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Transfer Switch Market Analysis, Trends and Forecast 2015 - 2023

Transfer Switch Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
Published 16 September 2015

Transfer switch is an electromechanical switch which acceleratesswitching between two or more power sources. It guaranteesconvenient and hassle free switching and uninterrupted power supply in commercial,residential and industrial operations. Transfer switches transfer the electrical distribution structures or load between two different power sources, making it a partof backuppower system. Transfer market isprimarily oftwo types, namely, static or manual transfer switches and automatic transfer switches. A manual transfer switch shifts loads between two power sources with the help of power semiconductors,whereas, an automatic transfer switch is used to transmit power among a primary and secondary power source. These switches facilitate rapid transfer of powerdue to lackof movement of present mechanical parts. Both the switches have their different advantages over each other. Considering quality and price ratio, automatic transfer switch has a significantadvantage. However, static or manual transfer switches are operatedwhen the demand is for high quality with minimal stress on price.

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Increasing demand for uninterrupted power and rise in the adoption of smart grid technologyin industries, commercial institutions, healthcare, transportation, and householdsis driving the demand for transfer switches. Moreover, continuous demand of power for critical applications and supply-demand gap in utility power is observed. This is, in turn, influencing the growth of transfer switches market.At the same time, lack of awareness about the applications of transfer switches in developing countries is restraining the market growth, globally. Another obstruction in the market growth is the requirement of regular maintenance. However,increasing rate of urbanization and industrialization is creating new opportunities for the industry players. Also, replacement of old power grid and transmission system with smart grid technology due to its high efficiency and less maintenance cost is expected to create new opportunities for the manufacturers.

Global transfer switch market is segmented by switch type, by ampere rating, by transition mode, by end use application and by geography. The switch type segmentation covers automatic transfer switch and manual transfer switch. Automatic transfer switch is further sub-segmented into contactor based transfer switch, circuit based transfer switch and static transfer switch. In terms of ampere rating, the market is segmented into- 0-300A ratings, 301-1600A ratings and 1601-4000A ratings. On the basis of transition mode, the market is segmented into- soft load transition mode, closed transition mode, delayed transition mode, and open transition mode.The market is also segmented on the basis of its applications such as industrial, commercial and residential. Industrial switch transfer application is further segmented into power utilities, telecom and IT, and transportation.The global market segments in terms of geographical regions include Asia-Pacific, Europe, North America, Latin America, and Middle-East and Africa (MEA).Asia-Pacific accounts considerably more market share of transfer switches due to the growing trend in the industrial and commercial sector, especially in countries such as China and India.

Some of the major players operating in the transfer switch market are ABB Ltd., General Electric Company, Emerson Electric Co., Socomec SAS, Cummins Inc., Schneider Electric SE, Eaton Corporation, Siemens AG, Eltek Power Systems, Generac Power Systems, Russelectric Inc., Caterpillar Inc., Kohler Co., Camsco Electric Co., and Marathon Thomson Power Systems.

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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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