System
- 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 Timers 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?
Timer is a program that helps you manage time.
Some of the major companies in the timers market are Honeywell, Leviton, Legrand, Intermatic, Schneider Electric, Theben Group, Hugo M¼ller, Larsen & Toubro Limited, Panasonic, Havells India Ltd India, Omron, Koyo Electronics, Eaton, Hager, Enerlites, Crouzet, Autonics Corporation, Ascon Tecnologic, Marsh Bellofram, Trumeter, SELEC Controls Pvt. Ltd., Orbis Technology Electric S.A., IDEC, Carlo Gavazzi, IMO Precision Controls, Alion, KACON, Tempatron, Sisel Engineering Inc., Dwyer Instruments.
The timers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Timers 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 Timers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Timers 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 Timers 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 Timers Market Size & Forecast, 2018-2028
4.5.1 Timers Market Size and Y-o-Y Growth
4.5.2 Timers Market Absolute $ Opportunity
Chapter 5 Global Timers 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 Timers Market Size Forecast by Type
5.2.1 Analog Timer
5.2.2 Digital Timer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Timers 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 Timers Market Size Forecast by Applications
6.2.1 Industrial Devices
6.2.2 Lighting System
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Timers 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 Timers 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 Timers Analysis and Forecast
9.1 Introduction
9.2 North America Timers 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 Timers Market Size Forecast by Type
9.6.1 Analog Timer
9.6.2 Digital Timer
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 Timers Market Size Forecast by Applications
9.10.1 Industrial Devices
9.10.2 Lighting System
9.10.3 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 Timers Analysis and Forecast
10.1 Introduction
10.2 Europe Timers 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 Timers Market Size Forecast by Type
10.6.1 Analog Timer
10.6.2 Digital Timer
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 Timers Market Size Forecast by Applications
10.10.1 Industrial Devices
10.10.2 Lighting System
10.10.3 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 Timers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Timers 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 Timers Market Size Forecast by Type
11.6.1 Analog Timer
11.6.2 Digital Timer
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 Timers Market Size Forecast by Applications
11.10.1 Industrial Devices
11.10.2 Lighting System
11.10.3 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 Timers Analysis and Forecast
12.1 Introduction
12.2 Latin America Timers 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 Timers Market Size Forecast by Type
12.6.1 Analog Timer
12.6.2 Digital Timer
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 Timers Market Size Forecast by Applications
12.10.1 Industrial Devices
12.10.2 Lighting System
12.10.3 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) Timers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Timers 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) Timers Market Size Forecast by Type
13.6.1 Analog Timer
13.6.2 Digital Timer
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) Timers Market Size Forecast by Applications
13.10.1 Industrial Devices
13.10.2 Lighting System
13.10.3 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 Timers Market: Competitive Dashboard
14.2 Global Timers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Honeywell
14.3.2 Leviton
14.3.3 Legrand
14.3.4 Intermatic
14.3.5 Schneider Electric
14.3.6 Theben Group
14.3.7 Hugo Müller
14.3.8 Larsen & Toubro Limited
14.3.9 Panasonic
14.3.10 Havells India Ltd India
14.3.11 Omron
14.3.12 Koyo Electronics
14.3.13 Eaton
14.3.14 Hager
14.3.15 Enerlites
14.3.16 Crouzet
14.3.17 Autonics Corporation
14.3.18 Ascon Tecnologic
14.3.19 Marsh Bellofram
14.3.20 Trumeter
14.3.21 SELEC Controls Pvt. Ltd.
14.3.22 Orbis Technology Electric S.A.
14.3.23 IDEC
14.3.24 Carlo Gavazzi
14.3.25 IMO Precision Controls
14.3.26 Alion
14.3.27 KACON
14.3.28 Tempatron
14.3.29 Sisel Engineering Inc.
14.3.30 Dwyer Instruments
