Paralleling Switchgear Market Research Report: Information by Voltage (Low Voltage, and Medium Voltage), by Application (Prime, Standby and Peak Shave), by End-Use (Commercial, Industrial, Utilities and Others) and By Region – Forecast till 2023. Global paralleling switchgear market is expected to expand at 5.5% CAGR during the forecast period.
Paralleling switchgear is a combination of metering, control & switching and protection elements acting as an integrated system to control the distribution of power for emergency systems, standby systems, critical operation power systems (COPS), and optional standby systems. Increasing stake of distributed generation, maturing and overloading of power grids, and investment in commercial and industrial sectors such as construction, oil & gas, mining and telecommunication are the key factors driving the paralleling switchgear market over the forecast period. However, cost constraint and complexity in control system are predicted to hinder the market growth over the forecast period.
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The paralleling switchgear market is projected to have enormous developments over the forecast period owing to incessant technological advancements in energy sector tied with rising power demand. The market is also likely to have huge expansion activities by global and well-established firms. Mergers and acquisition activities are anticipated to be seen during the forecast period with several contracts and agreements among the top EPC contractors and Governments across the globe.
Paralleling Switchgear Market Leading Players:
The key players of global paralleling switchgear market are General Electric Company (U.S.), Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Rolls-Royce (MTU Onsite Energy) (U.K.), Kohler Co. (U.S.), and Pioneer Power Solutions. (U.S.). Regal Beloit Corporation (U.S.), Schneider Electric SE. (France), Advanced Power Technologies. (U.S.), Enercon Engineering, Inc. (U.S.), Industrial Electric Mfg (U.S.), and Russelectric Inc. (U.S.) are among others.
Paralleling Switchgear Market Segmentation
Global paralleling switchgear market has been segmented based on voltage, application, end user and region.
Paralleling Switchgear Market, By Voltage
- Low Voltage
- Medium Voltage
Paralleling Switchgear Market, By Application
- Peak Shave
Paralleling Switchgear Market, By End-User
Paralleling Switchgear Market, By Regions
- North America
- Asia Pacific
- Rest of the World
Scope of the Report
This study provides an overview of the global paralleling switchgear market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Paralleling Switchgear market by its type, by design, by end-user and by region.
TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
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