Automatic Transfer Switches Market Overview, Growth, and Trends (2021-2031)

MARKET INTRODUCTION

Automatic transfer switch (ATS) is a device that automatically transmits a power supply from its primary source to a backup source when it detects a fault or failure in the primary source. When a malfunction occurs in a primary power grid, the ATS invokes a standby power source, such as an uninterrupted power supply. ATS may also set up more long-term backup power facilities, such as local diesel generators, to operate electrical equipment before power is restored. Automatic transfer switches are the most widely used transfer switches. Growing industrialization and urbanization around the world is expected to drive market growth during forecast period.

MARKET DYNAMICS

Sudden brownouts and voltage fluctuation, interruptions, blackouts and unpredictable weather conditions around the world is driving the growth of the automatic transfer switches market. However, lack of awareness in developing economies and need for regular maintenance may restrain the growth of the automatic transfer switches market. Furthermore, rising demand for uninterrupted electricity and the adoption of smart grid technology around the globe is anticipated to create market opportunities for the automatic transfer switches market during the forecast period.

MARKET SCOPE

The "Global Automatic Transfer Switches Market Analysis to 2031" is a specialized and in-depth study of the automatic transfer switches market with a special focus on the global market trend analysis. The report aims to provide an overview of automatic transfer switches market with detailed market segmentation by type, application, and geography. The global automatic transfer switches market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automatic transfer switches market players and offers key trends and opportunities in the automatic transfer switches market.

MARKET SEGMENTATION

The global automatic transfer switches market is segmented on the basis of type and application. On the basis of type, the market is segmented as open transition, closed transition, static transfer, and others. Similarly, on the basis of application, the market is segmented as industrial, commercial, and residential.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automatic transfer switches market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automatic transfer switches market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting automatic transfer switches market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automatic transfer switches market in these regions.

MARKET PLAYERS

The reports cover key developments in the automatic transfer switches market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automatic transfer switches market are anticipated to lucrative growth opportunities in the future with the rising demand for automatic transfer switches. Below mentioned is the list of few companies engaged in the automatic transfer switches market.

The report also includes the profiles of key automatic transfer switches market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   ABB
  
•   Briggs and Stratton, LLC.
  
•   Cummins Inc.
  
•   Eaton
  
•   Generac Power Systems, Inc.
  
•   General Electric Company
  
•   Kohler Co.
  
•   Socomec
  
•   Thompson Power Systems
  
•   Vertiv Group Corp
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automatic Transfer Switches Report Scope