Transfer Switch Market to Hit a CAGR of 6.6% to 2020 Led by Automatic Transfer Switch Segment
The transfer switch market is expected to reach $1,470.9 Million by 2020, at a CAGR of 6.6% from 2015 to 2020 led by automatic transfer switch segment and propelled by industrial applications, infrastructural developments, need for uninterrupted and reliable power.
Pune, India – April 29, 2016 /MarketersMedia/ —
This report estimates the transfer switch market, in terms of value. The market has been segmented into (type, transition mode, ampere rating, application), and regions (North America, Europe, Asia-Pacific, and RoW). The automatic transfer switch is further segmented into static, contactor-based and circuit breaker based transfer switch.
Complete report on global transfer switch market spread across 214 pages, profiling 15 companies and supported with 67 tables and 45 figures is now available at http://www.reportsnreports.com/reports/404473-transfer-switch-market-by-type-automatic-manual-transition-mode-open-closed-delayed-soft-load-ampere-rating-0-300a-301a-16ka-16ka-4ka-applications-industrial-commercial-residential-and-region-global-trends-and-forecasts-to-2020.html .
The transfer switch market is expected to reach $1,470.9 Million by 2020, at a CAGR of 6.6% from 2015 to 2020. 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.
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.
Power back-up is one prime requirement for the various industries such as data centers, infrastructural development, and commercial applications. Unreliable grid operations and whether conditions are forcing to install power back-up or alternative source which drives the demand for transfer switch across the globe.
Various secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive commercial study of global transfer switch market. The primary sources include experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the transfer switch market.
The transfer switch market in Asia-Pacific accounted for the largest share of around 40% in 2014. China is the largest market in this region and is expected to continue its dominance in the transfer switch industry.
The market is led by players such as ABB Ltd. (Switzerland), General Electric (U.S.), Cummins Inc. (U.S.), Emerson Electric Company (U.S.), Eaton Corporation PLC. (Ireland), Kohler Power (U.S.), Marathon Thomson Power System (Canada), and Generac Power Systems (U.S.). Ask for discount before order a copy of Transfer Switch Market by Type (Automatic & Manual), Transition Mode (Open, Closed, Delayed, & Soft Load), Ampere Rating (0-300A, 301A-1.6kA, 1.6kA-4kA), Applications (Industrial, Commercial, & Residential) and Region – Global Trends and Forecasts to 2020 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=404473 .
The transfer switch market is segmented on the basis of type, application, transition mode, ampere rating, and region. On the basis of type, the market is segmented into automatic and manual. In terms of transition mode, the market is segmented into open, closed, delayed, soft load transition. The market based on ampere rating covers 0-300A, 301-1600A, and 1600A-4000A. The market is further segmented on the basis of regions such as North America, Asia-Pacific, Europe, and RoW.
On a related note, another research on Pad-Mounted Switchgear Market Global Trends & Forecast to 2020 says, the market is expected to reach a value of USD 6.3billion by 2020, at a CAGR of 9.1% during 2015-2020. Increasing T&S infrastructure investments along with the rising trend towards placing electrical lines underground is driving the market. Air insulated pad-mounted switchgear dominates the global market. Asia-Pacific is the fastest growing market for pad-mounted switchgear. Companies like Eaton Corporation plc (Ireland), G&W Electric (U.S.), Federal Pacific (U.S.), Hubbel Incorporated (U.S.), and S&C Electric Company (U.S.) have been profiled in this 128 pages research report available at http://www.reportsnreports.com/reports/433262-pad-mounted-switchgear-market-by-type-air-insulated-gas-insulated-others-by-voltage-rating-0-15kv-16-25kv-above-25kv-by-application-industrial-commercial-residential-by-region-global-trends-forecast-to-2020.html .
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