Growing At A CAGR Of Over 4%, Timing Relay Market Is Estimated To Reach USD 573.65 Billion By 2024

Global Timing Relay Market is estimated to reach USD 573.65 Billion by 2024, growing at a CAGR of over 4%, in value terms owing to the rising adoption of timing relays across various end-users like the utilities, industrial segment etc. Moreover, increasing demand for electrical equipment coupled with the growing focus on renewable power generation is expected to drive the growth of Timing Relay Market during the forecast period. Based on the timer, the on-delay segment is anticipated to lead the market in the next five years due to its cost-effectiveness and ease of usage. Based on the functions, the single function segment is expected to lead the market by 2024, due to the growing need for accurate time control in OEM and industrial applications. Asia-Pacific is projected to lead the market in the next five years due to growing demand for electricity, rising industrialization and rapid urbanization in emerging economies like India and China. 

Years considered for this report:

Historical Year : 2014 - 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 - 2024

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Objective of the Study:

  • To analyse and forecast the market size of Global Timing Relay Market, in terms of value and volume.
  • To classify and forecast Global Timing Relay based on timer, mounting type, function, end-user and regional distribution.
  • To identify drivers and challenges for Global Timing Relay Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Timing Relay Market.
  • To conduct the pricing analysis for Global Timing Relay Market.
  • To identify and analyse the profile of leading manufacturers involved in the Global Timing Relay Market.


Some of the leading players in the Global Timing Relay Market are Siemens, ABB, GE, Schneider, Eaton, Rockwell, Omron, Littelfuse, TE Connectivity, Mitsubishi Electric etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Timing Relay manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Timing Relay manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the offerings, distribution channels and presence of all major Timing Relay manufacturers across the globe.

TechSci Research calculated the market size of Global Timing Relay Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Manufacturers of Timing Relay
  • Dealers and Suppliers of Timing Relay.
  • Traders and Distributors of Timing Relay.
  • Raw Material Suppliers.
  • Regulatory organizations.
  • Research organizations and consulting companies.
  • Market research and consulting firms.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Timing Relay manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Timing Relay Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Timer:
    • On-Delay
    • Off-Delay
    • Others
  • Market, By Mounting Type:
    • Panel Mounted
    • Din Rail Mounted
    • Others
  • Market, By Function:
    • Single Function
    • Multi-Function
  • Market, By End-User:
    • Utilities
    • Industries
    • Others
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Timing Relay Market segment.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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