The Latin America, Middle East and Africa Automatic Transfer Switch Market would witness market growth of 13.0% CAGR during the forecast period (2023-2030).
The increased reliance on continuous power supply is driving an increasing number of industries and commercial institutions to implement ATS systems. A primary determinant propelling the market is imperative to minimize downtime and ensure uninterrupted power supply in the face of grid outages or fluctuations. In addition, the trends of fast industrialization and urbanization have raised demand for ATS systems. Reliable power backup solutions are necessary for industries, manufacturing plants, businesses, servers, and critical infrastructure. ATS systems are becoming increasingly popular in these energy-intensive industries because they facilitate the smooth power transfer between backup sources and the grid. The market's growth depends on several factors, such as the continuous growth of uninterrupted power applications, the upcoming and ongoing smart grid projects, and the increasing demand from data centers.
In order to operate electrical equipment until electricity from the utility is restored, an ATS may also activate longer-lasting backup power systems, like diesel generators located nearby. As a bridge between the devices and the power supplies, the ATS functions as an electrical relay due to its connection to both primary as well as backup power sources. Equipment only connected to a power source via a single cord may utilize an ATS as a redundant, rack-mounted power supply.
The region is witnessing investments in energy infrastructure, including power generation and distribution. For example, Uruguay switched its energy mix from making power from oil to using renewable sources starting in 2005. More than 98% of the country's energy comes from clean sources, mainly hydropower and wind power. The focus on improving the reliability and efficiency of energy systems contributes to adopting ATS to enhance the resilience of the power grid and critical facilities. Therefore, the increasing rate of massive electrification of cities of LAMEA and development in electricity infrastructure is leading the region towards a growing market for automatic transfer switches.
The Brazil market dominated the LAMEA Automatic Transfer Switch Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $30.2 Million by 2030. The Argentina market is exhibiting a CAGR of 13.6% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 12.6% during (2023 - 2030).
Based on Switching Mechanism, the market is segmented into Contactor, and Circuit. Based on End-Use, the market is segmented into Residential, Commercial, Industrial. Based on Transition Mode, the market is segmented into Closed, Soft Load, Open, and Delayed. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Automatic Transfer Switch Market is Projected to reach USD 1.5 Billion by 2030, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Siemens AG, Generac Holdings, Inc., ABB LTD., Kohler Co., Schneider Electric SE, Caterpillar, Inc., Cummins, Inc., Eaton Corporation PLC, Vertiv Holdings Co.
By Switching Mechanism
By End-Use
By Transition Mode
By Country
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