Static transfer switch (STS) is a solid-state switch based on the silicon controlled rectifier device which is forecast to reach $1.9 billion by 2025 with a CAGR of 7.1% in the forecast period. Rising demand for uninterrupted power and adoption of smart grid technology across the globe is analyzed to drive the market in the forecast period. These switches are designed to transfer supply between independent one-phase and three-phase AC power sources. Unlike traditional automatic transfer switches (ATS) and manual transfer switches, static transfer switches provide 20 times faster load transfer which ensures the uninterrupted operation of even the most sensitive electronic equipment. Moreover growing applications of static transfer switches across several industry verticals in analyzed to drive the Static transfer switch market size in the forecast period 2020-2025.

Key Takeaways

STS is often employed synergistically with UPS and other power quality equipment types for applications in Data centers to typically isolate the critical load with dual-redundant UPS as the power sources.
APAC dominated global Static transfer switch market share of 36% in 2019 as the demand for electricity is rapidly rising, especially in emerging economies such as China, India. 
The growing sophistication of IoT devices in the residential environment is leading to the proliferation of smart homes and devices and this is augmenting the STS market demand in this sector. 
Static transfer switch top 10 companies include Static transfer switch top 10 companies include ABB, Cummins, Honeywell, Emerson, Eaton, Generac, APC, Delta Electronics, Schneider, PDI Corp., Socomec, Vertiv among others 

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Drivers – Static Transfer Switch Market

Adoption of Smart grid technology
Rapid Growth of the Static Transfer Switch due to IoT devices in smart homes

Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Static transfer switch market. In 2019, the market of Static transfer switch industry outlook has been fragmented by several companies.   Static transfer switch top 10 companies include ABB, Cummins, Honeywell, Emerson, Eaton, Generac, APC, Delta Electronics, Schneider, PDI Corp., Socomec, Vertiv among others.

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