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Report
Transfer Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 140 Pages I IMARC Group
Global Transfer Switch Market Overview 2023-2028:
The global transfer switch market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
A transfer switch is an electromechanical device that is used to interchange load between two power sources either electronically or mechanically. It provides a rapid transition between multiple power sources to ensure uninterrupted power supply. Manual transfer switches require manual access to a generator or power source, which can be flipped to restore power. On the other hand, automatic transfer switches (ATS) do not require external inputs and can immediately flip to generator power in case of a power cut. These switches offer increased reliability and safety, are cost effective and less hazardous to operate. These switches find wide application in industrial and commercial settings such as factories, warehouses, hospitals and schools where continuous power supply is a necessity.
Transfer Switch Market Trends:
The growing need for stable sources of power supply, coupled with the rapid industrialization across the globe, is the key factor driving the growth of the market. Furthermore, frequent occurrence of unexpected burnouts, voltage fluctuations, power outages, blackouts and weather uncertainties are also contributing to the growing demand for transfer switches. The increasing dependence of industrial, commercial as well as residential sector on electric generators for uninterrupted power supply is also augmenting the demand of these devices across various regions. Additionally, favorable government policies pertaining to operational safety along with an increasing demand for Heating, Ventilation, and Air Conditioning (HVAC) networks is further stimulating the market growth. Other factors propelling the market growth include increased focus on research and development (R&D) activities to develop enhanced product variants.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global transfer switch market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, transition mode, rating and end-use sector.
Breakup by Type:
Automatic Transfer Switch
Contactor Based Transfer Switch
Circuit Based Transfer Switch
Static Transfer Switch
Manual Transfer Switch
Breakup by Transition Mode:
Soft Load Transition Mode
Closed Transition Mode
Delayed Transition Mode
Open Transition Mode
Breakup by Rating:
0-300A
301-1600A
1601A-4000A
Breakup by End-Use Sector:
Industrial
Commercial
Residential
Breakup by Region:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being ABB, General Electric, Cummins, Eaton Corporation, Emerson Electric, Siemens, SOCOMEC Group, Russelectric, Caterpillar, Schneider Electric, Generac Power Systems, Eltek, Camsco Electric Company, Marathon Thomson Power System, DynaGen Technologies, Mitsubishi Electric, etc.
Key Questions Answered in This Report:
What was the size of the global transfer switch market in 2022?
What is the expected growth rate of the global transfer switch market during 2023-2028?
What are the key factors driving the global transfer switch market?
What has been the impact of COVID-19 on the global transfer switch market?
What is the breakup of the global transfer switch market based on the type?
What is the breakup of the global transfer switch market based on the transition mode?
What is the breakup of the global transfer switch market based on rating?
What is the breakup of the global transfer switch market based on the end-use sector?
What are the key regions in the global transfer switch market?
Who are the key players/companies in the global transfer switch market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Transfer Switch Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Transition Mode
5.6 Market Breakup by Rating
5.7 Market Breakup by End-Use Sector
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Type
6.1 Automatic Transfer Switch
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Contactor Based Transfer Switch
6.1.2.2 Circuit Based Transfer Switch
6.1.2.3 Static Transfer Switch
6.1.3 Market Forecast
6.2 Manual Transfer Switch
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Transition Mode
7.1 Soft Load Transition Mode
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Closed Transition Mode
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Delayed Transition Mode
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Open Transition Mode
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Rating
8.1 0-300A
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 301-1600A
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 1600A-4000A
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End-Use Sector
9.1 Industrial
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Commercial
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Residential
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 North America
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porter's Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB
15.3.2 General Electric
15.3.3 Cummins
15.3.4 Eaton Corporation
15.3.5 Emerson Electric
15.3.6 Siemens
15.3.7 SOCOMEC Group
15.3.8 Russelectric
15.3.9 Caterpillar
15.3.10 Schneider Electric
15.3.11 Generac Power Systems
15.3.12 Eltek
15.3.13 Camsco Electric Company
15.3.14 Marathon Thomson Power System
15.3.15 DynaGen Technologies
15.3.16 Mitsubishi Electric
Figure 1: Global: Transfer Switch Market: Major Drivers and Challenges
Figure 2: Global: Transfer Switch Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Transfer Switch Market: Breakup by Type (in %), 2022
Figure 4: Global: Transfer Switch Market: Breakup by Transition Mode (in %), 2022
Figure 5: Global: Transfer Switch Market: Breakup by Rating (in %), 2022
Figure 6: Global: Transfer Switch Market: Breakup by End-Use Sector (in %), 2022
Figure 7: Global: Transfer Switch Market: Breakup by Region (in %), 2022
Figure 8: Global: Transfer Switch Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Transfer Switch Industry: SWOT Analysis
Figure 10: Global: Transfer Switch Industry: Value Chain Analysis
Figure 11: Global: Transfer Switch Industry: Porter's Five Forces Analysis
Figure 12: Global: Transfer Switch (Automatic Transfer Switch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Transfer Switch (Automatic Transfer Switch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Transfer Switch (Manual Transfer Switch) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Transfer Switch (Manual Transfer Switch) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Transfer Switch (Soft Load Transition Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Transfer Switch (Soft Load Transition Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Transfer Switch (Closed Transition Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Transfer Switch (Closed Transition Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Transfer Switch (Delayed Transition Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Transfer Switch (Delayed Transition Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Transfer Switch (Open Transition Mode) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Transfer Switch (Open Transition Mode) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Transfer Switch (0-300A) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Transfer Switch (0-300A) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Transfer Switch (301-1600A) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Transfer Switch (301-1600A) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Transfer Switch (1601A-4000A) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Transfer Switch (1601A-4000A) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Transfer Switch (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Transfer Switch (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Transfer Switch (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Transfer Switch (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Transfer Switch (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Transfer Switch (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia Pacific: Transfer Switch Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia Pacific: Transfer Switch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: North America: Transfer Switch Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: North America: Transfer Switch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Europe: Transfer Switch Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Europe: Transfer Switch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Middle East and Africa: Transfer Switch Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Middle East and Africa: Transfer Switch Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Latin America: Transfer Switch Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Latin America: Transfer Switch Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Transfer Switch Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Transfer Switch Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Transfer Switch Market Forecast: Breakup by Transition Mode (in Million US$), 2023-2028
Table 4: Global: Transfer Switch Market Forecast: Breakup by Rating (in Million US$), 2023-2028
Table 5: Global: Transfer Switch Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 6: Global: Transfer Switch Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Transfer Switch Market Structure
Table 8: Global: Transfer Switch Market: Key Players
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