- The key vendors in the Global Transfer Switches Market 2014-2018 are Emerson Electric Company, GE Co. and Socomec SAS.
London, 18 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Transfer Switches Market 2014-2018. A major trend in the market is the increase in the usage of integrated systems. Many vendors use transfer switches along with power distribution units, resulting in increased space saving. Apart from saving space, such integrated systems reduce installation time and cost as traditional systems have a large number of interconnected components leading to unwanted complexity. The Global Transfer Switches market is set to grow at a CAGR of 6.44 percent during 2013-2018.
“The adoption of these green technologies to charge UPS systems is preferred to conventional methods because several industries are focusing on green environmental measures,” says Faisal Ghaus, Vice President of TechNavio Research.
“Next-generation UPS technology also enables discharging of energy back to the source when the UPS system is idle. The increase in the usage of next-generation UPS systems has resulted in an increase in demand for specific transfer switches.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
