Automatic Transfer Switches Market Size to Grow by USD 248.77 million

News provided by

13 Jun, 2022, 08:20 ET

Share this article

NEW YORK, June 13, 2022 /PRNewswire/ -- An automatic transfer switch shifts the electrical load between two power sources without the need for manual intervention. It is used in industrial, commercial, and residential premises to switch from utility power lines to backup power generators when the utility line experiences an outage.

The automatic transfer switches market size is expected to grow by USD 248.77 mn from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 6.75% during the forecast period, according to Technavio.

Request a Sample Report for more highlights related to the market

The automatic transfer switches market report covers the following areas:

The automatic transfer switches market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. ABB Ltd., alfanar Group, Briggs and Stratton LLC, Camsco, Caterpillar Inc., Cummins Inc., Eaton Corp. Plc, Generac Power Systems Inc., Gulf Electrical Distribution Apparatuses Co. Ltd., Kohler Co., Kusum Engineering Works, Maxge Electrical Technology Co Ltd, Regal Rexnord Corp., Schneider Electric SE, Siemens AG, SM Controls, SOCOMEC Group, THE DELTA GROUP, Vertiv Holdings Co., and Winfull Technology Co. Ltd. are some of the major market participants. The key offerings of some of these vendors are listed below:

Subscribe to our "Basic Plan" billed annually at USD 5000. Get lifetime access to our Technavio Insights

Learn more about the contribution of each segment of the market. Download a Report Sample

The industrial segment will have significant market share growth during the forecast period. The industrial segment includes process and discrete industries. Most of the revenue in this segment is from process industries such as utilities, oil and gas, and pharmaceutical. In addition, the adoption of automatic transfer switches has increased in discrete industries such as automotive and healthcare owing to the need for an uninterrupted power supply. Thus, the increasing adoption of automatic transfer switches in the industrial segment will drive market growth.

Related Reports:

Commercial HVAC Market by Application and Geography - Forecast and Analysis 2022-2026

High-temperature Filters Market by Product and Geography - Forecast and Analysis 2022-2026

Automatic Transfer Switches Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.75%

Market growth 2022-2026

USD 248.77 million

Market structure

Fragmented

YoY growth (%)

5.9

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Japan, India, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., alfanar Group, Briggs and Stratton LLC, Camsco, Caterpillar Inc., Cummins Inc., Eaton Corp. Plc, Generac Power Systems Inc., Gulf Electrical Distribution Apparatuses Co. Ltd., Kohler Co., Kusum Engineering Works, Maxge Electrical Technology Co Ltd, Regal Rexnord Corp., Schneider Electric SE, Siemens AG, SM Controls, SOCOMEC Group, THE DELTA GROUP, Vertiv Holdings Co., and Winfull Technology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/

SOURCE Technavio