USD 248.77 Million Automatic Transfer Switch Market Size Variance with 37% Contribution from APAC

NEW YORK, August 22, 2022 /PRNewswire/ — The latest market analysis report titled Automatic transfer switch market by End User and Geography – Forecast and Analysis 2022-2026 has recently been added to Technavio’s catalog. The report predicts the market to witness an accelerated growth momentum at a CAGR of 6.75% during the forecast period. Analysts at Technavio have categorized the global automatic transfer switch market as part of global industrial machinery market. Our report provides extensive information on the value chain analysis for the Automatic Transfer Switches market, which vendors can use to gain a competitive advantage over the forecast period. The data available in our value chain analysis segment can help vendors increase costs and improve customer services during the forecast period.

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Automatic Transfer Switches Market report provides a comprehensive analysis of the strategies adopted by the vendors and the trends, drivers and challenges impacting the market size. This study identifies the growing popularity of microgrid networks, the rise of renewable energy in the global energy mix, and the growing use of integrated systems as some of the key reasons driving the growth of the automatic transfer switch market over the coming years. Commercial and residential units in rural areas have also increased, thus putting additional pressure on the society. Therefore, to meet all energy needs in remote locations, in many countries, the government provides incentives to promote renewable energy production and microgrids. This, in turn, will drive the growth of the automatic transfer switches market during the forecast period.

However, the impact of regulatory standards on ATS design is one of the factors hindering the growth of the automatic transfer switch market. The automatic transfer switch market is regulated by various international and regional electrical commissions and all ATS products entering the market are subject to strict regulations. Although manufacturers are trying to provide technical and design assistance, specifying time-based WCR before fault current rating will not only increase the size of the automatic transfer switch, but also result in a more expensive product than ‘must. This factor will hinder the growth of the automatic transfer switches market during the forecast period.

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Technavio analyzes the market by End User (Industrial, Commercial and Residential) and Geography (APAC, North America, Europe, South AmericaAND Middle East AND Africa).

• Highlights of the revenue generating segment: The growth of automatic transfer transfer market share by industrial segment will be significant during the forecast period. The industrial segment includes processing and discrete industries. Most of the revenue in the industrial segment is from process industries such as utilities, oil and gas, and pharmaceuticals. On the other hand, discrete industries such as automotive and healthcare saw an increase in the adoption of automatic transfer switches due to the need for an uninterrupted power supply. Such increasing adoption of automatic transfer switches in the industrial segment will drive the market growth.

• Regional Opportunities: 37% of the market growth will come from APAC during the forecast period. China, JapanAND India are the key markets for the automatic transfer switch market in APAC. Market growth in this region will be slower than market growth in South America. Rapid urbanization and increasing number of commercial establishments will facilitate the growth of the automatic transfer switches market in APAC during the forecast period.

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The automatic transfer switches market covers the following areas:

This report presents a detailed view of the market by studying, synthesizing and summarizing data from multiple sources through an analysis of key parameters.

Automatic Transfer Switches Market Size
Automatic Transfer Switches Market Forecast
Automatic Transfer Switches Market Analysis

The companies mentioned

• ABB Ltd.

• The alphanumeric group

• Briggs and Stratton LLC

• Camsco

• Caterpillar Inc.

• Cummins Inc.

• Eaton Corp. Plc

• Generac Power Systems Inc.

• Gulf Electrical Distribution Apparatus Co. Ltd.

• Kohler Co.

• Kusum Engineering Works

• Maxge Electrical Technology Co Ltd

• Regal Rexnord Corp.

• Schneider Electric SE

• Siemens AG

• SM controls

• SOCOMEC group

• DELTA GROUP

• Vertiv Holdings Co.

• Winfull Technology Co. Ltd.

• Access extensive vendor profiles and their strategic initiatives in this Sample PDF

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Main topics covered:

1 Executive summary

2 Market landscape

3 Market size

4 Five Forces Analysis

5 Market segmentation by end user

6 Customer landscape

7 Geographical landscape

8 Drivers, Challenges and Trends

9 Vendor landscape

10 Seller Analysis

11 Appendix

around us

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