Global Transfer Switches Strategic Industry Report 2024: Market to Reach $2.5 Billion by 2030 - Rising Investments on Smart Grids Accelerates Market Adoption
Tuesday, February 27, 2024
DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Transfer Switches - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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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SOURCE Research and Markets
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