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 low-cost 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 high-precision 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.
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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, Kübler Group, Murrelektronik, Panasonic, SIMEX, Tense Elektronik, TE Connectivity and Wieland Electric.
End Users Covered:
Food & Beverage
Chemical & Petrochemical
Oil & Gas
Other End Users
Analog Industrial Timers
Digital Industrial Timers
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
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
List Of Tables:
Table 1 Global Industrial Timer Market Outlook, By Region
Table 2 Global Industrial Timer Market Outlook, By End User
Table 3 Global Industrial Timer Market Outlook, By Food & Beverage
Table 4 Global Industrial Timer Market Outlook, By Chemical & Petrochemical
Table 5 Global Industrial Timer Market Outlook, By Oil & Gas
Table 6 Global Industrial Timer Market Outlook, By Power Generation
Table 7 Global Industrial Timer Market Outlook, By Other End Users
Table 8 Global Industrial Timer Market Outlook, By Product
Table 9 Global Industrial Timer Market Outlook, By Analog Industrial Timers
Table 10 Global Industrial Timer Market Outlook, By Digital Industrial Timers
Table 11 North America Industrial Timer Market Outlook, By Country
Table 12 North America Industrial Timer Market Outlook, By End User
Table 13 North America Industrial Timer Market Outlook, By Food & Beverage
Table 14 North America Industrial Timer Market Outlook, By Chemical & Petrochemical
Table 15 North America Industrial Timer Market Outlook, By Oil & Gas
Table 16 North America Industrial Timer Market Outlook, By Power Generation
Table 17 North America Industrial Timer Market Outlook, By Other End Users
Table 18 North America Industrial Timer Market Outlook, By Product
Table 19 North America Industrial Timer Market Outlook, By Analog Industrial Timers
Table 20 North America Industrial Timer Market Outlook, By Digital Industrial Timers
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