Market Overview:
The global timing relay market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automation and rising adoption of industrial IoT across different industries. Based on type, the global timing relay market is segmented into on-delay, off-delay, and others. On-delay timers are used when an event needs to be delayed after it has been triggered. Off-delay timers are used when an event needs to be delayed after power has been turned off or removed from the load circuit breaker contacts being timed out by timer delay Relays (TDRs). Others include programmable interval timers (PITs) and digital delay generators (DDGs). Based on application, the global timing relay market is segmented into utilities, industries, and others. Utilities include water & wastewater treatment plants; oil refineries; gas processing plants; chemical processing plants; paper mills; food & beverage processing plants; pharmaceuticals manufacturing facilities ; automotive manufacturing facilities ; metal fabrication shops ; plastics production facilities . Industries include transportation systems such as railways signals & switches control systems , traffic control systems , airport ground lighting control systems ; building automation such as heating ventilation air conditioning (HVAC) controls , security alarm system controls . Others includes semiconductor equipment manufacturers test benches/fixtures . Regionally, North America dominates the global timing relay market followed by Europe and Asia Pacific respectively.
Product Definition:
A timing relay is a device used to activate or deactivate an electrical circuit at a specific time. The importance of timing relays lies in their ability to control the operation of various devices and systems according to a predetermined schedule. This can be helpful in automating tasks, regulating traffic flow, or controlling manufacturing processes.
On-delay:
On-delay is a technique where the transmission of data is delayed for some time. The purpose of this technique is to allow other processes in the network to complete their tasks before sending the data. On-Delay can be used by both senders and receivers, it's an asymmetric service where only one side (the receiver) needs to support ONDELAY whereas both sides (senders & receivers) must support CLONING.
Off-delay:
The off-delay is a signal that is sent by the timing relay to stop or delay the current cycle so that it can be repeated later. It's basically used to reduce the effect of propagation delays through a network. The technology was developed in order to overcome problems associated with traditional systems, which often resulted in dropped calls and poor audio quality due to long call set-up times.
Application Insights:
The industries segment dominated the global market in 2017. The application of the product is increasing in various industries including oil & gas, power generation, healthcare and manufacturing owing to its benefits such as improved communication and collaboration. Industries require precise time keeping for a variety of processes including plant maintenance, production line adjustment and even safety systems. Timing relays are used for critical applications where high accuracy is required to ensure smooth operations.
Utilities sector was one of the prominent sectors that adopted this technology early on during its development stage due to advantages such as increased reliability and enhanced control over grid operations which include frequency regulation, voltage stabilization & protection along with economic savings through energy efficiency improvements. The adoption has been significant especially in developed countries like U.S., Canada where utilities use these products at multiple distribution centers across different states or provinces for controlling large electrical grids from remote locations resulting into improved overall system reliability by reducing human errors associated with manual switch settings or mechanical switches used earlier at each location (utility).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in various sectors such as healthcare, manufacturing, and others. For instance, In June 2017, Siemens invested around USD X million for setting up a digital factory in China. The company aims to optimize its production processes using digital technologies such as automation and robotics.
Europe is also estimated to witness significant growth during the same period owing to growing demand from several major industries including manufacturing, energy & power generation (utility), oil & gas sector (generation), telecom sector (network operations).
Growth Factors:
- Increasing demand from the automotive industry for advanced safety features in vehicles
- Growing demand for energy-efficient systems in data centers and other industrial applications
- Proliferation of wireless communication technologies and the Internet of Things (IoT)
- Rising demand for precision time synchronization in telecommunications networks and other critical infrastructure applications
- Increasing adoption of timing relay solutions by original equipment manufacturers (OEMs)
Scope Of The Report
Report Attributes
Report Details
Report Title
Timing Relay Market Research Report
By Type
On-delay, Off-delay, Others
By Application
Utilities, Industries, Others
By Companies
Siemens, ABB, GE, Schneider, Eaton, Rockwell, Omron, Littelfuse, TE Connectivity, Phoenix Contact, Siemens, Fuji Electric, Macromatic Industrial Controls, Infitec, Mors Smitt
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
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Timing Relay Market Report Segments:
The global Timing Relay market is segmented on the basis of:
Types
On-delay, Off-delay, Others
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
Utilities, Industries, 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:
- Siemens
- ABB
- GE
- Schneider
- Eaton
- Rockwell
- Omron
- Littelfuse
- TE Connectivity
- Phoenix Contact
- Siemens
- Fuji Electric
- Macromatic Industrial Controls
- Infitec
- Mors Smitt
Highlights of The Timing Relay 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:
- On-delay
- Off-delay
- Others
- By Application:
- Utilities
- Industries
- 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 Timing Relay 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
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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?
Timing relay is a type of electronic timer that sends an interrupt signal to the microcontroller every time a specific time interval has elapsed. This can be used to control various functions, such as motors or lights, based on the elapsed time.
Some of the major players in the timing relay market are Siemens, ABB, GE, Schneider, Eaton, Rockwell, Omron, Littelfuse, TE Connectivity, Phoenix Contact, Siemens, Fuji Electric, Macromatic Industrial Controls, Infitec, Mors Smitt.
The timing relay 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 Timing Relay 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 Timing Relay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Timing Relay 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 Timing Relay 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 Timing Relay Market Size & Forecast, 2020-2028
4.5.1 Timing Relay Market Size and Y-o-Y Growth
4.5.2 Timing Relay 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 On-delay
5.2.2 Off-delay
5.2.3 Others
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 Utilities
6.2.2 Industries
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Timing Relay 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 Timing Relay 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 On-delay
9.6.2 Off-delay
9.6.3 Others
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 Utilities
9.10.2 Industries
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 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 On-delay
10.6.2 Off-delay
10.6.3 Others
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 Utilities
10.10.2 Industries
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 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 On-delay
11.6.2 Off-delay
11.6.3 Others
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 Utilities
11.10.2 Industries
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 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 On-delay
12.6.2 Off-delay
12.6.3 Others
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 Utilities
12.10.2 Industries
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) 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 On-delay
13.6.2 Off-delay
13.6.3 Others
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 Utilities
13.10.2 Industries
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 Timing Relay Market: Competitive Dashboard
14.2 Global Timing Relay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 ABB
14.3.3 GE
14.3.4 Schneider
14.3.5 Eaton
14.3.6 Rockwell
14.3.7 Omron
14.3.8 Littelfuse
14.3.9 TE Connectivity
14.3.10 Phoenix Contact
14.3.11 Siemens
14.3.12 Fuji Electric
14.3.13 Macromatic Industrial Controls
14.3.14 Infitec
14.3.15 Mors Smitt
