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Overview of the global transfer switch market
Transfer switches play a critical role in shifting power loads between two sources. It is essential in emergency or standby systems. These switches are used in other applications also such as data centers, hospitals, and commercial setups. Since many facilities require a continuous power supply, many have standby systems like generators so that when there is a power failure, the switch seamlessly transfers over to the auxiliary system. With a boom in technology and manufacturing, the need for these switches is bound to increase. Technavio’s market research analyst predicts the global transfer switch market to grow steadily at a CAGR of close to 7% by 2020.
Given the challenges of finding an adequate power to run a business unit of any kind, integrated systems are very much in demand. These power distribution unit (PDU) systems can be used with transfer switches to offer a seamless supply of power. These systems are also quite compact and very useful when space is at a premium. An integrated system combines two or more systems in one unit, which not only saves on space but also switches over smoothly so that sensitive information and equipment (computers) are available to users around the clock.
End-user segmentation and analysis of the transfer switch market
- Industrial
- Commercial
- Residential
According to this market research report, analysts estimate the industrial end-user segment to account for an impressive market share of more than 50% by 2020. The transfer switch market is driven by a major need for a continuous power supply for manufacturing plants and other facilities. Since power outages are a common theme in many developing countries, transfer switches and generators are in huge demand as they help to bridge the gap. Every sector of industry is affected by the lack of power and most of all, the food and beverage industry and hospitals. Countries and industries are building backup systems into their power supply grid so that efficiency can be maintained.
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Geographical segmentation and analysis of the transfer switch market
Even though the transfer switch market is well diversified, the biggest spike in demand for switches is in the APAC region, which will account for more than 41%of the total market revenue. Electricity prices are at an all-time high in countries like India where sectors like telecom, banking, textiles, and hospitals are booming. Investment in many industries is not forthcoming because of the power issue. Governments and power companies are looking at alternate modes of the generation so that services can be provided without interruption.
Competitive landscape and key vendors
The competition is quite intense among the key vendors across the globe. Emerging economies like India and China have their vendors who compete with global giants quite effectively. Local vendors have an advantage as they can manufacture and service units to meet local demand. Prices are also much lower with local vendors.
Key vendors in this market are -
- ABB
- Cummins
- Eaton
- Emerson Electric
- General Electric
Other prominent vendors in the market include Camsco Electric, Generac, Kohler, Mitsubishi Electric, MTS Power Products, Russelectric, Schneider Electric, Lex Products, Caterpillar, and Dynagen Technologies.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the transfer switch market?
- What are the key market trends impacting the growth of the global transfer switch market?
- What are the challenges to market growth for transfer switches?
- Who are the key vendors in the global transfer switch market?
- What are the market opportunities and threats faced by the vendors in the transfer switch market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global transfer switch market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by end-user
- Global transfer switch market by end-users
- Transfer switch market in industrial sector
- Transfer switch market in commercial sector
- Transfer switch market in residential sector
PART 07: Geographical segmentation
- Market segmentation by geography
- Transfer switch market in APAC
- Transfer switch market in North America
- Transfer switch market in Europe
PART 08: Key leading countries
PART 09: Market drivers
- Demand from data center construction sector
- Smart grid developments driving market demand
- Growth of microgrid networks
PART 10: Impact of drivers
PART 11: Market challenges
- Fluctuations in raw material prices
- Regulations and standards
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Growing popularity of EVs
- Demand for telecom towers in APAC
- Expanding healthcare sector
- Increase in use of integrated systems
PART 14: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 15: Key vendor analysis
- ABB
- Cummins
- Eaton
- Emerson Electric
- GE
PART 16: Appendix
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape