What is Rack Transfer Switches Market?
The rack transfer switch is the world's first to offer both electromechanical relays as well as silicon controlled rectifiers (SCRs) so as to overcome the limitations of a traditional automatic transfer switch (ATS). It offers load transfer times comparable to those of a static transfer switch (STS), more energy-efficient, and at a far cheaper price. It is also the first in the world to offer power measurement at the inlet, outlet, and branch circuit levels and socket circuits for better remote control of the power supply. The rack transfer switch provides a current sample of 4,800 times per second for load transfers within 4 to 8 ms, oversized relays rated at 48A, and SCRs rated at 70A, although the transfer switches are intended for loads of 16A and 32A 3.3mm versus the 0.6mm spacing used in most transfer switch relays on the market to prevent arcing are two single throw relays instead of one double throw relay (a single point of failure) to support reliable phase-shifted transfers. Level measurement for inlet, outlet, and branch circuits as well as remote output switching.
The market study is being classified by Type (Genearal Rack Transfer Switch and Intelligent Rack Transfer Switch), by Application (Industrial, Commercial and Residential) and major geographies with country level break-up.
GE (United States), Eaton Corporation (Ireland), Schneider Electric (France), Raritan (United States), Delta Power Solutions (Taiwan), Siemens (Germany), ABB (Switzerland), Briggs & Stratton (United States), Vertiv Co. (United States), Generac Holdings (United States), Socomec (France) and Thomson Power Systems (Canada) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Rack Transfer Switches market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Rack Transfer Switches market by Type, Application and Region.
On the basis of geography, the market of Rack Transfer Switches has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for Steady & Uninterrupted Power Supply across the World
- Continuously Growing Sectors and Increasing Demand for Electricity
Market Trend
- Rapid Adoption of Smart Grid Technology
- Increasing Popularity of Microgrid Networks Worldwide
Restraints
- Lack of Awareness of the Application of Rack Transfer Switches in Emerging Economies
- Need Regular Maintenance
Opportunities
- The Growth in Urbanisation and Industrialisation in both Developing and Developed Countries
- Reimbursement of Power Grid & Transmission System
Challenges
- Requires Seismic Test & NFPA Approval
Market Leaders and some development strategies
On March 13, 2019 - Generac Holdings Inc., a global leader in the design and manufacture of a wide range of residential, commercial, and industrial power products, announced today the signing and closing of a purchase agreement to acquire Neurio Technology Inc. The combination of Neurio’s intelligent energy management technology with Generac’s products, distribution, and market creation capabilities will create tremendous opportunities in how energy is used and managed in a home.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, and Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Research Organizations and End-Use Industry