Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Transfer Switches Market by Type (Automatic Transfer Switches, Manual Transfer Switches), By Application (Industrial, Commercial, Residential) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Transfer Switches Market by Type (Automatic Transfer Switches, Manual Transfer Switches), By Application (Industrial, Commercial, Residential) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157019 3300 Machinery & Equipment 377 241 Pages 4.7 (50)

Market Overview:

The global 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 automatic and manual transfer switches from industrial, commercial, and residential applications. Additionally, the growing awareness about power outages and their impact on businesses is also propelling the demand for transfer switches across different regions.

Global Transfer Switches Industry Outlook

Product Definition:

A transfer switch is a switch that is used to change the electrical load from one power source to another. For example, if you have two generators, you would use a transfer switch to select which generator provides power to your home. The importance of transfer switches is that they provide an emergency backup in case the primary power source fails.

Automatic Transfer Switches:

Automatic transfer switches are a type of electrical equipment that is used to automatically switch power from one circuit to another when an initiating signal is received. They are widely used in industries such as manufacturing, oil & gas, and petrochemical where the flow of current needs to be controlled for safe operation of machinery.

Manual Transfer Switches:

Manual transfer switches are used to protect the equipment from damage caused by short circuits or open circuits in power transmission lines. These switches are available in different forms such as push button, rocker, and toggle type. It is also known by different names including isolator switch, line switch, circuit breaker switch and cut-out switch among others. The primary function of these devices is to interrupt the current flow when an abnormal condition occurs along a power transmission line.

Application Insights:

The market is segmented by application into industrial, commercial and residential. The industrial segment dominated the global transfer switches market in 2017 owing to the growing demand for automation solutions across manufacturing facilities. Transfer switches are widely used in electrical generation, oil & gas and other industries as they help automate processes through controlled power distribution.

The commercial segment is expected to witness significant growth over the forecast period due to an increase in demand for data centers and cloud computing services from various end-use industries such as IT, telecoms and media among others. Cloud providers require a high number of transfer switches due to heavy electricity consumption during peak hours which results in increased product adoption across this sector. Moreover, with rising penetration of smart city initiatives around the globe, there has been an upsurge in demand for electric vehicles charging stations which further drives industry growth over the forecast period.

Regional Analysis:

Asia Pacific is expected to be the largest regional market over the forecast period. The region’s growth can be attributed to increasing foreign investments in countries such as China, India, and Japan. For instance, according to a 2017 United Nations Conference on Trade and Development (UNCTAD) publication, FDI inflows in Asia increased from USD X billion in 2010 to USD X billion in 2016. Moreover rising industrial automation across several industries will drive the demand for transfer switches over the next eight years.

The Middle East & Africa is anticipated to grow at a lucrative rate owing to increasing oil production across major economies such as Saudi Arabia and UAE which has led these nations becoming increasingly dependent on electricity generation for economic activities including oil & gas processing units.

Growth Factors:

  • Increasing demand for uninterrupted power supply: The Transfer Switches market is witnessing increasing demand from the industrial and commercial sectors for uninterrupted power supply. This is driving the growth of the market.
  • Growing awareness about energy efficiency: There is growing awareness among consumers about energy efficiency, which is resulting in an increase in the adoption of transfer switches across industries.
  • Rising investment in renewable energy sources: The growth of renewable energy sources such as solar and wind power is leading to an increase in demand for transfer switches, thereby propelling the growth of this market.
  • Technological advancements: The development of new technologies that improve performance and reliability of transfer switches is aiding their uptake across industries, thereby boosting the overall growth prospects of this market. 5

Scope Of The Report

Report Attributes

Report Details

Report Title

Transfer Switches Market Research Report

By Type

Automatic Transfer Switches, Manual Transfer Switches

By Application

Industrial, Commercial, Residential

By Companies

Vertiv, GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Transfer Switches Market Report Segments:

The global Transfer Switches market is segmented on the basis of:


Automatic Transfer Switches, Manual 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.


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:

  1. Vertiv
  2. GE
  3. Eaton
  4. Cummins
  6. ABB
  7. Briggs & Stratton
  9. Socomec
  10. Thomson Power Systems

Global Transfer Switches Market Overview

Highlights of The Transfer Switches Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Automatic Transfer Switches
    2. Manual Transfer Switches
  1. By Application:

    1. Industrial
    2. Commercial
    3. Residential
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the 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
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Global Transfer Switches Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A transfer switch is a device that helps to move electrical power between two or more circuits. This can be helpful when one circuit is not able to handle the load of an increased number of devices, or when there is a need for temporary power outages.

Some of the major players in the transfer switches market are Vertiv, GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems.

The transfer switches 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. Transfer Switches 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. Transfer Switches Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Transfer Switches Market - Supply Chain
   4.5. Global Transfer Switches Market Forecast
      4.5.1. Transfer Switches Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Transfer Switches Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Transfer Switches Market Absolute $ Opportunity

5. Global Transfer Switches 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. Transfer Switches Market Size and Volume Forecast by Type
      5.3.1. Automatic Transfer Switches
      5.3.2. Manual Transfer Switches
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Transfer Switches 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. Transfer Switches 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 Transfer Switches 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. Transfer Switches 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 Transfer Switches 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. Transfer Switches 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 Transfer Switches Demand Share Forecast, 2019-2026

9. North America Transfer Switches 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 Transfer Switches 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 Transfer Switches 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 Transfer Switches Market Size and Volume Forecast by Type
      9.7.1. Automatic Transfer Switches
      9.7.2. Manual Transfer Switches
   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 Transfer Switches Demand Share Forecast, 2019-2026

10. Latin America Transfer Switches 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 Transfer Switches 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 Transfer Switches 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 Transfer Switches Market Size and Volume Forecast by Type
      10.7.1. Automatic Transfer Switches
      10.7.2. Manual Transfer Switches
   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 Transfer Switches Demand Share Forecast, 2019-2026

11. Europe Transfer Switches 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 Transfer Switches 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 Transfer Switches 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 Transfer Switches Market Size and Volume Forecast by Type
      11.7.1. Automatic Transfer Switches
      11.7.2. Manual Transfer Switches
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Tpe
   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 Transfer Switches Demand Share, 2019-2026

12. Asia Pacific Transfer Switches 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 Transfer Switches 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 Transfer Switches 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 Transfer Switches Market Size and Volume Forecast by Type
      12.7.1. Automatic Transfer Switches
      12.7.2. Manual Transfer Switches
   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 Transfer Switches Demand Share, 2019-2026

13. Middle East & Africa Transfer Switches 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 Transfer Switches 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 Transfer Switches 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 Transfer Switches Market Size and Volume Forecast by Type
      13.7.1. Automatic Transfer Switches
      13.7.2. Manual Transfer Switches
   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 Transfer Switches Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Transfer Switches Market: Market Share Analysis
   14.2. Transfer Switches Distributors and Customers
   14.3. Transfer Switches Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Vertiv Overview Financials Developments Strategic Outlook
      14.4.2. GE Overview Financials Developments Strategic Outlook
      14.4.3. Eaton Overview Financials Developments Strategic Outlook
      14.4.4. Cummins Overview Financials Developments Strategic Outlook
      14.4.5. KOHLER Overview Financials Developments Strategic Outlook
      14.4.6. ABB Overview Financials Developments Strategic Outlook
      14.4.7. Briggs & Stratton Overview Financials Developments Strategic Outlook
      14.4.8. GENERAC Overview Financials Developments Strategic Outlook
      14.4.9. Socomec Overview Financials Developments Strategic Outlook
      14.4.10. Thomson Power Systems Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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