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Europe Transfer Switch Market Share

Report ID: GMI7157
Published Date: Oct 2023
Report Format: PDF

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Europe Transfer Switch Market Share

Major players like General Electric and Schneider Electric have prominently held a significant market share. These industry giants are known for their innovative and dependable transfer switch solutions, catering to diverse applications across residential, commercial, and industrial sectors. Their extensive product portfolios established quality standards, and well-developed distribution networks have solidified their leadership positions. Furthermore, they remain at the forefront of adapting to emerging technologies and evolving customer needs, reinforcing their continued dominance in the European transfer switch market.

The major contenders in the Europe transfer switch industry 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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of transfer switch in Europe was worth USD 654 million in 2023 and is anticipated to reach USD 1.16 billion by 2032.

Automatic transfer switches segment share in Europe exceeded 65% in 2022 and is expected to witness over 5.5% CAGR from 2023 to 2032, attributed to their operational flexibility and the capability to sense frequencies, ensuring reliable power transfers.

Germany transfer switch market valuation crossed USD 100 million in 2022 and is projected to surpass USD 170 million by 2032, owing to the increasing emphasis on energy efficiency and grid stability in the country.

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