An automatic transfer switch (ATS) is an electrical device used to automatically transfer loads (such as buildings or critical systems) between two or more power sources (usually the power grid and a backup generator).
According to the latest report published by Allied Market Research, the automatic transfer switch market will be worth US$700 million in 2022 and is expected to reach US$1.8 billion by 2032, growing at a compound annual growth rate of 10.1% from 2023 to 2032.
An automatic transfer switch (ATS) is an electrical device used to automatically switch power between two sources to provide uninterrupted power to loads such as buildings, structures, or equipment. These two power supplies typically consist of a primary power source (usually the utility) and a backup power source (such as a generator or standby power supply).
In terms of revenue, Asia Pacific will hold the highest market share in 2022, accounting for nearly two-fifths of the global automatic switch market revenue and is likely to dominate the market during the forecast period.
The PBX industry in the Asia-Pacific region has enormous growth potential. Rapid industrial growth in emerging markets such as India, China and Southeast Asian countries will increase demand for ATS. Increasing investments in renewable energy are expected to provide opportunities for the automatic transfer switch market in Asia Pacific during the forecast period.
Competitive analysis and profiles of key Automatic Transfer Switch market players such as ABB Ltd., Cummins Inc., Eaton Corporation, Kohler, Generac Power Systems, General Electric, Schneider Electric, Siemens, Vertiv Group, Inc. and Caterpillar.
Automatic transfer switches are often used in mission-critical applications where even a momentary power outage can have serious consequences, such as data centers, hospitals, telecommunications facilities, and emergency response centers.
ATS improves distribution system reliability and helps maintain service continuity during electrical disturbances or faults. Automatic transfer switches can provide power between backup generators, bringing convenience and safety to the industry. As the demand for electricity increases, so does the use of these devices.
The ATS monitors the voltage or frequency of both power sources and, in the event of a shutdown or significant deviation from the required parameters, quickly and automatically switches the load from the main power source to the backup one. This seamless transition ensures continuous power supply to the connected loads without any interruption.
The growth of the automatic transfer switch market is expected to be constrained by high costs and technological complexity, including components, manufacturing technologies, and integration of alternative technologies such as energy storage systems and Internet of Things sensors.
Cybersecurity concerns and higher maintenance costs are also expected, as ATS systems are vulnerable to hacker attacks and require expertise and component replacement.
Depending on the switching mechanism, the contactor segment will hold the largest market share in 2022 and contribute more than half of the global revenue in the automatic transfer switch market. The rapid expansion of the industrial sector, including manufacturing plants, has created a great demand for ATCs for the proper operation of high-pressure processes.
Based on switching mechanism, the market is segmented into contactors and circuits. Based on the transition mode, it is divided into soft load, off, delay and on. Depending on the end use, they can be classified into residential, commercial and industrial.
According to the transition model, the indoor segment will hold the largest market share in 2022, accounting for more than one-third of the global market revenue, and is expected to maintain its leading position throughout the forecast period of the automatic transfer switch market.
By end use, the residential sector will hold the largest market share in 2022, accounting for nearly half of the global automatic switch market revenue, and is expected to maintain its leading position throughout the forecast period. This is mainly due to the increasing use of consumer electronics for various comfort levels, resulting in the need for smooth operation of power and control flows.
The automatic transfer transfer (ATS) market is witnessing strong growth due to the growing demand for uninterruptible power solutions in mission-critical industries such as healthcare, data centers and telecommunications.
Post time: Jun-26-2024
