Growing Global Transfer Switch Market Increased demand for consistent and reliable power, aging of electrical grids and the growth of data centers are some of the major factors that have a favorable impact on the global transfer switch market.

This market has traditionally witnessed a growth of 4-5% with revenues increasing every year. The boom in data centers and IT industry has also helped push the market even further. The revenue of the global transfer switch market in 2010 was around $800m and this market is expected to show significant growth in the future, reaching a value of $1.5 billion in 2020.

GlobalData’s “Transfer Switch Market - Global Market Size, Pricing Analysis, Regulations and Competitive Analysis to 2020” gives detailed information on the Global Transfer Switches market and provides historical and forecast numbers for revenues, technology split and price up to 2020. The research analyzes trends in the global transfer switches market and also detailed analysis for the leading countries in this business. This, coupled with competitive benchmarking of the top market participants provides a comprehensive understanding of the market’s competitive scenario.

From the time when power failure was considered as a hindrance in the smooth functioning in almost every activity and a lot of interest was generated in the generator and the UPS (Uninterruptible power supply) industry to make sure that the utility is not the only source of power available, we have come a long way. With the dependence on electricity nowadays spreading to some of the ultra critical areas, such as hospitals, military bases, financial datacenters and other, the tolerance level of the power failure has become significantly less. Earlier the need was to have a back up source, if there was a power failure, now the need has grown to an immediate shift in the load from one source to another if there is some fault in the primary source. This has been the basic principle in the invention of the transfer switches.

The study covers eight countries (the US, Canada, the UK, Germany, France, China, Japan and India)

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