Product Code: VMR11215542
The global demand for Transfer Switch Market is presumed to reach the market size of nearly USD 5.25 Billion by 2032 from USD 2.94 Billion in 2023 with a CAGR of 6.66% under the study period 2024-2032.
A transfer switch is an electrical device or equipment that switches the load between two power sources and helps in an uninterrupted power supply if any of the sources goes off. It conveys a power supply from its primary source to a backup generator when it senses a failure or outage in the primary source until primary utility power is restored. Transfer switches are either manual or automatic. In manual transfer switches, an operator effects the transfer by throwing a switch. The Automatic transfer switches get triggered when they sense that one of the sources has lost or gained power. The controlling ability of a transfer switch may be manual or a combination of manual and automatic.
MARKET DYNAMICS
World demand for transfer switches is projected to grow with rising sudden blackouts, outages, and voltage fluctuations. Transfer switches provide a quick transition between two or more power sources that helps in an uninterrupted power supply. Thus, increasingly used in various industrial, commercial and residential activities. The rising demand for uninterrupted power supply and the adoption of smart grid technology present opportunities for the market growth of transfer switches. The automatic transfer switches segment is growing at the fastest pace during the forecast period. Automatic transfer switches can constantly monitor the supply power and instantly switch it when a shortage or variation in the power supply is detected. However, low awareness about transfer switches in some regions may act as a restraining factor for the growth of the transfer switches market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Transfer Switch. The growth and trends of Transfer Switch industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Transfer Switch market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Operation
- Manual
- Non-Automatic
- Automatic
- By-pass Isolatio
By Switching Mechanism
- Contactor
- Circuit Breaker
By Transition
By Ampere Rating
- <=400 Amp
- 401 Amp to 1600 Amp
- >1600 Amp
By Installation
- Emergency Systems
- Legally Required Systems
- Critical Operations Power Systems
- Optional Standby Systems
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Transfer Switch market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Transfer Switch market include General Electric, Vertiv Group Corp, Generac Power Systems Inc., Kohler Co., Cummins Inc., Caterpillar, Briggs & Stratton, Eaton, Schneider Electric, ABB, Siemens, AEG Power Solutions, Midwest Electric Products, One Two Three Electric Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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TABLE OF CONTENTS
1. PREFACE
- 1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3. TRANSFER SWITCH - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Operation
- 3.7.2 Market Attractiveness Analysis By Switching Mechanism
- 3.7.3 Market Attractiveness Analysis By Transition
- 3.7.4 Market Attractiveness Analysis By Ampere Rating
- 3.7.5 Market Attractiveness Analysis By Installation
- 3.7.6 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend
5. GLOBAL TRANSFER SWITCH MARKET ANALYSIS BY OPERATION
- 5.1. Overview By Operation
- 5.2. Historical and Forecast Data Analysis By Operation
- 5.3. Manual Historic and Forecast Sales By Regions
- 5.4. Non-Automatic Historic and Forecast Sales By Regions
- 5.5. Automatic Historic and Forecast Sales By Regions
- 5.6. By-pass Isolatio Historic and Forecast Sales By Regions
6. GLOBAL TRANSFER SWITCH MARKET ANALYSIS BY SWITCHING MECHANISM
- 6.1. Overview By Switching Mechanism
- 6.2. Historical and Forecast Data Analysis By Switching Mechanism
- 6.3. Contactor Historic and Forecast Sales By Regions
- 6.4. Circuit Breaker Historic and Forecast Sales By Regions
7. GLOBAL TRANSFER SWITCH MARKET ANALYSIS BY TRANSITION
- 7.1. Overview By Transition
- 7.2. Historical and Forecast Data Analysis By Transition
- 7.3. Closed Historic and Forecast Sales By Regions
- 7.4. Open Historic and Forecast Sales By Regions
8. GLOBAL TRANSFER SWITCH MARKET ANALYSIS BY AMPERE RATING
- 8.1. Overview By Ampere Rating
- 8.2. Historical and Forecast Data Analysis By Ampere Rating
- 8.3. <=400 Amp Historic and Forecast Sales By Regions
- 8.4. 401 Amp to 1600 Amp Historic and Forecast Sales By Regions
- 8.5. >1600 Amp Historic and Forecast Sales By Regions
9. GLOBAL TRANSFER SWITCH MARKET ANALYSIS BY INSTALLATION
- 9.1. Overview By Installation
- 9.2. Historical and Forecast Data Analysis By Installation
- 9.3. Emergency Systems Historic and Forecast Sales By Regions
- 9.4. Legally Required Systems Historic and Forecast Sales By Regions
- 9.5. Critical Operations Power Systems Historic and Forecast Sales By Regions
- 9.6. Optional Standby Systems Historic and Forecast Sales By Regions
10. GLOBAL TRANSFER SWITCH MARKET ANALYSIS BY GEOGRAPHY
- 10.1. Regional Outlook
- 10.2. Introduction
- 10.3. North America Sales Analysis
- 10.3.1 Overview, Historic and Forecast Data Sales Analysis
- 10.3.2 North America By Segment Sales Analysis
- 10.3.3 North America By Country Sales Analysis
- 10.3.4 United States Sales Analysis
- 10.3.5 Canada Sales Analysis
- 10.3.6 Mexico Sales Analysis
- 10.4. Europe Sales Analysis
- 10.4.1 Overview, Historic and Forecast Data Sales Analysis
- 10.4.2 Europe By Segment Sales Analysis
- 10.4.3 Europe By Country Sales Analysis
- 10.4.4 United Kingdom Sales Analysis
- 10.4.5 France Sales Analysis
- 10.4.6 Germany Sales Analysis
- 10.4.7 Italy Sales Analysis
- 10.4.8 Russia Sales Analysis
- 10.4.9 Rest Of Europe Sales Analysis
- 10.5. Asia Pacific Sales Analysis
- 10.5.1 Overview, Historic and Forecast Data Sales Analysis
- 10.5.2 Asia Pacific By Segment Sales Analysis
- 10.5.3 Asia Pacific By Country Sales Analysis
- 10.5.4 China Sales Analysis
- 10.5.5 India Sales Analysis
- 10.5.6 Japan Sales Analysis
- 10.5.7 South Korea Sales Analysis
- 10.5.8 Australia Sales Analysis
- 10.5.9 South East Asia Sales Analysis
- 10.5.10 Rest Of Asia Pacific Sales Analysis
- 10.6. Latin America Sales Analysis
- 10.6.1 Overview, Historic and Forecast Data Sales Analysis
- 10.6.2 Latin America By Segment Sales Analysis
- 10.6.3 Latin America By Country Sales Analysis
- 10.6.4 Brazil Sales Analysis
- 10.6.5 Argentina Sales Analysis
- 10.6.6 Peru Sales Analysis
- 10.6.7 Chile Sales Analysis
- 10.6.8 Rest of Latin America Sales Analysis
- 10.7. Middle East & Africa Sales Analysis
- 10.7.1 Overview, Historic and Forecast Data Sales Analysis
- 10.7.2 Middle East & Africa By Segment Sales Analysis
- 10.7.3 Middle East & Africa By Country Sales Analysis
- 10.7.4 Saudi Arabia Sales Analysis
- 10.7.5 UAE Sales Analysis
- 10.7.6 Israel Sales Analysis
- 10.7.7 South Africa Sales Analysis
- 10.7.8 Rest Of Middle East And Africa Sales Analysis
11. COMPETITIVE LANDSCAPE OF THE TRANSFER SWITCH COMPANIES
- 11.1. Transfer Switch Market Competition
- 11.2. Partnership/Collaboration/Agreement
- 11.3. Merger And Acquisitions
- 11.4. New Product Launch
- 11.5. Other Developments
12. COMPANY PROFILES OF TRANSFER SWITCH INDUSTRY
- 12.1. Top Companies Market Share Analysis
- 12.2. Market Concentration Rate
- 12.3. General Electric
- 12.3.1 Company Overview
- 12.3.2 Company Revenue
- 12.3.3 Products
- 12.3.4 Recent Developments
- 12.4. Vertiv Group Corp
- 12.4.1 Company Overview
- 12.4.2 Company Revenue
- 12.4.3 Products
- 12.4.4 Recent Developments
- 12.5. Generac Power Systems Inc.
- 12.5.1 Company Overview
- 12.5.2 Company Revenue
- 12.5.3 Products
- 12.5.4 Recent Developments
- 12.6. Kohler Co.
- 12.6.1 Company Overview
- 12.6.2 Company Revenue
- 12.6.3 Products
- 12.6.4 Recent Developments
- 12.7. Cummins Inc.
- 12.7.1 Company Overview
- 12.7.2 Company Revenue
- 12.7.3 Products
- 12.7.4 Recent Developments
- 12.8. Caterpillar
- 12.8.1 Company Overview
- 12.8.2 Company Revenue
- 12.8.3 Products
- 12.8.4 Recent Developments
- 12.9. Briggs & Stratton
- 12.9.1 Company Overview
- 12.9.2 Company Revenue
- 12.9.3 Products
- 12.9.4 Recent Developments
- 12.10. Eaton
- 12.10.1 Company Overview
- 12.10.2 Company Revenue
- 12.10.3 Products
- 12.10.4 Recent Developments
- 12.11. Schneider Electric
- 12.11.1 Company Overview
- 12.11.2 Company Revenue
- 12.11.3 Products
- 12.11.4 Recent Developments
- 12.12. ABB
- 12.12.1 Company Overview
- 12.12.2 Company Revenue
- 12.12.3 Products
- 12.12.4 Recent Developments
- 12.13. Siemens
- 12.13.1 Company Overview
- 12.13.2 Company Revenue
- 12.13.3 Products
- 12.13.4 Recent Developments
- 12.14. AEG Power Solutions
- 12.14.1 Company Overview
- 12.14.2 Company Revenue
- 12.14.3 Products
- 12.14.4 Recent Developments
- 12.15. Midwest Electric Products
- 12.15.1 Company Overview
- 12.15.2 Company Revenue
- 12.15.3 Products
- 12.15.4 Recent Developments
- 12.16. One Two Three Electric Co. Ltd
- 12.16.1 Company Overview
- 12.16.2 Company Revenue
- 12.16.3 Products
- 12.16.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies