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Transfer Switch Market in Germany to reach over 150 ‘000 units of annual installations by 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-23 

Global Market Insights, Inc.: The Report 2018-2024 Transfer Switch Market Report explores the essential factors of the market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.

Germany transfer switch market is set to reach over 150 ‘000 units of annual installations by 2024. Rapid industrialization coupled with volant expansion of off-grid networks across the nation will boost the product demand. Ongoing diversification of manufacturing units favored by new establishments will further foster the industry growth. In 2017, Germany announced state funding of over USD 120 billion to support German based suppliers and automakers.

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he rapidly surging requirement of switching devices across residential & commercial sectors is a key factor that will drive transfer switch market in the ensuing years. Switching devices being a prime element of modern emergency power supply systems, claim high demand across myriad industrial sectors. Having recognized their immense potential in an array of application domains, transfer switch market players have been striving to bring about a novel portfolio of advanced products that would augment their position in transfer switch industry.325 Pages
666 Market Data Tables
12 Figures & Charts
Briggs & Stratton for instance, has expanded its footprints across the Canada belt. In addition, the company has partnered with ASCO to manufacture and engineer automatic transfer switches, which would certainly strengthen its position in transfer switch market. If estimates are to be believed, transfer switch industry has already chronicled its name in the billion-dollar fraternity in 2016.

Automation is the latest buzzword in the electrical arena, given the fact that the demand for technological advancements and automated operations has increased a great deal. Automation is being adopted by numerous companies across the globe with an aim to reduce human efforts and production time, which would subsequently increase the manufacturing efficiency by minimizing the capital cost of the product.

Taking into account the escalating deployment of automatic and self-driven equipment, Cummins Power Generation has recently launched automatic transfer switches for light commercial and residential generators. Speaking along similar lines, automatic operations served to account for a major portion of transfer switch market share in 2016. Another driver impelling the growth of this segment is the fact that automatic transfer switches are used in most of the home standby generators to transfer power within a few seconds.

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Transfer Switch Market, By Operation
• Manual
• Non-automatic
• Automatic
• By-pass isolation

Transfer Switch Market, By Switching Mechanism

• Contactor
• Circuit breaker
o Molded case
o Power case

Transfer Switch Market, By Transition
• Closed
• Open
o Delayed
o In-phase
Transfer Switch Market, By Ampere rating

• ≤ 400
• 401 to 1600
• > 1600
Transfer Switch Market, By Installation

• Emergency systems
• Legally required systems
• Critical Operations Power Systems (COPS)
• Optional standby systems

In a bid to increase the effectiveness and functionality of devices, major biggies partaking in transfer switch industry share have been continuously investing in research and development activities to design fast load transferring devices. A couple of years back, for instance, renowned multinational technology company, Raritan Inc. announced the launch of a new hybrid system in transfer switch market to overcome the limitations of traditional power switches.

Transfer switch market is inherently defined by a plethora of R&D investments toward the development of control technologies. A proportional amount of these investments, it is observed, is being provided by governmental organizations and regulatory bodies. In 2017, for instance, Blackstone, supported by the Saudi Arabian government, has made a proposition to invest around USD 40 billion across the U.S. infrastructure sector.

By virtue of the implementation of extensive research and development programs, companies in transfer switch industry have unearthed the reason behind the demand for tailored products, subject to which they have been attempting to generate high-end switches to be used with profound efficiency in a variety of commercial arenas. Adhering to the same, the requirement for high-grade facilities has also experienced a surge, on the grounds of which transfer switch market firms have commenced the expansion of their production facilities across myriad geographies. The tactic of these companies to fulfill the escalating demand for product integration is one of many crucial factors that will drive transfer switch industry share, which is forecast to witness an annual installation of around 5 million units by 2024.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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