Static Transfer Switches (STS) Market Key Vendors, Trends and Forecast by 2031

MARKET OVERVIEW

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 SCOPE

The "Global Static Transfer Switches (STS) Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the Static Transfer Switches (STS) market with detailed market segmentation by type, operating voltage, application, ampere rating, and geography. 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 market.

MARKET SEGMENTATION

•   Based on type, the global static transfer switches (STS) market is segmented into single phase and three phase.
  
•   On the basis of operating voltage, the market is segmented into low voltage, medium voltage, and high voltage.
  
•   Based on application, the market is segmented into IT and telecommunication, automotive, manufacturing, power generation, and others.
  
•   Based on ampere rating, the market is segmented into below 500A, 501-1000A, 1001-2000A, and above 2001A.
  

MARKET DYNAMICS

Drivers:

•   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.
  
•   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.
  

Restraints:

•   The less awareness in developing nations may restrain the growth of the static transfer switches (STS) market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the 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 the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting 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 affecting the Static Transfer Switches (STS) market in these regions.

IMPACT OF COVID-19 ON STATIC TRANSFER SWITCHES (STS) MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers 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 the 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 in the global market.

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

•   ABB Ltd.
  
•   AEG Power Solutions
  
•   Aunilec
  
•   Delta Power Solutions
  
•   Eaton Corporation plc
  
•   Inform Elektronik
  
•   Mitsubishi Electric Corporation
  
•   Piller Group
  
•   Schneider Electric SE
  
•   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.

Static Transfer Switches (STS) Report Scope