Press release
Transfer Switch Market Analysis Focusing on Top Key Players – Generac, Cummins, Kohler, DynaGen, Caterpillar, Eaton, Briggs & Stratton, Schneider Electric, Siemens, ABB, Russelectric
Transfer Switch Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Transfer Switch market size will exceed USD 1.8 billion by 2024. Rising infrastructural spending subject to pervasive commercial and residential establishments across developing economies will stimulate the transfer switch market size. Refurbishment of conventional grid infrastructure along with rapid adoption of advanced monitoring and control units will further augment the industry outlook. In 2017, East spring Investments in Hong Kong, has signed a deal to invest USD 500 million across the emerging economies infrastructure debt, parallel to the International Finance Corporation (IFC).
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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.
Paradigm shift in context to energy conservation along with rising security of supply concerns will embellish the transfer switch market potential. Increasing focus towards energy efficiency favored by briskly expanding smart grid networks will further complement the business outlook. In 2017, Western European countries including Sweden, UK, France, Germany, and Italy have entered a smart grid agreement. The agreement lays investment targets worth USD 133.7 billion subject to the expansion of smart grid networks across the region.
The >1600 ampere in 2016, accounted for over 15% of the global transfer switch market. Expansion of high-tension T&D industrial infrastructure along with rapid industrialization across developing regions will positively impact the business landscape. Increasing reforms toward the operational safety coupled with high-end dependency on HVAC industrial networks will further enhance the product penetration.
The U.S. transfer switch market will witness strong growth owing to rising investments toward the upgradation of conventional grid infrastructure along with the integration of advance control and monitoring technologies. Expeditious advancements across the rail-road infrastructure propositions endorsed by the peninsula corridor electrification program will embellish the industry share. In 2017, Federal Transit Administration provisioned an investment worth USD 100 million towards the expansion of electrical infrastructure across the California's rail networks.
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China transfer switch market will grow on account of ongoing reforms pertaining to establishment of a sustainable electrical network. Favorable government norms toward the replacement of fossil fuels with sustainable energy resources favored by renewable integration targets will positively drive the industry growth. In 2017, National Energy Administration of China proposed an investment worth USD 326 billion toward strengthening of renewable energy networks by 2020.
Eminent players across the transfer switch market include Vertiv, General Electric, Generac, Cummins, Kohler, DynaGen, Caterpillar, Eaton, Briggs & Stratton, Schneider Electric, Siemens, ABB, Russelectric, MBH Electric, Zhejiang Yuye Electric, and AEG.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Transfer Switch Industry Insights
Chapter 4. Transfer Switch Market, By Operation
Chapter 5. Transfer Switch Market, By Switching Mechanism
Chapter 6. Transfer Switch Market, By Transition
Chapter 7. Transfer Switch Market, By Ampere Rating
Chapter 8. Transfer Switch Market, By Installation
Chapter 9. Transfer Switch Market, By Region
Chapter 10. Company Profiles
For More Details about this report: https://www.marketstudyreport.com/reports/transfer-switch-market
Related Report:
United States Contactor Based Transfer Switch Market Report 2017
In this report, the United States Contactor Based Transfer Switch market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-contactor-based-transfer-switch-market-report-2017/?utm_source=RR-AN
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