Global Static Transfer Switch (STS) Market Growth 2023-2029

Global Static Transfer Switch (STS) Market Growth 2023-2029

A static transfer switch uses power semiconductors such as Silicon-controlled rectifiers (SCRs) to transfer a load between two sources. Because there are no mechanical moving parts, the transfer can be completed rapidly, perhaps within a quarter-cycle of the power frequency.
LPI (LP Information)' newest research report, the “Static Transfer Switch (STS) Industry Forecast” looks at past sales and reviews total world Static Transfer Switch (STS) sales in 2022, providing a comprehensive analysis by region and market sector of projected Static Transfer Switch (STS) sales for 2023 through 2029. With Static Transfer Switch (STS) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Static Transfer Switch (STS) industry.
This Insight Report provides a comprehensive analysis of the global Static Transfer Switch (STS) 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 Static Transfer Switch (STS) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Static Transfer Switch (STS) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Static Transfer Switch (STS) 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 Static Transfer Switch (STS).
The global Static Transfer Switch (STS) market size is projected to grow from US$ 673 million in 2022 to US$ 1121.9 million in 2029; it is expected to grow at a CAGR of 1121.9 from 2023 to 2029.
ABB was the global largest manufacturer in the Static Transfer Switch market, accounted for maximal market share of 17% in the global market, followed by Eaton, Schneider Electric, DELTA, L3Harris Technologies, Vertiv Group, Piller Group, Socomec Group, Inform UPS, Mitsubishi Electric, AEG Power Solutions, LayerZero Power Systems, Power Distribution, and Godgoal. Top 5 companies took up a combined market share of 61% of the world total. North America held the largest market share close to 37%, followed by Europe of 34.03% in 2018. Rapid industrialization is driving the market growth of this industry.
This report presents a comprehensive overview, market shares, and growth opportunities of Static Transfer Switch (STS) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Single-phase
Three-phases
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.
ABB
Eaton
Schneider Electric
DELTA
L3Harris Technologies
Vertiv Group
Piller Group
Socomec Group
Inform UPS
Mitsubishi Electric
AEG Power Solutions
LayerZero Power Systems
Power Distribution
Godgoal
Key Questions Addressed in this Report
What is the 10-year outlook for the global Static Transfer Switch (STS) market?
What factors are driving Static Transfer Switch (STS) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Static Transfer Switch (STS) market opportunities vary by end market size?
How does Static Transfer Switch (STS) 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.