Transfer Switch Market Forecasts to 2028 - Global Analysis By Type, Ampere Rating, Transition Mode, Application and By Geography

Description

List of Tables

According to Stratistics MRC, the Global Transfer Switch Market is accounted for $1.73 billion in 2022 and is expected to reach $2.86 billion by 2028 growing at a CAGR of 8.7% during the forecast period. A transfer switch is electrical equipment that allows safe connection load between two power sources such as utility power and generator power. It prevents electricity travelling in the wrong direction. It is used to quickly and safely switch between normal and backup power sources for all electrical power required by the circuit, equipment or systems connected to the switch's output. These switches are used in all the applications where the electricity is consumed. These switches offer increased reliability, safety, cost efficiency and less hazardous to operate. With a boom in technology and manufacturing, the need for these switches is bound to increase with the emergency of standby systems.

Market Dynamics:

Driver:

Rapid pace of industrialization and urbanization

People are widely urbanizing and adopting quick modernization. The adoption of the innovative technologies in rural or underdeveloped areas is steadily rising. Residential buildings and commercial infrastructures are being built over a sizable area as a result of the rapid spread of urbanization. This increased the need of electronics and necessity of their installation which is fuelling its market demand.

Restraint:

Technical issues

The transfer switches faces technical issues and there is a chance of damage to its components due to transient voltage. The relays and contacts in power supply can fail the switches sooner. It needs an over current protection device to withstand the voltage interruptions. The sensitive loads, output issues can cause additional cost which hinders the market demand.

Opportunity:

Suitable for switching to generator power

An automatic switch provides the fastest means to transition from utilities feed to generator feed. It decreases the necessity of preserving a steady supply of electricity. Businesses can let the switchover happen automatically rather than looking for manual switches after the lights go out. It enables all the power consuming sectors to function normally which is propelling the growth of the market.

Threat:

Requirement for expert installation

The transfer switches can get disrupted due to an overload or short circuit. It needs a replacement of fuse. Skilled specialists are needed for effective installation as the fuses are connected in series and they are too intricate and complex. This need to be fixed only by experts to avoid damages and electric interruptions which further raises additional costs and hampers the market demand.

COVID-19 Impact

The covid pandemic impacted the transfer switch market drastically. The lack of business continuity projected to the financial disruptions in the market. It has ensured major negative effects on revenues and shareholder returns. Emerging nations control the majority of both manufacturers and customers of the market got affected. The disruption of the electronics value curtailed supply chain activities. It decreased sales and manufacturing revenue and affected the economy.

The automatic segment is expected to be the largest during the forecast period

The automatic segment is estimated to have a lucrative growth, due to the vital load connections. The automated switches offer dependable connections among primary and backup electrical sources. They permit functioning without supervision. The consumer can have access to automatic on and off process. These switches are rising heavily with advanced technology and good outlook and anticipated to a lucrative growth in the market.

The transition mode segment is expected to have the highest CAGR during the forecast period

The transition mode segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its wide abilities to use power. They are useful for applications requiring zero interruption of power. It can break contact with one source of power before it makes contact with another source of power. It can synchronize generator power with the utility power. All these aspects are generating the huge growth in the market.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid industrialization. This region uses the transfer switches largely due to the presence of sectors like telecom, banking, textiles and hospitals. Governments and power companies are hugely investing in this sector to provide services without interruption and this anticipated to the profitable growth of the market.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to large scale adoption of emergency backup power. This region consists many industries and commercial buildings which need backup power system to avoid any power outage. The expansion of information and communication technology which require uninterrupted power supply is offering lucrative growth in this region.

Key players in the market

Some of the key players profiled in the Transfer Switch Market include Siemens AG, Camsco Electric Co, Regal Beloit, Socomec, General Electric, Russelectric, Kohler Co, Eaton Corporation PLC, ABB Group, Eltek Power Systems, Schneider Electric, Generac Power System, Cummins Inc, Emerson Electric Co, Eltek Power Systems, Caterpillar Inc, Generac Holdings Inc, C&S Electric, Deep Sea Electronics Limited

Key Developments:

In October 2022, Siemens Digital Industries Software announced the immediate availability of Siemens' Capital™ Electra™ X, new cloud-native electrical design software as a service (SaaS) offering aimed at individual electrical designers or small teams that require an affordable yet powerful electrical design solution.

In October 2022, Schneider Electric, the global leader in the digital transformation of energy management and automation, announced the release of seven new products at its annual North American Innovation Summit. These new solutions are driven by the need to increase efficiency through digitization and electrification to reach a net-zero world.

Types Covered:

Automatic Transfer Switch
Manual Transfer Switch
Other Types

Ampere Ratings Covered:

Low 20A-300A
Medium 301A-1600A
High 1601A-4000A
Other Ampere Ratings

Transition Modes Covered:

Closed Transition Mode
Open Transition Mode
Soft Load Transition Mode
Delayed Transition Mode
Other Transition Modes

Applications Covered:

Commercial
Residential
Industrial
Other Applications

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Product Code: SMRC22286

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Transfer Switch Market, By Type

5.1 Introduction
5.2 Automatic Transfer Switch
5.3 Manual Transfer Switch
5.4 Other Types

6 Global Transfer Switch Market, By Ampere Rating

6.1 Introduction
6.2 Low 20A-300A
6.3 Medium 301A-1600A
6.4 High 1601A-4000A
6.5 Other Ampere Ratings

7 Global Transfer Switch Market, By Transition Mode

7.1 Introduction
7.2 Closed Transition Mode
7.3 Open Transition Mode
7.4 Soft Load Transition Mode
7.5 Delayed Transition Mode
7.6 Other Transition Modes

8 Global Transfer Switch Market, By Application

8.1 Introduction
8.2 Commercial
8.3 Residential
8.4 Industrial
8.5 Other Applications

9 Global Transfer Switch Market, By Geography

9.1 Introduction
9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

11.1 Siemens AG
11.2 Camsco Electric Co
11.3 Regal Beloit
11.4 Socomec
11.5 General Electric
11.6 Russelectric
11.7 Kohler Co
11.8 Eaton Corporation PLC
11.9 ABB Group
11.10 Eltek Power Systems
11.11 Schneider Electric
11.12 Generac Power System
11.13 Cummins Inc
11.14 Emerson Electric Co
11.15 Eltek Power Systems
11.16 Caterpillar Inc
11.17 Generac Holdings Inc
11.18 C&S Electric
11.19 Deep Sea Electronics Limited

Product Code: SMRC22286

List of Tables

Table 1 Global Transfer Switch Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Transfer Switch Market Outlook, By Type (2020-2028) ($MN)
Table 3 Global Transfer Switch Market Outlook, By Automatic Transfer Switch (2020-2028) ($MN)
Table 4 Global Transfer Switch Market Outlook, By Manual Transfer Switch (2020-2028) ($MN)
Table 5 Global Transfer Switch Market Outlook, By Other Types (2020-2028) ($MN)
Table 6 Global Transfer Switch Market Outlook, By Ampere Rating (2020-2028) ($MN)
Table 7 Global Transfer Switch Market Outlook, By Low 20A-300A (2020-2028) ($MN)
Table 8 Global Transfer Switch Market Outlook, By Medium 301A-1600A (2020-2028) ($MN)
Table 9 Global Transfer Switch Market Outlook, By High 1601A-4000A (2020-2028) ($MN)
Table 10 Global Transfer Switch Market Outlook, By Other Ampere Ratings (2020-2028) ($MN)
Table 11 Global Transfer Switch Market Outlook, By Transition Mode (2020-2028) ($MN)
Table 12 Global Transfer Switch Market Outlook, By Closed Transition Mode (2020-2028) ($MN)
Table 13 Global Transfer Switch Market Outlook, By Open Transition Mode (2020-2028) ($MN)
Table 14 Global Transfer Switch Market Outlook, By Soft Load Transition Mode (2020-2028) ($MN)
Table 15 Global Transfer Switch Market Outlook, By Delayed Transition Mode (2020-2028) ($MN)
Table 16 Global Transfer Switch Market Outlook, By Other Transition Modes (2020-2028) ($MN)
Table 17 Global Transfer Switch Market Outlook, By Application (2020-2028) ($MN)
Table 18 Global Transfer Switch Market Outlook, By Commercial (2020-2028) ($MN)
Table 19 Global Transfer Switch Market Outlook, By Residential (2020-2028) ($MN)
Table 20 Global Transfer Switch Market Outlook, By Industrial (2020-2028) ($MN)
Table 21 Global Transfer Switch Market Outlook, By Other Applications (2020-2028) ($MN)
Table 22 North America Transfer Switch Market Outlook, By Country (2020-2028) ($MN)
Table 23 North America Transfer Switch Market Outlook, By Type (2020-2028) ($MN)
Table 24 North America Transfer Switch Market Outlook, By Automatic Transfer Switch (2020-2028) ($MN)
Table 25 North America Transfer Switch Market Outlook, By Manual Transfer Switch (2020-2028) ($MN)
Table 26 North America Transfer Switch Market Outlook, By Other Types (2020-2028) ($MN)
Table 27 North America Transfer Switch Market Outlook, By Ampere Rating (2020-2028) ($MN)
Table 28 North America Transfer Switch Market Outlook, By Low 20A-300A (2020-2028) ($MN)
Table 29 North America Transfer Switch Market Outlook, By Medium 301A-1600A (2020-2028) ($MN)
Table 30 North America Transfer Switch Market Outlook, By High 1601A-4000A (2020-2028) ($MN)
Table 31 North America Transfer Switch Market Outlook, By Other Ampere Ratings (2020-2028) ($MN)
Table 32 North America Transfer Switch Market Outlook, By Transition Mode (2020-2028) ($MN)
Table 33 North America Transfer Switch Market Outlook, By Closed Transition Mode (2020-2028) ($MN)
Table 34 North America Transfer Switch Market Outlook, By Open Transition Mode (2020-2028) ($MN)
Table 35 North America Transfer Switch Market Outlook, By Soft Load Transition Mode (2020-2028) ($MN)
Table 36 North America Transfer Switch Market Outlook, By Delayed Transition Mode (2020-2028) ($MN)
Table 37 North America Transfer Switch Market Outlook, By Other Transition Modes (2020-2028) ($MN)
Table 38 North America Transfer Switch Market Outlook, By Application (2020-2028) ($MN)
Table 39 North America Transfer Switch Market Outlook, By Commercial (2020-2028) ($MN)
Table 40 North America Transfer Switch Market Outlook, By Residential (2020-2028) ($MN)
Table 41 North America Transfer Switch Market Outlook, By Industrial (2020-2028) ($MN)
Table 42 North America Transfer Switch Market Outlook, By Other Applications (2020-2028) ($MN)
Table 43 Europe Transfer Switch Market Outlook, By Country (2020-2028) ($MN)
Table 44 Europe Transfer Switch Market Outlook, By Type (2020-2028) ($MN)
Table 45 Europe Transfer Switch Market Outlook, By Automatic Transfer Switch (2020-2028) ($MN)
Table 46 Europe Transfer Switch Market Outlook, By Manual Transfer Switch (2020-2028) ($MN)
Table 47 Europe Transfer Switch Market Outlook, By Other Types (2020-2028) ($MN)
Table 48 Europe Transfer Switch Market Outlook, By Ampere Rating (2020-2028) ($MN)
Table 49 Europe Transfer Switch Market Outlook, By Low 20A-300A (2020-2028) ($MN)
Table 50 Europe Transfer Switch Market Outlook, By Medium 301A-1600A (2020-2028) ($MN)
Table 51 Europe Transfer Switch Market Outlook, By High 1601A-4000A (2020-2028) ($MN)
Table 52 Europe Transfer Switch Market Outlook, By Other Ampere Ratings (2020-2028) ($MN)
Table 53 Europe Transfer Switch Market Outlook, By Transition Mode (2020-2028) ($MN)
Table 54 Europe Transfer Switch Market Outlook, By Closed Transition Mode (2020-2028) ($MN)
Table 55 Europe Transfer Switch Market Outlook, By Open Transition Mode (2020-2028) ($MN)
Table 56 Europe Transfer Switch Market Outlook, By Soft Load Transition Mode (2020-2028) ($MN)
Table 57 Europe Transfer Switch Market Outlook, By Delayed Transition Mode (2020-2028) ($MN)
Table 58 Europe Transfer Switch Market Outlook, By Other Transition Modes (2020-2028) ($MN)
Table 59 Europe Transfer Switch Market Outlook, By Application (2020-2028) ($MN)
Table 60 Europe Transfer Switch Market Outlook, By Commercial (2020-2028) ($MN)
Table 61 Europe Transfer Switch Market Outlook, By Residential (2020-2028) ($MN)
Table 62 Europe Transfer Switch Market Outlook, By Industrial (2020-2028) ($MN)
Table 63 Europe Transfer Switch Market Outlook, By Other Applications (2020-2028) ($MN)
Table 64 Asia Pacific Transfer Switch Market Outlook, By Country (2020-2028) ($MN)
Table 65 Asia Pacific Transfer Switch Market Outlook, By Type (2020-2028) ($MN)
Table 66 Asia Pacific Transfer Switch Market Outlook, By Automatic Transfer Switch (2020-2028) ($MN)
Table 67 Asia Pacific Transfer Switch Market Outlook, By Manual Transfer Switch (2020-2028) ($MN)
Table 68 Asia Pacific Transfer Switch Market Outlook, By Other Types (2020-2028) ($MN)
Table 69 Asia Pacific Transfer Switch Market Outlook, By Ampere Rating (2020-2028) ($MN)
Table 70 Asia Pacific Transfer Switch Market Outlook, By Low 20A-300A (2020-2028) ($MN)
Table 71 Asia Pacific Transfer Switch Market Outlook, By Medium 301A-1600A (2020-2028) ($MN)
Table 72 Asia Pacific Transfer Switch Market Outlook, By High 1601A-4000A (2020-2028) ($MN)
Table 73 Asia Pacific Transfer Switch Market Outlook, By Other Ampere Ratings (2020-2028) ($MN)
Table 74 Asia Pacific Transfer Switch Market Outlook, By Transition Mode (2020-2028) ($MN)
Table 75 Asia Pacific Transfer Switch Market Outlook, By Closed Transition Mode (2020-2028) ($MN)
Table 76 Asia Pacific Transfer Switch Market Outlook, By Open Transition Mode (2020-2028) ($MN)
Table 77 Asia Pacific Transfer Switch Market Outlook, By Soft Load Transition Mode (2020-2028) ($MN)
Table 78 Asia Pacific Transfer Switch Market Outlook, By Delayed Transition Mode (2020-2028) ($MN)
Table 79 Asia Pacific Transfer Switch Market Outlook, By Other Transition Modes (2020-2028) ($MN)
Table 80 Asia Pacific Transfer Switch Market Outlook, By Application (2020-2028) ($MN)
Table 81 Asia Pacific Transfer Switch Market Outlook, By Commercial (2020-2028) ($MN)
Table 82 Asia Pacific Transfer Switch Market Outlook, By Residential (2020-2028) ($MN)
Table 83 Asia Pacific Transfer Switch Market Outlook, By Industrial (2020-2028) ($MN)
Table 84 Asia Pacific Transfer Switch Market Outlook, By Other Applications (2020-2028) ($MN)
Table 85 South America Transfer Switch Market Outlook, By Country (2020-2028) ($MN)
Table 86 South America Transfer Switch Market Outlook, By Type (2020-2028) ($MN)
Table 87 South America Transfer Switch Market Outlook, By Automatic Transfer Switch (2020-2028) ($MN)
Table 88 South America Transfer Switch Market Outlook, By Manual Transfer Switch (2020-2028) ($MN)
Table 89 South America Transfer Switch Market Outlook, By Other Types (2020-2028) ($MN)
Table 90 South America Transfer Switch Market Outlook, By Ampere Rating (2020-2028) ($MN)
Table 91 South America Transfer Switch Market Outlook, By Low 20A-300A (2020-2028) ($MN)
Table 92 South America Transfer Switch Market Outlook, By Medium 301A-1600A (2020-2028) ($MN)
Table 93 South America Transfer Switch Market Outlook, By High 1601A-4000A (2020-2028) ($MN)
Table 94 South America Transfer Switch Market Outlook, By Other Ampere Ratings (2020-2028) ($MN)
Table 95 South America Transfer Switch Market Outlook, By Transition Mode (2020-2028) ($MN)
Table 96 South America Transfer Switch Market Outlook, By Closed Transition Mode (2020-2028) ($MN)
Table 97 South America Transfer Switch Market Outlook, By Open Transition Mode (2020-2028) ($MN)
Table 98 South America Transfer Switch Market Outlook, By Soft Load Transition Mode (2020-2028) ($MN)
Table 99 South America Transfer Switch Market Outlook, By Delayed Transition Mode (2020-2028) ($MN)
Table 100 South America Transfer Switch Market Outlook, By Other Transition Modes (2020-2028) ($MN)
Table 101 South America Transfer Switch Market Outlook, By Application (2020-2028) ($MN)
Table 102 South America Transfer Switch Market Outlook, By Commercial (2020-2028) ($MN)
Table 103 South America Transfer Switch Market Outlook, By Residential (2020-2028) ($MN)
Table 104 South America Transfer Switch Market Outlook, By Industrial (2020-2028) ($MN)
Table 105 South America Transfer Switch Market Outlook, By Other Applications (2020-2028) ($MN)
Table 106 Middle East & Africa Transfer Switch Market Outlook, By Country (2020-2028) ($MN)
Table 107 Middle East & Africa Transfer Switch Market Outlook, By Type (2020-2028) ($MN)
Table 108 Middle East & Africa Transfer Switch Market Outlook, By Automatic Transfer Switch (2020-2028) ($MN)
Table 109 Middle East & Africa Transfer Switch Market Outlook, By Manual Transfer Switch (2020-2028) ($MN)
Table 110 Middle East & Africa Transfer Switch Market Outlook, By Other Types (2020-2028) ($MN)
Table 111 Middle East & Africa Transfer Switch Market Outlook, By Ampere Rating (2020-2028) ($MN)
Table 112 Middle East & Africa Transfer Switch Market Outlook, By Low 20A-300A (2020-2028) ($MN)
Table 113 Middle East & Africa Transfer Switch Market Outlook, By Medium 301A-1600A (2020-2028) ($MN)
Table 114 Middle East & Africa Transfer Switch Market Outlook, By High 1601A-4000A (2020-2028) ($MN)
Table 115 Middle East & Africa Transfer Switch Market Outlook, By Other Ampere Ratings (2020-2028) ($MN)
Table 116 Middle East & Africa Transfer Switch Market Outlook, By Transition Mode (2020-2028) ($MN)
Table 117 Middle East & Africa Transfer Switch Market Outlook, By Closed Transition Mode (2020-2028) ($MN)
Table 118 Middle East & Africa Transfer Switch Market Outlook, By Open Transition Mode (2020-2028) ($MN)
Table 119 Middle East & Africa Transfer Switch Market Outlook, By Soft Load Transition Mode (2020-2028) ($MN)
Table 120 Middle East & Africa Transfer Switch Market Outlook, By Delayed Transition Mode (2020-2028) ($MN)
Table 121 Middle East & Africa Transfer Switch Market Outlook, By Other Transition Modes (2020-2028) ($MN)
Table 122 Middle East & Africa Transfer Switch Market Outlook, By Application (2020-2028) ($MN)
Table 123 Middle East & Africa Transfer Switch Market Outlook, By Commercial (2020-2028) ($MN)
Table 124 Middle East & Africa Transfer Switch Market Outlook, By Residential (2020-2028) ($MN)
Table 125 Middle East & Africa Transfer Switch Market Outlook, By Industrial (2020-2028) ($MN)
Table 126 Middle East & Africa Transfer Switch Market Outlook, By Other Applications (2020-2028) ($MN)

Transfer Switch Market Forecasts to 2028 - Global Analysis By Type, Ampere Rating, Transition Mode, Application and By Geography

Description

Table of Contents

List of Tables

Table of Contents

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Transfer Switch Market, By Type

6 Global Transfer Switch Market, By Ampere Rating

7 Global Transfer Switch Market, By Transition Mode

8 Global Transfer Switch Market, By Application

9 Global Transfer Switch Market, By Geography

10 Key Developments

11 Company Profiling

List of Tables