The research report on the Global Automatic Transfer Switches Consumption Market delivers extensive analysis of market trends and shares. The report analyzes the current market size, recent market trends, key segments and future prospects of the global Automatic Transfer Switches Consumption market (2018-2025). The market shares of segments (players, type, application and regions) are prepared to give an opportunistic roadmap to the readers of the Automatic Transfer Switches Consumption Global market. The report also comprises the study of drivers, restraints, and trends that influence the current scenario of the Automatic Transfer Switches Consumption Global market and its impact on the global market over the forecast period 2018 – 2025.
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The report offers information and data analysis on market segments such as Automatic Transfer Switches Consumption product type, end-user, and region. In addition to this detailed qualitative analysis of market growing elements and threats, investment opportunities in Automatic Transfer Switches Consumption industry and challenges for newcomers are covered in the overview section. The Automatic Transfer Switches Consumption is one such crucial constituent that continues to gain demand from all corners of the globe. The global Automatic Transfer Switches Consumption report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
Automatic Transfer Switches Consumption Market Report Introduction:
An automatic transfer switch (ATS) is a device that automatically transfers a power supply from its primary source to a backup source when it senses a failure or outage in the primary source. When a failure occurs in a primary power system, the ATS invokes a standby power source, such as an uninterruptable power supply. An ATS can also start up more long-term backup power systems, such as local diesel generators, to run electric equipment until utility power is restored.
Transfer switch is an electromechanical device which facilitates switching between two or more power sources mainly backup generators. It assures convenient and hassle free switching and continuous power supply in industrial, commercial and residential operations. The market drivers of the transfer switch market are entirely influenced by power distribution & transmission industry. Growth in the related as well as complementary markets, of generators and alternate energy sources, also contribute towards the growth of transfer switch market.
Sudden brownouts and voltage fluctuation, outages, blackouts, and uncertain weather conditions have led to the increase in demand for transfer switch in the market. The growing dependence on power and critical application in industries, commercial institutions, healthcare, transportation, and households is the driving factor for transfer switch market.
The Asia-Pacific transfer switch market held the largest market share in 2016. The market in China accounts the Second share in this region. Rapid industrialization is driving the market growth in this country. Also, some of the world’s largest transfer switch manufacturers are present in China.
The need for the installation of transfer switch is more seen in the industrial sector as most of the industrial end users rely on continuous power. The sector comprises mainly power rental companies, utilities, telecom & IT (datacenters) and construction & manufacturing, mining industries, oil & gas, automotive, & pharmaceuticals industries. In terms of value, the industrial segment accounted for the largest share in the global transfer switch market, followed by commercial and residential.
Over the next five years, LPI(LP Information) projects that Automatic Transfer Switches will register a 6.6% CAGR in terms of revenue, reach US$ 1450 million by 2023, from US$ 990 million in 2017.
Automatic Transfer Switches Consumption Market Covered Segments:
The report segments the worldwide Automatic Transfer Switches Consumption market based on the type of product, end users, and regions. It describes the performance of the individual segment in Performance Management Software market growth. Automatic Transfer Switches Consumption market research is conducted leveraging the data sourced from the primary and secondary research team of industry professionals as well as the in-house databases.
|By Product Types
||By Application/ End-user
|Open transition, Closed transition, Static transfer switch (STS), Others, Segmentation by application:, Industrial, Commercial, Residential
||Industrial, Commercial, Residential
||GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems
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- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
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- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Automatic Transfer Switches Consumption solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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Another notable feature of the Performance Management Software report offers the detailed company profiles of some of the prominent market players, which will remain active in forthcoming years, along with Performance Management Software product launches, key developments, financials details, product sale and gross margin, Performance Management Software business short-term and long-term marketing strategies and SWOT analysis of the companies. It has been observed that many of the market players are focused on product innovations and want to expand their geographical footprint in upcoming years. Although technological developments have given the boost to the Performance Management Software business which is prompting new openings and welcomes new players in form of start-ups.
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