About Automatic Transfer Switches
When utility power is lost, the automatic transfer switch (ATS) commands the generator to startup. When the generator is ready, it adjusts the emergency power. An automatic transfer switch is a device that senses a failure or outage in the primary source and automatically transfers a power supply from its prime source to a backup source. When a failure occurs in a primary power system, the ATS invokes a standby power source, such as an uninterruptable power supply. An ATS can also start up more long-term backup power systems, such as local diesel generators, to run electric equipment until utility power is restored.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market of Automatic Transfer Switches is expected to grow with rising demand for steady power supply. Several companies are operating in the market to provide advanced solutions. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Automatic Transfer Switches market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eaton Corporation (Ireland), Generac Power Systems, Inc. (United States), ASCO Power Technologies (United States), ABB (Switzerland), GE (United States), Taylor Power Systems Inc. (United States), KOHLER (United States), Briggs and Stratton (United States), Vertiv (United States), Socomec (United States), Emerson Electric Co. (United States), Eltek Power Systems (South Korea), Caterpillar Inc. (United States) and Regal Beloit (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Russelectric (United States) and Camsco Electric Co. (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Automatic Transfer Switches market by Type (Single Generator Configurations and Multiple Generator Configurations), Application (Industrial, Commercial and Residential) and Region.
On the basis of geography, the market of Automatic 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). If we see Market by Transition Mode, the sub-segment i.e. Open Transition will boost the Automatic Transfer Switches market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rapid Adoption of Smart Grid Technology and Increasing Popularity of Microgrid Networks Worldwide
Market Growth Drivers:
Increasing Demand for Steady & Uninterrupted Power Supply across the World and Continuously Growing Real Estates Sector and Increasing Demand of Electricity
Challenges:
Requires Seismic Test & NFPA Approval
Restraints:
Lack of Awareness of the Application of Transfer Switch in Emerging Economies and Need Regular Maintenance
Opportunities:
The Growth in Urbanisation and Industrialisation in both Developing and Developed Countries and Reimbursement of Old Power Grid & Transmission System
Market Leaders and their expansionary development strategies
In March 2019, Generac Holdings In, 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.
In April 2021, Socomec, a global specialist in low voltage (LV) industrial power switching market launched New Automatic Transfer Switch Equipment (ATSE) ATyS A and ATyS C for the Indian market. The new range is available from 125A to 3200A and fully compliance with IEC standards that guarantees the reliability function of the switch.
Key Target Audience
Manufacturers of Automatic Transfer Switch, Suppliers of Automatic Transfer Switch, Wholesalers, Distributors and Retailers of Automatic Transfer Switch, Automotive Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.