Market Research Report
Global Transfer Switch Market 2016-2020
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||320570|
|Published||Content info||70 Pages
A transfer switch shifts electrical loads or distribution systems between two power sources; it is an essential part of standby or emergency power system. Transfer switches are used in a broad range of applications, such as data centers, hospitals, diagnostic, and other health care centers, factories, warehouses, and other commercial set-ups such as financial institutions. These facilities require uninterrupted power supply for continuous operations, and therefore, use auxiliary power source, such as a generator or backup utility feed. In the case of power failure from the primary supply, the transfer switch shifts all the equipment that is connected to main supply to the auxiliary power source. Thus, transfer switches form an essential component of the electrical systems in facilities requiring a continuous power supply.
Technavio's analysts forecast the global transfer switch market to grow at a CAGR of 6.92% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global transfer switch market for 2016-2020. To calculate the market size, the report considers the demand for transfer switches from the end-users industries.
The market is divided into the following segments based on geography:
Technavio's report, Global Transfer Switch Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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