Global Automatic Transfer Switch Market Size, Share & Industry Trends Analysis Report By Switching Mechanism (Contactor, and Circuit), By End-Use (Residential, Commercial, Industrial), By Transition Mode, By Regional Outlook and Forecast, 2023 - 2030

Global Automatic Transfer Switch Market Size, Share & Industry Trends Analysis Report By Switching Mechanism (Contactor, and Circuit), By End-Use (Residential, Commercial, Industrial), By Transition Mode, By Regional Outlook and Forecast, 2023 - 2030

The Global Automatic Transfer Switch Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 10.2% CAGR during the forecast period.

The International Trade Administration (ITA) says that Canada is one of the best places in the world to use clean, renewable energy. In 2019, about 65% of all the power made came from hydro, wind, solar, and other sources like biomass, geothermal, and marine/tidal wave energy. Therefore, the North America region would acquire 1/5th revenue in 2030. Many businesses and factories also have backup power systems if the main power goes out. The market may also proliferate because of the growth of ICT (information and communication technology), which needs a steady power source. Many more automated factories and smart buildings with built-in automation systems are being used in this region. These systems include AT switches and other related goods like PLCs, sensors, actuators, controllers, etc. Some of the factors impacting the market are continuous growth of uninterrupted power applications, growing usage of microgrid networks, and impact of regulatory standards on ATS designs.

Many countries have power outages because power grids are stressed due to rising population, rising energy demand, and old power equipment. Power outages hurt end users, making it harder for utilities to make money and widening the gap between supply and demand. Unexpected power blackouts and brownouts have made people want backup power sources like generators and UPS systems that work well and are reliable. Additionally, one of the main things driving the rise of the market is the rising popularity of microgrids. There are also more commercial and residential units in rural places, which puts more stress on the utility. A lot of different loads can get stable and long-lasting power from microgrids. In turn, this will help the demand for es grow. Therefore, the increasing popularity of microgrids is positively affecting the growth of automatic transfer switches.

However, Various international and regional electrical commissions regulate the market, and all ATS products that enter the market are subjected to stringent regulations. As the technical and manufacturing standards vary from country to country, it spells additional costs for the manufacturers in designing different architecture based on the country's requirements. Every automatic transfer switch must have a short circuit withstand and close-on rating (WCR). Certification delays can slow product development and time-to-market, making it difficult for manufacturers to respond quickly to changing customer needs and market demands. Therefore, such factors will impede the market's growth during the forecast period.

Switching Mechanism Outlook

Based on the switching mechanism, the market is divided into contractor and circuit. The circuit segment acquired a noteworthy revenue share in the market in 2022. Circuit switching mechanisms are known for their reliability in providing a stable and uninterrupted power supply. By automating the transfer process, ATS helps prevent power disruptions that could affect sensitive equipment and critical processes in various industries. Many ATS systems with circuit switching mechanisms are designed to integrate with advanced monitoring and control systems. This integration allows for real-time monitoring of power conditions and facilitates proactive measures to address potential issues before they lead to power failures.

End-Use Outlook

Based on the end-use, the market is categorized into residential, commercial, and industrial. In 2022, the residential segment gained the maximum revenue share in the market. The segment is growing due to improvements in domestic transfer switches, which include many smart, intelligent, and easy-to-use features. A transfer switch can be used for just a few circuits or the whole house for homes with backup generators. The delay function, as well as generator signal input, also set the stage for smart handling of the generator when it is used as a backup power source. Another thing that the fire safety signal input of ATS does is meet the requirements for fireproof home buildings.

Transition Mode Outlook

On the basis of transition mode, the market is segmented into open, soft load, closed, and delayed. In 2022, the closed segment gained the highest revenue share in the market. In this mode, the switch will stay in touch with both power sources (grid and generator) until a stable link is made. The connection is usually kept for about a tenth of a second, so there is no real risk of backfeeding or dangerous overlap. Businesses that can't risk a short power outage often use these instead of open-transfer switches because they don't stop the power. Large companies, hospitals, data centers, and similar places fall into this category.

Regional Outlook

On the basis of region, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region gained the highest revenue share in the market. The Asia-Pacific region became the biggest player in the market for automatic transfer switches, bringing in a lot of money and likely to stay there for a while longer. The Asia-Pacific market has a lot of room for growth in the ATS business. This is because new markets like China, India, and Southeast Asian countries are growing their economies very quickly. Also, more money is being put into renewable energy sources in the region. This will open up new possibilities for the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Siemens AG, Generac Holdings, Inc., ABB LTD., Kohler Co., Schneider Electric SE, Caterpillar, Inc., Cummins, Inc., Eaton Corporation PLC, Vertiv Holdings Co.

Strategies Deployed in Automatic Transfer Switch Market

Jul-2022: Siemens Smart Infrastructure came into a partnership with Esri, the global leader in geographic information systems and location intelligence. Together the companies aimed to improve their abilities for the operations, planning, and supervision of power networks at grid operators by integrating Esri’s powerful mapping and spatial analytics software and Siemens’ electrical topology expertise.

Jun-2022: Schneider Electric came into a partnership with Hitachi Energy, a market and technology superior. Through this collaboration, the companies aimed to deliver better consumer value and boost the energy transition. Additionally, the collaboration builds on the authorized track record, international footprint, and vast experience of both these sustainable energy technology supervisors in producing projects for renewables, mining, data centers, and other enterprise segments.

Oct-2021: Schneider Electric unveiled TransferPacT, a new range of Automatic Transfer Switching Equipment. The new TransferPacT Automatic delivers comfortable installation and quick settings, specifically in building infrastructure. Moreover, the TransferPacT permits consumers the flexibility and scalability to extend functions of ATSE by just adding functional modules as per requirement.

Jul-2021: Generac Holdings completed the acquisition of Deep Sea Electronics Limited, an advanced controls manufacturer and designer. With this acquisition, Generac has strengthened its engineering and management abilities which would advance and support the innovation of its products to fulfill the dynamic requirements of the growing energy technology industry and its consumers.

May-2021: Cummins introduced PowerCommand X-Series transfer switches. The new switches are developed for flexibility with current ratings from 40 amps to 3000 amps. Furthermore, PowerCommand X-Series is available as both transfer switches and service-entrance rated transfer switches and deliver the most elevated UL1008 time-based and short-time withstand and closing ratings in the market.

Apr-2021: Kohler Power Systems introduced a new line of electrically operated bypass-isolation transfer switches. The new product line is developed to interface with Kohler paralleling and generators switchgear. Additionally, these switches are open as standard (KAS) and programmed (KAP) transition configurations, including single-touch controls authorizing consumers to share essential loads between power bases.

Mar-2021: Siemens took over C&S Electric, a leading manufacturer of electrical and electronic equipment in India. This acquisition would allow Siemens to manage the competitive infrastructure low-voltage industry in India while developing a manufacturing hub to head low-voltage products for export to lucrative industries internationally.

May-2020: Caterpillar launched Tech-Link, a new technical service portfolio that allows secure, remote updates of Cat switchgear software. The new Tech-Link decreases setup time and delivers flexibility for operational shifts while lowering service costs. Additionally, Cat switchgear is developed to offer power system management from controlling and monitoring standby/load control to multi-unit utility paralleling installations.

Mar-2020: Generac introduced PWRview ATS, First-Ever Automatic Transfer Switch with combined home energy monitoring abilities. The new PWRview ATS permits any home furnished with a home standby generator to instantly access effective, money-saving wisdom about the home's energy usage.

Jul-2019: ABB launched zenith ZTX and ZTG series, the next generation of automatic transfer switches. The Zenith ZTX and ZTG series driven by ABB’s proven TruONE technology includes both the controller and switch in one seamless, self-contained division. Additionally, this decreases the number of connections and wires, delivers up to 25 percent more space for wire twisting in the compartment, and undervalues the possibility of connection collapses.

Mar-2019: Siemens completed the acquisition of Russelectric, a Massachusetts-based electric infrastructure manufacturer. This acquisition would obtain jointly the companies’ unique advanced electrical power offerings and service institutions to support crucial markets such as public infrastructure, data centers, and healthcare to address the increasing demand to enhance security, power reliability, and affordability.

Scope of the Study

Market Segments covered in the Report:

• Contactor
• Circuit

By End-Use

• Residential
• Commercial
• Industrial

By Transition Mode

• Closed
• Soft Load
• Open
• Delayed

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• General Electric Company
• Siemens AG
• Generac Holdings, Inc.
• ABB LTD.
• Kohler Co.
• Schneider Electric SE
• Caterpillar, Inc.
• Cummins, Inc.
• Eaton Corporation PLC
• Vertiv Holdings Co.

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