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

News provided by

Feb 19, 2024, 05:30 ET

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets