The safety relay and timers market in the Asia-Pacific region is estimated to be worth USD XX billion in 2016 and is projected to grow at a CAGR of XX.XX% during the forecast period to reach USD XX billion by 2021.
Even though China, the region with the largest market share in APAC, showed sluggish growth in 2014, APAC is expected to have the largest market for safety relays & timers. The shift of manufacturing industries to Asia, the growing dispensable income among the middle class, and the developments in the South East Asia, including the ‘Make in India’ campaign by the Indian government, will boost the safety relays & timers market in Asia.
The Asia-Pacific safety relays and timers market is broadly segmented on the basis of types, end-users, and geography. On the basis of types, the safety relays market has been segmented into single-function safety relays and modular & configurable safety relays. On the basis of its end-users, its applications have been explained under segments such as automotive, energy & power, manufacturing, pharmaceutical, construction, and more.
Some of the market players mentioned in the report are:
- ABB
- IDEC
- Rockwell Automation
- SICK
- Siemens
What the Report Offers
- Market definition for safety relays and timers along with identification of key drivers and restraints for the market
- Market analysis of the Asia-Pacific relays and timers market, with region-specific assessments
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share
- Identification and analysis of the macro and micro factors that affect the Asia-Pacific safety relays and timers market on both the global and regional scale
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
