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Middle East & Africa Timing Relay Market Size & Outlook

The timing relay market in Middle East & Africa is expected to reach a projected revenue of US$ 32.2 million by 2030. A compound annual growth rate of 2.5% is expected of Middle East & Africa timing relay market from 2024 to 2030.

Revenue, 2023 (US$M)
$27.1
Forecast, 2030 (US$M)
$32.2
CAGR, 2024 - 2030
2.5%
Report Coverage
Middle East & Africa

Middle East & Africa timing relay market, 2018-2030 (US$M)

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MEA timing relay market highlights

  • The MEA timing relay market generated a revenue of USD 27.1 million in 2023.
  • The market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
  • In terms of segment, delay-on relay was the largest revenue generating type in 2023.
  • Delay-on relay is the most lucrative type segment registering the fastest growth during the forecast period.


MEA data book summary

Market revenue in 2023USD 27.1 million
Market revenue in 2030USD 32.2 million
Growth rate2.5% (CAGR from 2023 to 2030)
Largest segmentDelay-on relay
Fastest growing segmentDelay-on relay
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDelay-on relay


Other key industry trends

  • In terms of revenue, MEA region accounted for 4.6% of the global timing relay market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 268.1 million by 2030.

Key Regions: UAE , U.S. , UK , Japan , Brazil

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Timing Relay Market Scope

Timing relay market segmentation & scope
Type
Delay-on relay
Delay-off relay
End Use
Utility
Industrial
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

Timing Relay Market Companies

Name Profile # Employees HQ Website

Middle East & Africa timing relay market

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