Market Overview:
Static Transfer Switch (STS) is a device used to transfer load between two power sources, usually an uninterruptible power supply (UPS) and the main electrical grid. Static Transfer Switches are available in single-phase, three-phases, and four-phases versions. The three-phases Static Transfer Switch was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018. The global static transfer switch market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of this market can be attributed to the increasing demand for uninterrupted power supply across industrial, commercial, and residential applications.
Product Definition:
A Static Transfer Switch (STS) is a device used to automatically transfer load or power between two or more electrical systems. The importance of Static Transfer Switches (STS) is that they provide a safe and reliable way to switch loads between power sources, without interruption.
Single-phase:
Single-phase is a basic power supply unit used in electronic equipment. It has one output that provides an electrical signal of the same frequency as its input. The single-phase STS market is expected to grow at a significant rate owing to increasing demand for consumer electronics devices such as smartphones, tablets, and laptops across the globe.
Three-phases:
The three-phase system is used in the static transfer switch (STS) market. It helps to protect the consumer from high electric bills and it reduces power losses. The STS uses three-phase system for its operation, which consists of a low, a medium and an high voltage side of electricity.
It has become essential to use clean energy sources for sustainable development as well as to meet environmental protection targets globally.
Application Insights:
The industrial application segment is expected to register a CAGR of XX% over the forecast period. Rapid industrialization, primarily in developing countries such as India and China, has resulted in an increased demand for power generation and transmission infrastructure which has subsequently led to an increased requirement for STSs across the industry.
The commercial sector is also anticipated to witness significant growth over the forecast period owing to increasing investments in various commercial projects including educational buildings, hospitals, sports complexes and recreational centers among others. In addition, growing urbanization along with rising disposable income levels among people in developing countries such as Brazil and South Africa are likely to contribute significantly towards segment growth during the study period.
Regional Analysis:
North America is expected to be the fastest-growing regional market over the forecast period. The U.S., in particular, is one of the prominent markets in this region owing to a large number of industries and commercial sectors that use these switches for protection purposes. Europe accounted for more than 25% share of global revenue in 2018 and is also anticipated to witness significant growth over the forecast period due to growing industrialization across several countries such as Germany, France, Italy, UK among others.
Growth Factors:
- Increasing demand for uninterrupted power supply: The need for uninterrupted power supply is increasing with the growth of data centers, telecom networks, and other critical infrastructure. Static transfer switches provide a reliable and efficient way to switch between two sources of power in order to maintain continuity of service.
- Growing popularity of microgrids: Microgrids are becoming increasingly popular as a way to improve the resilience of electrical grids against outages and natural disasters. Static transfer switches are an important part of microgrid systems, providing a way to seamlessly switch between grid-supplied and on-site generation sources.
- Proliferation of renewable energy sources: Renewable energy sources such as solar and wind are becoming more prevalent around the world, thanks to their falling costs and environmental benefits. Static transfer switches provide an easy way to integrate these intermittent renewable energy sources into electrical grids without causing disruptions or blackouts when they’re not available.
Scope Of The Report
Report Attributes
Report Details
Report Title
Static Transfer Switch (STS) Market Research Report
By Type
Single-phase, Three-phases, The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
By Application
Industrial, Commercial, Residential
By Companies
ABB, Eaton, Schneider Electric, DELTA, L3Harris Technologies, Vertiv Group, Piller Group, Socomec Group, Inform UPS, Mitsubishi Electric, AEG Power Solutions, LayerZero Power Systems, Power Distribution, Godgoal
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Static Transfer Switch (STS) Market Report Segments:
The global Static Transfer Switch (STS) market is segmented on the basis of:
Types
Single-phase, Three-phases, The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
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:
- ABB
- Eaton
- Schneider Electric
- DELTA
- L3Harris Technologies
- Vertiv Group
- Piller Group
- Socomec Group
- Inform UPS
- Mitsubishi Electric
- AEG Power Solutions
- LayerZero Power Systems
- Power Distribution
- Godgoal
Highlights of The Static Transfer Switch (STS) 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:
- Single-phase
- Three-phases
- The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
- 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 Static Transfer Switch (STS) 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 static transfer switch is a device that transfers electrical power between two circuits. It does this by using a metal coil to create an electromagnetic field, which switches the electricity from one circuit to the other.
Some of the key players operating in the static transfer switch (sts) market are ABB, Eaton, Schneider Electric, DELTA, L3Harris Technologies, Vertiv Group, Piller Group, Socomec Group, Inform UPS, Mitsubishi Electric, AEG Power Solutions, LayerZero Power Systems, Power Distribution, Godgoal.
The static transfer switch (sts) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Static Transfer Switch (STS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Static Transfer Switch (STS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Static Transfer Switch (STS) Market - Supply Chain
4.5. Global Static Transfer Switch (STS) Market Forecast
4.5.1. Static Transfer Switch (STS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Static Transfer Switch (STS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Static Transfer Switch (STS) Market Absolute $ Opportunity
5. Global Static Transfer Switch (STS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Static Transfer Switch (STS) Market Size and Volume Forecast by Type
5.3.1. Single-phase
5.3.2. Three-phases
5.3.3. The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Static Transfer Switch (STS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Static Transfer Switch (STS) Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Commercial
6.3.3. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Static Transfer Switch (STS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Static Transfer Switch (STS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Static Transfer Switch (STS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Static Transfer Switch (STS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Static Transfer Switch (STS) Demand Share Forecast, 2019-2026
9. North America Static Transfer Switch (STS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Static Transfer Switch (STS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Static Transfer Switch (STS) Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Commercial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Static Transfer Switch (STS) Market Size and Volume Forecast by Type
9.7.1. Single-phase
9.7.2. Three-phases
9.7.3. The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Static Transfer Switch (STS) Demand Share Forecast, 2019-2026
10. Latin America Static Transfer Switch (STS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Static Transfer Switch (STS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Static Transfer Switch (STS) Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Commercial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Static Transfer Switch (STS) Market Size and Volume Forecast by Type
10.7.1. Single-phase
10.7.2. Three-phases
10.7.3. The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Static Transfer Switch (STS) Demand Share Forecast, 2019-2026
11. Europe Static Transfer Switch (STS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Static Transfer Switch (STS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Static Transfer Switch (STS) Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Commercial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Static Transfer Switch (STS) Market Size and Volume Forecast by Type
11.7.1. Single-phase
11.7.2. Three-phases
11.7.3. The Three-phases was the largest segment of Sttic Transfer Switch, which accounted for a market share close to 57% in 2018.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Static Transfer Switch (STS) Demand Share, 2019-2026
12. Asia Pacific Static Transfer Switch (STS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Static Transfer Switch (STS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Static Transfer Switch (STS) Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Commercial
12.4.3. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Static Transfer Switch (STS) Market Size and Volume Forecast by Type
12.7.1. Single-phase
12.7.2. Three-phases
12.7.3. The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Static Transfer Switch (STS) Demand Share, 2019-2026
13. Middle East & Africa Static Transfer Switch (STS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Static Transfer Switch (STS) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Static Transfer Switch (STS) Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Commercial
13.4.3. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Static Transfer Switch (STS) Market Size and Volume Forecast by Type
13.7.1. Single-phase
13.7.2. Three-phases
13.7.3. The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Static Transfer Switch (STS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Static Transfer Switch (STS) Market: Market Share Analysis
14.2. Static Transfer Switch (STS) Distributors and Customers
14.3. Static Transfer Switch (STS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Eaton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schneider Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DELTA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. L3Harris Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Vertiv Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Piller Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Socomec Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Inform UPS
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. AEG Power Solutions
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LayerZero Power Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Power Distribution
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Godgoal
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook