Report overview
A static transfer switch uses power semiconductors such as Silicon-controlled rectifiers (SCRs) to transfer a load between two sources. Because there are no mechanical moving parts, the transfer can be completed rapidly, perhaps within a quarter-cycle of the power frequency.
This report aims to provide a comprehensive presentation of the global market for Static Transfer Switch (STS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Static Transfer Switch (STS). This report contains market size and forecasts of Static Transfer Switch (STS) in global, including the following market information:
Global Static Transfer Switch (STS) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Static Transfer Switch (STS) Market Sales, 2018-2023, 2024-2029, (K Units)
Global top five Static Transfer Switch (STS) companies in 2022 (%)
The global Static Transfer Switch (STS) market was valued at US$ 707.9 million in 2022 and is projected to reach US$ 1135.7 million by 2029, at a CAGR of 7.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
ABB was the global largest manufacturer in the Static Transfer Switch market, accounted for maximal market share of 17% in the global market, followed by Eaton, Schneider Electric, DELTA, L3Harris Technologies, Vertiv Group, Piller Group, Socomec Group, Inform UPS, Mitsubishi Electric, AEG Power Solutions, LayerZero Power Systems, Power Distribution, and Godgoal. Top 5 companies took up a combined market share of 61% of the world total. North America held the largest market share close to 37%, followed by Europe of 34.03% in 2018. Rapid industrialization is driving the market growth of this industry.
We surveyed the Static Transfer Switch (STS) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Static Transfer Switch (STS) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Static Transfer Switch (STS) Market Segment Percentages, by Type, 2022 (%)
Single-phase
Three-phases
Global Static Transfer Switch (STS) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Static Transfer Switch (STS) Market Segment Percentages, by Application, 2022 (%)
Industrial
Commercial
Residential
Global Static Transfer Switch (STS) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Static Transfer Switch (STS) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Static Transfer Switch (STS) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Static Transfer Switch (STS) revenues share in global market, 2022 (%)
Key companies Static Transfer Switch (STS) sales in global market, 2018-2023 (Estimated), (K Units)
Key companies Static Transfer Switch (STS) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Eaton
Schneider Electric
DELTA
L3Harris Technologies
Vertiv Group
Piller Group
Socomec Group
Inform UPS
Mitsubishi Electric
AEG Power Solutions
LayerZero Power Systems
Power Distribution
Godgoal
Outline of Major Chapters:
Chapter 1: Introduces the definition of Static Transfer Switch (STS), market overview.
Chapter 2: Global Static Transfer Switch (STS) market size in revenue and volume.
Chapter 3: Detailed analysis of Static Transfer Switch (STS) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Static Transfer Switch (STS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Static Transfer Switch (STS) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
