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Mountain View, CA, United States, 2009/05/19 - The world static transfer switch (STS) markets have progressed at a consistent pace and exhibit significant potential for growth as enterprises pay more attention to power protection.
While demand fluctuations temporarily slowed the market at the beginning of the year, the need to provide continuous power supply to critical applications will sustain and uplift prospects for STS deployment. This need for continuous power is coupled with increasing demand from developing regions such as Asia and Latin America, along with the solid customer base in the traditional North American and European markets.
The following are findings from the analysis:
• The market earned revenues of over $182.1 million in 2008, with a growth rate of 11.9 percent.
• Until non-residential construction recovers its past levels, demand for power quality and backup power equipment is projected to stem mainly from existing buildings.
• Initiatives must be underway to heighten awareness of the STS market and highlight existing advancements.
• STS market participants must target critical end-user sectors including healthcare, datacenters, military, and government among others to ensure forward market progression.
From the Analyst
"Restarting datacenter construction projects that were on the back burner during 2008 will be the main driver for new STS unit uptake," says Frost & Sullivan Research Analyst Santiago Sueiro. "Datacenters comprise the major end-user segment for STSs, accounting for nearly 55 percent of global sales."
"Market participants must constantly strive toward designing and manufacturing quality equipment with added features and performance capabilities to meet end users’ needs and requirements," explains Sueiro. "Conducting regular analysis of the target end-user segments is a prerequisite for manufacturers to derive the cutting edge in a mature or emerging market."
About Frost & Sullivan
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