According to Stratistics MRC, the Global Open Transition Automatic Transfer Switch Market is accounted for $955 million in 2023 and is expected to reach $1,484.06 million by 2030 growing at a CAGR of 6.50% during the forecast period.
An Open Transition Automatic Transfer Switch (ATS) is a critical component in power management systems, commonly used in applications where uninterrupted power supply is essential. This type of ATS facilitates the seamless transfer of electrical power sources from a primary to a secondary or backup power supply during instances of power outages or fluctuations. Unlike a closed transition ATS, which momentarily connects both power sources during transfer, an open transition ATS briefly interrupts power supply during the switchover process.
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The Asia Pacific region has seen significant growth due to rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations, which have led to increased demand for reliable power solutions, driving the adoption of ATS systems. Additionally, government initiatives promoting infrastructure development and investments in smart grid technologies have further propelled market growth. Moreover, the growing awareness among businesses about the importance of uninterrupted power supply for critical operations has fueled the uptake of ATS solutions in various sectors such as healthcare, IT, telecommunications, and manufacturing.
Some of the key players in Open Transition Automatic Transfer Switch market include ABB, Briggs & Stratton, Caterpillar, Cummins Inc., Eaton, Generac Power Systems, Inc., Global Power Supply, LLC., General Electric, Kohler Co., One Two Three Electric Co., Ltd., PSI Power & Controls, Schneider Electric, Siemens and Vertiv Group Corp.
Key Developments:
In April 2024, Caterpillar has announced the introduction of the Cat DG450 compact natural gas generator set, a new 450 kW ultra-low NOx power solution specifically configured for non-emergency applications in non-attainment areas designated by the U.S. Environmental Protection Agency (EPA).
In March 2024, Kohler Co. returns to Salone del Mobile, 2024 with a breathtaking presentation of the rich design palette across its brands Kohler, Kallista, Kast and Klafs. This year, Kohler has partnered with global design studio Yabu Pushelberg to create an environment that transcends the ordinary, inviting visitors on a captivating journey where art, design, technology and wellbeing intersect.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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