Transfer Switch Market, Global Outlook and Forecast 2023-2029

This report studies the Transfer Switches market. The transfer switch (TS) is an electrical device that allows the transfer of power sources to the load. This superior switching methodology means that if one power source fails, the TS switch connects the load to the back-up power source. The switch market comprises of two transfer switches, namely the automatic transfer switch (ATS) and manual transfer switch (MTS).
This report aims to provide a comprehensive presentation of the global market for Transfer Switch, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Transfer Switch. This report contains market size and forecasts of Transfer Switch in global, including the following market information:
Global Transfer Switch Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Transfer Switch Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Transfer Switch companies in 2022 (%)
The global Transfer Switch market was valued at US$ 1016.4 million in 2022 and is projected to reach US$ 1283.8 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North America is the largest market with about 30% market share. Europe and Japan are follower, accounting for about 46% market share.
The key players are Vertiv, GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, GENERAC, Socomec, Thomson Power Systems?
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Transfer Switch manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Transfer Switch Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Transfer Switch Market Segment Percentages, by Type, 2022 (%)
    Automatic
    Manual
Global Transfer Switch Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Transfer Switch Market Segment Percentages, by Application, 2022 (%)
    Industrial
    Commercial
    Residential
Global Transfer Switch Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Transfer Switch Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Transfer Switch revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Transfer Switch revenues share in global market, 2022 (%)
Key companies Transfer Switch sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Transfer Switch sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    ABB
    General Electric
    Emerson
    Socomec
    Cummins
    Schneider Elect
    Eaton
    Siemens
    Eltek
    Generac
    Russelectric
    Caterpillar
    Kohler
    Camsco
    Marathon Thomson Power System
Outline of Major Chapters:
Chapter 1: Introduces the definition of Transfer Switch, market overview.
Chapter 2: Global Transfer Switch market size in revenue and volume.
Chapter 3: Detailed analysis of Transfer Switch manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Transfer Switch in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Transfer Switch capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.