Transfer Switch Market to Grow at 6.92% CAGR Driven by Data Centers, Telecom Power System and Healthcare to 2020
Global Transfer Switch Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
Pune, India – March 30, 2016 /MarketersMedia/ —
Transfer switch market is driven by the demand for transfer switches from data centers, telecom power systems, and healthcare facilities. The telecom industry is a major end-user of transfer switches. The telecom companies aim at ensuring continuous service to the customers, for which the telecom towers are required to have a constant and sufficient access to power supply. Therefore, this sector offers significant potential for market growth of transfer switches.
Complete report on transfer switch market spread across 70 pages, analyzing 5 major companies and providing 32 data exhibits is now available at http://www.reportsnreports.com/reports/514483-global-transfer-switch-market-2016-2020.html.
The analysts forecast global transfer switch market to grow at a CAGR of 6.92% during the period 2016-2020. Transfer switches are employed in charging stations for EVs. With the rise in production of EVs and HEVs, we expect an increased construction of these charging stations, which will drive the demand for transfer switches.
Outlook for the Global Transfer Switch Market
Given the challenges of finding 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. Order a copy of Global Transfer Switch Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=514483.
End-user Segmentation and Analysis of the Transfer Switch Market – Industrial, Commercial and 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.
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 generation so that services can be provided without interruption.
Key players in the global transfer switch market: ABB, Cummins, Eaton, Emerson Electric, and General Electric.
Other prominent vendors in the market are: Camsco Electric, Generac, Kohler, Mitsubishi Electric, MTS Power Products, Russelectric, Schneider Electric, Lex Products, Caterpillar, and Dynagen Technologies.
Further, the Transfer switch market report states that fluctuating prices of raw materials have become a major concern for vendors as these hamper their plans while forecasting demand and developing and executing manufacturing plans and inventory management. Such fluctuations can also result in reduced profit margins for vendors.
Another related report is Global High-voltage Switchgear Market 2015-2019, the analysts forecast global high-voltage switchgear market to grow at a CAGR of 12.89% over the period 2014-2019. Browse complete report @ http://www.reportsnreports.com/reports/404562-global-high-voltage-switchgear-market-2015-2019.html.
Key players in the global high voltage switchgear market: ABB, Alstom Grid, GE and Siemens
Other prominent vendors in the market are: BHEL, Crompton Greaves, Eaton, Hyosung Power and Industrial Systems, Mitsubishi Electric, OJSC Power and Xian XD
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