Tuesday 22 March 2016, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Transfer Switch Market: ABB, Cummins, Eaton, Emerson Electric, and General Electric.
Other Prominent Vendors in the market are: Camsco Electric, Generac, Kohler, Mitsubishi Electric, MTS Power Products, Russelectric, Schneider Electric, Lex Products, Caterpillar, and Dynagen Technologies.
Commenting on the report, an analyst said: "Transfer switches are employed in charging stations for EVs. With the rise in production of EVs and HEVs, we expect an increased construction of these charging stations, which will drive the demand for transfer switches."
According to the report, the market is driven by the demand for transfer switches from data centers, telecom power systems, and healthcare facilities. The telecom industry is a major end-user of transfer switches. The telecom companies aim at ensuring continuous service to the customers, for which the telecom towers are required to have a constant and sufficient access to power supply. Therefore, this sector offers significant potential for market growth of transfer switches.
Further, the report states that fluctuating prices of raw materials have become a major concern for vendors as these hamper their plans while forecasting demand and developing and executing manufacturing plans and inventory management. Such fluctuations can also result in reduced profit margins for vendors
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
ASDReports.com Media contact: S. Koopman -
Marketing and Communications
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216 - E : firstname.lastname@example.org
back to News