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Transfer Switches - Market Analysis, Trends, and Forecasts

  • ID: 4806330
  • Report
  • March 2020
  • Region: Global
  • 668 pages
  • Global Industry Analysts, Inc
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The Transfer Switches market worldwide is projected to grow by US$684.5 Million, driven by a compounded growth of 7.1%. Automatic, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.5%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.5 Billion by the year 2025, Automatic will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$21.5 Million to the region's size and clout in the next 5 to 6 years. Over US$18.7 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Automatic will reach a market size of US$46.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.4% over the next couple of years and add approximately US$187 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • ABB Ltd.
  • Briggs & Stratton Corporation
  • Cummins, Inc.
  • Eaton Corporation Inc.
  • Generac Power Systems, Inc.
  • GE Power
  • 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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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
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
Global Competitor Market Shares
EXHIBIT 5: Transfer Switches Competitor Market Share Scenario Worldwide (in %): 2019
Recent Market Activity

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 6: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
EXHIBIT 7: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
EXHIBIT 8: 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 9: Global Spending on Smart Grid Infrastructure (in US$ Billion) for the Years 2019, 2021, and 2023
Novel Opportunities Identified in Renewable Energy Sector
EXHIBIT 10: Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
EXHIBIT 11: 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 12: Cost of Load Failures Due to Power Disruptions/Outages in US$ Per Hour by Select Commercial Activity
EXHIBIT 13: Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
Urban Sprawl Aids Market Expansion
EXHIBIT 14: World Urban Population in Millions: 2000-2050
Growth in the Construction Industry to Drive the Market for Transfer Switches
EXHIBIT 15: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
EXHIBIT 16: Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
EXHIBIT 17: Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
EXHIBIT 18: 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 19: 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 20: Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
EXHIBIT 21: 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
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
The United States: Dominant Consumer
Market Analytics
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 : 44 (including Divisions/Subsidiaries - 50)
Note: Product cover images may vary from those shown
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