Global Transfer Switch Market 2016-2020

Have a look at the key details offered by the global transfer switch market research analysis

Want a bigger picture? Try a FREE sample of this report now!

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

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.

Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your FREE 14-day trial

Geographical segmentation and analysis of the transfer switch market 

• Americas
• APAC
• EMEA

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?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch