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Transfer Switch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • ID: 5331091
  • Report
  • May 2021
  • Region: Global
  • IMARC Group

FEATURED COMPANIES

  • ABB
  • Caterpillar
  • DynaGen Technologies
  • Eltek
  • Generac Power Systems
  • Mitsubishi Electric
  • MORE
The global transfer switch market exhibited moderate growth during 2015-2020. 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, the publisher expects the global transfer switch market to grow at a CAGR of around 6% during 2021-2026.

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 has been the impact of COVID-19 on 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?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Caterpillar
  • DynaGen Technologies
  • Eltek
  • Generac Power Systems
  • Mitsubishi Electric
  • MORE
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 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Transition Mode
5.6 Market Breakup by Rating
5.7 Market Breakup by End-Use Sector
5.8 Market Breakup by Region
5.9 Market Forecast

6 Market Breakup by Type
6.1 Automatic Transfer Switch
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Contactor Based Transfer Switch
6.1.2.2 Circuit Based Transfer Switch
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$), 2015-2020
Figure 3: Global: Transfer Switch Market: Breakup by Type (in %), 2020
Figure 4: Global: Transfer Switch Market: Breakup by Transition Mode (in %), 2020
Figure 5: Global: Transfer Switch Market: Breakup by Rating (in %), 2020
Figure 6: Global: Transfer Switch Market: Breakup by End Use-Sector (in %), 2020
Figure 7: Global: Transfer Switch Market: Breakup by Region (in %), 2020
Figure 8: Global: Transfer Switch Market Forecast: Sales Value (in Billion US$), 2021-2026
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$), 2015 & 2020
Figure 13: Global: Transfer Switch (Automatic Transfer Switch) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Transfer Switch (Manual Transfer Switch) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Transfer Switch (Manual Transfer Switch) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Transfer Switch (Soft Load Transition Mode) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Transfer Switch (Soft Load Transition Mode) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Transfer Switch (Closed Transition Mode) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Transfer Switch (Closed Transition Mode) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Transfer Switch (Delayed Transition Mode) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Transfer Switch (Delayed Transition Mode) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Transfer Switch (Open Transition Mode) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Transfer Switch (Open Transition Mode) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Transfer Switch (0-300A) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Transfer Switch (0-300A) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Transfer Switch (301-1600A) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Transfer Switch (301-1600A) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Transfer Switch (1601A-4000A) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Transfer Switch (1601A-4000A) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Transfer Switch (Industrial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Transfer Switch (Industrial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Transfer Switch (Commercial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Transfer Switch (Commercial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Transfer Switch (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Transfer Switch (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia Pacific: Transfer Switch Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia Pacific: Transfer Switch Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Transfer Switch Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Transfer Switch Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Europe: Transfer Switch Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Europe: Transfer Switch Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Middle East and Africa: Transfer Switch Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Middle East and Africa: Transfer Switch Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Latin America: Transfer Switch Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Latin America: Transfer Switch Market Forecast: Sales Value (in Million US$), 2021-2026

List of Tables
Table 1: Global: Transfer Switch Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Transfer Switch Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Transfer Switch Market Forecast: Breakup by Transition Mode (in Million US$), 2021-2026
Table 4: Global: Transfer Switch Market Forecast: Breakup by Rating (in Million US$), 2021-2026
Table 5: Global: Transfer Switch Market Forecast: Breakup by End-Use Sector (in Million US$), 2021-2026
Table 6: Global: Transfer Switch Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Transfer Switch Market Structure
Table 8: Global: Transfer Switch Market: Key Players
Note: Product cover images may vary from those shown
  • 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
Note: Product cover images may vary from those shown

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