Market Overview:
The global automatic transfer switchgear market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for uninterrupted power supply and rising investments in renewable energy sources. In terms of type, the high voltage segment is expected to hold the largest share of the market during the forecast period. This can be attributed to increased demand for high-voltage automatic transfer switchgear from industrial and commercial sectors.
Product Definition:
The definition of Automatic Transfer Switchgear is a device that monitors the power supply to a facility and will automatically switch over to a backup power source if the primary source fails. Automatic transfer switchgear is important because it ensures that critical systems will continue to operate in the event of a power outage.
High Voltage:
High voltage (HV) is the general term used for electric voltages greater than or equal to 1000 volts. The terms high voltage and extra high voltage are often used interchangeably, however, they have different meanings. High Voltage (HV) is generally employed in transmission and distribution systems that operate at low frequencies; extra high voltage (EHV) on the other hand refers to voltages in excess of 33000 volts.
Medium Voltage:
The medium voltage (MV) automatic transfer switchgear market is expected to witness significant growth over the forecast period. The MVAS are a group of electric equipment designed to protect the transmission system in case of fault or accident. It consists of various devices such as circuit breakers, fuses, switches and others which help in protecting the main electric circuits from damage caused by short circuits, overloads and other accidents.
Application Insights:
The industrial application segment accounted for the largest share of over 50.0% in 2017 and is projected to witness significant growth over the forecast period. The growing manufacturing sector, particularly in emerging economies such as China, India, and Brazil is expected to drive demand for AT switchesgear from 2018 to 2030. In addition, increasing adoption of electric motors coupled with technological advancements are anticipated to augment industry growth during the study period.
The commercial application segment was valued at USD 1,227.1 million in 2017 owing to rising construction activities across major cities worldwide including New York City; Chicago; Paris; London; Madrid; Milan etcetera which require large number of power distribution boards (PDB).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional ATSW market over the forecast period. The growth can be attributed to increasing industrialization and rising demand for electricity in emerging economies, such as China and India. In addition, growing commercial construction activities in these countries are also likely to drive product demand over the next eight years.
Europe Automatic Transfer Switchgear Market Analysis By Country (Germany, U.K.
Growth Factors:
- Increasing demand for uninterrupted power supply: The need for uninterrupted power supply has been increasing with the growth of industrial and commercial sectors. This is driving the demand for automatic transfer switchgear, which helps in seamlessly transferring the load from one source to another in case of a failure.
- Growing investments in renewable energy sources: Renewable energy sources such as solar and wind are becoming more popular due to their environmental benefits and falling costs. This is resulting in increased investments in these sources, which is driving the demand for automatic transfer switchgear that can handle large amounts of renewable energy.
- Stringent regulations on grid reliability: Governments around the world are increasingly implementing stringent regulations on grid reliability to ensure that critical loads always have access to electricity. Automatic transfer switchgear helps organizations meet these regulations by providing reliable backup power during outages.
- Rapid expansion of data centers: Data centers are growing rapidly due to rising demands for cloud-based services and big data analytics solutions. This is leading to an increase in the number of servers installed within data centers, which places greater stress on electrical systems and increases the need for reliable backup power solutions like automatic transfer switchgear . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Automatic Transfer Switchgear Market Research Report
By Type
High Voltage, Medium Voltage, Low Voltage
By Application
Industrial, Commercial, Residential
By Companies
GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems, GE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Automatic Transfer Switchgear Market Report Segments:
The global Automatic Transfer Switchgear market is segmented on the basis of:
Types
High Voltage, Medium Voltage, Low Voltage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Eaton
- Cummins
- KOHLER
- ABB
- Briggs & Stratton
- Vertiv
- GENERAC
- Socomec
- Thomson Power Systems
- GE
Highlights of The Automatic Transfer Switchgear Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Voltage
- Medium Voltage
- Low Voltage
- By Application:
- Industrial
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automatic Transfer Switchgear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automatic Transfer Switchgear is a type of switchgear that automatically transfers power from one source to another when the load on either source exceeds its capacity.
Some of the key players operating in the automatic transfer switchgear market are GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems, GE.
The automatic transfer switchgear market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automatic Transfer Switchgear Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automatic Transfer Switchgear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automatic Transfer Switchgear Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automatic Transfer Switchgear Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automatic Transfer Switchgear Market Size & Forecast, 2018-2028
4.5.1 Automatic Transfer Switchgear Market Size and Y-o-Y Growth
4.5.2 Automatic Transfer Switchgear Market Absolute $ Opportunity
Chapter 5 Global Automatic Transfer Switchgear Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automatic Transfer Switchgear Market Size Forecast by Type
5.2.1 High Voltage
5.2.2 Medium Voltage
5.2.3 Low Voltage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automatic Transfer Switchgear Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automatic Transfer Switchgear Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automatic Transfer Switchgear Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automatic Transfer Switchgear Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automatic Transfer Switchgear Analysis and Forecast
9.1 Introduction
9.2 North America Automatic Transfer Switchgear Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automatic Transfer Switchgear Market Size Forecast by Type
9.6.1 High Voltage
9.6.2 Medium Voltage
9.6.3 Low Voltage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automatic Transfer Switchgear Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automatic Transfer Switchgear Analysis and Forecast
10.1 Introduction
10.2 Europe Automatic Transfer Switchgear Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automatic Transfer Switchgear Market Size Forecast by Type
10.6.1 High Voltage
10.6.2 Medium Voltage
10.6.3 Low Voltage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automatic Transfer Switchgear Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automatic Transfer Switchgear Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automatic Transfer Switchgear Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automatic Transfer Switchgear Market Size Forecast by Type
11.6.1 High Voltage
11.6.2 Medium Voltage
11.6.3 Low Voltage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automatic Transfer Switchgear Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automatic Transfer Switchgear Analysis and Forecast
12.1 Introduction
12.2 Latin America Automatic Transfer Switchgear Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automatic Transfer Switchgear Market Size Forecast by Type
12.6.1 High Voltage
12.6.2 Medium Voltage
12.6.3 Low Voltage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automatic Transfer Switchgear Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automatic Transfer Switchgear Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automatic Transfer Switchgear Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automatic Transfer Switchgear Market Size Forecast by Type
13.6.1 High Voltage
13.6.2 Medium Voltage
13.6.3 Low Voltage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automatic Transfer Switchgear Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automatic Transfer Switchgear Market: Competitive Dashboard
14.2 Global Automatic Transfer Switchgear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Eaton
14.3.3 Cummins
14.3.4 KOHLER
14.3.5 ABB
14.3.6 Briggs & Stratton
14.3.7 Vertiv
14.3.8 GENERAC
14.3.9 Socomec
14.3.10 Thomson Power Systems
14.3.11 GE
