The Transfer Switch Global Market Report 2023, provides comprehensive information on the transfer switch market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/transfer-switch-global-market-report
The global transfer switch market size is expected to grow from $1.56 billion in 2022 to $1.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global transfer switch market size is expected to reach $2.25 billion in 2027 at a CAGR of 7.4%.
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Product Innovation has emerged as a key trend gaining popularity in the transfer switch market. Major companies operating in the transfer switch market are developing new innovative switches to sustain their position in the market. For instance, in February 2022, Schneider Electric, France-based energy management, and automation company launched TransferPacT, a new generation of modular intelligent automatic transfer switches. The TransferPacT is a PC class ATSE rated for 220V-440V and available in 32A-160A, 2,3,4 poles. It has enhanced uptime with innovative technology that guarantees transfer rates of under 500 ms. ATSE data is collected and analyzed in real-time by EcoStruxureTM IoT-enabled solutions, giving operators proactive maintenance analysis rather than preventive maintenance.
The transfer switch market is segmented:
1) By Type: Automatic Transfer Switch, Manual Transfer Switch
2) By Transition Mode: Soft Load, Closed, Delayed, Open
3) By End Use: Industrial, Commercial, Residential
Asia-Pacific was the largest region in the transfer switch market in 2022.
The table of contents in TBRC’s transfer switch market report includes:
1. Executive Summary
2. Transfer Switch Market Characteristics
3. Transfer Switch Market Trends And Strategies
4. Transfer Switch Market – Macro Economic Scenario
5. Transfer Switch Market Size And Growth
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26. Africa Transfer Switch Market
27. Transfer Switch Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transfer Switch Market
29. Transfer Switch Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- ABB Ltd
- Siemens AG
- Schneider Electric SE
- General Electric Corporation
- Cummins Inc
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