The global “Transfer Switch Market: Global Size, Share and Trends Analysis by 2015 to 2021” report brings a complete set of information of the market at the global level in an illuminating manner comprising figures as well as stats. The global Transfer Switch Market offers a base, which provides opportunities for various product developers and services providers, industries, associations, and firms to rise up globally by contending among themselves through offering superior products and satisfactory services. The report delivers with detailed information of the already established market players having a strong hold over the market globally along with the emerging associations in the market in terms of income, dealing, requirement, providing better quality products and services.
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Rising demand for continuous and steady power supply drives the growth of transfer switch market. Increasing acceptance of smart grid technology in the developed regions also contributes to the growth of transfer switch market. However, lack of implementation and awareness regarding use of transfer switch in developing countries may hinder the market expansion. Moreover, regular maintenance of transfer switch is a major challenge for the transfer switch market. Nevertheless, rapid industrialization and increasing urbanization is expected to provide impetus growth for transfer switch market in the near future.
The report comprises the complete data regarding the trade volume, stock value of the market, and the revenue generated by the ventures, along with the short description about the implementation of new as well as existed guidelines and directions by the administration, which can impact the overall growth of the market either directly or indirectly.
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The report provides a comprehensive view on the transfer switch market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the transfer switch market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the transfer switch market during the forecast period.
Major Market Players Included in This Report:
- Marathon Thomson Power System
- Eaton Corporation PLC
- Cummins Inc.
- ABB Ltd.
- Generac Power Systems
- Emerson Electric Company
- Kohler Power and General Electric
Based on type the transfer switch market is segment as manual and automatic transfer switch. Automatic transfer switch market dominated the transfer switch market owing to continuously observe the supply power and instantly switches when it sense lack or variation in power. Transfer switches are available in different ampere range such as below 300A, in between 300A to 1600A and higher than 1600A. On the basis of transition mode the transfer switch market can be segmented as open, closed, delayed and soft load transition made. Number of applications in transfer switch market includes residential, commercial and industrial. Industrial segment emerged as potential segment due to high end user applications for transfer switch.
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Geographically, transfer switch market segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific accounted for the highest share of overall market owing to rapidly developing trend in industrial and commercial sectors.
Marathon Thomson Power System, Eaton Corporation PLC, Cummins Inc., ABB Ltd., Generac Power Systems, Emerson Electric Company, Kohler Power and General Electric among others are some of the key players in the transfer switch market.
The report segments of the transfer switch market into:
Transfer switch Market: Type Segment Analysis
- Manual Transfer Switch
- Automatic Transfer Switch
Transfer switch Market: Ampere based Segment Analysis
- Low (less than 300A)
- Medium (300A-1600A)
- High (more than 1600A)
Transfer switch Market: Transition Mode Segment Analysis
- Open Transition Mode
- Closed Transition Mode
- Soft Load Transition Mode
- Delayed Transition Mode