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Transfer Switch Market Share

Report ID: GMI2037
Published Date: Dec 2024
Report Format: PDF

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Transfer Switch Market Share

Transfer Switch Company Market Share Analysis, 2024

ABB holds a significant market share in the transfer switch industry, driven by its extensive product portfolio and strong market presence. Its leadership stems from advanced technologies, reliable solutions for industrial and commercial sectors, and strategic partnerships in power systems. The company’s global footprint and continuous innovation help maintain its dominant position.

Transfer Switch Market Companies

Major players operating in the transfer switch industry are:

ABB
AEG Power Solutions
Briggs & Stratton
Caterpillar
Cummins
Eaton
General Electric
Generac Power Systems
Kohler
Midwest Electric Products
One Two Three Electric
Schneider Electric
Siemens
Vertiv Group

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for transfer switch was reached USD 2.6 billion in 2024 and is estimated to grow at a 6% CAGR from 2025 to 2034, driven by the rising adoption of renewable energy sources and increasing investments in grid infrastructure.

The automatic operation segment is projected to surpass USD 2.9 billion by 2034, propelled by the demand for seamless and efficient power management solutions.

The circuit breaker switching mechanism segment is expected to experience a 6.5% growth rate until 2034, led by increasing demand for efficient power management systems.

The U.S. transfer switch market is likely to exceed USD 800 million by 2034, owing to increasing reliance on backup power systems due to rising power outages and extreme weather events.

Major players in the transfer switch industry include ABB, AEG Power Solutions, Briggs & Stratton, Caterpillar, Cummins, Eaton, General Electric, Generac Power Systems, Kohler, Midwest Electric Products, One Two Three Electric, Schneider Electric, Siemens, and Vertiv Group.