Market Overview:
The global breaker-based transfer switches 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 breaker-based transfer switches in industrial, commercial, and residential applications. Breaker-based wallmount transfer switches are expected to dominate the market during the forecast period owing to their low installation cost and easy operation. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rising demand for breaker-based transfer switches from industrial and commercial applications.
Product Definition:
A breaker-based transfer switch is a device that allows you to automatically switch between two power sources, such as utility power and a generator. It does this by monitoring the voltage and frequency of each source and then switching to the other source when it detects a problem with one of them. This type of transfer switch is important because it can help protect your equipment from damage caused by an unexpected power outage.
Breaker-Based Wallmount Transfer Switches:
Breaker-Based Wallmount Transfer Switches are a type of electrical equipment used to alter the power supply in case of an emergency. It is mainly used in buildings for protection & control purposes. The product finds its major application in commercial and residential sectors, wherein it helps cut the electric supply to protect from overloads, trips or circuits that may lead to dangerous situations.
Breaker-Based Bypass Isolation Transfer Switches:
Breaker-based bypass isolation transfer switches are used to isolate the fault current in a circuit. The main function of these devices is to protect the operation of downstream devices and equipment from faults that may occur in upstream components. These isolation switches are widely used across various industries such as oil & gas, power generation, manufacturing, aerospace & defense and telecommunication among others for protecting their electrical equipment from any fault occurrence that may lead to loss of life or asset.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 50% in 2017. The growing demand for energy efficient and compact breakers is expected to drive the breaker-based transfer switches market over the forecast period. Breaker-based wallmount transfer switches are widely used in industrial applications as they offer high reliability, ease of installation, and cost-effectiveness.
Bypass isolation transfer switch is primarily used to isolate electrical power when one or more utility services are out due to a primary failure or electrical storm. These devices prevent electric shock by automatically transferring all the load from an operating source through a live line bus bar into a back up source until service is restored after repair or replacement of equipment has been completed.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its lead over the forecast period owing to growing industrialization and technological advancements. Europe also held a significant share of breaker-based transfer switches market due to high demand from commercial application segments, such as hotels and hospitals. Asia Pacific is projected to be the fastest-growing regional segment over the forecast period owing to rising infrastructure development activities in countries, such as China and India. In addition, increasing number of manufacturing facilities in these regions will drive industry growth further.
The Asia Pacific was followed by Latin America with a revenue share of more than 20% in 2017; this can be attributed mainlyto Brazil’s economic recovery post recession (2009) coupled with government investments aimed at improving power infrastructure across several sectors including residential buildings.
Growth Factors:
- Increasing demand for uninterrupted power supply: The increasing demand for uninterrupted power supply is one of the key growth drivers for breaker-based transfer switches market. This is because these switches provide an automatic and instantaneous transfer of load from one source to another in the event of a failure, which helps in ensuring continuous power supply to critical loads.
- Growing popularity of data centers: The growing popularity of data centers is also fueling the growth of breaker-based transfer switches market as these devices are used extensively in data centers to provide backup power during outages or emergencies.
- Rising investments in renewable energy sources: The rising investments in renewable energy sources such as solar and wind are also contributing to the growth of breaker-based transfer switches market as these sources are often associated with intermittent nature, which requires backup systems for continuity of operations.
- Stringent government regulations mandating use of back-up systems: Stringent government regulations mandating useof back-up systems is another major factor driving thegrowthofbreaker-basedtransfer switchsmarketas this technology offers an efficient and reliable solutionfor providingback uppowerduring outagesor emergencies .For instance,the Uptime Institute has developed a standard known as Tier Classification System that defines levels (Tiers)of availabilityfor datacenters based on their redundancyand fault tolerance requirements .This standard has led to increased adoption rate offailuretolerant technologiessuch asbreaker -bas edtransfer switchest
Scope Of The Report
Report Attributes
Report Details
Report Title
Breaker-Based Transfer Switches Market Research Report
By Type
Breaker-Based Wallmount Transfer Switches, Breaker-Based Bypass Isolation Transfer Switches
By Application
Industrial, Commercial, Residential
By Companies
Eaton, GE, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems, Eaton
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Breaker-Based Transfer Switches Market Report Segments:
The global Breaker-Based Transfer Switches market is segmented on the basis of:
Types
Breaker-Based Wallmount Transfer Switches, Breaker-Based Bypass Isolation Transfer Switches
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:
- Eaton
- GE
- Cummins
- KOHLER
- ABB
- Briggs & Stratton
- Vertiv
- GENERAC
- Socomec
- Thomson Power Systems
- Eaton
Highlights of The Breaker-Based Transfer Switches 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:
- Breaker-Based Wallmount Transfer Switches
- Breaker-Based Bypass Isolation Transfer Switches
- 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 Breaker-Based Transfer Switches 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.
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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?
Breaker-based transfer switches are a type of electrical switch that allow for the seamless switching of power between two or more circuits. Breaker-based switches are typically used in large industrial and commercial settings, where multiple circuits need to be switched simultaneously.
Some of the major companies in the breaker-based transfer switches market are Eaton, GE, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems, Eaton.
The breaker-based transfer switches market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Breaker-Based Transfer Switches 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 Breaker-Based Transfer Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Breaker-Based Transfer Switches 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 Breaker-Based Transfer Switches 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 Breaker-Based Transfer Switches Market Size & Forecast, 2020-2028
4.5.1 Breaker-Based Transfer Switches Market Size and Y-o-Y Growth
4.5.2 Breaker-Based Transfer Switches Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Breaker-Based Wallmount Transfer Switches
5.2.2 Breaker-Based Bypass Isolation Transfer Switches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Breaker-Based Transfer Switches 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 Breaker-Based Transfer Switches 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Breaker-Based Wallmount Transfer Switches
9.6.2 Breaker-Based Bypass Isolation Transfer Switches
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Breaker-Based Wallmount Transfer Switches
10.6.2 Breaker-Based Bypass Isolation Transfer Switches
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Breaker-Based Wallmount Transfer Switches
11.6.2 Breaker-Based Bypass Isolation Transfer Switches
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Breaker-Based Wallmount Transfer Switches
12.6.2 Breaker-Based Bypass Isolation Transfer Switches
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Breaker-Based Wallmount Transfer Switches
13.6.2 Breaker-Based Bypass Isolation Transfer Switches
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) 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 Breaker-Based Transfer Switches Market: Competitive Dashboard
14.2 Global Breaker-Based Transfer Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 GE
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 Eaton
