The report “Transfer Switch - Global Trends and Forecasts to 2020’’, defines and segments the global transfer switch market with an analysis and market size forecast. The transfer switch market is projected to grow from an estimated value of $1,070.6 Million in 2015 to $1,470.9 Million by 2020 at a CAGR of 6.6% from 2015 to 2020.
Browse 67 market data tables and 45 figures spread through 214 pages and in-depth TOC on “Transfer Switch Market - Global Trends and Forecasts to 2020"
Early buyers will receive 10% customization on report.
Asia-Pacific: The largest region for transfer switch
Asia-Pacific accounts the largest market share of transfer switch due to the growing trend in the industrial and commercial sector especially in countries such as China and India. However, most of the countries in this region are still developing and lacks proper power distribution infrastructure. This leads to outages, blackouts, brownouts, and power surges. This is driving the transfer switch market in this region and is expected to be the leading market by 2020. China is investing a lot for the expansion of its power sector and is also one of the leading markets for the sales of generators and electrical equipment.
Make an Inquiry@
North America and Europe stood at the second and third position in the global transfer switch, respectively, in 2014. U.S., Germany, U.K. are the major countries in two regions and held a significant share in the global market. France, Mexico, and Canada are expected to be the fastest growing countries with high growth rate in next five years period.
Automatic Transfer Switch: Largest Type Segment
Automatic transfer switches continuously monitors the supply power and immediately switches whenever it sense shortage or fluctuation in power. Its market is growing at a fast pace and is rapidly expanding into new geographies. The automatic transfer switch market contributes to nearly 80% of the global transfer switch market share, whereas rest goes to manual transfer switch. Automatic transfer switch is widely used to ensure safe operations and are well synchronized with the primary and secondary source of power. The automatic transfer switch market is sub-segmented into static transfer switch, contactor based transfer switch and circuit based transfer switch.
Industrial: Largest Application Segment
The industrial segment accounted for the largest share in the global transfer switch market. The industrial sector comprises mainly power rental companies, utilities, telecom & IT (datacenters) and construction & manufacturing, mining industries, oil & gas, automotive, & pharmaceuticals industries.
The commercial sector is growing and providing new opportunities for global transfer switch market. This segment is being driven by the expansion of urban areas and the development of commercial trade hubs. The opportunities coming from the commercial sector will increase the number of shopping malls, sport complexes, resorts, and hotels.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India