What's driving the Transfer Switch Market trends? Key Company Profiled General Electric, Vertiv, Generac, Kohler, Cummins, Caterpillar, DynaGen, Briggs & Stratton, Eaton, Schneider Electric, ABB, Siemens

The latest research report on Transfer Switch Market added by DEC Research presents a detailed analysis concerning market share, market valuations, revenue estimation, SWOT analysis, and regional spectrum of the business. The report further highlights key challenges and growth prospects of the market, while examining the business outlook comprising expansion strategies implemented by market leaders.

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Germany, transfer switch market is predicted to exceed 150 thousand units annual installation by 2024. Rapid industrialization and urbanization along with expansion of off grid infrastructure across the nation will propel the industry landscape. Growing investments toward diversification of manufacturing units will further complement the business growth. In 2017, the Germany announced to invest USD 120 billion to support the automakers and suppliers.
Favorable government measures to encourage the development of rural electrification across the Africa and Asia region backed by growing investment from public and private held financial institutions will propel the transfer switch market growth. Increasing demand for electricity along with rapid expansion of isolated grid networks will further complement the industry outlook.

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Shift towards energy conservation coupled with growing measures for safe electricity supply over large T&D networks will boost the transfer switch market size. Increasing focus towards adoption of energy efficient technology along with expansion of smart grid networks will further augment the industry. In 2017, European countries including France, Italy, Sweden, Germany and UK have entered into smart grid agreement of worth USD 133.7 billion.

The >1600 ampere accounted for over 15% of global transfer switch market in 2016. Ongoing investments toward expansion of high tension transmission and distribution networks along with rapid industrialization across developing countries will boost the product penetration. Stringent government regulation towards operational safety standards along with heavy reliance on HVAC industrial networks will further complement the industry landscape.

Increasing investment towards upgradation and expansion of grid infrastructure along with growing implementation of advance monitoring and control units will stimulate the U.S. transfer switch market share. Rapid advancements across rail road infrastructure backed by the peninsula corridor electrification program will augment the industry. In 2017, Federal Transit Administration announced to invest USD 100 million for the development of infrastructure across the rail network of California.

Key Manufacturers General Electric, Vertiv, Generac, Kohler, Cummins, Caterpillar, DynaGen, Briggs & Stratton, Eaton, Schneider Electric, ABB, Siemens, Russelectric, AEG, MBH Electric, Zhejiang Yuye Electric

Table Of Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definitions and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Transfer switch industry 3600 synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Operation trends
2.1.3. Switching mechanism trends
2.1.4. Transition trends
2.1.5. Ampere rating trends
2.1.6. Installation trends
2.1.7. Regional trends

Read More About Transfer Switch Market - https://www.globenewswire.com/news-release/2017/08/29/1101607/0/en/Transfer-Switch-Market-worth-USD-1-8-Billion-by-2024-Global-Market-Insights-Inc.html

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