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NEW YORK, Aug. 22, 2022 /PRNewswire/ — The latest market analysis report titled Automatic Transfer Switches Market by End-user and Geography – Forecast and Analysis 2022-2026 has been recently added to Technavio’s catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 6.75% during the projected period. The analysts at Technavio have categorized the global automatic transfer switches market as a part of the global industrial machinery market. Our report provides extensive information on the value chain analysis for the automatic transfer switches market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The automatic transfer switches market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. This study identifies the growing popularity of microgrid networks, increasing renewable power in the global energy mix, and the rising use of integrated systems as some of the prime reasons driving the automatic transfer switches market growth during the next few years. Commercial and residential units in rural areas have also increased, thus putting extra pressure on the utility. Therefore, to cater to all the energy needs in remote locations, in many countries, the government provides incentives to promote renewable power generation and microgrids. This, in turn, will propel the automatic transfer switches market growth during the forecast period.
However, the impact of regulatory standards on ATS design is one of the factors hampering the automatic transfer switches market growth. The automatic transfer switches market is regulated by various international and regional electrical commissions, and all ATS products that enter the market are subjected to stringent regulations. Although manufacturers are trying to provide technical and design assistance, specifying time-based WCR before evaluating fault current will not only increase the size of the automatic transfer switch but also result in a more expensive product than necessary. This factor will impede the automatic transfer switches market growth during the forecast period.
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Technavio analyzes the market by End-user (Industrial, Commercial, and Residential) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa).
Get Segment-based Insights and Regional Opportunities in this PDF Sample
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters
Automatic Transfer Switches Market Sizing
Automatic Transfer Switches Market Forecast
Automatic Transfer Switches Market Analysis
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Automatic Transfer Switches Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 6.75%
Market growth 2022-2026
$ 248.77 million
Market structure
Fragmented
YoY growth (%)
5.9
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 37%
Key consumer countries
US, China, Japan, India, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
ABB Ltd., alfanar Group, Briggs and Stratton LLC, Camsco, Caterpillar Inc., Cummins Inc., Eaton Corp. Plc, Generac Power Systems Inc., Gulf Electrical Distribution Apparatuses Co. Ltd., Kohler Co., Kusum Engineering Works, Maxge Electrical Technology Co Ltd, Regal Rexnord Corp., Schneider Electric SE, Siemens AG, SM Controls, SOCOMEC Group, THE DELTA GROUP, Vertiv Holdings Co., and Winfull Technology Co. Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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