세계의 전환 스위치 시장 : 유형별, 이행 모드별, 정격별, 최종 용도 분야별, 지역별(2024-2032년)

The global transfer switch market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032.

A transfer switch is an electromechanical device that is used to interchange load between two power sources either electronically or mechanically. It provides a rapid transition between multiple power sources to ensure uninterrupted power supply. Manual transfer switches require manual access to a generator or power source, which can be flipped to restore power. On the other hand, automatic transfer switches (ATS) do not require external inputs and can immediately flip to generator power in case of a power cut. These switches offer increased reliability and safety, are cost effective and less hazardous to operate. These switches find wide application in industrial and commercial settings such as factories, warehouses, hospitals and schools where continuous power supply is a necessity.

Transfer Switch Market Trends:

The growing need for stable sources of power supply, coupled with the rapid industrialization across the globe, is the key factor driving the growth of the market. Furthermore, frequent occurrence of unexpected burnouts, voltage fluctuations, power outages, blackouts and weather uncertainties are also contributing to the growing demand for transfer switches. The increasing dependence of industrial, commercial as well as residential sector on electric generators for uninterrupted power supply is also augmenting the demand of these devices across various regions. Additionally, favorable government policies pertaining to operational safety along with an increasing demand for Heating, Ventilation, and Air Conditioning (HVAC) networks is further stimulating the market growth. Other factors propelling the market growth include increased focus on research and development (R&D) activities to develop enhanced product variants.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global transfer switch market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on type, transition mode, rating and end-use sector.

Breakup by Type:

Automatic Transfer Switch

Contactor Based Transfer Switch

Circuit Based Transfer Switch

Static Transfer Switch

Manual Transfer Switch

Breakup by Transition Mode:

Soft Load Transition Mode

Closed Transition Mode

Delayed Transition Mode

Open Transition Mode

Breakup by Rating:

0-300A

301-1600A

1601A-4000A

Breakup by End-Use Sector:

Industrial

Commercial

Residential

Breakup by Region:

Asia Pacific

North America

Europe

Middle East and Africa

Latin America

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being ABB, General Electric, Cummins, Eaton Corporation, Emerson Electric, Siemens, SOCOMEC Group, Russelectric, Caterpillar, Schneider Electric, Generac Power Systems, Eltek, Camsco Electric Company, Marathon Thomson Power System, DynaGen Technologies, Mitsubishi Electric, etc.

Key Questions Answered in This Report

• 1. What was the size of the global transfer switch market in 2023?
• 2. What is the expected growth rate of the global transfer switch market during 2024-2032?
• 3. What are the key factors driving the global transfer switch market?
• 4. What has been the impact of COVID-19 on the global transfer switch market?
• 5. What is the breakup of the global transfer switch market based on the type?
• 6. What is the breakup of the global transfer switch market based on the transition mode?
• 7. What is the breakup of the global transfer switch market based on rating?
• 8. What is the breakup of the global transfer switch market based on the end-use sector?
• 9. What are the key regions in the global transfer switch market?
• 10. Who are the key players/companies in the global transfer switch market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Transfer Switch Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Type
• 5.5 Market Breakup by Transition Mode
• 5.6 Market Breakup by Rating
• 5.7 Market Breakup by End-Use Sector
• 5.8 Market Breakup by Region
• 5.9 Market Forecast

6 Market Breakup by Type

• 6.1 Automatic Transfer Switch
  • 6.1.1 Market Trends
  • 6.1.2 Major Types
    • 6.1.2.1 Contactor Based Transfer Switch
    • 6.1.2.2 Circuit Based Transfer Switch
    • 6.1.2.3 Static Transfer Switch
  • 6.1.3 Market Forecast
• 6.2 Manual Transfer Switch
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Transition Mode

• 7.1 Soft Load Transition Mode
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Closed Transition Mode
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Delayed Transition Mode
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Open Transition Mode
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast

8 Market Breakup by Rating

• 8.1 0-300A
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 301-1600A
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 1600A-4000A
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Market Breakup by End-Use Sector

• 9.1 Industrial
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Commercial
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Residential
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast

10 Market Breakup by Region

• 10.1 Asia Pacific
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 North America
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Middle East and Africa
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Latin America
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porter's Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 ABB
  • 15.3.2 General Electric
  • 15.3.3 Cummins
  • 15.3.4 Eaton Corporation
  • 15.3.5 Emerson Electric
  • 15.3.6 Siemens
  • 15.3.7 SOCOMEC Group
  • 15.3.8 Russelectric
  • 15.3.9 Caterpillar
  • 15.3.10 Schneider Electric
  • 15.3.11 Generac Power Systems
  • 15.3.12 Eltek
  • 15.3.13 Camsco Electric Company
  • 15.3.14 Marathon Thomson Power System
  • 15.3.15 DynaGen Technologies
  • 15.3.16 Mitsubishi Electric