Static Transfer Switch: A Global Strategic Business Report
San Jose, California (PRWEB) February 9, 2010
Rapid industrialization and the growing demand for reliable power supply from various industrial sectors are expected to boost sales in the global static transfer switch (STS) market. With majority of the developing countries suffering from sub-standard quality of power supply, there exists huge potential for deployment of critical power solutions in the region. Developing countries of Asia-Pacific and Latin America are witnessing robust industrial growth, thereby enhancing the need for sustained power supply.
Growth in the static transfer switch (STS) market is also driven by the need to provide reliable power supply to businesses and industries. With majority of the verticals using information technology (IT), power failures could prove detrimental for such businesses. The inability of existing utility grids to ensure continuous power supply to various sectors has prompted companies to use reliable backup power. In this regard, static transfer switches form an integral part of any such reliable power supply as it facilitates instantaneous transfer of load between the preferred source and the backup supply.
North America and Europe dominate the global STS market, as stated by the new market research report on static transfer switch (STS) market. North American STS market is witnessing continuous growth fuelled by the increased awareness and need for continuous and reliable power source. Asia-Pacific and Latin America present vast growth opportunities due to the fast-paced industrialization, extensive use of IT in various industries, and expansion in data centers.
The Low Voltage STS (voltage < 600V) low voltage STS segment represents a major product category. Long-term sales in the segment are expected to emerge from investments in new facilities including data centers, power plants and commercial buildings, following the economic recovery. In addition, opportunities from emerging markets of Asia-Pacific and Latin America exist due to the proposed investments in large data centers.
The global STS market is witnessing intense competition with factors such as price, product design, technology, and service playing a key role in determining the competitive strengths of players. Key players profiled in the report include ABB Group, Eaton Corporation, GE Industrial Systems Inc., L-3 Power Paragon, Liebert Corporation, Mitsubishi Electric Corporation, Piller Group GmbH, Power Distribution Inc., Powerlink Corporation, Satcon Technology Corporation, Silicon Power Corporation, Socomec Group, S&C Electric Company, and Thomas & Betts Power Solutions.
The report titled "Static Transfer Switch: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, competitive scenario, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including North America, Europe, Asia-Pacific, and Rest of World by the following segments - Low Voltage STS and Medium Voltage STS.
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