Transfer Switch Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Opportunities & Forecast to 2024
Category: #world  By Deepak Pardhi  Date: 2019-01-21
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Transfer Switch Market Trends Global Industry Analysis, Top Manufacturers, Share, Growth, Opportunities & Forecast to 2024

Market Study Report LLC offers 2017 report on Global Transfer Switch market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

Germany transfer switch market is set to reach over 150 '000 units of annual installations by 2024. Rapid industrialization coupled with volant expansion of off-grid networks across the nation will boost the product demand. Ongoing diversification of manufacturing units favored by new establishments will further foster the industry growth. In 2017, Germany announced state funding of over USD 120 billion to support German based suppliers and automakers.

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Transfer Switch market size will exceed USD 1.8 billion by 2024, as reported in the latest study report. Rising infrastructural spending subject to pervasive commercial and residential establishments across developing economies will stimulate the transfer switch market size. Refurbishment of conventional grid infrastructure along with rapid adoption of advanced monitoring and control units will further augment the industry outlook. In 2017, East spring Investments in Hong Kong, has signed a deal to invest USD 500 million across the emerging economies infrastructure debt, parallel to the International Finance Corporation (IFC).

Paradigm shift in context to energy conservation along with rising security of supply concerns will embellish the transfer switch market potential. Increasing focus towards energy efficiency favored by briskly expanding smart grid networks will further complement the business outlook. In 2017, Western European countries including Sweden, UK, France, Germany, and Italy have entered a smart grid agreement. The agreement lays investment targets worth USD 133.7 billion subject to the expansion of smart grid networks across the region.

The U.S. transfer switch market will witness strong growth owing to rising investments toward the upgradation of conventional grid infrastructure along with the integration of advance control and monitoring technologies. Expeditious advancements across the rail-road infrastructure propositions endorsed by the peninsula corridor electrification program will embellish the industry share. In 2017, Federal Transit Administration provisioned an investment worth USD 100 million towards the expansion of electrical infrastructure across the California's rail networks.

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Favorable government policies pertaining to rural electrification across the Asian and African sub-continent supported by rising investments from private and publicly held financial institutions will embellish the transfer switch market growth. The Asian Development Bank (ADB), and International Finance Corporation (IFC) across the years have continually funded rural electrification campaigns across the regions. Growing demand for electricity coupled with rapid expansion of isolated grid networks will further thrust the product penetration.

China transfer switch market will grow on account of ongoing reforms pertaining to establishment of a sustainable electrical network. Favorable government norms toward the replacement of fossil fuels with sustainable energy resources favored by renewable integration targets will positively drive the industry growth. In 2017, National Energy Administration of China proposed an investment worth USD 326 billion toward strengthening of renewable energy networks by 2020.

Eminent players across the transfer switch market include Vertiv, General Electric, Generac, Cummins, Kohler, DynaGen, Caterpillar, Eaton, Briggs & Stratton, Schneider Electric, Siemens, ABB, Russelectric, MBH Electric, Zhejiang Yuye Electric, and AEG.

Table of Contents:

Chapter 1.    Methodology and Scope

1.1.    Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Market definitions and forecast parameters

1.2. Data sources

1.2.1.   Primary

1.2.2.   Secondary

Chapter 2.    Executive Summary

2.1.    Transfer switch industry 3600 synopsis, 2013 – 2024

2.1.1.   Business trends

2.1.2.   Operation trends

2.1.3.   Switching mechanism trends

2.1.4.   Transition trends

2.1.5.   Ampere rating trends

2.1.6.   Installation trends

2.1.7.   Regional trends

Chapter 3.    Transfer Switch Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry ecosystem analysis

3.3.1.   Vendor matrix

3.4. Import/Export landscape

3.4.1.   Generators and alternators (2015)

3.5. Historic trend analysis

3.5.1.   Transfer switch

3.5.2.   Generator

3.5.3.   Uninterruptible power supply (UPS)

3.6. Comparative analysis

3.6.1.   Automatic and manual transfer switch

3.7. List of key potential customers

3.8. Innovation & sustainability

3.9. Regulatory landscape

3.9.1.   U.S.

3.9.2.   Europe

3.9.3.   China

3.10.   Industry impact forces

3.10.1. Growth drivers

3.10.1.1.    North America

3.10.1.1.1.   Increasing demand for refurbishment of electric grid networks

3.10.1.1.2.   Integration of advanced switching technologies

3.10.1.2.    Europe

3.10.1.2.1.   Growing security of supply concerns

3.10.1.2.2.   Rising investments towards industrial expansion

3.10.1.2.3.   Rapid expansion of micro-grid networks

3.10.1.3.    Asia Pacific

3.10.1.3.1.   Large-scale renewable integration reforms

3.10.1.3.2.   Increasing demand for electricity

3.10.1.4.    Middle East and Africa

3.10.1.4.1.   Increasing demand for off grid electricity

3.10.1.5.    Latin America

3.10.1.5.1.   Growing demand for a sustainable electrical network

3.10.2. Industry pitfalls & challenges

3.10.2.1.    Advancing auxiliary switching technologies

3.11.   Growth potential analysis

3.12.   Porter's analysis

3.13.   Competitive landscape, 2016

3.13.1. Strategy dashboard

3.13.2. Merger & acquisition analysis

3.14.   PESTEL analysis

Chapter 4.    Transfer Switch Market, By Operation

4.1. Global market share by operation, 2016 & 2024

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Read more at: https://www.marketwatch.com/press-release/At-59-CAGR-Global-Aero-engine-Market-to-Reach-USD-37700-Million-by-2023-2019-01-17

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About Author

Deepak Pardhi

Email: [email protected]   

Deepak Pardhi

Deepak Pardhi carries a brief yet notable experience in the digital marketing domain having worked on several projects across a range of niche verticals. Deepak is endorsed with a B.Tech degree in electrical & electronics engineering.

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