Transfer Switch Market Size By Operation (Manual, Non-Automatic, Automatic, By-pass Isolation), By Switching Mechanism (Contactor, Circuit Breaker {Molded Case, Power Case}), By Transition (Closed, Open {Delayed, In-Phase}), By Ampere Rating (≤ 400, 401 to 1600, >1600), By Installation (Emergency Systems, Legally Required Systems, Critical Operation Power Systems, Optional Standby Systems), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Aug 2017  |  Report ID: GMI2037  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 325   |   Base Year: 2016




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global Transfer Switch Market size for 2016 was valued over USD 1 billion and is set to witness annual installation of 5 million units by 2024.
 

Europe Transfer Switch Market, By Application, 2016 & 2024 (‘000 Units)
Europe Transfer Switch Market, By Application, 2016 & 2024 (‘000 Units)

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Ongoing reforms toward the replacement of conventional generating technologies with sustainable energy sources across developed economies will drive the transfer switch market size. The industry has witnessed a significant turnaround in the recent years owing to the upsurge in investments toward large scale renewable capacity integration. The technology has appreciably been perked subject to the renewable energy targets pledged by the nations during the UN Climate Change Conference in 2015.  In 2016, the European Union (EU) revised its renewable energy directive 2009/28/EC. The amendment lays binding norms of 27% final energy consumption from sustainable energy sources by 2030 across the region.
 

Expeditious adoption of ancillary sources of power across commercial and residential establishments will embellish the transfer switch market share. Advancing product efficiencies coupled with increasing concern towards the reduction in standby losses and cost of energy will further positively influence the business landscape.
 

Evolving technological precision favoured by escalating industrial expenditure will drive the demand for a reliable and safe operating environment across industries. Favourable government initiatives pertaining to operational safety coupled with increasing demand for HVAC networks across industries will stimulate the transfer switch market growth. Ongoing regulatory reforms to amplify foreign direct investment (FDI) opportunities across industrial establishments will further boost the business outlook.

 

Transfer Switch Market Report Coverage
Report Coverage Details
Base Year: 2016
Historical Data for: 2013 to 2016 Forecast Period: 2017 to 2024
Pages: 325 Tables, Charts & Figures: 678
Geographies covered (19): U.S., Canada, Mexico, Germany, France, Russia, UK, Italy, Spain, China, Japan, South Korea, India, Australia, UAE, South Africa, Saudi Arabia, Brazil, Argentina
Segments covered: Operation, Switching Mechanism, Transition, Ampere Rating, Installation and Region
Companies covered (16): General Electric, Vertiv, Generac, Kohler, Cummins, Caterpillar, DynaGen, Briggs & Stratton, Eaton, Schneider Electric, ABB, Siemens, Russelectric, AEG, MBH Electric, Zhejiang Yuye Electric

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Transfer Switch Market, By Operation

Rapid commercialization and residential establishments across developing economies coupled with increasing concerns pertaining to energy security will fuel the manual transfer switch market share. Rising investments across the real estate sector favoured by increasing refurbishment demand of existing conventional infrastructure across developed economies will foster the business outlook. In 2017, Blackstone supported by the Saudi Arabian government has proposed investments worth USD 40 billion across the U.S. infrastructure sector.
 

Automatic operations in 2016, subject to the operational flexibility favoured by frequency sensing capabilities when compared to its competitive counterparts hold the majority share across the transfer switch market. The technology is further projected to retain the stake in the coming years on account of its power reliability coupled with effective compatibility with permanently installed standby generators. Quicker response time coupled with ongoing deployment of critical operation power systems including HVAC networks, fire-alarms, security, communication, and signalling units will further stimulate the product demand.
 

Transfer Switch Market, By Switching Mechanism

Effective prevention of inrush current across the electrical network favoured by low initial costs will foster transfer switch market growth. The technology has been segregated as in-phase and delayed transitions, which further adds to the advantage of operationally flexible open transition switches. Increasing demand for cost effective electrical equipment across residential establishments along with small scale industrial applications will boost the product demand.
 

Closed transition transfer switch market is set to exceed annual installation of over 1 million units by 2024. The technology in the recent years has witnessed modest industry penetration subject to its comparatively high initial costs and inability to synchronize with manual controller operations. Favourable government initiatives pertaining to operational safety supported by rapid adoption of technological precision will boost the product demand.
 

Transfer Switch Market, By Ampere Rating

Increasing demand for rural electrification across developing economies favoured by ongoing refurbishment of electrical networks across the developed regions will drive the ≤ 400 Ampere transfer switch market size. Frequent voltage fluctuations coupled with volatile phase change operations across residential and small scale industrial establishments will foster the demand for backup power sources. However, the increasing penetration of auxiliary sources of power will further enhance the product demand.
 

401 to 1600 ampere transfer switch market in 2016 was valued over USD 300 million. Rapid urbanization and large scale commercial establishments thrust the industry landscape. Ongoing regulatory measures towards renewable integration coupled with rapidly expanding micro-grid networks will further complement the business outlook. Rising demand for HVAC networks across urban establishments along with rising concerns toward operational safety and reliability will further stimulate the product penetration.
 

Transfer Switch Market, By Installation

Critical operations power system is projected to witness gain over 5% by 2024. Ongoing concerns pertaining to operational reliability and safety across government facilities, deemed paramount to the economy, national security, or public health will propel the transfer switch market. Pivoting security of supply demand supported by demand and supply side management directives will fuel the deployment of overcurrent protective devices, which in turn will embellish the business landscape.
 

Lack of effective grid infrastructure across pastoral regions coupled with soaring peak load demand will positively drive optional standby transfer switch market. Growing demand for rural electrification favoured by ongoing commercialization across developing regions have integrated a favourable business scenario. Upsurge in the expenditure to reinstate the slumping small-scale industries across developing economies will further complement the industry outlook.
 

Transfer Switch Market, By Region

The U.S. accounted for over 70% of the North America transfer switch market share owing to the expediting replacement demand for existing grid infrastructure. Increasing adoption of customized products along with smart control switching technologies will positively influence the business landscape. Department of Energy in 2015 re-enacted the Building America program with an aim to ensure the integration of a sustainable electrical network across the country. Henceforth, ongoing regulatory reforms favoured by the amenable adoption of advancing switching technologies will foster the industry landscape.
 

China transfer switch market is projected to exceed USD 200 million by 2024. Rapid urbanization coupled with commercial establishments in line with appreciable economic growth will stimulate the industry potential. Soaring security of supply concerns coupled with ongoing regulatory reforms pertaining to large-scale renewable integration will fuel the product demand. The industry subject to rapid expansion of manufacturing units in line with mass production capabilities is further anticipated to witness steep progression across the country.

 

Competitive Market Share

Eminent players in the transfer switch market include General Electric, Vertiv, Generac, Kohler, Cummins, Caterpillar, DynaGen, Briggs & Stratton, Eaton, Schneider Electric, ABB, Siemens, Russelectric, AEG, MBH Electric, and Zhejiang Yuye Electric.
 

Bulk manufacturing coupled with extensive R&D investments toward the development of advance protection & control technologies have been the prominent strategic implication adopted by the key participants. High-end tailored products and expansion of production facilities to cope with amplifying demand for flexible product integration prevail to be other critical factors influencing the industry rivalry.
 

Transfer Switch Industry Background  

Transfer switch is an electrical switch that transfers the load across two power sources. These are segregated as, manual, where an operator effects the transition by handling a switch, while the automatic trigger through sensing whether any of the sources has either gained or lost power. Data centres, factories, hospitals, and a vast range of institutional and commercial facilities that require continuous uptime, utilize an emergency power source including a backup utility feed or a generator.
 


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