Static Transfer Switch Market - Forecast(2024 - 2030)

Report Code: AIR 0316 Report Format: PDF + Excel

Static Transfer Switch Market Overview

Static transfer switch (STS) is a solid-state soft loading transfer switch based on the silicon controlled rectifiers which is forecast to reach $1.5 billion by 2026 with a CAGR of 6.1% in the forecast period. The rising demand for uninterrupted power and adoption of smart grid technology across the globe is analyzed to drive the market in the forecast period. These switches are designed to transfer supply between independent one-phase and three-phase AC power sources. Unlike traditional automatic transfer switch (ATS), generator transfer switch and manual transfer switch, static transfer switch provides 20 times faster load transfer which ensures the uninterrupted operation of even the most sensitive electronic equipment. Moreover growing applications of static transfer switches across several industry verticals in analyzed to drive the Static transfer switch market size in the forecast period 2021-2026.

Static Transfer Switch Market Report Coverage

The report: “Static Transfer Switch Market report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Static transfer switch market

By Phase Type: Single Phase, Three Phase
By Operating Voltage: Low Voltage, Medium Voltage, High Voltage
By Ampere Rating: <500A, 501-1000A, 1001-2000A, 2001-3000A, 3001-5000A & Above
By Number of Poles: 1 Pole, 2 Pole, 3 Pole, 4 Pole
By End Use: Telecommunication, Automotive, Manufacturing, Information Technology, Power Plants, Commercial Buildings, R&D Labs, E Commerce, Industrial Parks, Others
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), South America(Brazil, Argentina and others), and RoW (Middle east and Africa)

Key Takeaways

  • STS is often employed synergistically with UPS and other power quality equipment types for applications in Data centers to typically isolate the critical load with dual-redundant UPS as the power sources.
  • APAC dominated global Static transfer switch market share of 35.1% in 2020. As the demand for electricity is rapidly rising, especially in emerging economies such as China, India.
  • The growing sophistication of IoT devices in the residential environment leading to the proliferation of smart homes and devices is augmenting the STS market demand in this sector.
  • Static transfer switch top 10 companies include Static transfer switch top 10 companies include ABB, Cummins, Honeywell, Emerson, Eaton, Generac, APC, Delta Electronics, Schneider, PDI Corp., Socomec, Vertiv among others.

Static Transfer Switch Market, By Geography, 2020

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Static Transfer Switch Market Segment Analysis - By Operating Voltage

A Medium Voltage Static Transfer Switch is growing at a CAGR of 7.6% in the forecast period. Medium Voltage Static Transfer Switch solid state unit which is capable of switching large amounts of power. This type of switching differs from the conventional method of mechanical switching in that the static transfer switch does not result in an open transition to the load; this prevents heavy in-rush currents resulting from transformers magnetizing, motor starting, Medium Voltage Static Transfer Switches (MVSTS) select between two independent sources of power and switch to provide uninterrupted power to the loads. Moreover, several companies have developed advanced static switches. Several other companies have been launching these switches with advanced features. Hence these advancements are analysed to drive the market in the forecast period 2021-2026.

Static Transfer Switch Market Segment Analysis - By Industry Vertical

Static transfer switches in Data Centers are growing at a CAGR of 7.4% in the forecast period. STS is often employed synergistically with UPS and other power quality equipment types for applications in Data centers to typically isolate the critical load with dual-redundant UPS as the power sources. Moreover, Investments made by data centers for expansions and others will drive the market in the forecast period. In 2019, Google has committed to invest more than $3.3 billion and $13 billion for the expansion of its presence in Europe and US region. In 2020, Vantage Data Center has acquired Etix Everywhere to kickstart its massive $2 billion expansion plan into Europe. Similarly, several other major data centers as Microsoft, Accenture and so on are planning to expand their presence in APAC, North America and other regions. As STS is used for critical power back up application in data centers, hence these investments are analyzed to drive the market in the forecast period 2021-2026.

Static Transfer Switch Market Segment Analysis - By Geography

APAC dominated global Static transfer switch market share of 35.1% in 2020. The demand for electricity is rapidly rising, especially in emerging economies such as China, India. Static Transfer switches are utilized for supplying back-up power critical applications in industries such as healthcare, telecommunication, and IT among others. Factors such as need for uninterrupted and reliable power, industrialization and urbanization are expected to drive the global transfer switch market. Moreover, investments made by companies in order to expand their presence in these countries also drive the market. In 2020, NTT has committed to invest more than $1.5 billion for the expansion of its presence in India. Similarly ABB has announced to expand its presence in China for robotic manufacturing. The Static transfer switch is used for power back up applications and so on. Hence these expansions are analyzed to drive the market in the forecast period 2021-2026.

Static Transfer Switch Market Drivers

Adoption of Smart grid technology

Smart grid technologies are revolutionizing the way electricity is being consumed. Industries are deploying smart grid meters to meet the regulations and mandates by legislative bodies. According to the US Smart Grid Investment Grant (SGIG) program, a total of 99 projects received federal financial assistance for 50% of eligible project costs. The EU has a goal of 80% of smart meter deployments by 2020. As a result, many European countries, such as the UK, Italy, and Sweden, have mandated smart meter rollouts. The Organization for Economic Co-operation and Development (OECD) countries, such as South Korea, New Zealand, and Canada, joined European countries in the deployment of smart grid infrastructure in their respective countries. As Static transfer switch is used for several application in smart grid technology, hence these adoptions are analyzed to drive the market in the forecast period 2020-2025.

Rapid Growth of the Static Transfer Switch due to IoT devices in smart homes

A static transfer switch offers seamless applications in the residential sector. The growing sophistication of IoT devices in the residential environment leading to the proliferation of smart homes and devices is augmenting the STS market demand in this sector. Moreover, the complete redundancy and exceptional reliability of these switches are used in the uninterrupted power supply of IoT devices. Therefore, IoT is a driving factor for the dominance of the static transfer switch market in the residential vertical.

Static Transfer Switch Market Challenges

Lack of Awareness

Although Static transfer switch is growing at a rapid phase, lack of awareness among developing regions and underdeveloped regions in MENA and other region and the need for regular maintenance could hamper the growth of transfer switch market in the forecast period 2021-2026.

Static Transfer Switch Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Static transfer switch market. In 2020, the market of Static transfer switch industry outlook has been fragmented by several companies. Static transfer switch top 10 companies include ABB, Cummins, Honeywell, Emerson, Eaton, Generac, APC, Delta Electronics, Schneider, PDI Corp., Socomec, Vertiv among others.

Acquisitions/Product Launches

  • In April 2021, Socomec strengthened power switching business in India with the launch of a new automatic Transfer swtich.
  • In July 2020, Schneider Electric partnered with Anord Mardix to develop new power distribution and management for organizations that are continuously looking for ways to do more in their data centers while driving down electricity use and costs. The two companies will combine Anord Mardix’s DataBar busway electrical distribution system, power distribution units (PDUs), and Static Transfer Switch (STS) with Schneider’s ExoStruxure IT data center architecture and platform.

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1. Static Transfer Switch Market Overview
2. Executive Summary
3. Static Transfer Switch Market Landscape
    3.1 Market Share Analysis
    3.2 Competitor Benchmarking
    3.3 End User Profiling
    3.4 Patent Analysis
    3.5 Financial Analysis
4. Static Transfer Switch Market Forces
    4.1 Drivers Analysis
    4.2 Market Constraints and Challenges
    4.3 Porter’s Analysis
        4.3.1 Bargaining Power of Suppliers
        4.3.2 Bargaining Power of Customers
        4.3.3 Threat of New entrants
        4.3.4 Threat of Substitution
        4.3.5 Degree of Competition
5. Static Transfer Switch Market – Strategic Analysis
    5.1 Value Chain Analysis
    5.2 Pricing Analysis
    5.3 Opportunity Analysis
    5.4 Market Life Cycle Analysis
6. Static Transfer Switch Market – By Phase Type
    6.1 Single Phase 
    6.2 Three Phase
7. Static Transfer Switch Market – By Operating Voltage
    7.1 Low Voltage 
    7.2 Medium Voltage
    7.3 High Voltage
8. Static Transfer Switch Market – By Ampere Rating
    8.1 <500A
    8.2 501-1000A
    8.3 1001-2000A
    8.4 2001-3000A
    8.5 3001-5000A & Above
9. Static Transfer Switch Market – By Number of Poles
    9.1 Pole
    9.2 Pole
    9.3 Pole
    9.4 Pole
10. Static Transfer Switch Market – By End Use
    10.1 Telecommunication
    10.2 Automotive
    10.3 Manufacturing
    10.4 Information Technology
    10.5 Power Plants
    10.6 Commercial Buildings
    10.7 R&D Labs
    10.8 E Commerce
    10.9 Industrial Parks
    10.10 Others
11. Static Transfer Switch Market - By Geography
    11.1 Introduction 
    11.2 Americas
        11.2.1 U.S.
        11.2.2 Canada
        11.2.3 Brazil
        11.2.4 Mexico
        11.2.5 Rest of Americas
    11.3 Europe
        11.3.1 U.K.
        11.3.2 Germany
        11.3.3 France
        11.3.4 Spain 
        11.3.5 Rest Of Europe
    11.4 APAC
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Rest of APAC
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12. Static Transfer Switch Market Entropy
13. Static Transfer Switch Market Company Profiles
    13.1 Company 1
    13.2 Company 2
    13.3 Company 3
    13.4 Company 4
    13.5 Company 5
    13.6 Company 6
    13.7 Company 7
    13.8 Company 8
    13.9 Company 9
    13.10 Company 10