Global Automatic Transfer Switches Market Growth 2023-2029

Global Automatic Transfer Switches Market Growth 2023-2029

This report studies the Automatic Transfer Switches market. An automatic transfer switch (ATS) is a device that automatically transfers a power supply from its primary source to a backup source when it senses a failure or outage in the primary source. When a failure occurs in a primary power system, the ATS invokes a standby power source, such as an uninterruptable power supply. An ATS can also start up more long-term backup power systems, such as local diesel generators, to run electric equipment until utility power is restored.
LPI (LP Information)' newest research report, the “Automatic Transfer Switches Industry Forecast” looks at past sales and reviews total world Automatic Transfer Switches sales in 2022, providing a comprehensive analysis by region and market sector of projected Automatic Transfer Switches sales for 2023 through 2029. With Automatic Transfer Switches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automatic Transfer Switches industry.
This Insight Report provides a comprehensive analysis of the global Automatic Transfer Switches landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automatic Transfer Switches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automatic Transfer Switches market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automatic Transfer Switches and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automatic Transfer Switches.
The global Automatic Transfer Switches market size is projected to grow from US$ 1312.8 million in 2022 to US$ 2087 million in 2029; it is expected to grow at a CAGR of 2087 from 2023 to 2029.
Global Automatic Transfer Switches key players include GE, Eaton, Cummins, Briggs & Stratton, ABB, etc. Global top five manufacturers hold a share about 50%. United States and Europe is the largest market, both with a share about 30%, followed by Japan, with a share about 20 percent. In terms of product, Closed transition is the largest segment, with a share about 30%. And in terms of application, the largest application is Industrial, followed by Commercial, Residential.
This report presents a comprehensive overview, market shares, and growth opportunities of Automatic Transfer Switches market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Open transition
Closed transition
Static transfer switch (STS)
Others
Segmentation by application
Industrial
Commercial
Residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
GE
Eaton
Cummins
KOHLER
ABB
Briggs & Stratton
Vertiv
GENERAC
Socomec
Thomson Power Systems
Key Questions Addressed in this Report
What is the 10-year outlook for the global Automatic Transfer Switches market?
What factors are driving Automatic Transfer Switches market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Automatic Transfer Switches market opportunities vary by end market size?
How does Automatic Transfer Switches break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.