Asia Pacific Transfer Switch Market Size, Share & Industry Trends Analysis Report By End Use (Residential, Industrial, and Commercial), By Type, By Transition Mode (Closed, Open, Soft Load, and Delayed), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Transfer Switch Market would witness market growth of 7.1% CAGR during the forecast period (2022-2028).
Electronic and data processing loads, motor and generator loads, load curtailment systems, and typical load switching applications in which even the briefest period of load interruption is unacceptable are examples of loads that require closed changeover transfer. In the event of a power outage, a UPS (uninterruptible power supply) supplies power for a specified period with stored energy; a CTTS does not replace a UPS. Simply put, a CTTS ensures that there won't be any brief power loss when the load is moved from one live source of power to another.
A static transfer switch moves a load between two sources using power semiconductors like silicon-controlled rectifiers (SCRs). The transfer can happen quickly possibly within a quarter-cycle of the line frequency, there are no moving mechanical parts involved. When there are reliable, independent power sources available and the load needs to be protected against surges or sags in the primary power source or from even brief interruptions of a few power frequency cycles, static transfer switches can be employed.
China started its national research and development (R&D) programs more than 20 years ago, and more recently, it has broadened these programs to include research into energy efficiency and building energy. The Chinese government is now organizing several R&D initiatives, which will be carried out by research facilities, academic institutions, and government-run laboratories. It would be simpler to collaborate and, where it occurs, would speed up results for both nations if Chinese R&D projects were studied and contrasted with the objectives and ambitions of the Department of Energy (DOE).
The China market dominated the Asia Pacific Transfer Switch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $233 million by 2028. The Japan market is estimated to grow a CAGR of 6.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.7% during (2022 - 2028).
Based on End Use, the market is segmented into Residential, Industrial, and Commercial. Based on Type, the market is segmented into Manual and Automatic. Based on Transition Mode, the market is segmented into Closed, Open, Soft Load, and Delayed. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Schneider Electric SE, ABB Group, General Electric (GE) Co., Generac Holdings, Inc., Cummins, Inc., Caterpillar, Inc., Emerson Electric Co., Eaton Corporation PLC, and Kohler Co.
Scope of the Study
Market Segments Covered in the Report:
By End Use
By Transition Mode
- Soft Load
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens AG
- Schneider Electric SE
- ABB Group
- General Electric (GE) Co.
- Generac Holdings, Inc.
- Cummins, Inc.
- Caterpillar, Inc.
- Emerson Electric Co.
- Eaton Corporation PLC
- Kohler Co.
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