Transfer Switches Market Analysis and Growth Potential Report 2019 | Vertiv, GE, Eaton, Cummins, KOHLER, ABB

The global Transfer Switches market is valued at 780 million US$ in 2018 is expected to reach 1250 million US$ by the end of 2025, growing at a CAGR of 6.0% during 2019-2025.

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).

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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.

The Asia-Pacific transfer switch market held the largest market share in 2016. The market in China accounts the Second share in this region. Rapid industrialization is driving the market growth in this country. Also, some of the world’s largest transfer switch manufacturers are present in China.

The need for the installation of transfer switch is more seen in the industrial sector as most of the industrial end users rely on continuous power. The sector comprises mainly power rental companies, utilities, telecom & IT (datacenters) and construction & manufacturing, mining industries, oil & gas, automotive, & pharmaceuticals industries. In terms of value, the industrial segment accounted for the largest share in the global transfer switch market, followed by commercial and residential.

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Major Key players of Transfer Switches market reports are: Vertiv, GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems,

The report focuses on various regional markets for each of the segment within the Surgical Lighting market. The major regions include North America, Europe, APAC, MEA, and Latin America. This report presents a detailed analysis, market sizing, and forecasting for the emerging segment within the Transfer Switches market. The report is thoroughly segmented by product type, application, vertical, and region.

Transfer Switches Market Segmentation by Types:

Automatic Transfer Switches
Manual Transfer Switches

Transfer Switches Market Segmentation by Applications:

Industrial
Commercial
Residential

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Highlights from the TOC:

Market Overview: Readers are provided with a brilliant overview of the global Transfer Switches market and the scope of products available for commercial sale. Here, the authors of the report also touch on key segments of the global Transfer Switches market and give a glimpse of the market size by value and volume.

Competition by Manufacturers: This section of the report shows how different manufacturers are performing in the global Transfer Switches market on the basis of average price, revenue, and production.

Production Market Share by Region: It includes market analysis of each region and country studied in the report in terms of gross margin, price, revenue, production, and growth rate.

Company Profiles and Key Figures in Business: It lists all players studied in the report on the basis of markets served, gross margin, price, revenue, production, product specification, application, and production sites.

Manufacturing Cost Analysis: It covers industrial chain analysis, raw material analysis, manufacturing cost structure, and other key aspects.

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