Static Transfer Switches (STS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Single Phase, Three Phase); Operating Voltage (Low Voltage, Medium Voltage, High Voltage); Application (Telecommunication, Automotive, Manufacturing, Information Technology, Others) and Geography
Report Code: TIPRE00018613 No. of Pages: 150 Category: Electronics and Semiconductor Status: Upcoming
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MARKET INTRODUCTION
Static transfer switch (STS) is a solid-state switch based on a silicon-controlled rectifier system. Static transfer switches (STS) are used for fast switching between electrical power sources. They conduct instantaneous switching operations and thus supply immediate power to the load. These switches are designed to transfer the supply from independent one-phase to three-phase AC power sources. In comparison to conventional automatic transfer switches (ATS) and manual transfer switches, static transfer switches provide 20 times faster load transfer, ensuring uninterrupted operation of even the most responsive electronic equipment. In addition, increasing implementation of static transfer switches across various industry verticals is expected to drive the market during forecast period.
MARKET DYNAMICS
The growing adoption of smart grid technology around the world and quick growth of the static transfer switch due to use of IOT devices in smart homes is driving the growth of the static transfer switches (STS) market. However, the less awareness in developing nations may restrain the growth of the static transfer switches (STS) market. Furthermore, more technological advancement in static transfer switches (STS) and growing application of static transfer switches (STS) across various industries is anticipated to create market opportunities for the static transfer switches (STS) market during the forecast period
MARKET SCOPE
The "Global Static Transfer Switches (STS) Market Analysis to 2028" is a specialized and in-depth study of the static transfer switches (STS) market with a special focus on the global market trend analysis. The report aims to provide an overview of static transfer switches (STS) market with detailed market segmentation by type, operating voltage, application, and geography. The global static transfer switches (STS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading static transfer switches (STS) market players and offers key trends and opportunities in the static transfer switches (STS) market
MARKET SEGMENTATION
The global static transfer switches (STS) market is segmented on the basis of type, operating voltage, and application. On the basis of type, the market is segmented as single phase and three phase. Further, based on operating voltage, market is segmented into low voltage, medium voltage, and high voltage. Similarly, on the basis of application, the market is segmented as telecommunication, automotive, manufacturing, information technology, and others.
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 static transfer switches (STS) market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The static transfer switches (STS) 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 static transfer switches (STS) 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 static transfer switches (STS) market in these regions.
The reports cover key developments in the static transfer switches (STS) 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 static transfer switches (STS) market are anticipated to lucrative growth opportunities in the future with the rising demand for static transfer switches (STS). Below mentioned is the list of few companies engaged in the static transfer switches (STS) market.
The report also includes the profiles of key static transfer switches (STS) 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.
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.
Static transfer switch (STS) is a solid-state switch based on a silicon-controlled rectifier system. Static transfer switches (STS) are used for fast switching between electrical power sources. They conduct instantaneous switching operations and thus supply immediate power to the load. These switches are designed to transfer the supply from independent one-phase to three-phase AC power sources. In comparison to conventional automatic transfer switches (ATS) and manual transfer switches, static transfer switches provide 20 times faster load transfer, ensuring uninterrupted operation of even the most responsive electronic equipment. In addition, increasing implementation of static transfer switches across various industry verticals is expected to drive the market during forecast period.
MARKET DYNAMICS
The growing adoption of smart grid technology around the world and quick growth of the static transfer switch due to use of IOT devices in smart homes is driving the growth of the static transfer switches (STS) market. However, the less awareness in developing nations may restrain the growth of the static transfer switches (STS) market. Furthermore, more technological advancement in static transfer switches (STS) and growing application of static transfer switches (STS) across various industries is anticipated to create market opportunities for the static transfer switches (STS) market during the forecast period
MARKET SCOPE
The "Global Static Transfer Switches (STS) Market Analysis to 2028" is a specialized and in-depth study of the static transfer switches (STS) market with a special focus on the global market trend analysis. The report aims to provide an overview of static transfer switches (STS) market with detailed market segmentation by type, operating voltage, application, and geography. The global static transfer switches (STS) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading static transfer switches (STS) market players and offers key trends and opportunities in the static transfer switches (STS) market
MARKET SEGMENTATION
The global static transfer switches (STS) market is segmented on the basis of type, operating voltage, and application. On the basis of type, the market is segmented as single phase and three phase. Further, based on operating voltage, market is segmented into low voltage, medium voltage, and high voltage. Similarly, on the basis of application, the market is segmented as telecommunication, automotive, manufacturing, information technology, and others.
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 static transfer switches (STS) market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The static transfer switches (STS) 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 static transfer switches (STS) 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 static transfer switches (STS) market in these regions.
The reports cover key developments in the static transfer switches (STS) 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 static transfer switches (STS) market are anticipated to lucrative growth opportunities in the future with the rising demand for static transfer switches (STS). Below mentioned is the list of few companies engaged in the static transfer switches (STS) market.
The report also includes the profiles of key static transfer switches (STS) 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
- AEG Power Solutions
- Delta Power Solutions
- Eaton
- Inform Elektronik
- Mitsubishi Electric
- Piller Group
- Schneider Electric
- Socomec
- 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.