Global Automatic Transfer Switches Market Overview:
When utility power is lost, the automatic transfer switch (ATS) commands the generator to startup. When the generator is ready, it adjusts the emergency power. An automatic transfer switch is a device that senses a failure or outage in the primary source and automatically transfers a power supply from its prime source to a backup source. When a failure occurs in a primary power system, the ATS invokes a standby power source, such as an uninterruptable power supply. An ATS can also start up more long-term backup power systems, such as local diesel generators, to run electric equipment until utility power is restored.
- Increasing Demand for Steady & Uninterrupted Power Supply across the World
- Continuously Growing Real Estates Sector and Increasing Demand of Electricity
- Rapid Adoption of Smart Grid Technology
- Increasing Popularity of Microgrid Networks Worldwide
- Lack of Awareness of the Application of Transfer Switch in Emerging Economies
- Need Regular Maintenance
- The Growth in Urbanisation and Industrialisation in both Developing and Developed Countries
- Reimbursement of Old Power Grid & Transmission System
- Requires Seismic Test & NFPA Approval
Some of the key players profiled in the report are Eaton Corporation (Ireland), Generac Power Systems, Inc. (United States), ASCO Power Technologies (United States), ABB (Switzerland), GE (United States), Taylor Power Systems Inc. (United States), KOHLER (United States), Briggs and Stratton (United States), Vertiv (United States), Socomec (United States), Emerson Electric Co. (United States), Eltek Power Systems (South Korea), Caterpillar Inc. (United States) and Regal Beloit (United States). Additionally, following companies can also be profiled that are part of our coverage like Russelectric (United States) and Camsco Electric Co. (Taiwan). Analyst at AdvanceMarketAnalytics see United States Manufacturers to retain maximum share of Global Automatic Transfer Switches market by 2024. Considering Market by Transition Mode, the sub-segment i.e. Open Transition will boost the Automatic Transfer Switches market.
On March 13, 2019 - Generac Holdings Inc. (NYSE: GNRC), a global leader in the design and manufacture of a wide range of residential, commercial and industrial power products, announced today the signing and closing of a purchase agreement to acquire Neurio Technology Inc. The combination of Neurioís intelligent energy management technology with Generacís products, distribution, and market creation capabilities will create tremendous opportunities in how energy is used and managed in a home.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automatic Transfer Switches market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automatic Transfer Switches market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Automatic Transfer Switch, Suppliers of Automatic Transfer Switch, Wholesalers, Distributors and Retailers of Automatic Transfer Switch, Automotive Industry and Governmental Bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.