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Transfer Switches - Global Market Trajectory & Analytics

  • ID: 4806330
  • Report
  • May 2021
  • Region: Global
  • 668 pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • ASCO Power Technologies
  • Cummins, Inc.
  • Eaton Corporation Inc.
  • GE Power
  • Kohler Power Systems

Global Transfer Switches Market to Reach US$2.1 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Transfer Switches estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027.Automatic, one of the segments analyzed in the report, is projected to grow at a 6% CAGR to reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Manual segment is readjusted to a revised 2.9% CAGR for the next 7-year period. This segment currently accounts for a 19.4% share of the global Transfer Switches market.

The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 8.3% CAGR for the Period of 2020-2027


The Transfer Switches market in the U.S. is estimated at US$387.6 Million in the year 2020. The country currently accounts for a 27.08% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$437.3 Million in the year 2027 trailing a CAGR of 8.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR while Rest of European market (as defined in the study) will reach US$437.3 Million by the year 2027.

Select Competitors (Total 50 Featured) -

  • ABB Ltd.
  • ASCO Power Technologies
  • Briggs & Stratton Corporation
  • Cummins, Inc.
  • Eaton Corporation Inc.
  • GE Power
  • Generac Power Systems, Inc.
  • Kohler Power Systems
  • Regal Beloit Corporation
  • Schneider Electric SE
  • Socomec, Inc.
  • Vertiv Group Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • ASCO Power Technologies
  • Cummins, Inc.
  • Eaton Corporation Inc.
  • GE Power
  • Kohler Power Systems
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Transfer Switches - A Prelude
  • Classification of Transfer Switches Based on Switch Type
  • Classification of Transfer Switches Based on Transition Mode
  • Classification of Transfer Switches Based on Ampere Rating
  • Major Application Areas for Transfer Switches
  • Transfer Switches: Current Market Scenario and Outlook
  • Automatic Transfer Switch (ATS): Largest and Fastest Growing Product Type
  • Manual Transfer Switches Remain in Contention
  • Exhibiting Fastest Growth, Developing Regions Set to Emerge as Dominant Consumers
  • Exhibit 1: World Transfer Switches Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: World Transfer Switches Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan
  • Economic Scenario and Its Impact on Transfer Switches Market
  • Exhibit 3: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Industrial Sector: Major Consumer
  • Exhibit 4: Top 10 Countries in Terms of Manufacturing Output: 2018
  • COMPETITIVE SCENARIO
  • Transfer Switches: A Fragmented Marketplace
  • RECENT MARKET ACTIVITY
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ABB Ltd. (Switzerland)
  • Briggs & Stratton Corporation (USA)
  • Cummins, Inc. (USA)
  • Eaton Corporation Inc. (USA)
  • Generac Power Systems, Inc. (USA)
  • GE Power (USA)
  • Kohler Power Systems (USA)
  • Regal Beloit Corporation (USA)
  • Schneider Electric SE (France)
  • ASCO Power Technologies (USA)
  • Socomec, Inc. (USA)
  • Vertiv Group Corporation (USA)
3. MARKET TRENDS & DRIVERS
  • Increasing Demand for Continuous Power Supply Worldwide Fuels Demand for Transfer Switches
  • Exhibit 5: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Exhibit 6: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
  • Exhibit 7: Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
  • Rising Investments on Smart Grids Accelerates Market Adoption
  • Exhibit 8: Global Spending on Smart Grid Infrastructure (in US$ Billion) for the Years 2019, 2021, and 2023
  • Novel Opportunities Identified in Renewable Energy Sector
  • Exhibit 9: Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
  • Exhibit 10: Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Rising Number of Weather-related Power Outages Drive Demand
  • Exhibit 11: Cost of Load Failures Due to Power Disruptions/Outages in US$ Per Hour by Select Commercial Activity
  • Exhibit 12: Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
  • Urban Sprawl Aids Market Expansion
  • Exhibit 13: World Urban Population in Millions: 2000-2050
  • Growth in the Construction Industry to Drive the Market for Transfer Switches
  • Exhibit 14: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Exhibit 15: Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Exhibit 16: Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
  • Exhibit 17: Healthy Construction Project Pipeline Value to Build Megacities Drives Importance of Transfer Switches: Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Steady Momentum in World Mining Industry Favors Market Growth
  • World Mining Industry by Material Category: A Snapshot
  • Exhibit 18: Leading Mining Nations in the World (2018): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
  • Transfer Switches Seek to Solidify Role in Data Center Electrical Infrastructure
  • Exhibit 19: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
  • Exhibit 20: Data Center New Floor Space Capacity Additions (in ‘000 Sq. ft.) Worldwide for the Years 2013, 2015, 2017, and 2019
  • A Review of Select New and Upcoming Mega Data Center Projects
  • Transfer Switches Gain Relevance in Airport Electrical Infrastructure
  • Robust Opportunities for Transfer Switch in Portable Generator Applications
  • Disaster Response Sector Relies on Power Generators for Ensuring Power Supply during Outages
  • Standby System Requirements Widen Use Case of Transfer Switches
  • Transfer Switches in Oil & Gas Industry: Essential to Prevent Downtime
  • Lack of Power Infrastructure in Developing Regions Drives the Demand for Transfer Switches
  • Aging Infrastructure in Developed Economies Spur Demand
  • Technology Innovations & Developments Continue to Widen Addressable Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • The United States: Dominant Consumer
CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 50
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • ASCO Power Technologies
  • Briggs & Stratton Corporation
  • Cummins, Inc.
  • Eaton Corporation Inc.
  • GE Power
  • Generac Power Systems, Inc.
  • Kohler Power Systems
  • Regal Beloit Corporation
  • Schneider Electric SE
  • Socomec, Inc.
  • Vertiv Group Corporation
Note: Product cover images may vary from those shown
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