The Latin America, Middle East and Africa Transfer Switch Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Any electrical connection to a dwelling must have a transfer switch, according to the NEC. Using an ATS is the only safe way to connect a generator directly to someone’s house. A transfer switch separates the consumer house from the power lines. This prevents back-feed, which occurs when power flows back down utility wires. Back feed can damage the generator as well as create fires. A transfer switch is an easiest and safest way of connecting a generator to their home.
Running extension cords to and from appliances can be a pain and take a lot of time, especially during a power outage. Users can quickly and easily utilize their generator to power any appliance in the home's electrical system with the help of a transfer switch. Some appliances, such as furnaces or well pumps, cannot be connected to generators with extension cords, thus a transfer switch must be used to power them during a utility power outage.
Manufacturers of transfer switches have access to opportunities in this region. Many nations, like South Africa, are undergoing continuous development and are likely to acquire cutting-edge technologies of the newest generation. Additionally, because of industrialized nations like Brazil and Argentina where people's purchasing power is always rising, individuals are now able to afford more sophisticated and opulent things for their homes. The use and demand for switches would both rise as a result of the rising purchasing power of individuals in these nations.
The Brazil market dominated the LAMEA Transfer Switch Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $39.8 million by 2028. The Argentina market is experiencing a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Transfer Switch Market is Predict to reach $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.
By End Use
By Type
By Transition Mode
By Country
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