Global Transfer Switches Market Growth 2023-2029

Global Transfer Switches Market Growth 2023-2029

This report studies the Transfer Switches market. The transfer switch (TS) is an electrical device that allows the transfer of power sources to the load. This superior switching methodology means that if one power source fails, the TS switch connects the load to the back-up power source. The switch market comprises of two transfer switches, namely the automatic transfer switch (ATS) and manual transfer switch (MTS).

LPI (LP Information)' newest research report, the “Transfer Switches Industry Forecast” looks at past sales and reviews total world Transfer Switches sales in 2022, providing a comprehensive analysis by region and market sector of projected Transfer Switches sales for 2023 through 2029. With Transfer Switches sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Transfer Switches industry.

This Insight Report provides a comprehensive analysis of the global 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 Transfer Switches portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Transfer Switches market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 Transfer Switches.

The global Transfer Switches market size is projected to grow from US$ 966.3 million in 2022 to US$ 1474.6 million in 2029; it is expected to grow at a CAGR of 1474.6 from 2023 to 2029.

North America is the largest market with about 30% market share. Europe and Japan are follower, accounting for about 45% market share.

The key players are Vertiv, GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems etc. Top 3 companies occupied about 45% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Transfer Switches market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Automatic Transfer Switches
Manual Transfer Switches

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.
Vertiv
GE
Eaton
Cummins
KOHLER
ABB
Briggs & Stratton
GENERAC
Socomec
Thomson Power Systems

Key Questions Addressed in this Report

What is the 10-year outlook for the global Transfer Switches market?

What factors are driving Transfer Switches market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Transfer Switches market opportunities vary by end market size?

How does 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.