Transfer Switch Market Size, Share Analysis 2020 Business Strategies, Growth Opportunities, COVID – 19 Outbreak, Emerging Technologies, Regional Trends and Demand by Forecast 2028 | Vertiv, Briggs & Stratton, GENERAC, Thomson Power Systems, ABB, General

Global Transfer Switch Market Projected to Grow due to Increasing Demand in Electric and Power Applications

Transfer switch (TS) Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as residential, commercial, & industrial during the forecast period. It is an electrical switch that shifts the load between two sources. This superior switching methodology means the TS switch connects the load to the back-up power source if one power source fails. There are two types of transfer switches. In manual transfer switches, an operator affects the transfer by throwing a switch while in automatic transfer switches; they trigger when they sense one of the sources has lost or gained power. Transfer switches are used in generators on a large scale to provide a continuous flow of electricity. It helps to provide a proper supply of electricity and prevent uncertainties. Transfer switches are also used in data centers, telecom industries, and healthcare centers as there is a need for continuous electricity.

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Key Takeaways of the Transfer Switch Market Study
1. The transfer switch market is led by the automatic transfer switch segment, as it provides continuous power supply and instantly switches when it senses lack or variation in power. Rapid industrialization and growing urbanization are driving the transfer switch market.

2. The Asia-Pacific transfer switch market held the largest market share in 2014. China accounts for the largest share due to rapid industrialization.

3. The industrial segment accounted for the largest share in the global transfer switch market, followed by commercial and residential.

4. Effective prevention of inrush current across the electrical network favored by low initial costs will foster transfer switch market growth.

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Notable Development Trends to Open up New Horizons of Growth for Transfer Switch Market
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. Mar 27, 2020 - With the launch of the PWRview ATS, Generac is the first to offer a Home Energy Monitoring System (HEMS) built into the switch. It allows any to immediately access powerful, money-saving insights about the home's energy consumption.

2. Dec 07, 2017 - ABB has launched TruONE, an all-new automatic transfer switch (ATS) with connectivity and monitoring functions for critical power applications.

Major points covered in the report:
1. Macroeconomic factors affecting the Transfer Switch market and its potential
2. Transfer Switch Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Transfer Switch market
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are analyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Transfer Switch market, including detailed profiles of the top players in this market

Some of the major players in the Transfer Switch market are Vertiv, Briggs & Stratton, GENERAC, Thomson Power Systems, Caterpillar, MTS Power Products, Emerson Electric, Siemens, Reliance Controls, Mitsubishi Electric, Eaton Corporation PLC, Socomec, Eltek Power Systems, Generac Power Systems, ABB, Camsco Electric, Dynagen Technologies, General Electric, Cummins, Russelectric, Schneider Electric, Kohler, Lex Products, and Marathon Thomson Power System.

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Market Segmentation:

By Type:
• Automatic Transfer Switches
• Manual Transfer Switches

By Ampere:
• Low (less than 300A)
• Medium (300A-1600A)
• High (more than 1600A)

By Transition Mode:
• Open Transition Mode
• Closed Transition Mode
• Soft Load Transition Mode
• Delayed Transition Mode

By Application:
• Industrial
• Commercial
• Residential

By Region:

North America
o By Country (US, Canada, Mexico)
o By Type
o By Ampere
o By Transition Mode
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Ampere
o By Transition Mode
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Ampere
o By Transition Mode
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Ampere
o By Transition Mode
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Ampere
o By Transition Mode
o By Application

Rest of the World
o By Region (South America, Africa)
o By Type
o By Ampere
o By Transition Mode
o By Application

Reasons to Buy This Report:
• Market size estimation of the global transfer switch market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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