Transfer Switch Market — Growth Opportunities in Global Industry
A transfer switch is an electrical equipment that switches load between two power sources such as utility power and generator power. Transfer switches are available in the manual or automatic forms. Transfer switches provide quick transition between two or more power sources which helps in uninterrupted power supply if any of the power sources goes off.
The global transfer switch market is very mature and has grown significantly since its inception. Transfer switches are used in various industrialand residential setups. Transfer switches are also available in automatic mode which has further improved its usage and practicality. Transfer switches have a huge market in Asia Pacific, North America and Europe. Middle East, Latin America and Africa also have a growing market for transfer switches.
The global transfer switches market can be segmented on the basis of type, transition mode, and geography. The different types of transfer switches include automatic transfer switches and manual transfer switches.Automatic transfer switch constantly monitors the supply power and instantly switches when it senses shortage or variation in power. Automatic transfer switches are most commonly used transfer switches.In manual transfer switch, an operator effects the transition by changing a switch.
Transfer switches are segmented on the basis of various transition modes such as open transition, closed transition, delayed transition, and soft load transition. An open transition transfer switch breaks contactwith one source of power before it makes contact with another source of power. Whereas, closed transition transfer switches simultaneously makes contact with another power sources before breaking from it.
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