Global Transfer Switches Strategic Industry Report 2024: Market to Reach $2.5 Billion by 2030 - Rising Investments on Smart Grids Accelerates Market Adoption

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Transfer Switches - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering. 

Global Transfer Switches Market to Reach $2.5 Billion by 2030

The global market for Transfer Switches estimated at US$1.5 Billion in the year 2022, is projected to reach a revised size of US$2.5 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030. Automatic, one of the segments analyzed in the report, is projected to record 7% CAGR and reach US$2.1 Billion by the end of the analysis period. Growth in the Manual segment is estimated at 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $358.8 Million, While China is Forecast to Grow at 8.4% CAGR

The Transfer Switches market in the U.S. is estimated at US$358.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$596.5 Million by the ye

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Transfer Switches - A Prelude
• Classification of Transfer Switches Based on Switch Type
• Classification of Transfer Switches Based on Transition Mode
• Classification of Transfer Switches Based on Ampere Rating
• Major Application Areas for Transfer Switches
• Transfer Switches: Current Market Scenario and Outlook
• Automatic Transfer Switch (ATS): Largest and Fastest Growing Product Type
• Manual Transfer Switches Remain in Contention
• Exhibiting Fastest Growth, Developing Regions Set to Emerge as Dominant Consumers
• Economic Scenario and Its Impact on Transfer Switches Market
• Industrial Sector: Major Consumer
• Top 10 Countries in Terms of Manufacturing Output: 2018
• COMPETITIVE SCENARIO
• Transfer Switches: A Fragmented Marketplace
• Transfer Switches - Global Key Competitors Percentage Market Share in 2023 (E)
• RECENT MARKET ACTIVITY
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Impact of Covid-19 and a Looming Global Recession

MARKET TRENDS & DRIVERS

• Increasing Demand for Continuous Power Supply Worldwide Fuels Demand for Transfer Switches
• Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
• Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
• Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
• Rising Investments on Smart Grids Accelerates Market Adoption
• Global Spending on Smart Grid Infrastructure (in US$ Billion) for the Years 2019, 2021, and 2023
• Novel Opportunities Identified in Renewable Energy Sector
• Global Solar Power Market: Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
• Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
• Rising Number of Weather-related Power Outages Drive Demand
• Cost of Load Failures Due to Power Disruptions/Outages in US$ Per Hour by Select Commercial Activity
• Value Lost Due to Electrical Outages as a % of Sales of Affected Firms
• Urban Sprawl Aids Market Expansion
• World Urban Population in Millions: 2000-2050
• Growth in the Construction Industry to Drive the Market for Transfer Switches
• Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
• Projected Increase in Construction Investments Favors Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
• Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
• Healthy Construction Project Pipeline Value to Build Megacities Drives Importance of Transfer Switches: Global Value of Megacity Construction Projects (US$ Billion) in 2019
• Steady Momentum in World Mining Industry Favors Market Growth
• World Mining Industry by Material Category: A Snapshot
• Leading Mining Nations in the World (2018): Percentage Breakdown of Volume Production for Australia, China, Russia, USA, and Others
• Transfer Switches Seek to Solidify Role in Data Center Electrical Infrastructure
• Global Data Center IP Traffic in Zettabytes for the Years 2016, 2018, 2020, and 2022
• Data Center New Floor Space Capacity Additions (in '000 Sq. ft.) Worldwide for the Years 2013, 2015, 2017, and 2019
• A Review of Select New and Upcoming Mega Data Center Projects
• Transfer Switches Gain Relevance in Airport Electrical Infrastructure
• Robust Opportunities for Transfer Switch in Portable Generator Applications
• Disaster Response Sector Relies on Power Generators for Ensuring Power Supply during Outages
• Standby System Requirements Widen Use Case of Transfer Switches
• Transfer Switches in Oil & Gas Industry: Essential to Prevent Downtime
• Lack of Power Infrastructure in Developing Regions Drives the Demand for Transfer Switches
• Aging Infrastructure in Developed Economies Spur Demand
• Technology Innovations & Developments Continue to Widen Addressable Market

FOCUS ON SELECT PLAYERS (Total 50 Featured)

• ABB Ltd. (Switzerland)
• Briggs & Stratton Corporation (USA)
• Cummins, Inc. (USA)
• Eaton Corporation Inc. (USA)
• Generac Power Systems, Inc. (USA)
• GE Power (USA)
• Kohler Power Systems (USA)
• Regal Beloit Corporation (USA)
• Schneider Electric SE (France)
• ASCO Power Technologies (USA)
• Socomec, Inc. (USA)
• Vertiv Group Corporation (USA)

For more information about this report visit https://www.researchandmarkets.com/r/odu67r

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