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Transfer Switch Market Size 2019| Industry Growth, Trends and Forecast by 2024

Author : Rahul Sankrityayan | Published Date : 2019-07-29 

Global Market Insights added a new report on Transfer Switch Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

The 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.

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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.

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Growth drivers    North America   Increasing demand for refurbishment of electric grid networks   Integration of advanced switching technologies    Europe   Growing security of supply concerns   Rising investments towards industrial expansion   Rapid expansion of micro-grid networks    Asia Pacific   Large-scale renewable integration reforms   Increasing demand for electricity    Middle East and Africa   Increasing demand for off grid electricity    Latin America   Growing demand for a sustainable electrical network

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.

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.

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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.

Partial Table of Contents (ToC) of the report:

Chapter 5.    Transfer Switch Market, By Switching Mechanism

5.1. Global market share by switching mechanism, 2016 & 2024

5.2. Contactor

5.2.1.   Contactor market, 2013 – 2024

5.2.2.   Contactor market by region, 2013 – 2024

5.3. Circuit breaker

5.3.1.   Circuit breaker market, 2013 – 2024

5.3.2.   Circuit breaker market by region, 2013 – 2024

5.3.3.   Molded case    Market estimates, 2013 – 2024    Molded case market, 2013 – 2024    Molded case market by region, 2013 – 2024

5.3.4.   Power case    Market estimates, 2013 – 2024    Power case market, 2013 – 2024    Power case market by region, 2013 – 2024

Chapter 6.    Transfer Switch Market, By Transition

6.1. Global market share by transition, 2016 & 2024

6.2. Closed

6.2.1.   Closed market, 2013 – 2024

6.2.2.   Closed market by region, 2013 – 2024

6.3. Open

6.3.1.   Open market, 2013 – 2024

6.3.2.   Open market by region, 2013 – 2024

6.3.3.   Delayed    Market estimates, 2013 – 2024    Delayed market, 2013 – 2024    Delayed market by region, 2013 – 2024

6.3.4.   In Phase    Market estimates, 2013 – 2024    In-phase market, 2013 – 2024    In-phase market by region, 2013 – 2024

Chapter 7.    Transfer Switch Market, By Ampere Rating

7.1. Global market share by ampere rating, 2016 & 2024

7.2. ≤ 400

7.2.1.   ≤ 400 market, 2013 – 2024

7.2.2.   ≤ 400 market by region, 2013 – 2024

7.3. 401 to 1600

7.3.1.   401 to 1600 market, 2013 – 2024

7.3.2.   401 to 1600 market by region, 2013 – 2024

7.4. >1600

7.4.1.   >1600 market, 2013 – 2024

7.4.2.   >1600 market by region, 2013 – 2024

Chapter 8.    Transfer Switch Market, By Installation

8.1. Global market share by installation, 2016 & 2024

8.2. Emergency systems

8.2.1.   Emergency systems market, 2013 – 2024

8.2.2.   Emergency systems market by region, 2013 – 2024

8.3. Legally required systems

8.3.1.   Legally required systems market, 2013 – 2024

8.3.2.   Legally required systems market by region, 2013 – 2024

8.4. Critical operations power systems

8.4.1.   Critical operations power systems market, 2013 – 2024

8.4.2.   Critical operations power systems market by region, 2013 – 2024

8.5. Optional standby systems

8.5.1.   Optional standby systems market, 2013 – 2024

8.5.2.   Optional standby systems market by region, 2013 – 2024

Related Report:

Gas Fired Boiler Market - https://www.marketwatch.com/press-release/gas-fired-boiler-market-share-2019-by-regional-revenue-trend-and-growth-forecast-2019-07-29

Composite Insulators Market- https://www.marketwatch.com/press-release/composite-insulators-market-size-2019-business-growth-trend-and-forecast-2025-2019-07-29

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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