An automatic transfer switch (ATS) is a device that automatically transfers a power supply from its primary source to a backup source when it senses a failure or outage in the primary source. When a failure occurs in a primary power system, the ATS invokes a standby power source, such as an uninterruptable power supply. An ATS can also start up more long-term backup power systems, such as local diesel generators, to run electric equipment until utility power is restored.
Transfer switch is an electromechanical device which facilitates switching between two or more power sources mainly backup generators. It assures convenient and hassle free switching and continuous power supply in industrial, commercial and residential operations. The market drivers of the transfer switch market are entirely influenced by power distribution & transmission industry. Growth in the related as well as complementary markets, of generators and alternate energy sources, also contribute towards the growth of transfer switch market.
Sudden brownouts and voltage fluctuation, outages, blackouts, and uncertain weather conditions have led to the increase in demand for transfer switch in the market. The growing dependence on power and critical application in industries, commercial institutions, healthcare, transportation, and households is the driving factor for transfer switch market.
The Asia-Pacific transfer switch market held the largest market share in 2016. The market in China accounts the Second share in this region. Rapid industrialization is driving the market growth in this country. Also, some of the world’s largest transfer switch manufacturers are present in China.
The need for the installation of transfer switch is more seen in the industrial sector as most of the industrial end users rely on continuous power. The sector comprises mainly power rental companies, utilities, telecom & IT (datacenters) and construction & manufacturing, mining industries, oil & gas, automotive, & pharmaceuticals industries. In terms of value, the industrial segment accounted for the largest share in the global transfer switch market, followed by commercial and residential.
According to this study, over the next five years the Automatic Transfer Switches market will register a 6.6% CAGR in terms of revenue, the global market size will reach US$ 1450 million by 2024, from US$ 990 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automatic Transfer Switches business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Automatic Transfer Switches market by product type, application, key manufacturers and key regions and countries.
This study considers the Automatic Transfer Switches value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Open transition
Closed transition
Static transfer switch (STS)
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Industrial
Commercial
Residential
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
GE
Eaton
Cummins
KOHLER
ABB
Briggs & Stratton
Vertiv
GENERAC
Socomec
Thomson Power Systems
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automatic Transfer Switches consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automatic Transfer Switches market by identifying its various subsegments.
Focuses on the key global Automatic Transfer Switches manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automatic Transfer Switches with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automatic Transfer Switches submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Automatic Transfer Switches . Industry analysis & Market Report on Automatic Transfer Switches is a syndicated market report, published as Global Automatic Transfer Switches Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Automatic Transfer Switches market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.