Transfer Switch Market: Global Industry Analysis and Forecast (2023-2029)

Transfer Switch Market was valued at US$ 1.50 Bn. in 2022. Global Transfer Switch Market size is expected to grow at a CAGR of 6.90 % through the forecast period.
Transfer Switch Market Overview:

A transfer switch is a switching device used to transfer electricity between two sources, often a backup generator and the mains power supply. A transfer switch is used to quickly and safely switch between normal and backup power sources for all electrical power required by the circuit, equipment, or systems connected to the switch's output. By connecting to temporary or supplemental generators, they allow homes, commercial buildings, and industrial facilities to make the most of their available resources.