Timing Relay Market Witnessing Significant Growth

  • The on-delay segment is expected to hold the largest share of the timing relay market, by timer, during the forecast period.
  • The panel mounted segment accounts for the largest share of the timing relay market, by mounting type, during the forecast period.
  • The utilities segment is expected to be the largest end-user segment of the timing relay market during the forecast period.

The timing relay market is expected to grow from an estimated value of $464.1 million in 2017 to $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.

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.

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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.

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.

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Leading 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.

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Prathmesh Patil

Data Analyst | Versatile | Result Driven Analyst

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