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.
Scope of the Report:
This report focuses on the Time Switch in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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.
The worldwide market for Time Switch is expected to grow at a CAGR of roughly 5.5% over the next five years, will reach 1910 million US$ in 2023, from 1380 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Havells India Ltd
Lutron Electronics Co., Inc
Any Electronics Co.,Ltd
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Digital Time Switch
Analogue Time Switch
Market Segment by Applications, can be divided into
There are 15 Chapters to deeply display the global Time Switch market.
Chapter 1, to describe Time Switch Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Time Switch, with sales, revenue, and price of Time Switch, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Time Switch, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Time Switch market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Time Switch sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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