Global Static Transfer Switch (STS) Market Insights and Forecast to 2027

A static transfer switch uses power semiconductors such as Silicon-controlled rectifiers (SCRs) to transfer a load between two sources. Because there are no mechanical moving parts, the transfer can be completed rapidly, perhaps within a quarter-cycle of the power frequency.
ABB was the global largest manufacturer in the Static Transfer Switch market, accounted for maximal market share of 17% in the global market, followed by Eaton, Schneider Electric, DELTA, L3Harris Technologies, Vertiv Group, Piller Group, Socomec Group, Inform UPS, Mitsubishi Electric, AEG Power Solutions, LayerZero Power Systems, Power Distribution, and Godgoal. Top 5 companies took up a combined market share of 61% of the world total. North America held the largest market share close to 37%, followed by Europe of 34.03% in 2018. Rapid industrialization is driving the market growth of this industry.

Market Analysis and Insights: Global Static Transfer Switch (STS) Market
The global Static Transfer Switch (STS) market is valued at US$ 594.3 million in 2019. The market size will reach US$ 978.5 million by the end of 2026, growing at a CAGR of 7.3% during 2021-2026.

Global Static Transfer Switch (STS) Scope and Segment
Static Transfer Switch (STS) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Static Transfer Switch (STS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Single-phase
Three-phases
The Three-phases was the largest segment of Static Transfer Switch, which accounted for a market share close to 57% in 2018.

Segment by Application
Industrial
Commercial
Residential
Static Transfer Switch was primarily used in the Commercial settings, with a market share close to 53% in 2018.

By Company
ABB
Eaton
Schneider Electric
DELTA
L3Harris Technologies
Vertiv Group
Piller Group
Socomec Group
Inform UPS
Mitsubishi Electric
AEG Power Solutions
LayerZero Power Systems
Power Distribution
Godgoal

Production by Region
North America
Europe
China
Japan
Southeast Asia

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E