Materials & Chemicals / Automatic Transfer Switches Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: GE, Eaton, Cummins, KOHLER
Automatic Transfer Switches Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: GE, Eaton, Cummins, KOHLER
Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Automatic Transfer Switches Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.8% during the review period (2022 to 2027).
Automatic Transfer Switches Market Overview
An automatic transfer switch (ATS) is a device which mechanically transfers a power supply from its primary source to a backup source when it senses an outage or failure in the primary source. When a failure befalls in a primary power system, the ATS summons a standby power source like an uninterruptable power supply. An ATS can also start up more long-term backup power systems like local diesel generators to run electric equipment until utility power is restored.
Transfer switch provide a reliable transferring essential load connections between primary and alternate sources of electrical power. The data centers, hospitals, factories and a wide range of other facility types that require continuous or near-continuous uptime typically utilize an emergency power source such as a generator or a backup utility feed when their normal power source becomes unavailable. These switches connect facilities to backup power without human intervention. The automatic transfer switch dominates the market due to its prompt response in case of a power outage or variation in supply. A residential and industrial sector may account for the largest market share the high installation of the generator system.
Recent Developments
Cummins announces the introduction of a new line of ul1008 transfer switches with industry leading withstand and closing ratings and a new state-of-the-art control
May 18, 2021: The PowerCommand® X-Series transfer switches are designed for versatility with current ratings from 40 amps to 3000 amps. The new products, available as both transfer switches and service-entrance rated transfer switches, offer the highest UL1008 time-based and short-time withstand and closing ratings (WCR) in the industry.
Who are the Major Players in Automatic Transfer Switches Market?
Top Key players in the Automatic Transfer Switches Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Automatic Transfer Switches Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems and others.
What are the major Applications, Types and Regions for Automatic Transfer Switches Market?
Automatic Transfer Switches Market is segmented based on the type, applications, companies and regions.
By Type, Automatic Transfer Switches Market has been segmented into
Open transition
Closed transition
Static transfer switch (STS)
Others
By Applications, Automatic Transfer Switches Market has been segmented into
Industrial
Commercial
Residential
Regional Analysis of Automatic Transfer Switches Market:
Many industries and commercial buildings own back-up power system to avoid any power outage. Also, the expansion of information and communication technology, which requires an uninterrupted power supply, may offer lucrative growth for the market. In Europe, automatic transfer switches gaining momentum in residential and industrial sectors. Germany, UK, Italy, France, and Russia, among others, are massively investing in microgrid infrastructure and renewable energy that would help to leverage the transfer switch market.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
What is our Automatic Transfer Switches Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 6.8% during the review period (2022 to 2027).
By Type
Open transition
Closed transition
Static transfer switch (STS)
Others
By Application
Industrial
Commercial
Residential
By Companies
GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems and others.
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
90
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Automatic Transfer Switches Report
Evaluate Automatic Transfer Switches market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Automatic Transfer Switches market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Automatic Transfer Switches Market is studied from 2017 - 2027.
What is the growth rate of Automatic Transfer Switches Market?
The Automatic Transfer Switches Market is growing at a CAGR of 6.8% over the next 5 years.
Who are the leading key players in Automatic Transfer Switches Market?
GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems and others.
What regions regions does this Automatic Transfer Switches Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Automatic Transfer Switches Market?
Open transition, Closed transition, Static transfer switch (STS), Others
What are the significant Applications of Automatic Transfer Switches Market?
Industrial, Commercial, Residential
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
INTRODUCTION
MARKET DEFINATION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMLINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL AUTOMATIC TRANSFER SWITCHES MARKETBY TYPES
GLOBAL AUTOMATIC TRANSFER SWITCHES MARKET BY APPLICATIONS
MARKET DYNAMICS
DRIVERS
INCREASING DEMAND FOR AUTOMATIC TRANSFER SWITCHES
RESTRAINTS
STRINGENT ENVIRONMENTAL REGUALTIONS
HIGH COST ON MATERIALS
OPPORTUNITIES
AUTOMATIC TRANSFER SWITCHES GROWTH
APPLICATION OF AUTOMATIC TRANSFER SWITCHES
IMPACT OF COVID 19
GLOBALAUTOMATIC TRANSFER SWITCHESMARKET, BY TYPES
INTRODUCTION
OPEN TRANSITION
CLOSED TRANSITION
STATIC TRANSFER SWITCH (STS)
OTHERS
GLOBAL AUTOMATIC TRANSFER SWITCHESMARKET, BY APPLICATION
INTRODUCTION
INDUSTRIAL
COMMERCIAL
RESIDENTIAL
OTHERS
GLOBAL AUTOMATIC TRANSFER SWITCHESMARKET, BY REGION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.