According to a new report, published by KBV research, The Global Automatic Transfer Switch Market size is expected to reach $1.5 billion by 2030, rising at a market growth of 10.2% CAGR during the forecast period.
The Open segment is experiencing a CAGR of 10.5% during (2023 - 2030). Open transition mode uses a break-before-make method, which means ATS will disconnect from the power source they were using before connecting to a new one (grid or generator). This technology cuts off all power for a short time, but within seconds, an uninterrupted connection is made. There are a lot of small companies that use open-transition switches because they don't mind a two-second delay. These are among the most prevalent because they are so simple and tend to be very effective.
The Contactor segment is leading the Global Automatic Transfer Switch Market by Switching Mechanism in 2022; thereby, achieving a market value of $1.3 billion by 2030. Contractors can effectively manage high electrical currents and voltages, enabling them to transfer power in various environments, including residential dwellings and industrial facilities. Also, compared to other options like mechanical switches or solid-state devices, contactors are simple to set up and keep up. They are easy to wire and can be added to electrical systems that are already in place without making many changes.
The Commercial segment is registering a CAGR of 10.5% during (2023 - 2030). Many businesses try to avoid having any downtime at all costs. When the primary power grid goes down, they depend on backup power sources like commercial generators to keep them running. With a commercial transfer switch, the business can automatically move from one power source to another. Automatic transfer switches are used in many places, like movie theatres, shopping malls, office buildings, airports, and more, to protect against power outages and other emergencies that could stop electrical equipment like computers, refrigerators, phones, and more from working.
The Asia Pacific region dominated the Global Automatic Transfer Switch Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $575 Million by 2030. The Europe region is anticipating a CAGR of 9.8% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 9.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/automatic-transfer-switch-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
