Europe Transfer Switch Market Size & Growth Forecast 2028

Europe 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

Published Date: September-2022 | Number of Pages: 104 | Format: PDF | Report ID: KBV-20082

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Market Report Description

The Europe Transfer Switch Market would witness market growth of 6.2% CAGR during the forecast period (2022-2028).

Large backup generator installations that use emergency switchgear that is more complicated allow for soft loading, which makes it possible for the load to be smoothly moved from the utility to the synchronized generators and back. This helps lower peak load demands from a utility. A make-before-break transfer switch is another name for a closed transition transfer switch (CTTS). The closed transition, or overlap time, must typically be shorter than 100 milliseconds.

The switch must run in a break-before-make mode to prevent back feeding if either source is absent or unacceptable. Code-mandated monthly testing is less disagreeable with closed transition transfer because it doesn't disrupt crucial loads like open transition transfer does. The on-site engine generator set is briefly linked in parallel with the utility source during closed transition transfer. The neighborhood utility provider must give their clearance before doing this.

Europe wants to increase offshore wind turbine output by a factor of 25 by the year 2050. The European Commission states that the "Offshore Renewable Energy Strategy" describes the region's goal to produce 40 GW of offshore energy, such as wave and tidal power, in the same time frame. Additionally, in February 2019, the European Investment Bank (EIB) provided the Zumtobel Group with the second Euro 40 million tranche of a Euro 80 million funding package to support the expansion of its research and development activities to bring improvements to its products.

The Germany market dominated the Europe Transfer Switch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $136.1 million by 2028. The UK market is anticipated to grow at a CAGR of 5.3% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Transfer Switch Market will Hit $2.2 Billion by 2028, at a CAGR of 6.7%

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

  • Residential
  • Industrial
  • Commercial

By Type

  • Manual
  • Automatic

By Transition Mode

  • Closed
  • Open
  • Soft Load
  • Delayed

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

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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Related Reports:

Global Transfer Switch Market Report 2022-2028

North America Transfer Switch Market Report 2022-2028

Asia Pacific Transfer Switch Market Report 2022-2028

LAMEA Transfer Switch Market Report 2022-2028

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