Transfer Switch Market in China to exceed USD 200 million by 2024| Vertiv, General Electric, Generac, Cummins, Kohler, DynaGen, Caterpillar, Eaton, Briggs & Stratton, Schneider Electric, Siemens, ABB, Russelectric, MBH Electric, Zhejiang Yuye Electric, an

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.

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The rapidly surging requirement of switching devices across residential & commercial sectors is a key factor that will drive transfer switch market in the ensuing years. Switching devices being a prime element of modern emergency power supply systems, claim high demand across myriad industrial sectors. Having recognized their immense potential in an array of application domains, transfer switch market players have been striving to bring about a novel portfolio of advanced products that would augment their position in transfer switch industry.

Briggs & Stratton for instance, has expanded its footprints across the Canada belt. In addition, the company has partnered with ASCO to manufacture and engineer automatic transfer switches, which would certainly strengthen its position in transfer switch market. If estimates are to be believed, transfer switch industry has already chronicled its name in the billion-dollar fraternity in 2016.
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Automation is the latest buzzword in the electrical arena, given the fact that the demand for technological advancements and automated operations has increased a great deal. Automation is being adopted by numerous companies across the globe with an aim to reduce human efforts and production time, which would subsequently increase the manufacturing efficiency by minimizing the capital cost of the product.

Taking into account the escalating deployment of automatic and self-driven equipment, Cummins Power Generation has recently launched automatic transfer switches for light commercial and residential generators. Speaking along similar lines, automatic operations served to account for a major portion of transfer switch market share in 2016. Another driver impelling the growth of this segment is the fact that automatic transfer switches are used in most of the home standby generators to transfer power within a few seconds.

In a bid to increase the effectiveness and functionality of devices, major biggies partaking in transfer switch industry share have been continuously investing in research and development activities to design fast load transferring devices. A couple of years back, for instance, renowned multinational technology company, Raritan Inc.

announced the launch of a new hybrid system in transfer switch market to overcome the limitations of traditional power switches. The development of highly efficient, reliable, and fast performance technologies will thus majorly influence transfer switch industry trends over the years ahead. The other prominent players in transfer switch market are Cummins corporation, General Electric, ABB, Eaton, Generac Power Systems, AEG, DynaGen, Siemens, Vertiv Co., Schneider Electric, Caterpillar, Kohler, Zhejiang Yuye Electric, Russelectric, MBH Electric.

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