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Automatic Transfer Switch Market Share

Report ID: GMI5881
Published Date: May 2023
Report Format: PDF

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Automatic Transfer Switch Market Share

Key companies operating in the automatic transfer switch market include

General Electric
Vertiv Group Corp
Generac Power Systems, Inc.
Kohler Co.
Cummins Inc.
Caterpillar
Briggs & Stratton
Eaton
Schneider Electric
ABB
Siemens
AEG Power Solutions
One Two Three Electric Co. Ltd
Global Power Supply, LLC.

Leading companies in the automatic transfer switch industry are placing emphasis on large-scale manufacturing and making significant investments in research and development. Their aim is to develop advanced protection and control technologies. Moreover, these companies are giving priority to the production of high-end customized products and expanding their manufacturing facilities to cater to the increasing demand for flexible product integration. These strategic initiatives play a vital role in shaping the competitive dynamics within the industry.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of Global Automatic Transfer Switch (ATS) amassed around USD 1.6 billion in 2023 and is estimated to reach over USD 2.6 billion by 2032, driven by high product adoption in industries and commercial establishments.

The open transition ATS units segment held over 55% revenue share in 2022 and is expected to reach over USD 1.4 billion in revenue by 2032, attributed to their ability to prevent in-rush current and their cost-effectiveness.

The Asia Pacific market is estimated to witness significant growth at over 5% CAGR through 2032, owing to the high demand for uninterrupted power supply across various industries to reduce operational downtime.

General Electric, Vertiv Group Corp, Generac Power Systems, Inc., Kohler Co., Cummins Inc., Caterpillar, Briggs & Stratton, Eaton, Schneider Electric, ABB, Siemens, AEG Power Solutions, One Two Three Electric Co. Ltd. and Global Power Supply, LLC. are some of the top firms in the market.