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(IT-NEWSWIRE.COM, December 13, 2017 ) According to Publisher, 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.
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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.
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
-Power Generation
-Other End Users
Products Covered:
-Analog Industrial Timers
-Digital Industrial Timers
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Regions Covered:
-North America
US
Canada
Mexico
-Europe
Germany
U.K.
Italy
France
Spain
Rest of Europe
-Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
-South America
Argentina
Brazil
Chile
Rest of South America
-Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
Company Profiling
9.1 Rockwell Automation
9.2 General Electric
9.3 OMEGA Engineering
9.4 Siemens
9.5 OMRON
9.6 ABB
9.7 Bellofram Group of Companies
9.8 Danfoss
9.9 Eolane Technology (Suzhou)
9.10 Fanox
9.11 Fortress Interlocks
9.12 Global Equipment Company
9.13 Intermatic Incorporated
9.14 Kübler Group
9.15 Murrelektronik
9.16 Panasonic
9.17 SIMEX
9.18 Tense Elektronik
9.19 TE Connectivity
9.20 Wieland Electric
For more information about this report: http://www.reportsweb.com/industrial-timer-global-market-outlook-2017-2023
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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