Report forecast the global transfer switch market
to grow at a CAGR of 6.92% during the period 2016-2020.
A transfer switch shifts electrical loads or
distribution systems between two power sources; it is an essential part of
standby or emergency power system. Transfer switches are used in a broad range
of applications, such as data centers, hospitals, diagnostic, and other health
care centers, factories, warehouses, and other commercial set-ups such as
financial institutions.
These facilities require uninterrupted power supply
for continuous operations, and therefore, use auxiliary power source, such as a
generator or backup utility feed. In the case of power failure from the primary
supply, the transfer switch shifts all the equipment that is connected to main
supply to the auxiliary power source. Thus, transfer switches form an essential
component of the electrical systems in facilities requiring a continuous power
supply.
The report covers the present scenario and the
growth prospects of the global transfer switch market for 2016-2020. To
calculate the market size, the report considers the demand for transfer
switches from the end-users industries.
The market is divided into the following
segments based on geography:
- North America
- APAC
- Europe
- ROW
According to the report, the market is driven by
the demand for transfer switches from data centers, telecom power systems, and
healthcare facilities. The telecom industry is a major end-user of transfer
switches. The telecom companies aim at ensuring continuous service to the
customers, for which the telecom towers are required to have a constant and
sufficient access to power supply. Therefore, this sector offers significant
potential for market growth of transfer switches.
Further, the report states that fluctuating prices
of raw materials have become a major concern for vendors as these hamper their
plans while forecasting demand and developing and executing manufacturing plans
and inventory management. Such fluctuations can also result in reduced profit
margins for vendors
Global Transfer Switch Market 2016-2020, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
key players in the Global Transfer Switch Market:
ABB, Cummins, Eaton, Emerson Electric, and General Electric.
Other Prominent Vendors in the market are: Camsco
Electric, Generac, Kohler, Mitsubishi Electric, MTS Power Products,
Russelectric, Schneider Electric, Lex Products, Caterpillar, and Dynagen
Technologies.
Market driver
- Demand from data center construction sector
- For a full, detailed list, view our report
Market challenge
- Fluctuations in raw material prices
- For a full, detailed list, view our report
Market trend
- Growing popularity of EVs
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages and 32 Exhibit “Global
Transfer Switch Market 2016 - 2020” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Market
segmentation by end-user, Geographical segmentation, Key leading countries,
Market drivers, Impact of drivers, Market challenges, Impact of drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/Jwy
Find all Machinery report at : http://www.marketresearchreports.com/machinery
No comments:
Post a Comment