Research and Technological Innovations to Bolster Developments in Static Transfer Switches Market

Increasing demand for electricity globally is facilitating numerous growth opportunities for static transfer switches market in recent past. With the growth of generator backed power supply and power utilities, the demand for static transfer switches is also expected to increase during forecast period.

Click Here to get a Sample (Including Full TOC, Table & Figures)
https://www.factmr.com/connectus/sample?flag=S&rep_id=5147

If any of the power sources between single phase and three phase goes off, then in such cases static transfer switches proves to be very effective in order to provide uninterrupted power supply. As, these switches are capable of providing 20 times faster load transfer as compare to traditional automatic transfer switches and manual transfer switches, hence this helps uninterrupted power supply. Due to this demand for these switches is increasing rapidly.

Considering the importance of static transfer switch for supply of back-up power to the critical application in various industries such as IT, healthcare, manufacturing and telecommunication sector, static transfer switch market is expected to grow considerable pace during the forecast period (2020-2030).

There are some restraining factors which needs to be considered because these factors could affect the growth of market. Lack of awareness about static transfer switches among some developing regions and need for regular maintenance could be the factors restraining the growth of static transfer switches market.

Static transfer switches market is experiencing mixed results due to COVID-19 outbreak

COVID-19 has affected many industries such as construction, automotive and also manufacturing industry. Governments of many countries have imposed a lockdown as a result of which industries are dealing with the problems such as halted production activity and disrupted supply chain. Also, operations in power plants in many countries across the globe was halted. These factors have impacted the growth of static transfer switches market. However, there is more demand for static transfer switches from healthcare industry due to COVID-19 outbreak.

Need more information about Report Methodology? Click here
https://www.factmr.com/connectus/sample?flag=RM&rep_id=5147

Segmentation analysis of static transfer switches market:

Static transfer switches market is bifurcated into five major categories: phase type, ampere rating, end use, distribution channel and region.

On the basis of phase type, the global market for static transfer switches is categorized as:

Single phase
Three phase
On the basis of ampere rating, the global market for static transfer switches is categorized as:

Less than 500 A
501-1000 A
1001-2000 A
More than 2000 A
On the basis of End use, the global market for static transfer switches is categorized as:

Telecommunication
Automotive
Energy
Commercial buildings
Other
On the basis of sales channel, the global market for static transfer switches is categorized as:

Conventional Store
Online Channels
Direct Sales
Based on the region, the global market for static transfer switches is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa
Static transfer switches market: Regional Outlook

East Asia and South Asia is expected to dominate static transfer switches market considering the development in the countries such as China and India. These regions are witnessing considerable growth in the automotive and power sector and technological upgradation in these regions is driving the growth of static transfer switches market. Therefore, these regions are expected to create noteworthy opportunities for static transfer switches manufacturers.

Also, North America region is expected contribute immensely in the growth of static transfer switches market. Technological advancements in the countries such as US helping the market to grow at considerable rate in North America region.

Navigate Here to get a TOC of the Report
https://www.factmr.com/connectus/sample?flag=T&rep_id=5147

Key players in static transfer switches are working on key strategies to gain more market share:

Key players in static transfer switches are using various strategies such as new product launches, partnerships, investment in R&D activities and acquisitions. For instance, in 2017 ABB Company which operations mainly in robotics, power and electrical equipment has launched extension of Cyberex SuperSwitch 4 digital static transfer switch (DSTS). This static transfer switch is designed with true fault tolerance effect and it is capable of detecting the power quality with optimum efficiency and reliability. Therefore, with such advancements in the product, the demand for static transfer switches is expected to increase which will ultimately help the market to grow.

Also, Schneider Electric, one of the key player in the market has been continuously trying to innovate its product offerings by investing high amount in R&D activities. These advanced static transfer switches are high in redundancy and also very reliable for automatic transfer between power sources.

Other key players in the static transfer switches market include Cummins, Honeywell, Emerson, Eaton corporation, Generac, APC, Delta Electronics, PDI Corp., Socomec and Vertiv.

The research report presents a comprehensive assessment of the static transfer switches market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. This static transfer switches market report provides analysis and information, according to market segments such as phase type, ampere rating, end use, distribution channel and region.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website:
https://www.factmr.com
Research Insight:
https://www.factmr.com/report/5147/static-transfer-switches-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.