Product Code: SR1019E69_Report
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.
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 Transfer Switch
- Contactor Based Transfer Switch
- Circuit Based Transfer Switch
- 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
- 301-1600A
- 1601A-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?
Table of Contents
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. Major Types
- 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 Transfer Switch) Market: Sales Value (in Million US$), 2013 & 2018
- Figure 13: Global: Transfer Switch (Automatic Transfer Switch) Market Forecast: Sales Value (in Million US$), 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) Market: Sales Value (in Million US$), 2013 & 2018
- Figure 25: Global: Transfer Switch (0-300A) Market Forecast: Sales Value (in Million US$), 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 (1601A-4000A) Market: Sales Value (in Million US$), 2013 & 2018
- Figure 29: Global: Transfer Switch (1601A-4000A) Market Forecast: Sales Value (in Million US$), 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
