Stratview Research has launched a new report, titled Timing Relay Market, By Timer (On-Delay, Off-Delay), By End Use (Utilities, Industries), and Region

Covid-19 Impact Analysis:

Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.

According to the report, The Timing Relay Market is estimated to grow from USD 532.6 million in 2020 to USD 700.8 million by 2026 at a healthy CAGR of 4.8% during the forecast period.

Market Segments’ Analysis

Based on a timer, the timing relay market has been classified into on-delay and off-delay. The on-delay segment accounted for the largest market share in 2020 and is likely to register a healthy CAGR during the assessment period. This is mainly attributed to its ease of operation as well as high durability.

By region, the Asia Pacific Timing Relay market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The timing relay market growth is mainly propelled by expanding industrial and transportation sectors. In addition to this, China and Australia are the top mining countries in the region, which have been implementing real-time conveyor monitoring systems to enhance operational efficiency & production in the region. Time relays are a vital component for the proper working of these systems, thus bolstering the regional market growth.

The North America Timing Relay market is expected to grow at a healthy CAGR during the review on account of the growth of the major end-use industries. Increasing adoption of timing relays in transportation and industrial sectors in the US coupled with rising investments to improve automation is expected to bolster the regional market growth.

Key Players

The following are the key players in the Timing Relay market

  • General Electric Company (US)
  • ABB Ltd. (Switzerland)
  • Siemens AG (Germany)
  • Eaton Corporation plc (Ireland)
  • G&W Electric Company (US)
  • Hubbell Incorporated (US)
  • Schneider Electric SE (France)
  • Rockwell Automation, Inc. (US)
  • Mitsubishi Electric Corporation (Japan)
  • S&C Electric Company (US)

Frequently Asked Questions –

This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:

  • What is the current and future market size of Timing Relay market?
  • How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
  • What will be the short and long-term effects of the pandemic?
  • How are other market factors affecting the market dynamics?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the Timing Relay market competition?
  • What are the key emerging trends and unmet needs in the present market?
  • What are the strategic growth opportunities and key success factors?

Read the full report:

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