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Product Code QY0913015488SZI
Published Date 2024/7/5
QY Research
English156 PagesGlobal

Global Static Transfer Switch (STS) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030 ‐ ElectricComponents_Semiconductor Market


Report Thumbnail
Product Code QY0913015488SZI◆The Jul 2025 edition is also likely available. We will check with the publisher immediately.
Published Date 2024/7/5
QY Research
English 156 PagesGlobal

Global Static Transfer Switch (STS) Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2024-2030 ‐ ElectricComponents_Semiconductor Market


Abstract

Summary

A static transfer switch uses power semiconductors such as Silicon-controlled rectifiers (SCRs) to transfer a load between two sources. Because there are no mechanical moving parts, the transfer can be completed rapidly, perhaps within a quarter-cycle of the power frequency.
The global Static Transfer Switch (STS) market is projected to reach US$ 1133.2 million by 2030 from an estimated US$ 742.5 million in 2024, at a CAGR of 7.3% during 2024 and 2030.
ABB was the global largest manufacturer in the Static Transfer Switch market, accounted for maximal market share of 17% in the global market, followed by Eaton, Schneider Electric, DELTA, L3Harris Technologies, Vertiv Group, Piller Group, Socomec Group, Inform UPS, Mitsubishi Electric, AEG Power Solutions, LayerZero Power Systems, Power Distribution, and Godgoal. Top 5 companies took up a combined market share of 61% of the world total. North America held the largest market share close to 37%, followed by Europe of 34.03% in 2018. Rapid industrialization is driving the market growth of this industry.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Static Transfer Switch (STS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Static Transfer Switch (STS).
The Static Transfer Switch (STS) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Static Transfer Switch (STS) market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Static Transfer Switch (STS) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and regions.
Market Segmentation
By Company
ABB
Eaton
Schneider Electric
DELTA
L3Harris Technologies
Vertiv Group
Piller Group
Socomec Group
Inform UPS
Mitsubishi Electric
AEG Power Solutions
LayerZero Power Systems
Power Distribution
Godgoal
Segment by Type
Single-phase
Three-phases
Segment by Application
Industrial
Commercial
Residential
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Sales (consumption), revenue of Static Transfer Switch (STS) in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 3: Detailed analysis of Static Transfer Switch (STS) manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Static Transfer Switch (STS) sales, revenue, price, gross margin, sales by region, by Type, by Application, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: APAC by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 11: Middle East and Africa by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 14: Research Findings and Conclusion.

Table of Contents

  • 1 Study Coverage

    • 1.1 Static Transfer Switch (STS) Product Introduction
    • 1.2 Market by Type
      • 1.2.1 Global Static Transfer Switch (STS) Market Size Growth Rate by Type (2019 VS 2023 VS 2030)
      • 1.2.2 Single-phase
      • 1.2.3 Three-phases
    • 1.3 Market by Application
      • 1.3.1 Global Static Transfer Switch (STS) Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
      • 1.3.2 Industrial
      • 1.3.3 Commercial
      • 1.3.4 Residential
    • 1.4 Study Objectives
    • 1.5 Years Considered

  • 2 Executive Summary

    • 2.1 Global Static Transfer Switch (STS) Market Size Estimates and Forecasts
      • 2.1.1 Global Static Transfer Switch (STS) Revenue 2019-2030
      • 2.1.2 Global Static Transfer Switch (STS) Sales 2019-2030
    • 2.2 Static Transfer Switch (STS) Market Size by Region: 2023 Versus 2030
    • 2.3 Static Transfer Switch (STS) Sales by Region (2019-2030)
      • 2.3.1 Global Static Transfer Switch (STS) Sales by Region: 2019-2024
      • 2.3.2 Global Static Transfer Switch (STS) Sales Forecast by Region (2025-2030)
      • 2.3.3 Global Static Transfer Switch (STS) Sales Market Share by Region (2019-2030)
    • 2.4 Static Transfer Switch (STS) Market Estimates and Projections by Region (2025-2030)
      • 2.4.1 Global Static Transfer Switch (STS) Revenue by Region: 2019-2024
      • 2.4.2 Global Static Transfer Switch (STS) Revenue Forecast by Region (2025-2030)
      • 2.4.3 Global Static Transfer Switch (STS) Revenue Market Share by Region (2019-2030)

  • 3 Global Static Transfer Switch (STS) by Manufacturers

    • 3.1 Global Top Static Transfer Switch (STS) Manufacturers by Sales
      • 3.1.1 Global Static Transfer Switch (STS) Sales by Manufacturer (2019-2024)
      • 3.1.2 Global Static Transfer Switch (STS) Sales Market Share by Manufacturer (2019-2024)
    • 3.2 Global Top Static Transfer Switch (STS) Manufacturers by Revenue
      • 3.2.1 Global Static Transfer Switch (STS) Revenue by Manufacturer (2019-2024)
      • 3.2.2 Global Static Transfer Switch (STS) Revenue Share by Manufacturer (2019-2024)
    • 3.3 Global Static Transfer Switch (STS) Price by Manufacturer (2019-2024)
    • 3.4 Competitive Landscape
      • 3.4.1 Key Static Transfer Switch (STS) Manufacturers Covered: Ranking by Revenue
      • 3.4.2 Global Static Transfer Switch (STS) Market Concentration Ratio (CR5 and HHI) & (2019-2024)
      • 3.4.3 Global Static Transfer Switch (STS) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
    • 3.5 Global Static Transfer Switch (STS) Manufacturing Base Distribution, Product Type
      • 3.5.1 Static Transfer Switch (STS) Manufacturers Manufacturing Base Distribution, Headquarters
      • 3.5.2 Manufacturers Static Transfer Switch (STS) Product Type
      • 3.5.3 Date of International Manufacturers Enter into Static Transfer Switch (STS) Market
    • 3.6 Manufacturers Mergers & Acquisitions, Expansion Plans

  • 4 Company Profiles

    • 4.1 ABB
      • 4.1.1 ABB Company Information
      • 4.1.2 ABB Description, Business Overview
      • 4.1.3 ABB Static Transfer Switch (STS) Products Offered
      • 4.1.4 ABB Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.1.5 ABB Static Transfer Switch (STS) Sales by Product in 2023
      • 4.1.6 ABB Static Transfer Switch (STS) Sales by Application in 2023
      • 4.1.7 ABB Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.1.8 ABB Recent Developments
    • 4.2 Eaton
      • 4.2.1 Eaton Company Information
      • 4.2.2 Eaton Description, Business Overview
      • 4.2.3 Eaton Static Transfer Switch (STS) Products Offered
      • 4.2.4 Eaton Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.2.5 Eaton Static Transfer Switch (STS) Sales by Product in 2023
      • 4.2.6 Eaton Static Transfer Switch (STS) Sales by Application in 2023
      • 4.2.7 Eaton Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.2.8 Eaton Recent Developments
    • 4.3 Schneider Electric
      • 4.3.1 Schneider Electric Company Information
      • 4.3.2 Schneider Electric Description, Business Overview
      • 4.3.3 Schneider Electric Static Transfer Switch (STS) Products Offered
      • 4.3.4 Schneider Electric Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.3.5 Schneider Electric Static Transfer Switch (STS) Sales by Product in 2023
      • 4.3.6 Schneider Electric Static Transfer Switch (STS) Sales by Application in 2023
      • 4.3.7 Schneider Electric Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.3.8 Schneider Electric Recent Developments
    • 4.4 DELTA
      • 4.4.1 DELTA Company Information
      • 4.4.2 DELTA Description, Business Overview
      • 4.4.3 DELTA Static Transfer Switch (STS) Products Offered
      • 4.4.4 DELTA Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.4.5 DELTA Static Transfer Switch (STS) Sales by Product in 2023
      • 4.4.6 DELTA Static Transfer Switch (STS) Sales by Application in 2023
      • 4.4.7 DELTA Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.4.8 DELTA Recent Developments
    • 4.5 L3Harris Technologies
      • 4.5.1 L3Harris Technologies Company Information
      • 4.5.2 L3Harris Technologies Description, Business Overview
      • 4.5.3 L3Harris Technologies Static Transfer Switch (STS) Products Offered
      • 4.5.4 L3Harris Technologies Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.5.5 L3Harris Technologies Static Transfer Switch (STS) Sales by Product in 2023
      • 4.5.6 L3Harris Technologies Static Transfer Switch (STS) Sales by Application in 2023
      • 4.5.7 L3Harris Technologies Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.5.8 L3Harris Technologies Recent Developments
    • 4.6 Vertiv Group
      • 4.6.1 Vertiv Group Company Information
      • 4.6.2 Vertiv Group Description, Business Overview
      • 4.6.3 Vertiv Group Static Transfer Switch (STS) Products Offered
      • 4.6.4 Vertiv Group Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.6.5 Vertiv Group Static Transfer Switch (STS) Sales by Product in 2023
      • 4.6.6 Vertiv Group Static Transfer Switch (STS) Sales by Application in 2023
      • 4.6.7 Vertiv Group Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.6.8 Vertiv Group Recent Development
    • 4.7 Piller Group
      • 4.7.1 Piller Group Company Information
      • 4.7.2 Piller Group Description, Business Overview
      • 4.7.3 Piller Group Static Transfer Switch (STS) Products Offered
      • 4.7.4 Piller Group Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.7.5 Piller Group Static Transfer Switch (STS) Sales by Product in 2023
      • 4.7.6 Piller Group Static Transfer Switch (STS) Sales by Application in 2023
      • 4.7.7 Piller Group Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.7.8 Piller Group Recent Development
    • 4.8 Socomec Group
      • 4.8.1 Socomec Group Company Information
      • 4.8.2 Socomec Group Description, Business Overview
      • 4.8.3 Socomec Group Static Transfer Switch (STS) Products Offered
      • 4.8.4 Socomec Group Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.8.5 Socomec Group Static Transfer Switch (STS) Sales by Product in 2023
      • 4.8.6 Socomec Group Static Transfer Switch (STS) Sales by Application in 2023
      • 4.8.7 Socomec Group Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.8.8 Socomec Group Recent Development
    • 4.9 Inform UPS
      • 4.9.1 Inform UPS Company Information
      • 4.9.2 Inform UPS Description, Business Overview
      • 4.9.3 Inform UPS Static Transfer Switch (STS) Products Offered
      • 4.9.4 Inform UPS Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.9.5 Inform UPS Static Transfer Switch (STS) Sales by Product in 2023
      • 4.9.6 Inform UPS Static Transfer Switch (STS) Sales by Application in 2023
      • 4.9.7 Inform UPS Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.9.8 Inform UPS Recent Development
    • 4.10 Mitsubishi Electric
      • 4.10.1 Mitsubishi Electric Company Information
      • 4.10.2 Mitsubishi Electric Description, Business Overview
      • 4.10.3 Mitsubishi Electric Static Transfer Switch (STS) Products Offered
      • 4.10.4 Mitsubishi Electric Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.10.5 Mitsubishi Electric Static Transfer Switch (STS) Sales by Product in 2023
      • 4.10.6 Mitsubishi Electric Static Transfer Switch (STS) Sales by Application in 2023
      • 4.10.7 Mitsubishi Electric Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.10.8 Mitsubishi Electric Recent Development
    • 4.11 AEG Power Solutions
      • 4.11.1 AEG Power Solutions Company Information
      • 4.11.2 AEG Power Solutions Description, Business Overview
      • 4.11.3 AEG Power Solutions Static Transfer Switch (STS) Products Offered
      • 4.11.4 AEG Power Solutions Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.11.5 AEG Power Solutions Static Transfer Switch (STS) Sales by Product in 2023
      • 4.11.6 AEG Power Solutions Static Transfer Switch (STS) Sales by Application in 2023
      • 4.11.7 AEG Power Solutions Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.11.8 AEG Power Solutions Recent Development
    • 4.12 LayerZero Power Systems
      • 4.12.1 LayerZero Power Systems Company Information
      • 4.12.2 LayerZero Power Systems Description, Business Overview
      • 4.12.3 LayerZero Power Systems Static Transfer Switch (STS) Products Offered
      • 4.12.4 LayerZero Power Systems Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.12.5 LayerZero Power Systems Static Transfer Switch (STS) Sales by Product in 2023
      • 4.12.6 LayerZero Power Systems Static Transfer Switch (STS) Sales by Application in 2023
      • 4.12.7 LayerZero Power Systems Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.12.8 LayerZero Power Systems Recent Development
    • 4.13 Power Distribution
      • 4.13.1 Power Distribution Company Information
      • 4.13.2 Power Distribution Description, Business Overview
      • 4.13.3 Power Distribution Static Transfer Switch (STS) Products Offered
      • 4.13.4 Power Distribution Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.13.5 Power Distribution Static Transfer Switch (STS) Sales by Product in 2023
      • 4.13.6 Power Distribution Static Transfer Switch (STS) Sales by Application in 2023
      • 4.13.7 Power Distribution Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.13.8 Power Distribution Recent Development
    • 4.14 Godgoal
      • 4.14.1 Godgoal Company Information
      • 4.14.2 Godgoal Description, Business Overview
      • 4.14.3 Godgoal Static Transfer Switch (STS) Products Offered
      • 4.14.4 Godgoal Static Transfer Switch (STS) Sales, Revenue and Gross Margin (2019-2024)
      • 4.14.5 Godgoal Static Transfer Switch (STS) Sales by Product in 2023
      • 4.14.6 Godgoal Static Transfer Switch (STS) Sales by Application in 2023
      • 4.14.7 Godgoal Static Transfer Switch (STS) Sales by Geographic Area in 2023
      • 4.14.8 Godgoal Recent Development

  • 5 Breakdown Data by Type

    • 5.1 Global Static Transfer Switch (STS) Sales by Type (2019-2030)
      • 5.1.1 Global Static Transfer Switch (STS) Sales by Type (2019-2024)
      • 5.1.2 Global Static Transfer Switch (STS) Sales Forecast by Type (2025-2030)
      • 5.1.3 Global Static Transfer Switch (STS) Sales Market Share by Type (2019-2030)
    • 5.2 Global Static Transfer Switch (STS) Revenue Forecast by Type (2019-2030)
      • 5.2.1 Global Static Transfer Switch (STS) Revenue by Type (2019-2024)
      • 5.2.2 Global Static Transfer Switch (STS) Revenue Forecast by Type (2025-2030)
      • 5.2.3 Global Static Transfer Switch (STS) Revenue Market Share by Type (2019-2030)
    • 5.3 Static Transfer Switch (STS) Average Selling Price (ASP) by Type (2019-2030)

  • 6 Breakdown Data by Application

    • 6.1 Global Static Transfer Switch (STS) Sales by Application (2019-2030)
      • 6.1.1 Global Static Transfer Switch (STS) Sales by Application (2019-2024)
      • 6.1.2 Global Static Transfer Switch (STS) Sales Forecast by Application (2025-2030)
      • 6.1.3 Global Static Transfer Switch (STS) Sales Market Share by Application (2019-2030)
    • 6.2 Global Static Transfer Switch (STS) Revenue Forecast by Application (2019-2030)
      • 6.2.1 Global Static Transfer Switch (STS) Revenue by Application (2019-2024)
      • 6.2.2 Global Static Transfer Switch (STS) Revenue Forecast by Application (2025-2030)
      • 6.2.3 Global Static Transfer Switch (STS) Revenue Market Share by Application (2019-2030)
    • 6.3 Static Transfer Switch (STS) Average Selling Price (ASP) by Application (2019-2030)

  • 7 North America

    • 7.1 North America Static Transfer Switch (STS) Market Size YoY Growth 2019-2030
    • 7.2 North America Static Transfer Switch (STS) Market Facts & Figures by Country
      • 7.2.1 North America Static Transfer Switch (STS) Sales by Country (2019-2030)
      • 7.2.2 North America Static Transfer Switch (STS) Revenue by Country (2019-2030)
    • 7.3 North America Static Transfer Switch (STS) Sales by Type (2019-2024)
    • 7.4 North America Static Transfer Switch (STS) Sales by Application (2019-2024)

  • 8 Asia-Pacific

    • 8.1 Asia-Pacific Static Transfer Switch (STS) Market Size YoY Growth 2019-2030
    • 8.2 Asia-Pacific Static Transfer Switch (STS) Market Facts & Figures by Region
      • 8.2.1 Asia-Pacific Static Transfer Switch (STS) Sales by Region (2019-2030)
      • 8.2.2 Asia-Pacific Static Transfer Switch (STS) Revenue by Region (2019-2030)
    • 8.3 Asia-Pacific Static Transfer Switch (STS) Sales by Type (2019-2024)
    • 8.4 Asia-Pacific Static Transfer Switch (STS) Sales by Application (2019-2024)

  • 9 Europe

    • 9.1 Europe Static Transfer Switch (STS) Market Size YoY Growth 2019-2030
    • 9.2 Europe Static Transfer Switch (STS) Market Facts & Figures by Country
      • 9.2.1 Europe Static Transfer Switch (STS) Sales by Country (2019-2030)
      • 9.2.2 Europe Static Transfer Switch (STS) Revenue by Country (2019-2030)
    • 9.3 Europe Static Transfer Switch (STS) Sales by Type (2019-2024)
    • 9.4 Europe Static Transfer Switch (STS) Sales by Application (2019-2024)

  • 10 Latin America

    • 10.1 Latin America Static Transfer Switch (STS) Market Size YoY Growth 2019-2030
    • 10.2 Latin America Static Transfer Switch (STS) Market Facts & Figures by Country
      • 10.2.1 Latin America Static Transfer Switch (STS) Sales by Country (2019-2030)
      • 10.2.2 Latin America Static Transfer Switch (STS) Revenue by Country (2019-2030)
    • 10.3 Latin America Static Transfer Switch (STS) Sales by Type (2019-2024)
    • 10.4 Latin America Static Transfer Switch (STS) Sales by Application (2019-2024)

  • 11 Middle East and Africa

    • 11.1 Middle East and Africa Static Transfer Switch (STS) Market Size YoY Growth 2019-2030
    • 11.2 Middle East and Africa Static Transfer Switch (STS) Market Facts & Figures by Country
      • 11.2.1 Middle East and Africa Static Transfer Switch (STS) Sales by Country (2019-2030)
      • 11.2.2 Middle East and Africa Static Transfer Switch (STS) Revenue by Country (2019-2030)
    • 11.3 Middle East and Africa Static Transfer Switch (STS) Sales by Type (2019-2024)
    • 11.4 Middle East and Africa Static Transfer Switch (STS) Sales by Application (2019-2024)

  • 12 Supply Chain and Sales Channel Analysis

    • 12.1 Static Transfer Switch (STS) Supply Chain Analysis
    • 12.2 Static Transfer Switch (STS) Key Raw Materials and Upstream Suppliers
    • 12.3 Static Transfer Switch (STS) Clients Analysis
    • 12.4 Static Transfer Switch (STS) Sales Channel and Sales Model Analysis
      • 12.4.1 Static Transfer Switch (STS) Distribution Channel Analysis: Indirect Sales VS Direct Sales
      • 12.4.2 Static Transfer Switch (STS) Distribution Channel Analysis: Online Sales VS Offline Sales
      • 12.4.3 Static Transfer Switch (STS) Distributors

  • 13 Market Dynamics

    • 13.1 Static Transfer Switch (STS) Industry Trends
    • 13.2 Static Transfer Switch (STS) Market Drivers
    • 13.3 Static Transfer Switch (STS) Market Challenges
    • 13.4 Static Transfer Switch (STS) Market Restraints

  • 14 Research Findings and Conclusion

  • 15 Appendix

    • 15.1 Research Methodology
      • 15.1.1 Methodology/Research Approach
      • 15.1.2 Data Source
    • 15.2 Author Details
    • 15.3 Disclaimer
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