Contactor Based Transfer Switch Market Size - By Operation, Installation, Transition & Forecast, 2023

Description

List of Tables

Global Contactor Based Transfer Switch Market will witness 5% CAGR between 2024 and 2032 due to companies diversifying into transfer switches with innovative releases. As businesses prioritize reliable power transfer solutions, the market responds with advanced contactor-based switches.

For instance, in January 2023, Generac Industrial Power, a major supplier of power generation equipment in North America under Generac Power Systems, announced the extension of its TX Series transfer switches. The expanded lineup introduced the 600A, 800A, and 1000A service and non-service entrance transfer switches, boasting top-tier withstand and closing ratings within the industry. Brandon Bassler, Generac's Sales Director, emphasized the company's commitment to innovating more adaptable and durable transfer switches. Generac's engineering breakthrough introduces a maintenance-free contactor mechanism recognized for its rapid transition capabilities, ensuring seamless phase shifts.

The surge in innovative launches reflects an industry-wide push for enhanced safety, efficiency, and seamless power transfer during outages. This influx of inventive products caters to evolving needs, driving a significant uptick in demand for contactor-based transfer switches among businesses seeking dependable electrical infrastructure solutions.

The overall Contactor Based Transfer Switch Market share is classified based on the operation, installation, and region.

Non-automatic segment will undergo significant development from 2024 to 2032. Industries and facilities requiring manual control in power transfer between sources drive this demand. Non-automatic transfer switches offer flexibility and reliability, enabling manual intervention during power outages. Sectors prioritizing tailored solutions, like healthcare and critical infrastructure, seek these switches for their control, ensuring precise management during grid disruptions. The market surges as these systems become crucial components for non-automatic, manually controlled power transfer operations across diverse industries.

Contactor-based transfer switch market size from the critical operations power systems segment will register a noteworthy CAGR from 2024 to 2032. Vital sectors like hospitals, data centers, and industrial facilities rely on seamless power transitions for uninterrupted operations. Contact-based transfer switches emerge as lifelines, ensuring swift and reliable power transfers during outages. Their role in safeguarding critical systems against disruptions fuels the market demand. As industries prioritize uninterrupted power for mission-critical operations, the need for robust contactor-based transfer switches escalates, underscoring their pivotal role in sustaining crucial infrastructures.

Europe contactor based transfer switch industry will showcase a commendable CAGR from 2024 to 2032. With sectors like healthcare, telecommunications, and manufacturing requiring seamless power transitions, contactor-based switches remain vital. European industries prioritize reliability, seeking advanced transfer switches to maintain operations during outages. As regulatory standards stress uninterrupted power for critical facilities, the market witnesses heightened demand for contactor-based transfer switches, reflecting Europe's commitment to resilient infrastructure for crucial sectors reliant on uninterrupted power flow.

Product Code: 7570

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public

Chapter 2 Executive Summary

2.1 Contactor based transfer switch industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Operation trends
- 2.1.3 Transition trends
- 2.1.4 Installation trends
- 2.1.5 Regional trends

Chapter 3 Contactor Based Transfer Switch Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
3.6 PESTEL analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2023
- 4.2.1 Strategic dashboard

Chapter 5 Contactor Based Transfer Switch Market, By Operation ('000 Units, USD Million)

5.1 Key operation trends
5.2 Manual
5.3 Non-automatic
5.4 Automatic
5.5 By-pass isolation

Chapter 6 Contactor Based Transfer Switch Market, By Transition ('000 Units, USD Million)

6.1 Key transition trends
6.2 Closed
6.3 Open

Chapter 7 Contactor Based Transfer Switch Market, By Installation ('000 Units, USD Million)

7.1 Key installation trends
7.2 Emergency systems
7.3 Legally required systems
7.4 Critical operations power systems
7.5 Optional standby systems

Chapter 8 Contactor Based Transfer Switch Market, By Region ('000 Units, USD Million)

8.1 Key regional trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.2.3 Mexico
8.3 Europe
- 8.3.1 Germany
- 8.3.2 France
- 8.3.3 Russia
- 8.3.4 UK
- 8.3.5 Italy
- 8.3.6 Spain
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 South Korea
- 8.4.4 India
- 8.4.5 Australia
8.5 Middle East & Africa
- 8.5.1 UAE
- 8.5.2 South Africa
- 8.5.3 Saudi Arabia
8.6 Latin America
- 8.6.1 Brazil
- 8.6.2 Argentina

Chapter 9 Company Profiles

9.1 General Electric
9.2 Vertiv Group Corp
9.3 Generac Power Systems, Inc.
9.4 Kohler Co.
9.5 Cummins Inc.
9.6 Caterpillar
9.7 Briggs & Stratton
9.8 Eaton
9.9 Schneider Electric
9.10 ABB
9.11 Siemens
9.12 AEG Power Solutions
9.13 Midwest Electric Products
9.14 One Two Three Electric Co., Ltd.
9.15 Taylor Power Systems, Inc
9.16 Peterson
9.17 Blue Square Group