The Europe Automatic Transfer Switch Market would witness market growth of 9.8% CAGR during the forecast period (2023-2030).
Several variables, such as the growth in the power and transmission industries, the favourable policies of the government, and the increasing number of reforms pertaining to the integration of renewable energy, are driving the market. Energy outages, frequent blackouts, unpredictability of the weather, and voltage fluctuations all contribute to the expansion of the market. Government regulations that mandate installation permits are one way that influence expansion. Reforms pertaining to the integration of renewable energy, such as the EU's amended 2009/28/EC directive, have also helped the market. However, the market expansion for automatic transfer switches is hampered by high prices, difficult technical requirements, cybersecurity issues, and maintenance and servicing expenses.
The residential sector has a high adoption rate of automated transfer switches, which provide consistent power supply and advanced, user-friendly features, presenting growth opportunities. The demand for current infrastructure to be renovated in developed economies, along with an increase in real estate investments, may also help to increase the market share of these switches. Advanced control algorithms and digital twin technologies can further optimize the functioning of ATS systems, enhancing their resilience and effectiveness.
The need for ATS solutions in Europe has grown because of growing worries about grid reliability, extreme weather conditions, and the need to maintain power in essential applications. The market is growing because of many things, such as the need for better protection for electrical systems, a greater focus on safety, and the addition of smart technology for better control and tracking. Europe must ensure they always have power, so circuit breaker-based transfer switches have become the best option. In the region, more and more people, both residential and commercial, are realizing how important backup power systems are for keeping critical processes running when the power goes out. Thus, it shows that the European region is far ahead in using these switches in the existing electrical infrastructure, and still, it is a growing market.
The Germany market dominated the Europe Automatic Transfer Switch Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $92.3 Million by 2030. The UK market is showcasing a CAGR of 8.8% during (2023 - 2030). Additionally, The France market would register a CAGR of 10.6% during (2023 - 2030).
Based on Switching Mechanism, the market is segmented into Contactor, and Circuit. Based on End-Use, the market is segmented into Residential, Commercial, Industrial. Based on Transition Mode, the market is segmented into Closed, Soft Load, Open, and Delayed. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automatic Transfer Switch Market will Hit $1.5 Billion by 2030, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric Company, Siemens AG, Generac Holdings, Inc., ABB LTD., Kohler Co., Schneider Electric SE, Caterpillar, Inc., Cummins, Inc., Eaton Corporation PLC, Vertiv Holdings Co.
By Switching Mechanism
By End-Use
By Transition Mode
By Country
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