Market Overview:
The global contractor-based transfer switch 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 contractor-based transfer switches from industrial, commercial, and residential applications. In addition, the growing awareness about safety and security is also propelling the growth of this market.
Product Definition:
A contactor-based transfer switch is an electrical device that allows a single power source to be shared between two or more circuits. It does this by opening and closing a set of contacts, which interrupts the flow of electricity to the other circuits. This allows one circuit to remain powered while another is shut off for repair or maintenance.
0-300A:
0-300A is a low power, high frequency electronic switch used in various industrial applications. It has applications in process control systems, instrumentation systems and factory automation system. The growth factor for the 0-300A market is High Growth Automation (HGA) which means it's usage to increase production capacity by automating processes or increasing the rate of operation of existing equipment.
301-1600A:
The industry has been witnessing a rapid increase in the demand for transfer switches, which is attributed to growing power consumption across various sectors. The increasing population and rapid industrialization have resulted in an increased need for energy. This has further led to high electricity rates, thus impacting the transfer switch market positively.
Technological advancements have paved way for improved efficiency of products through modifications such as reduced size of components and incorporation of semiconductor control circuits into devices.
Application Insights:
The industrial application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Contactor-based transfer switches are widely used in industries, such as oil & gas, power generation, petrochemical and manufacturing where large electrical currents need to be controlled for safety purposes. These devices help prevent accidents caused due to tripping or overloads on electrical systems that operate heavy machinery or equipment.
Commercial applications include government offices, hospitals, educational institutions and corporate offices where high safety standards are required owing to expensive electronic equipment present within these buildings. Transfer switchgear provides protection against voltage fluctuations by enabling users control multiple switching units from a single location thus reducing operational costs while increasing efficiency across diverse installations with ease of use and installation flexibility.
Residential applications comprise of small commercial facilities (office spaces) along with residential complexes/homes (residential buildings).
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing industrialization, rising commercial construction activities, and expanding power generation capacities across emerging economies such as China, India, Indonesia, Vietnam among others.
The demand for GCTS in Europe is anticipated to witness a significant rise over the forecast period owing to growing demand from residential applications. The presence of large number of distribution lines with high voltage equipment that requires protection at higher capacity levels has led distributors in this region adopt contactors based transfer switches as their primary products offering solutions at lower cost compared to other alternatives available in the market place.
Growth Factors:
- Increasing demand for uninterrupted power supply: The increasing demand for uninterrupted power supply is one of the key growth drivers for the contactor based transfer switch market. This is because contactor based transfer switches help in transferring the load from one source to another without any interruption in power supply, which is critical for many industrial and commercial applications.
- Growing popularity of data centers: The growing popularity of data centers is another key growth driver for the contactor based transfer switch market. Data centers are becoming increasingly important as they play a crucial role in enabling businesses to store and process large amounts of data quickly and efficiently. As a result, there is an increasing demand for reliable and efficient contactor based transfer switches that can provide uninterrupted power supply to these data centers.
- Rising investments in renewable energy sources: The rising investments in renewable energy sources such as solar and wind energy are also driving the growth of the contactor based transfer switch market. This is because renewable energy sources are becoming increasingly popular due to their environmental benefits, cost-effectiveness, and reliability. As a result, there is an increasing need for efficient contactor based transfer switches that can help connect these renewable energy sources with traditional grid systems seamlessly without any interruptions or losses in power transmission quality or efficiency .
Scope Of The Report
Report Attributes
Report Details
Report Title
Contactor Based Transfer Switch Market Research Report
By Type
0-300A, 301-1600A, 1600A-4000A
By Application
Industrial, Commercial, Residential
By Companies
Marathon Thomson Power System (Canada), Generac Power Systems (U.S.), ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation PLC. (Ireland), Kohler Power (U.S.), Cummins Inc. (U.S.), Emerson Electric Company (U.S.), Marathon Thomson Power System (Canada)
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Contactor Based Transfer Switch Market Report Segments:
The global Contactor Based Transfer Switch market is segmented on the basis of:
Types
0-300A, 301-1600A, 1600A-4000A
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:
- Marathon Thomson Power System (Canada)
- Generac Power Systems (U.S.)
- ABB Ltd. (Switzerland)
- General Electric (U.S.)
- Eaton Corporation PLC. (Ireland)
- Kohler Power (U.S.)
- Cummins Inc. (U.S.)
- Emerson Electric Company (U.S.)
- Marathon Thomson Power System (Canada)
Highlights of The Contactor Based Transfer Switch 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:
- 0-300A
- 301-1600A
- 1600A-4000A
- 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 Contactor Based Transfer Switch 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?
A contactor-based transfer switch is a type of electrical switch that uses contacts to control the flow of electricity. When an electrician needs to turn on or off power to a specific circuit, they use a contactor-based transfer switch. This type of switch has several metal contacts that are connected together by wires. The electrician can open and close the contacts in order to control the flow of electricity through the circuit.
Some of the major players in the contactor based transfer switch market are Marathon Thomson Power System (Canada), Generac Power Systems (U.S.), ABB Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation PLC. (Ireland), Kohler Power (U.S.), Cummins Inc. (U.S.), Emerson Electric Company (U.S.), Marathon Thomson Power System (Canada).
The contactor based transfer switch 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 Contactor Based Transfer Switch 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 Contactor Based Transfer Switch Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Contactor Based Transfer Switch 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 Contactor Based Transfer Switch 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 Contactor Based Transfer Switch Market Size & Forecast, 2020-2028
4.5.1 Contactor Based Transfer Switch Market Size and Y-o-Y Growth
4.5.2 Contactor Based Transfer Switch 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 0-300A
5.2.2 301-1600A
5.2.3 1600A-4000A
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 Contactor Based Transfer Switch 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 Contactor Based Transfer Switch 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 0-300A
9.6.2 301-1600A
9.6.3 1600A-4000A
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 0-300A
10.6.2 301-1600A
10.6.3 1600A-4000A
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 0-300A
11.6.2 301-1600A
11.6.3 1600A-4000A
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 0-300A
12.6.2 301-1600A
12.6.3 1600A-4000A
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 0-300A
13.6.2 301-1600A
13.6.3 1600A-4000A
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 Contactor Based Transfer Switch Market: Competitive Dashboard
14.2 Global Contactor Based Transfer Switch Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marathon Thomson Power System (Canada)
14.3.2 Generac Power Systems (U.S.)
14.3.3 ABB Ltd. (Switzerland)
14.3.4 General Electric (U.S.)
14.3.5 Eaton Corporation PLC. (Ireland)
14.3.6 Kohler Power (U.S.)
14.3.7 Cummins Inc. (U.S.)
14.3.8 Emerson Electric Company (U.S.)
14.3.9 Marathon Thomson Power System (Canada)
