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Major Growth Expected in Transfer Switch Market | Key Company Profiled Kohler Co., Caterpillar Inc., Vertiv, Briggs & Stratton, Generac Power Systems, Cummins Allison, Russelectric®

02-19-2019 07:52 PM CET | Energy & Environment

Press release from: Global Market Insights, Inc.

Transfer Switch Market

Transfer Switch Market

The U.S. accounted for over 70% of the North America transfer switch market share owing to the expediting replacement demand for existing grid infrastructure. Increasing adoption of customized products along with smart control switching technologies will positively influence the business landscape. Department of Energy in 2015 re-enacted the Building America program with an aim to ensure the integration of a sustainable electrical network across the country. Henceforth, ongoing regulatory reforms favoured by the amenable adoption of advancing switching technologies will foster the industry landscape.

Request for a sample of research report @ https://www.gminsights.com/request-sample/detail/2037

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).

Increasing demand for rural electrification across developing economies favoured by ongoing refurbishment of electrical networks across the developed regions will drive the ≤ 400 Ampere transfer switch market size. Frequent voltage fluctuations coupled with volatile phase change operations across residential and small-scale industrial establishments will foster the demand for backup power sources. However, the increasing penetration of auxiliary sources of power will further enhance the product demand.

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.

Bulk manufacturing coupled with extensive R&D investments toward the development of advance protection & control technologies have been the prominent strategic implication adopted by the key participants. High-end tailored products and expansion of production facilities to cope with amplifying demand for flexible product integration prevail to be other critical factors influencing the industry rivalry.

Inquiry before purchasing report @ https://www.gminsights.com/inquiry-before-buying/2037

Eminent players across the transfer switch market include
• Schneider Electric
• Kohler Co.
• Caterpillar Inc.
• Vertiv, Briggs & Stratton
• Generac Power Systems
• Cummins Allison
• DynaGen Technologies
• Russelectric®

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://global4energy.com/

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