Transfer Switch

  Transfer Switch Market Scope Transfer Switch Market is projected to be worth USD 2.02 billion by 2027, registering a CAGR of 6.40% during the forecast period (2021 - 2027). Top Boosters and Main Barriers Several reforms are underway that are promoting the use of sustainable energy sources instead of conventional generating technologies, which can mean lucrative future prospects for the transfer switch market. The industry’s notable turnaround in the past few years has been the result of the increasing investments in massive renewable capacity integration along with the significant boost received from numerous renewable energy targets set up by various countries in the UN Climate Change Conference that took place in 2015. The rapid surge in technological innovation and precision has been the outcome of the increasing industrial expenditure, stimulating the demand for a safe and reliable environment across different industries. Supportive government initiatives striving to ele