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Transfer Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global transfer switch market was worth US$ 1.3 Billion in 2018. 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

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. Looking forward, IMARC Group expects the market to reach a value of US$ 1.8 Billion by 2024, registering a CAGR of 5.3% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Type:
    • Automatic
      • Contactor Based
      • Circuit Based
      • Static Transfer switch
    • Manual Transfer Switch
       
  • Market Breakup by Transition Mode:
    • Soft Load Transition Mode
    • Closed Transition Mode
    • Delayed Transition Mode
    • Open Transition Mode
       
  • Market Breakup by Rating:
    • 0-300A Rating
    • 301-1600A
    • 1600A-4000A
       
  • Market Breakup by End-Use Sector:
    • Industrial
    • Commercial
    • Residential
       
  • Market 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:

  • How has the global transfer switch market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global transfer switch industry?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the transition mode?
  • What is the breakup of the market based on the rating?
  • What is the breakup of the market based on the end-use sector?
  • What are the various stages in the value chain of the global transfer switch industry?
  • What are the key driving factors and challenges in the global transfer switch industry?
  • What is the structure of the global transfer switch industry and who are the key players?
  • What is the degree of competition in the global transfer switch industry?

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    Market Breakup by Type
    5.4    Market Breakup by Transition Mode
    5.5    Market Breakup by Rating
    5.6    Market Breakup by End-Use Sector
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Type
    6.1    Automatic
        6.1.1    Market Trends
        6.1.2    Market Breakup by Type
            6.1.2.1    Contactor Based
            6.1.2.2    Circuit Based
            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 Rating
        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

List of Figures

Figure 1: Global: Transfer Switch Market: Major Drivers and Challenges
Figure 2: Global: Transfer Switch Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Transfer Switch Market: Breakup by Type (in %), 2018
Figure 4: Global: Transfer Switch Market: Breakup by Transition Mode (in %), 2018
Figure 5: Global: Transfer Switch Market: Breakup by Rating (in %), 2018
Figure 6: Global: Transfer Switch Market: Breakup by End Use-Sector (in %), 2018
Figure 7: Global: Transfer Switch Market: Breakup by Region (in %), 2018
Figure 8: Global: Transfer Switch Market Forecast: Sales Value (in Billion US$), 2019-2024
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) Market: Sales Value (in Million US$), 2013 & 2018
Figure 13: Global: Transfer Switch (Automatic) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Transfer Switch (Manual Transfer Switch) Market: Sales Value (in Million US$), 2013 & 2018
Figure 15: Global: Transfer Switch (Manual Transfer Switch) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Transfer Switch (Soft Load Transition Mode) Market: Sales Value (in Million US$), 2013 & 2018
Figure 17: Global: Transfer Switch (Soft Load Transition Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Transfer Switch (Closed Transition Mode) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: Global: Transfer Switch (Closed Transition Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Transfer Switch (Delayed Transition Mode) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: Global: Transfer Switch (Delayed Transition Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Transfer Switch (Open Transition Mode) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: Global: Transfer Switch (Open Transition Mode) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Transfer Switch (0-300A Rating) Market: Sales Value (in Million US$), 2013 & 2018
Figure 25: Global: Transfer Switch (0-300A Rating) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Transfer Switch (301-1600A) Market: Sales Value (in Million US$), 2013 & 2018
Figure 27: Global: Transfer Switch (301-1600A) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Global: Transfer Switch (1600A-4000A) Market: Sales Value (in Million US$), 2013 & 2018
Figure 29: Global: Transfer Switch (1600A-4000A) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Global: Transfer Switch (Industrial) Market: Sales Value (in Million US$), 2013 & 2018
Figure 31: Global: Transfer Switch (Industrial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Global: Transfer Switch (Commercial) Market: Sales Value (in Million US$), 2013 & 2018
Figure 33: Global: Transfer Switch (Commercial) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Global: Transfer Switch (Residential) Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: Global: Transfer Switch (Residential) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Asia Pacific: Transfer Switch Market: Sales Value (in Million US$), 2013 & 2018
Figure 37: Asia Pacific: Transfer Switch Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: North America: Transfer Switch Market: Sales Value (in Million US$), 2013 & 2018
Figure 39: North America: Transfer Switch Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Europe: Transfer Switch Market: Sales Value (in Million US$), 2013 & 2018
Figure 41: Europe: Transfer Switch Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: Middle East and Africa: Transfer Switch Market: Sales Value (in Million US$), 2013 & 2018
Figure 43: Middle East and Africa: Transfer Switch Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Latin America: Transfer Switch Market: Sales Value (in Million US$), 2013 & 2018
Figure 45: Latin America: Transfer Switch Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Transfer Switch Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Transfer Switch Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: Global: Transfer Switch Market Forecast: Breakup by Transition Mode (in Million US$), 2019-2024
Table 4: Global: Transfer Switch Market Forecast: Breakup by Rating (in Million US$), 2019-2024
Table 5: Global: Transfer Switch Market Forecast: Breakup by End-Use Sector (in Million US$), 2019-2024
Table 6: Global: Transfer Switch Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Transfer Switch Market Structure
Table 8: Global: Transfer Switch Market: Key Players

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