Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Sep 2, 2020 5:15 PM ET

Static Transfer Switch Market Estimated to Grow at a CAGR of 7.1% During Forecast 2020 to 2025


Static Transfer Swit

iCrowd Newswire - Sep 2, 2020

Static transfer switch (STS) is a solid-state switch based on the silicon controlled rectifier device which is forecast to reach $1.9 billion by 2025 with a CAGR of 7.1% in the forecast period. Rising demand for uninterrupted power and adoption of smart grid technology across the globe is analyzed to drive the market in the forecast period. These switches are designed to transfer supply between independent one-phase and three-phase AC power sources. Unlike traditional automatic transfer switches (ATS) and manual transfer switches, static transfer switches provide 20 times faster load transfer which ensures the uninterrupted operation of even the most sensitive electronic equipment. Moreover growing applications of static transfer switches across several industry verticals in analyzed to drive the Static transfer switch market size in the forecast period 2020-2025.

Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=18986

Report Price: $ 4500 (Single User License)

By Operating Voltage – Segment Analysis 

Medium Voltage Static Transfer Switch segment is growing at a CAGR of 8.5% in the forecast period. Medium Voltage Static Transfer Switch is a solid state unit which is capable of switching large amounts of power. This type of switching differs from the conventional method of mechanical switching in that the static transfer switch does not result in an open transition to the load. This prevents heavy in-rush currents resulting from transformers magnetizing, Medium Voltage Static Transfer Switches (MVSTS) select between two independent sources of power and switch to provide uninterrupted power to the loads. Moreover several companies have developed advanced static switches. In 2018, ASCO launched 7000 Series Medium Voltage Transfer Switch with protective relays and other options to meet specific project requirements. Similarly several other companies have been launching these switches with advanced features. Hence these advancements are analysed to drive the market in the forecast period 2020-2025.

By Industry Vertical – Segment Analysis

Static transfer switches in Data Centers are growing at a CAGR of 9.2% in the forecast period. STS is often employed synergistically with UPS and other power quality equipment types for applications in Data centers to typically isolate the critical load with dual-redundant UPS as the power sources. Moreover Investments made by data centers for expansions will drive the market in the forecast period.  In 2019, Google committed to invest more than $3.3 billion and $13 billion for the expansion of its presence in Europe and US regions respectively. In 2020, Vantage Data Center acquired Etix Everywhere to kickstart its massive $2 billion expansion plan into Europe. Similarly several other major data centers as Microsoft, Accenture and so on are planning to expand their presence in APAC, North America and other regions. As STS is used for critical power back up application in data centers, hence these investments are analyzed to drive the market in the forecast period 2020-2025.

By Geography – Segment Analysis

APAC dominated global Static transfer switch market share of 36% in 2019. The demand for electricity is rapidly rising, especially in emerging economies such as China, India. Static Transfer switches are utilized for supplying back-up power critical applications in industries such as healthcare, telecommunication, and IT among others. Factors such as need for uninterrupted and reliable power, industrialization and urbanization are expected to drive the global transfer switch market. Moreover investments made by companies in order to expand their presence in these countries also drive the market. In 2020, NTT committed to invest more than $1.5 billion for the expansion of its presence in India. Similarly ABB has announced to expand its presence in China for robotic manufacturing. As Static transfer switch is used for power back up applications these expansions are analyzed to drive the market in the forecast period 2020-2025.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=18986

Drivers – Static Transfer Switch Market

Smart grid technologies are revolutionizing the way electricity is being consumed. Industries are deploying smart grid meters to meet the regulations and mandates by legislative bodies. According to the US Smart Grid Investment Grant (SGIG) program, a total of 99 projects received federal financial assistance for 50% of eligible project costs. The EU has a goal of 80% of smart meter deployments by 2020. As a result, many European countries, such as the UK, Italy, and Sweden, have mandated smart meter rollouts. The Organization for Economic Co-operation and Development (OECD) countries, such as South Korea, New Zealand, and Canada, joined European countries in the deployment of smart grid infrastructure in their respective countries. As Static transfer switch is used for several application in smart grid technology, hence these adoptions are analyzed to drive the market in the forecast period 2020-2025.

A static transfer switch offers seamless applications in the residential sector. The growing sophistication of IoT devices in the residential environment leading to the proliferation of smart homes and devices is augmenting the STS market demand in this sector. Moreover, complete redundancy and exceptional reliability of these switches has led to their use in the uninterrupted power supply of IoT devices. Therefore, IoT is a driving factor for the dominance of the static transfer switch market in the residential vertical.

Challenges – Static Transfer Switch Market 

Although Static transfer switch is growing at a rapid phase, lack of awareness among developing regions and underdeveloped regions in MENA and other regions and the need for regular maintenance could hamper the growth of transfer switch market in the forecast period 2020-2025.

Acquisitions/Product Launches

Key Takeaways

Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Static transfer switch market. In 2019, the market of Static transfer switch industry outlook has been fragmented by several companies.   Static transfer switch top 10 companies include ABB, Cummins, Honeywell, Emerson, Eaton, Generac, APC, Delta Electronics, Schneider, PDI Corp., Socomec, Vertiv among others.

Related Reports:

Transfer Switch Market

https://www.industryarc.com/Report/15460/transfer-switch-market.html

Global Managed File Transfer Software Market

https://www.industryarc.com/Report/19172/managed-file-transfer-software-market

About IndustryARC : IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services



Contact Information:

Venkat Reddy
Sales Director
Email: venkat@industryarc.com
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677






Keywords:    Static Transfer Switch Market,Static Transfer Switch Market size,Static Transfer Switch industry,Static Transfer Switch Market share,Static Transfer Switch Market report,Static Transfer Switch Market outlook

Tags:    IPS, Reportedtimes, Wire, Extended Distribution, iCN Internal Distribution, Research Newswire, English