The Global Automatic Transfer Switchgear Market size is projected to reach USD 2,857.3 million by 2028 from USD 1,527.2 million in 2017 at a CAGR of 8% during the forecast period (2021-2028), The growth can be attributed to factors such as increasing demand for energy efficiency solutions with the rise in electricity prices, rising investments in renewable power generation projects, and increased awareness about environmental issues caused by fossil fuel-based power plants. However, the high installation cost associated with these devices may hamper the growth of this market during the forecast period.
A transfer switch is a device that switches the power from one circuit to another. It can be used for different purposes such as load balancing, source voltage reduction in order to save energy, and so on. Transfer Switches are also called Automatic Transfer Switchgear (ATS) or Automated Power Distribution Systems (APDS).
They work much like the breakers found in your home’s electrical panel that cut off power when an overload occurs. The difference between these two types of devices is mainly their size and how they interface with other equipment installed into a building's electric system. The transfer switch has become increasingly important over recent years due to new regulations by safety organizations, utility companies, manufacturers, and customers who want more control over their own electrical power.
On the basis of Types, the market is segmented into High Voltage, Medium Voltage, and Low Voltage.
High voltage automatic transfer switchgear is an electrical or electronic device that provides electric power to various parts of the building by transferring it from one generator set to another. It also performs switching functions between different sections of a distribution feeder, transmission lines, and/or between generating sets.
The high-voltage disconnects are used for breaking currents in circuits up to 220 kV (kilovolt) without interruption of service and with minimal impact on adjacent equipment. The medium-voltage switches can be utilized where voltages range from 40 kV (kilovolt) to 110 kV (kilovolts). Low-voltage switches are mainly used at low voltages like 120 VAC or 240 VAC which supply electricity within a building.
Medium voltage automatic transfer switchgear is an AC-powered or DC power distribution system used for protecting equipment and providing a safe alternate path from the primary source. Depending on the type of circuit, a medium voltage can range from 600V to 30kV (kilovolts).
Medium voltage automatic transfer switchgear is used for protecting equipment and providing a safe alternate path from the primary source. Medium voltage systems are typically found in power plants, substations, utility networks or large commercial buildings where it provides protection against outages caused by surges and brownouts as well as an emergency load shedding device.
The Low Voltage Automatic Transfer Switchgear is the ideal solution for low voltage distribution and transmission networks. The system has been designed to distribute power from a single point of failure or several sources, through an automatic transfer switch (ATS), back to multiple loads in case of disruption. This ATS provides continuous operation with no interruption during fault conditions like load shedding, line breakage, etc.
On the basis of Application, the market is segmented into Industrial, Commercial, and Residential.
This is a revolutionary solution for industrial customers. It provides protection against outages caused by surges and brownouts, as well as an emergency load shedding device. The installation of the ATS will help eliminate unplanned downtime in factories that rely on the uninterrupted power supply. This ATS offers continuous operation with no interruption during fault conditions like load shedding, line breakage, etc. Therefore it can be used in manufacturing industries to ensure seamless production without any disruptions due to grid faults or blackouts which may occur at any time because these occurrences are unpredictable and frequent nowadays.
The Commercial sector requires high-quality reliability from its automatic transfer switchgear systems to prevent disruption of daily operations due to power loss or blackouts. ATS provides a backup facility to ensure an uninterrupted power supply for the commercial sector, which includes offices and other non-industrial establishments.
The Residential industry not only needs reliability but also the quality of service during an outage or blackout with their automatic transfer switchgear system in order to provide energy security as well as convenience from unplanned downtime. An ATS will help them maintain continuous operation throughout faults such as load shedding/blackouts that can occur at any time without interruption due to its high level of redundancy and safety features like voltage monitoring devices (VMDs), overload protection switches (OPWs), etc., thereby preventing damage caused by interrupted operations when electricity is lost or disrupted.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and the Asia Pacific.
The North American market is expected to grow at the highest CAGR during the forecast period. The market in North America is mainly driven by the high demand for electric power and automatic transfer switchgear from the industrial application segment.
The Latin American market is projected to witness significant growth rates, owing to favorable government policies such as feed-in tariffs for renewable energy sources like solar panels and windmills, which are driving the adoption of new technologies.
Europe will be one of the major players in this global automatic transfer switchgear market due to its increased investments in technological advancements, especially within industries benefitting from low voltage distribution automation systems (LVDS).
The global automatic transfer switchgear market is expected to grow at an exponential rate from 2021-2028. The major factor that drives the growth of this industry are rising demand for renewable energy and increasing popularity of electric vehicles. Other factors include the growing need for data centers due to the increase in internet usage, rise in security concerns, and advancement in technologies.
Some other driving forces for the development of this market are rapid urbanization which needs power transmission systems; policy reforms by countries with liberalized electricity markets such as China; technological innovations including IoT (Internet Of Things) devices managing their own load-shedding strategies during a blackout or black start event happening without human intervention; and advances in understanding about safety nets during an emergency situation preventing any loss through appropriate protection.
Up Market Research published a new report titled “Automatic Transfer Switchgear Market research report which is segmented by Types (High Voltage, Medium Voltage, Low Voltage), By Applications (Industrial, Commercial, Residential), By Players/Companies GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems”.
|Report Attributes||Report Details|
|Report Title||Automatic Transfer Switchgear Market Research Report|
|By Type||High Voltage, Medium Voltage, Low Voltage|
|By Application||Industrial, Commercial, Residential|
|By Companies||GE, Eaton, Cummins, KOHLER, ABB, Briggs & Stratton, Vertiv, GENERAC, Socomec, Thomson Power Systems|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||236|
|Number of Tables & Figures||166|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type High Voltage, Medium Voltage, Low Voltage and By Application Industrial, Commercial, Residential.
Some of the companies that are profiled in this report are:
Automatic Transfer Switchgear Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automatic Transfer Switchgear 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 2028.
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