Transfer Switch Market to Surpassed $1.8bn by 2024: Key Players GE, Eaton, Siemens, ABB, Schneider Electric, Kohler Co., Caterpillar Inc., Vertiv

Transfer Switch market will surpass USD 1.8 billion by 2024, as reported in the latest study by Global Market Insights, Inc. 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).

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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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.

Transfer switch industry is replete with the introduction of uniquely designed products, subject to the ever-growing demand across fire-alarms, communication, HVAC networks, signaling, and security. Eaton for instance, in 2015, had introduced a novel automatic transfer switch (ATS) for data centers across the American belt, called the eATS30 Monitored platform. Eaton’s flagship product, in the event of power failure, was designed to switch over to an alternating power source, which allowed for the availability of consistent uptime for single power-sourced equipment. The eATS30 is also designed to work in tandem with other power solutions of the transfer switch market giant, UPSs (uninterruptible power systems) and PDUs (power distribution units). Eaton’s product experimentation and launch stands as an indicator of the fact that companies partaking in transfer switch industry share are consistently attempting to bring forth innovative products that can be utilized effectively in legally required systems, emergency systems, optional standby systems, and critical operation power systems.

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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.

Favorable government policies pertaining to rural electrification across the Asian and African sub-continent supported by rising investments from private and publicly held financial institutions will embellish the transfer switch market growth. The Asian Development Bank (ADB), and International Finance Corporation (IFC) across the years have continually funded rural electrification campaigns across the regions. Growing demand for electricity coupled with rapid expansion of isolated grid networks will further thrust the product penetration.

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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
 GE
 Eaton
 Siemens
 ABB
 Schneider Electric
 Kohler Co.
 Caterpillar Inc.
 Vertiv
 Briggs & Stratton
 Generac Power Systems
 Cummins Allison
 DynaGen Technologies
 Russelectric®

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