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This report studies the Transfer Switches market. The transfer switch (TS) is an electrical device that allows the transfer of power sources to the load. This superior switching methodology means that if one power source fails, the TS switch connects the load to the back-up power source. The switch market comprises of two transfer switches, namely the automatic transfer switch (ATS) and manual transfer switch (MTS).
Sudden brownouts and voltage fluctuation, outages, blackouts, and uncertain weather conditions have led to the increase in demand for transfer switch in the market. The growing dependence on power and critical application in industries, commercial institutions, healthcare, transportation, and households is the driving factor for transfer switch market.
Market Analysis and Insights: Global Transfer Switches Market
The global Transfer Switches market was valued at US$ 997.5 in 2020 and will reach US$ 1415 million by the end of 2027, growing at a CAGR of 6.0% during 2022-2027.
Global Transfer Switches Scope and Market Size
The global Transfer Switches market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Transfer Switches market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Automatic Transfer Switches
Manual Transfer Switches
Segment by Application
Industrial
Commercial
Residential
The Transfer Switches market is analysed and market size information is provided by regions (countries). Segment by Application, the Transfer Switches market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Vertiv
GE
Eaton
Cummins
KOHLER
ABB
Briggs & Stratton
GENERAC
Socomec
Thomson Power Systems
Sudden brownouts and voltage fluctuation, outages, blackouts, and uncertain weather conditions have led to the increase in demand for transfer switch in the market. The growing dependence on power and critical application in industries, commercial institutions, healthcare, transportation, and households is the driving factor for transfer switch market.
Market Analysis and Insights: Global Transfer Switches Market
The global Transfer Switches market was valued at US$ 997.5 in 2020 and will reach US$ 1415 million by the end of 2027, growing at a CAGR of 6.0% during 2022-2027.
Global Transfer Switches Scope and Market Size
The global Transfer Switches market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Transfer Switches market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.
Segment by Type
Automatic Transfer Switches
Manual Transfer Switches
Segment by Application
Industrial
Commercial
Residential
The Transfer Switches market is analysed and market size information is provided by regions (countries). Segment by Application, the Transfer Switches market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.
By Company
Vertiv
GE
Eaton
Cummins
KOHLER
ABB
Briggs & Stratton
GENERAC
Socomec
Thomson Power Systems
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
