A transfer switch is an electrical hardware that switches stack between two power sources, for example, utility power and generator power. Transfer switches are accessible in the manual or automatic forms. Transfer switches give fast progress between at least two power sources which helps in continuous power supply if any of the power sources goes off.
The Transfer Switch Market is expected to exceed more than US$ 1897.9 million by 2024 at a CAGR of 6.5%.
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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include ABB, General Electric, Camsco, Socomec, Cummins, Schneider Elect, Eaton, Siemens, Eltek, Generac, Russelectric, Caterpillar, Kohler, Marathon Thomson Power System and Emerson. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Transfer Switch Market is segmented on the lines of its technology, component, vehicle type and regional. Based on Product segmentation it includes automatic and manual. On the basis of application it covers industrial, commercial and residential. The Transfer Switch Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, and Rest of World. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
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The major driving factors of Transfer Switch Market are as follows:
- Globally adoption and acceptance of smart grid technology
- Demand for steady and uninterrupted power is growing globally
- Demand-Supply gap in utility power
The major restraining factors of Transfer Switch Market are as follows:
- Regular maintenance is required
- Developing economies are lacking in awareness of the application of transfer switch
The major opportunities of Transfer Switch Market are as follows:
- Growing industrialization and urbanization globally
- Transmission system and old power grid
The Transfer Switch Market has been segmented as below:
The Transfer Switch Market is segmented on the lines of Product, Application and Region.
By Product this market is segmented on the basis of Automatic and Manual. By Application this market is segmented on the basis of Industrial, Commercial and Residential. By Region this market is segmented on the basis of North America, Europe, Asia Pacific and Rest of World.
This report provides:
1) An overview of the global market for Transfer Switch Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Air Suspension System Market
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of Transfer Switch Market with the reasons given for variations in the growth of the industry in certain regions.
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Table of Contents:
- Research Methodology
- Report Summary
- Market Overview
4.4 Industry Trends
4.5 Porter’s Five Forces Analysis
- Transfer Switch Market Analysis, By Product
- Transfer Switch Market Analysis, By Application
- Transfer Switch Market Analysis, By Region
- Competitive Overview
- Company Profiles
9.2 General Electric
9.6 Schneider Elect
9.15 Marathon Thomson Power System
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