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Global Industrial Timer Market 2017-2021

About Industrial Timer

An industrial timer is a relay that has an output (with or without contact), which electrically closes (turns on) or opens (turns off) the circuit after a preset time elapses when the electrical or mechanical input is given. Analog industrial timers have a large setting dial and moving pointers, which offer easy operation and monitoring in the end-user industries; in addition, their robust structure provides an added advantage to the growth of the market.

Technavio’s analysts forecast the global industrial timer market to grow at a CAGR of 4.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial timer market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Timer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • OMEGA Engineering
  • OMRON
  • General Electric
  • Siemens
  • Rockwell Automation
Other prominent vendors
  • ABB
  • ASCON TECNOLOGIC
  • Bellofram Group of Companies
  • Crouzet Automatismes
  • Danfoss
  • Eaton
  • Eolane Technology (Suzhou)
  • Eti
  • Fanox
  • Fargo Controls
  • Fortress Interlocks
  • GIC India
  • Global Equipment Company
  • Industrial Timer Company
  • Intermatic Incorporated
  • JORC Industrial
  • Kübler Group
  • Minilec
  • Murrelektronik
  • ORBIS TECNOLOGÍA ELÉCTRICA
  • Panasonic
  • Selec
  • SIMEX
  • TE Connectivity
  • TELE
  • Tense Elektronik
  • Wieland Electric
Market driver
  • Increasing availability of low-cost industrial timers
  • For a full, detailed list, view our report
Market challenge
  • Use of PLCs and industrial PCs
  • For a full, detailed list, view our report
Market trend
  • Miniature and ultra-slim industrial timers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Timer Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial timer market: OMEGA Engineering, OMRON, General Electric, Siemens, and Rockwell Automation.

Other Prominent Vendors in the market are: ABB, ASCON TECNOLOGIC, Bellofram Group of Companies, Crouzet Automatismes, Danfoss, Eaton, Eolane Technology (Suzhou), Eti, Fanox, Fargo Controls, Fortress Interlocks, GIC India, Global Equipment Company, Industrial Timer Company, Intermatic Incorporated, JORC Industrial, Kübler Group, Minilec, Murrelektronik, ORBIS TECNOLOGÍA ELÉCTRICA, Panasonic, Selec, SIMEX, TE Connectivity, TELE, Tense Elektronik, and Wieland Electric.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is miniature and ultra-slim industrial timers. Industrial timers are becoming smaller in order to fit into smaller machines. Industrial timers are evolving owing to R&D and now incorporate a high level of intelligence to ensure more efficiency in operations, thus enabling accuracy and high performance. These products are ultra slim, which makes it easier to integrate them machines and allow maximum control with low energy consumption while optimizing operational efficiency.”

According to the report, one driver in the market is increasing availability of low-cost industrial timers. The market for industrial timers is heavily driven by digital industrial timers, and this is due to the market growth in the developing countries where the cost of these products has led to their preference over PLCs. The cost of analog industrial timers has also been reduced with the incorporation of multifunctional features. These low-cost industrial timers are also used in safety devices and can handle high temperatures and strong vibrations from machines on the factory floor.

Further, the report states that one challenge in the market is use of PLCs and industrial PCs. Programmable logic controllers (PLCs) are being increasingly adopted in most manufacturing operations while mini PLCs are also finding uses in both discrete and process industries for minor operational activities. These PLCs can be used for different programming functions and can perform and analyze process faults and various other functions, which add to their adoption in large scale industries. These are mainly used in assembly lines in both process and discrete industries. The current trend of adopting industrial PCs by MNCs and leading companies has a negative impact on both industrial timers and PLCs.

Companies Mentioned

OMEGA Engineering, OMRON, General Electric, Siemens, Rockwell Automation, ABB, ASCON TECNOLOGIC, Bellofram Group of Companies, Crouzet Automatismes, Danfoss, Eaton, Eolane Technology (Suzhou), Eti, Fanox, Fargo Controls, Fortress Interlocks, GIC India, Global Equipment Company, Industrial Timer Company, Intermatic Incorporated, JORC Industrial, Kübler Group, Minilec, Murrelektronik, ORBIS TECNOLOGÍA ELÉCTRICA, Panasonic, Selec, SIMEX, TE Connectivity, TELE, Tense Elektronik, and Wieland Electric.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global process automation and instrumentation market in 2016 and 2020($ Billion)
  • Market landscape
    • Market overview
      • Table Market landscape
    • Market size and forecast
      • Table Global industrial timer market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Segmentation of the global industrial timer market based on product 2016 and 2021(% share)
    • Global digital industrial timer market
      • Table Global digital industrial timer market 2016-2021 ($ millions)
    • Global analog industrial timer market
      • Table Global analog industrial timer market 2016-2021 ($ millions)
  • Market segmentation by end-user
    • Market overview
      • Table Segmentation of the global industrial timer market based on end-users in 2016 and 2021 (% share)
    • Global industrial timer market in the oil and gas industry
      • Table Global industrial timer market in the oil and gas industry 2016-2021 ($ millions)
    • Global industrial timer market in the chemical and petrochemical industry
      • Table Global industrial timer market in the chemical and petrochemical industry 2016-2021($ millions)
    • Global industrial timer market in the power industry
      • Table Global industrial timer market in the power industry 2016-2021 ($ millions)
    • Global industrial timer market in the food and beverage industry
      • Table Global industrial timer market in the food and beverage industry 2016-2021($ millions)
    • Global industrial timer market in other industries
      • Table Global industrial timer market in other industries 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global industrial timer market by geography 2016 and 2021 (% share)
    • Industrial timer market in APAC
      • Table Industrial timer market in APAC 2016-2021 ($ millions)
    • Industrial timer market in EMEA
      • Table Industrial timer market in EMEA 2016-2021 ($ millions)
    • Industrial timer market in the Americas
      • Table Industrial timer market in the Americas 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Miniature and ultra-slim industrial timers
    • Increasing popularity of smart and programmable industrial timers
    • Growth potential in developing economies
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • General Electric
      • Table General Electric: Product segments
      • Table General Electric: Industrial timer product portfolio
    • OMEGA Engineering
      • Table OMEGA Engineering: Product segments
      • Table OMEGA Engineering: Industrial timer product portfolio
      • Table OMEGA Engineering: Key highlights
    • OMRON
      • Table OMRON: Product segments
      • Table OMRON: Industrial timer product portfolio
      • Table OMRON: Key highlights
    • Siemens
      • Table Siemens: Business segments
      • Table Siemens: Industrial timer product portfolio
      • Table Siemens: Key highlights
    • Rockwell Automation
      • Table Rockwell Automation: Product segments
      • Table Rockwell Automation: Industrial timer product portfolio
      • Table Rockwell Automation: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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