A time switch is a device that has a built-in mechanical or electronic timer that turns an electrical circuit on and off at certain times of the day. The electrical current typically is used to perform a task that otherwise would be done by a person. Time Switch work in a variety of areas, such as irrigation or other water pumps, indoor or outdoor lighting, ventilation systems and other devices that need to be turned on and off throughout the day. A time switch automatically performs these tasks so that a person doesn't have to remember to do so or have to physically flip a switch at certain times every day.
Currently, there are many producing companies in the world. The main market players are Intermatic Incorporated, Leviton, Legrand, Honeywell, Hager and so on. The production value of Time Switch is about 1305.7 Million USD in 2016.
North America is the largest production of Time Switch, with a production revenue market share nearly 36.29% in 2016.
The second place is Europe; following North America with the production market share over 32.49% in 2016. China is another important production market of Time Switch.
Time Switch used in industry including Lightings, Appliances, Industrial Devices and Others. Report data showed that 36.29% of the Time Switch market demand in Lightings, 28.28% in Appliances, and 20.40 % in Industrial Devices in 2016.
There are two kinds? productions constituting the Time Switch, which are Digital Time Switch and Analogue Time Switch. Analogue Time Switch is important in the Time Switch, with a production market share nearly 51.05% in 2016.
Briefly speaking, in the next few years, Time Switch industry will still be a relative steady industry. Sales of Time Switch have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries.
According to this study, over the next five years the Time Switch market will register a 5.5% CAGR in terms of revenue, the global market size will reach USD 1910 million by 2024, from USD 1380 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Time Switch business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Time Switch market by product type, application, key manufacturers and key regions and countries.
This study considers the Time Switch value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Digital Time Switch
Analogue Time Switch
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Lightings
Appliances
Industrial Devices
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Intermatic Incorporated
leviton
Legrand
Honeywell
Hager
Havells India Ltd
Theben Group
Eaton
OMRON
Lutron Electronics Co., Inc
Sangamo
Hugo M?ller
Panasonic Japan
Finder SPA
Enerlites
Any Electronics Co.,Ltd
Pujing
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Time Switch consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Time Switch market by identifying its various subsegments.
Focuses on the key global Time Switch manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Time Switch with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Time Switch submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
