According to Stratistics MRC, the Global Industrial Timer Market is expected to grow at a CAGR of 5.5% during the forecast period. Industrial Timers is a relay that has an output and are used in different industries, which electrically turn on or turn off the circuit behind a fixed time elapses where electrical or mechanical input is given. Availability of lowcost industrial timers is a major factor that has a positive impact on the market growth. However, substitute such as usage of PLC's and industrial PC's are hampering the market during the forecast period.
By product, rising demand from the end users industries has led to the growth of this segment. Analog and digital timers are extensively used in process control equipment to support in process regulation. The existing features such as highprecision time settings and multifunctional applications will further favor the growth of this market segment.
Based on end user, oil gas segment has a major growth in North America and Middle East regions due to growing investments on timers. The demand for timers in end user industries is mainly attributed to its benefits that assist in protecting the power supply in industrial machinery and equipments.
Depending on geography, Asia Pacific region dominates the global market owing to existence of major industrial timer manufacturers. Moreover, growing demand for SME's i.e small and medium scale enterprises in different parts of the region will also favor for the market growth over the forecast period.
Some of the key players in this market include Rockwell Automation, General Electric, OMEGA Engineering, Siemens, OMRON, ABB, Bellofram Group of Companies, Danfoss, Eolane Technology Suzhou, Fanox, Fortress Interlocks, Global Equipment Company, Intermatic Incorporated, Kbler Group, Murrelektronik, Panasonic, SIMEX, Tense Elektronik, TE Connectivity and Wieland Electric.
End Users Covered:
Food Beverage
Chemical Petrochemical
Oil Gas
Power Generation
Other End Users
Products Covered:
Analog Industrial Timers
Digital Industrial Timers
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o U.K.
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East Africa
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
