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    Transfer Switch Market Report

    Transfer Switch Market Report
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    Transfer Switch Market Size, Share, Trend, Forecast, & Industry Analysis – 2021- See more...

    Impact of COVID-19 on Transfer Switch Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Transfer Switch Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Transfer Switch Market is likely to witness an impressive CAGR of 6.3% during the forecast period. The market is expected to be driven by ongoing reforms in developed economies aimed at replacing traditional generating technologies with sustainable energy sources. Due to an increase in investments in large-scale renewable capacity integration, the industry has seen a substantial reversal in recent years.

    Transfer Switch Market - Snapshot

    Growth

    6.3% for the next five years

    Major Operation Type

    Manual

    Major Ampere Rating Type

    ≤ 400

    Leading Installation Type

    Critical Operation Power Systems

    Region with the highest demand

    North America

    Key Players

    DynaGen Technologies, Inc., Vertiv Holdings Co., Briggs & Stratton Corporation, Caterpillar Inc., Eaton Corporation plc, Cummins, Generac Holdings Inc., General Electric, Kohler Co., and Schneider Electric SE

    Segment Analysis

    Transfer-Switch-Market-Dominant-Segments

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    Transfer Switch Market Share: By Operation Type

    Based on the operation type, the market is segmented as manual, non-automatic, automatic, and by-pass isolation. The manual switch market is expected to lead owing to fast commercialization and residential establishments across developing economies mixed with the growing apprehensions relating to energy safekeeping. In addition, current disposition of critical operation power systems is likely to further stimulate the product demand during the forecast period.

    Transfer Switch Market Share: By Ampere Rating Type

    Based on the ampere rating type, the market is segmented as ≤ 400, 401 to 1600, and >1600. ≤ 400 Ampere transfer switch is expected to be the leading type during the forecast period owing to the swelling demand for rural electrification in various developing countries. Furthermore, regular voltage fluctuations accompanied with instable phase change processes in residential as well as small scale industrial institutions is expected to boost the market growth during the forecast period.

    Transfer Switch Market Share: By Installation Type

    Based on the installation type, the market is segmented as emergency systems, legally required systems, critical operation power systems, and optional standby systems. Critical operations power system is expected to be the leading type during the forecast period. The concerns surrounding reliability across government amenities, along with national security, is expected to boost the market growth during the forecast period.

    Transfer Switch Market Share: By Region

    In terms of regions, North America is estimated to be the leading region in the market, during the forecast period, on account of the advancing replacement demand for present grid infrastructure. Europe and the Asia-Pacific region are also expected to witness significant growth over the forecast period.

    Transfer-Switch-Market-By-Region

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    Market Scope & Segmentation

    Transfer switch is an electrical switch which transfers the load across two power sources. It prevents any type of overlap and in case of an outage gives a direct and modest method of powering critical functions, comfort solutions, lights, and emergency equipment.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Transfer Switch Market Research Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The transfer switch market is segmented into the following categories.

    Transfer Switch Market Size, Share, & Forecast, by Operation Type:

    • Manual (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Automatic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automatic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • By-pass Isolation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Transfer Switch Market Size, Share, & Forecast, by Switching Mechanism Type:

    • Contactor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Circuit Breaker
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Type Analysis: Molded Case and Power Case

    Transfer Switch Market Size, Share, & Forecast, by Transition Type:

    • Closed (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Open
      • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
      • Type Analysis: Delayed and In-Phase)

    Transfer Switch Market Size, Share, & Forecast, by Ampere Rating Type:

    • ≤ 400 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • 401 to 1600 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >1600 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Transfer Switch Market Size, Share, & Forecast, by installation Type:

    • Emergency Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Legally Required Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Critical Operation Power Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Optional Standby Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Transfer Switch Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Transfer-Switch-Market-Segmentation

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    Key Players

    Some of the key players in the transfer switch market are-

    • DynaGen Technologies, Inc.
    • Vertiv Holdings Co.
    • Briggs & Stratton Corporation
    • Caterpillar Inc.
    • Eaton Corporation plc
    • Cummins
    • Generac Holdings Inc.
    • General Electric
    • Kohler Co.
    • Schneider Electric SE.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the operation types by transition type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The transfer switch market is expected to witness an impressive growth of 6.3% CAGR in the foreseeable future.

    DynaGen Technologies, Inc., Vertiv Holdings Co., Briggs & Stratton Corporation, Caterpillar Inc., Eaton Corporation plc, Cummins, Generac Holdings Inc., General Electric, Kohler Co., and Schneider Electric SE are among the key players in the transfer switch market.

    North America is expected to be the leading transfer switch market during the forecast period.

    The manual switch market is expected to lead owing to fast commercialization and residential establishments across developing economies mixed with the growing apprehensions relating to energy safekeeping.

    < 400 Ampere transfer switch is expected to be the leading type in the transfer switch market in the coming years.

    Ongoing reforms in developed economies aimed at replacing traditional generating technologies with sustainable energy sources is the major factor driving the growth of transfer switch market.

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