Market Overview:
The global manual transfer switches market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for manual transfer switches in industrial and commercial applications. Panel mounted type is expected to be the fastest growing segment during the forecast period, owing to its compact size and easy installation. Asia Pacific is expected to be the fastest growing region during the forecast period, owing to rising demand for manual transfer switches in industrial and commercial applications in countries such as China and India.
Product Definition:
A manual transfer switch is a device used to connect a generator to a building's electrical distribution system. It allows the generator to supply power to the building when the main power source is unavailable. Manual transfer switches are important because they provide a safe and reliable way to connect generators to buildings, which can be essential during emergencies.
Panel Mounted:
The global panel mounted, it's usage and growth factor in the manual transfer switches market is expected to witness significant growth over the forecast period. The switchboard equipment has undergone a major change from manual to automatic systems. Automatic systems have witnessed widespread adoption due to their benefits such as reduced labor cost, increased production rate, and improved quality of output.
Din Rail Mounted:
Din rail mounted switches are used in manual transfer switches to control the power flow. These switches are widely used in heavy industries and manufacturing units where high power is required for various operations such as machine operation, material handling, etc.
These switches can be easily operated using a handheld remote or can be directly connected to a system controller which enables them to turn on and off the current supply according to user-defined settings.
Application Insights:
The industrial application segment led the global manual transfer switches market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for MTS from various industries including oil & gas, chemical, petrochemical, power generation and marine among others.
The other applications include commercial as well as institutional sectors such as healthcare facilities and educational institutions among others which require high reliability for critical applications such as life safety systems or fire protection systems respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and rising commercial construction activities in emerging economies of China, India, and South Korea. Moreover, growing demand for energy-efficient devices will drive the market further. Europe manual transfer switches market is majorly driven by Germany owing to its well-established manufacturing sector across various industries including automotive, electrical & electronics among others.
Growth Factors:
- Increasing demand for uninterrupted power supply: The increasing demand for uninterrupted power supply is one of the key growth drivers for the manual transfer switches market. This is because an uninterruptible power supply (UPS) system helps in protecting critical loads from voltage fluctuations, surges, and blackouts. As a result, the need for manual transfer switches is expected to increase in the coming years.
- Growing popularity of data centers: The growing popularity of data centers is another major factor that is expected to drive the growth of the manual transfer switches market in the near future. Data centers are required to have an uninterrupted power supply so as to ensure smooth functioning of their operations round-the-clock. This has led to an increase in demand for UPS systems and manual transfer switches over past few years, which in turn is likely to boost market growth during forecast period as well.
- Rising number of industrial accidents: The rising number of industrial accidents across different industries has been a major concern worldwide over past few years and this trend is likely continue over next few years as well owing ot increased awareness among people about safety issues related with industries such as chemical plants, oil refineries etcetera .This will create opportunities for players operating Manual Transfer Switches market globally due increased adoption rate o these products by various end users segments including manufacturing sector , commercial sector etcetera .
Scope Of The Report
Report Attributes
Report Details
Report Title
Manual Transfer Switches Market Research Report
By Type
Panel Mounted, Din Rail Mounted
By Application
Industrial, Commercial, Other
By Companies
Eaton, ABB, Siemens, Socomec, Honeywell, Panasonic, NKK Switches, Cherry, Steadypower, Vertiv, Eaton, Thomson Power Systems, Pasternack
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
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Manual Transfer Switches Market Report Segments:
The global Manual Transfer Switches market is segmented on the basis of:
Types
Panel Mounted, Din Rail Mounted
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, Other
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
- ABB
- Siemens
- Socomec
- Honeywell
- Panasonic
- NKK Switches
- Cherry
- Steadypower
- Vertiv
- Eaton
- Thomson Power Systems
- Pasternack
Highlights of The Manual 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:
- Panel Mounted
- Din Rail Mounted
- By Application:
- Industrial
- Commercial
- Other
- 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 Manual 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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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?
Manual transfer switches are used to automatically move power from one circuit to another. This is done by connecting the two circuits using a switch, and then activating the switch. The power will then flow from the first circuit to the second, without any need for an electrician or technician.
Some of the major players in the manual transfer switches market are Eaton, ABB, Siemens, Socomec, Honeywell, Panasonic, NKK Switches, Cherry, Steadypower, Vertiv, Eaton, Thomson Power Systems, Pasternack.
The manual transfer switches 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 Manual 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 Manual Transfer Switches Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Manual 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 Manual 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 Manual Transfer Switches Market Size & Forecast, 2020-2028
4.5.1 Manual Transfer Switches Market Size and Y-o-Y Growth
4.5.2 Manual 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 Panel Mounted
5.2.2 Din Rail Mounted
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 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Manual 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 Manual 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 Panel Mounted
9.6.2 Din Rail Mounted
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 Other
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 Panel Mounted
10.6.2 Din Rail Mounted
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 Other
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 Panel Mounted
11.6.2 Din Rail Mounted
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 Other
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 Panel Mounted
12.6.2 Din Rail Mounted
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 Other
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 Panel Mounted
13.6.2 Din Rail Mounted
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 Other
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 Manual Transfer Switches Market: Competitive Dashboard
14.2 Global Manual Transfer Switches Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 ABB
14.3.3 Siemens
14.3.4 Socomec
14.3.5 Honeywell
14.3.6 Panasonic
14.3.7 NKK Switches
14.3.8 Cherry
14.3.9 Steadypower
14.3.10 Vertiv
14.3.11 Eaton
14.3.12 Thomson Power Systems
14.3.13 Pasternack
