Transfer Switch Market- Global Segments and Forecast upto 2023

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Transfer switch is an electromechanical switch which acceleratesswitching between two or more power sources. It guaranteesconvenient and hassle free switching and uninterrupted power supply in commercial,residential and industrial operations. Transfer switches transfer the electrical distribution structures or load between two different power sources, making it a partof backuppower system. Transfer market isprimarily oftwo types, namely, static or manual transfer switches and automatic transfer switches. A manual transfer switch shifts loads between two power sources with the help of power semiconductors,whereas, an automatic transfer switch is used to transmit power among a primary and secondary power source. These switches facilitate rapid transfer of powerdue to lackof movement of present mechanical parts. Both the switches have their different advantages over each other. Considering quality and price ratio, automatic transfer switch has a significantadvantage. However, static or manual transfer switches are operatedwhen the demand is for high quality with minimal stress on price.

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Increasing demand for uninterrupted power and rise in the adoption of smart grid technologyin industries, commercial institutions, healthcare, transportation, and householdsis driving the demand for transfer switches. Moreover, continuous demand of power for critical applications and supply-demand gap in utility power is observed. This is, in turn, influencing the growth of transfer switches market.At the same time, lack of awareness about the applications of transfer switches in developing countries is restraining the market growth, globally. Another obstruction in the market growth is the requirement of regular maintenance. However,increasing rate of urbanization and industrialization is creating new opportunities for the industry players. Also, replacement of old power grid and transmission system with smart grid technology due to its high efficiency and less maintenance cost is expected to create new opportunities for the manufacturers.

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Global transfer switch market is segmented by switch type, by ampere rating, by transition mode, by end use application and by geography. The switch type segmentation covers automatic transfer switch and manual transfer switch. Automatic transfer switch is further sub-segmented into contactor based transfer switch, circuit based transfer switch and static transfer switch. In terms of ampere rating, the market is segmented into- 0-300A ratings, 301-1600A ratings and 1601-4000A ratings. On the basis of transition mode, the market is segmented into- soft load transition mode, closed transition mode, delayed transition mode, and open transition mode.The market is also segmented on the basis of its applications such as industrial, commercial and residential. Industrial switch transfer application is further segmented into power utilities, telecom and IT, and transportation.The global market segments in terms of geographical regions include Asia-Pacific, Europe, North America, Latin America, and Middle-East and Africa (MEA).Asia-Pacific accounts considerably more market share of transfer switches due to the growing trend in the industrial and commercial sector, especially in countries such as China and India.

Some of the major players operating in the transfer switch market are ABB Ltd., General Electric Company, Emerson Electric Co., Socomec SAS, Cummins Inc., Schneider Electric SE, Eaton Corporation, Siemens AG, Eltek Power Systems, Generac Power Systems, Russelectric Inc., Caterpillar Inc., Kohler Co., Camsco Electric Co., and Marathon Thomson Power Systems.

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Company Name: Transparency Market Research
Issued By: Mr. Atil Chaudhari
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City: Albany
State: New York
Zip: 12207
Country: United States
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Keywords : Transfer Switch Market, Global Transfer Switch Market, Transfer Switch Market Size, Transfer Switch Market Share, Transfer Switch Market Trends, Transfer Switch Market Forecast, ,

by Mr. Atil Chaudhari (few years ago!)

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