An Automatic Transfer Switch (ATS) is a device that automatically switches a power supply between two or more sources. This type of switch is typically used in a range of applications, such as data centers, hospitals, industrial and commercial buildings, and emergency backup systems. It is designed to quickly and automatically switch between two power sources in the event of a power failure or loss of power. This switch ensures that the building or system being supplied with electricity will continue to operate even if one of the power sources fail.
The global Automatic Transfer Switches market is expected to grow significantly during the forecast period. Factors such as the increasing demand for reliable power supply, growing adoption of renewable energy sources, and rising investments in electricity infrastructure are expected to drive the market growth. With the increasing population, there is a growing need for reliable sources of electricity, which is further anticipated to boost the growth of transfer switches market. In addition, the development of technologically advanced systems and various government initiatives to support the use of clean energy sources in order to reduce emissions of greenhouse gases are expected to create opportunities for the market.
The global Automatic Transfer Switches market was valued at US$ 1342 million in 2022 and is anticipated to reach US$ 2110.2 million by 2029, witnessing a CAGR of 6.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Automatic Transfer Switches Market available at: https://www.themarketreports.com/report/global-automatic-transfer-switches-market-research-report
This report aims to provide a comprehensive presentation of the global market for Automatic Transfer Switches, 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 Automatic Transfer Switches.
Global Automatic Transfer Switches key players include GE, Eaton, Cummins, Briggs & Stratton, ABB, etc. Global top five manufacturers hold a share about 50%. United States and Europe is the largest market, both with a share about 30%, followed by Japan, with a share about 20 percent. In terms of product, Closed transition is the largest segment, with a share about 30%. And in terms of application, the largest application is Industrial, followed by Commercial, Residential.
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