Quick Summary:
In the dynamically evolving world of power solutions, the Global Static Transfer Switch (STS) Market is poised for substantial growth, projected to reach a sizeable US$3.3 billion by 2030 from an estimated US$2.2 billion in 2022. This comprehensive research report provides an enlightening look into one of the fastest-growing segments of the power industry. Specifically, it offers detailed analysis of the Low Voltage STS sector, exhibiting promising growth trends, and poised to reach US$3 billion by 2030. Moreover, the retrospective analysis included in the report ensures an understanding of the market's journey thus far, paving a clear path to the future.
Not only does this report cover key geographical markets, ranging from the US to Asia-Pacific regions, but it also dives into the competitive landscape of the STS market, featuring 32 major players, including ABB Ltd., Eaton Corporation PLC, and Siemens AG. Unprecedented access to such a wealth of in-depth knowledge and insights is pivotal in empowering your firm to make informed, data-driven decisions. Furthermore, the additional benefits such as special global coverage, access to digital archives, complimentary yearly updates, and more, make this report a must-have companion for business strategists and industry players seeking to advance in the STS market.
Global Static Transfer Switch (STS) Market to Reach $3.3 Billion by 2030
The global market for Static Transfer Switch (STS) estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$3.3 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030. Low Voltage STS, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Medium Voltage STS segment is readjusted to a revised 8.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $589.7 Million, While China is Forecast to Grow at 9.1% CAGR
The Static Transfer Switch (STS) market in the U.S. is estimated at US$589.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$727.7 Million by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$456.3 Million by the year 2030.Select Competitors (Total 32 Featured) -
- ABB Ltd.
- AEG Power Solutions BV
- BPC Energy Limited
- DELTA Power Solutions
- Eaton Corporation PLC
- Inform Elektronik San. ve Tic. A.S.
- JS Fleming
- LayerZero Power Systems, Inc.
- Schneider Electric SA
- Siemens AG
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Static Transfer Switch (STS)?
What is the growth rate of the Global Market for Static Transfer Switch (STS)?
What is the forecasted size of the Global Market for Static Transfer Switch (STS)?
Who are the key companies in the Global Market for Static Transfer Switch (STS)?
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | November 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.2 Billion |
| Forecasted Market Value ( USD | $ 3.3 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- ABB Ltd.
- AEG Power Solutions BV
- BPC Energy Limited
- DELTA Power Solutions
- Eaton Corporation PLC
- Inform Elektronik San. ve Tic. A.S.
- JS Fleming
- LayerZero Power Systems, Inc.
- Schneider Electric SA
- Siemens AG
