Market News Today Manual Transfer Switches Market | Page 2

Growth factors for market include inclement weather conditions, diverse industrial applications,
infrastructure growth and mandatory need for regulated and uninterrupted power supply conditions.
One source is regulating power needs which avoid any duality in power supply configurations thus
avoiding gross neglect and the other factor favoring growth of manual transfer switches industry is
reduced cable clutter with essential savings in time and money.
The global markets are witnessing huge market expansion with power sector gaining investments
from the government. France. Canada and Mexico are fastest growing countries in expanding manual
transfer switches market espousing growth over the next five years. Segmentation of manual transfer
switches market by type includes panel mounted and din rail mounted.
Segmentation of manual transfer switches market by application includes Industrial, commercial and
others. Segmentation of market by geographical region includes North America, Europe, Asia pacific,
MEA and Latin America. Asia pacific is very attractive market in the long run due to its diverse
industrial spread across all regions including India and China and with competitive forces aligning
themselves for better growth in market. There are several blackouts, burnouts, significant power
outages and power shedding which is a growth factor for manual transfer switches market.
North America and Europe are close to market leaders India and China with countries US, UK and
Germany as major countries falling in this region. The key industrial players in the manual transfer
switches market include Eaton, Siemens, Socomec, Honeywell, Panasonic, NKK Switches, Cherry,
Steadypower, and Vertiv.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Manual Bearing Puller in these regions,
from 2012 to 2022 (forecast), covering
• North America
• Europe
• China