Lewes, DE -- (SBWIRE) -- 04/01/2016 -- Report forecast the global transfer switch market to grow at a CAGR of 6.92% during the period 2016-2020.

A transfer switch shifts electrical loads or distribution systems between two power sources; it is an essential part of standby or emergency power system. Transfer switches are used in a broad range of applications, such as data centers, hospitals, diagnostic, and other health care centers, factories, warehouses, and other commercial set-ups such as financial institutions.

These facilities require uninterrupted power supply for continuous operations, and therefore, use auxiliary power source, such as a generator or backup utility feed. In the case of power failure from the primary supply, the transfer switch shifts all the equipment that is connected to main supply to the auxiliary power source. Thus, transfer switches form an essential component of the electrical systems in facilities requiring a continuous power supply.

The report covers the present scenario and the growth prospects of the global transfer switch market for 2016-2020. To calculate the market size, the report considers the demand for transfer switches from the end-users industries.

The market is divided into the following segments based on geography:
- North America
- APAC
- Europe
- ROW

According to the report, the market is driven by the demand for transfer switches from data centers, telecom power systems, and healthcare facilities. The telecom industry is a major end-user of transfer switches. The telecom companies aim at ensuring continuous service to the customers, for which the telecom towers are required to have a constant and sufficient access to power supply. Therefore, this sector offers significant potential for market growth of transfer switches.

Further, the report states that fluctuating prices of raw materials have become a major concern for vendors as these hamper their plans while forecasting demand and developing and executing manufacturing plans and inventory management. Such fluctuations can also result in reduced profit margins for vendors

Global Transfer Switch Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Transfer Switch Market: ABB, Cummins, Eaton, Emerson Electric, and General Electric.

Other Prominent Vendors in the market are: Camsco Electric, Generac, Kohler, Mitsubishi Electric, MTS Power Products, Russelectric, Schneider Electric, Lex Products, Caterpillar, and Dynagen Technologies.

Market driver
- Demand from data center construction sector
- For a full, detailed list, view our report

Market challenge
- Fluctuations in raw material prices
- For a full, detailed list, view our report

Market trend
- Growing popularity of EVs
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 32 Exhibit "Global Transfer Switch Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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