Global Transfer Switch Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2024

Global Transfer Switch Market report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Increasing investment towards the deployment of large-scale renewable energy technologies are some of factors influencing demand for smart grid infrastructure. In 2016, European Union revised 2009/28/EC directive which aims to meet 27% of final energy consumption from renewable resources by 2030.
Increasing investment towards upgradation and expansion of grid infrastructure along with growing implementation of advance monitoring and control units will stimulate the U.S. transfer switch market share.
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Rapid advancements across railroad infrastructure backed by the peninsula corridor electrification program will augment the industry. In 2017, Federal Transit Administration announced to invest USD 100 million for the development of infrastructure across the rail network of California.
Global Transfer Switch Market is predicted to surpass USD 1 billion by 2024. Growing investment towards infrastructure sector owing to pervasive residential and commercial establishments across developing countries will drive the industry growth. Modernization of existing grid infrastructure along with integration of advanced monitoring and control technologies will further complement the business growth.
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Introduction of several government norms to encourage adoption of renewable energy technologies will augment the China transfer switch market share. In 2017, China National Energy Administration announced to invest USD 326 billion for development of renewable energy networks by 2020.
The >1600 ampere accounted for over 15% of global transfer switch market in 2016. Ongoing investments toward expansion of high-tension transmission and distribution networks along with rapid industrialization across developing countries will boost the product penetration. Stringent government regulation towards operational safety standards along with heavy reliance on HVAC industrial networks will further complement the industry landscape.
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Major participants catering the transfer switch market are Generac, DynaGen, Briggs & Stratton, ABB, Zhejiang Yuye Electric, General Electric, Kohler, Eaton, Russelectric, AEG, Vertiv, Cummins, Caterpillar, Schneider Electric, Siemens and MBH Electric.
Partial Table of Contents (ToC) of the report:
Chapter 4. Transfer Switch Market, By Operation
4.1. Global market share by operation, 2016 & 2024
4.2. Manual
4.2.1. Manual market, 2013 - 2024
4.2.2. Manual market by region, 2013 - 2024
4.3. Non-Automatic
4.3.1. Non-Automatic market, 2013 - 2024
4.3.2. Non-Automatic market by region, 2013 - 2024
4.4. Automatic
4.4.1. Automatic market, 2013 - 2024
4.4.2. Automatic market by region, 2013 - 2024
4.5. By-pass isolation
4.5.1. By-pass isolation market, 2013 - 2024
4.5.2. By-pass isolation market by region, 2013 - 2024
Chapter 5. Transfer Switch Market, By Switching Mechanism
5.1. Global market share by switching mechanism, 2016 & 2024
5.2. Contactor
5.2.1. Contactor market, 2013 - 2024
5.2.2. Contactor market by region, 2013 - 2024
5.3. Circuit breaker
5.3.1. Circuit breaker market, 2013 - 2024
5.3.2. Circuit breaker market by region, 2013 - 2024
5.3.3. Molded case Market estimates, 2013 - 2024 Molded case market, 2013 - 2024 Molded case market by region, 2013 - 2024
5.3.4. Power case Market estimates, 2013 - 2024 Power case market, 2013 - 2024 Power case market by region, 2013 - 2024
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