Automatic Transfer Switches (Ats) Market Size to grow by USD 285.2 million between 2024-2028
According to a research report “ Automatic Transfer Switches (Ats) Market” by Type (Open transition, Closed transition, Static transfer switch, Others) End-user (Industrial, Commercial, Residential) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 285.2 million, at a CAGR of 6.78% during the forecast period. The global power grid infrastructure is facing significant challenges due to escalating energy demand, population growth, and aging infrastructure. This strain results in frequent power outages, which negatively impact both end-users and utility companies. Power interruptions, often caused by weather events, distribution station failures, load shedding, maintenance shutdowns, vandalism, and cyber-attacks, hinder business continuity and profitability for industries and businesses. Moreover, power outages exacerbate the disparity between power supply and demand. To mitigate these risks, there has been a surge in the adoption of automatic transfer switches (ATS) and backup power generators across the industrial, commercial, and residential sectors in both developed and developing countries. These solutions ensure uninterrupted power supply, enhancing business resilience and maintaining operational efficiency..
Browse market data tables, figures, and in-depth TOC on “Automatic Transfer Switches (Ats) Market” by Type (Open transition, Closed transition, Static transfer switch, Others) End-user (Industrial, Commercial, Residential) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Type, the Open transition segment is projected to dominate the market size in 2024
Automatic Transfer Switches (ATS) are essential components of an uninterrupted power supply system, enabling seamless transition between power sources during utility outages or system failures. The global ATS market is experiencing robust growth, driven by increasing demand for reliable power infrastructure in various industries, including healthcare, telecommunications, and data centers. Key players in this market include Eaton, Schneider Electric, and Siemens, who are investing in research and development to offer advanced solutions with improved efficiency and reliability.
By End-user, Industrial segment is expected to hold the largest market size for the year 2024
In the business context, the industrial sector encompasses process and discrete industries. A significant portion of industrial segment revenue is derived from process industries, including utilities, oil and gas, and pharmaceuticals. These industries rely heavily on a continuous power supply for their operations, with processes such as electricity generation and chemical reactions being particularly sensitive to power interruptions. Discrete industries, including automotive and healthcare, have also witnessed a surge in automatic transfer switch (ATS) adoption due to the necessity of uninterrupted power supply for critical machinery, such as HVAC systems and medical equipment. An unexpected power outage can halt manufacturing processes and lead to substantial operational costs, making ATS an indispensable investment for industries to maintain productivity and efficiency.
APAC is forecasted to hold the largest market size by region in 2024
Automatic Transfer Switches (ATS) are essential components of power infrastructure, ensuring seamless electrical load transition during power outages or system failures. The global ATS market is experiencing significant growth, driven by increasing demand for reliable power supply and advanced technological innovations. Key players are focusing on enhancing product efficiency, reliability, and integrating smart grid technologies to cater to evolving customer needs. The market is expected to continue its robust expansion in the coming years.
The Automatic Transfer Switches (Ats) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
Automatic Transfer Switches (ATS) have become an essential infrastructure in ensuring uninterrupted power supply to critical loads during utility power outages or voltage fluctuations. In healthcare facilities, data centers, manufacturing facilities, and commercial establishments, ATS plays a crucial role in maintaining the continuity of operations, especially during infrastructure projects, budget constraints, economic uncertainties, and other challenges. The installation of ATS systems can help mitigate the impact of project timelines, workforce limitations, travel restrictions, and lockdowns on critical infrastructure. However, the supply chain disruptions caused by these same challenges can pose a threat to the timely delivery of ATS components. Moreover, ATS systems provide backup power sources, such as battery systems and generators, to ensure uninterrupted power supply to critical loads during grid outages or fluctuations. These fluctuations can be caused by various factors, including urbanization, industrialization, and the increasing demand for power. Downtime caused by power supply disruptions can result in significant financial losses and reputational damage for businesses. Therefore, investing in ATS systems is a wise decision for any organization that relies on critical infrastructure, including healthcare facilities, data centers, and manufacturing facilities. In conclusion, Automatic Transfer Switches are an essential electrical device for ensuring the continuity of power supply to critical infrastructure during utility power outages, voltage fluctuations, and other challenges. ATS systems provide backup power sources and help mitigate the impact of project timelines, workforce limitations, travel restrictions, lockdowns, and supply chain disruptions on critical infrastructure.
Market Research Overview
The Automatic Transfer Switches (ATS) market is witnessing significant growth due to the increasing electricity demand caused by population growth and urbanization. The integration of renewable energy sources like solar panels into the power grid and the utilization of distributed energy resources are driving the need for load management and grid stability. ATS plays a crucial role in ensuring energy security and cost-effectiveness by seamlessly transferring electrical load from utility power to backup power sources during power grid instability caused by natural disasters, extreme weather events, or voltage fluctuations. Smart grid technologies, including solid-state devices and contactors, are increasingly being adopted to improve the efficiency and reliability of ATS. The Internet of Things (IoT) and smart technologies are enabling remote monitoring and control of critical loads, essential infrastructure, data centers, and manufacturing facilities. Budget constraints, economic uncertainties, project timelines, workforce limitations, and travel restrictions are some of the challenges facing the ATS market. In-rush current, voltages, and electrical currents are critical factors that need to be considered while designing and installing ATS. Critical loads, such as healthcare facilities, residential properties, and commercial establishments, require backup power sources to ensure uninterrupted power supply during grid outages or downtime. The market for ATS is expected to continue growing as the world moves towards digital connectivity, remote learning, and remote work.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/