Static Transfer Switch (STS) Market Expected to Grow at a CAGR of 7.3% | Latest Research by The Market Reports

The global Static Transfer Switch (STS) market was valued at US$ 594.3 million in 2019 and it is expected to reach US$ 978.5 million by the end of 2026, growing at a CAGR of 7.3% during 2021-2026.

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.

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.

Global Static Transfer Switch (STS) Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Static Transfer Switch (STS) Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are 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 and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-static-transfer-switch-sts-market-research-report

Segment by Type

  • Single-phase
  • Three-phases

The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.

Segment by Application

  • Industrial
  • Commercial
  • Residential

Static Transfer Switch was primarily used in the Commercial settings, with a market share close to 53% in 2018.

Table of Content:

1 Static Transfer Switch (STS) Market Overview

2 Static Transfer Switch (STS) Market Competition by Manufacturers

3 Static Transfer Switch (STS) Retrospective Market Scenario by Region

4 Global Static Transfer Switch (STS) Historic Market Analysis by Type

5 Global Static Transfer Switch (STS) Historic Market Analysis by Application

6 Key Companies Profiled

7 Static Transfer Switch (STS) Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Static Transfer Switch (STS) Market Dynamics

10 Global Static Transfer Switch (STS) Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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