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Static Transfer Switch Market by Type (Single Phase STS, Three Phase STS), Operating Voltage (High Voltage, Low Voltage, Medium Voltage), Ampere Rating, Application, End-Use - Global Forecast 2024-2030

Publisher 360iResearch
Published Apr 17, 2024
Length 184 Pages
SKU # IRE18713774

Description

Static Transfer Switch Market by Type (Single Phase STS, Three Phase STS), Operating Voltage (High Voltage, Low Voltage, Medium Voltage), Ampere Rating, Application, End-Use - Global Forecast 2024-2030


The Static Transfer Switch Market size was estimated at USD 1.68 billion in 2023 and expected to reach USD 1.78 billion in 2024, at a CAGR 5.81% to reach USD 2.50 billion by 2030.

A static transfer switch (STS) is an electrical device that allows instantaneous power transfer from one source to another to ensure an uninterrupted power supply. This is particularly beneficial in data centers, hospitals, and other settings where power consistency is crucial. The STS market encompasses the design, production, distribution, and technical support for such devices and their integration into power systems. There has been a rapid increase in data center construction driven by the expansion of cloud computing and online services. Additionally, integrating renewable energy as a parallel power source fuels the STS industry's growth. However, the complexity of integrating STS with existing power systems and new renewable energy sources and technical limitations in terms of switching speed and efficiency for very high power applications impedes the widespread growth of the industry. However, manufacturers have explored the development of smart STS systems integrated with IoT to predict maintenance, optimize power resource allocation, and overcome technical barriers of STS. Additionally, modular STS units that allow for scalability in growing businesses and data centers can provide new avenues of growth for the industry. Continued R&D investments can lead to significant business growth by delivering advanced solutions to a market with an insatiable need for reliable power.



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Table of Contents

184 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Government initiatives promoting industrial automation worldwide
5.1.1.2. Shift toward renewable energy and need for reliable transfer between power sources
5.1.1.3. Rising expansion of data center infrastructure development
5.1.2. Restraints
5.1.2.1. Need for frequent maintenance and upgradation
5.1.3. Opportunities
5.1.3.1. Technological advancements and innovations in static transfer switch
5.1.3.2. Investments in 5G network and use of high-quality static transfer switch
5.1.4. Challenges
5.1.4.1. Technical and functional limitations of static transfer switch
5.2. Market Segmentation Analysis
5.2.1. Type: Increasing adoption of three phase static transfer switches
5.2.2. Operating Voltages: Variety in application areas based on voltage range
5.2.3. Ampere Rating: Expansion of large data centers across the world necessitating demand for 2001 to 3000-ampere rating
5.2.4. Application: Emerging applications of Static Transfer Switches across industries
5.2.5. End-Use: Growing requirements of static transfer switch to increase resilience and minimize downtime
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Static Transfer Switch Market, by Type
6.1. Introduction
6.2. Single Phase STS
6.3. Three Phase STS
7. Static Transfer Switch Market, by Operating Voltage
7.1. Introduction
7.2. High Voltage
7.3. Low Voltage
7.4. Medium Voltage
8. Static Transfer Switch Market, by Ampere Rating
8.1. Introduction
8.2. 1001-2000A
8.3. 2001-3000A
8.4. 3001-5000A & Above
8.5. 501-1000A
8.6. Less than 500A
9. Static Transfer Switch Market, by Application
9.1. Introduction
9.2. Automotive
9.3. IT & Telecommunication
9.4. Manufacturing
9.5. Power Generation
10. Static Transfer Switch Market, by End-Use
10.1. Introduction
10.2. Commercial
10.3. Industrial
10.4. Residential
11. Americas Static Transfer Switch Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Static Transfer Switch Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Static Transfer Switch Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.3.1. Aggreko Makes Multi-Million Dollar Purchase of Uninterruptible Power Supply (UPS) Systems
14.3.2. Nature's Generator Launches 12-Circuit Transfer Switch for Home Solar Power Integration
14.3.3. Cummins Adds to their Line of UL1008 Transfer Switches with the Unveiling of their Revolutionary Bypass-Isolation Transfer Switch Solution
14.4. Strategy Analysis & Recommendation
15. Competitive Portfolio
15.1. Key Company Profiles
15.2. Key Product Portfolio
FIGURE 1. STATIC TRANSFER SWITCH MARKET RESEARCH PROCESS
FIGURE 2. STATIC TRANSFER SWITCH MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. STATIC TRANSFER SWITCH MARKET DYNAMICS
FIGURE 7. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY OPERATING VOLTAGE, 2023 VS 2030 (%)
FIGURE 10. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY OPERATING VOLTAGE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY AMPERE RATING, 2023 VS 2030 (%)
FIGURE 12. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY AMPERE RATING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY END-USE, 2023 VS 2030 (%)
FIGURE 16. GLOBAL STATIC TRANSFER SWITCH MARKET SIZE, BY END-USE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS STATIC TRANSFER SWITCH MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS STATIC TRANSFER SWITCH MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES STATIC TRANSFER SWITCH MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES STATIC TRANSFER SWITCH MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC STATIC TRANSFER SWITCH MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC STATIC TRANSFER SWITCH MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA STATIC TRANSFER SWITCH MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA STATIC TRANSFER SWITCH MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. STATIC TRANSFER SWITCH MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 26. STATIC TRANSFER SWITCH MARKET, FPNV POSITIONING MATRIX, 2023

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