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Paralleling Switchgear Market by End-User, Application, Transition Type, Voltage And Region - Global Forecast to 2023

Paralleling Switchgear Market: Global Forecast until 2023

  • April 2018
  • 132 pages
  • ID: 5377122
In this report:
The entire project is expected to cover ## projects, which also includes construction of a crude oil refinery with a ##,## barrels/day capacity.
This segment is expected to register a higher CAGR of ##.##% from 2018 to 2023, owing to wider application in the industrial sector, along with significant planned investments in related industries such as telecom, healthcare, and the BFSI sector.


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The paralleling switchgear market is estimated to rise at a compound annual growth rate of ~5.8 percent from 2018 to 2023.

The paralleling switchgear market is forecasted to grow from an estimated ~$1.2B in 2018 to ~$1.5B by 2023, at a compound annual growth rate (CAGR) of ~5.8 percent from 2018 to 2023. Growing use of renewable energy sources in distributed generation, ageing and overburdening of power grids, and investment in industrial sectors including oil & gas, telecommunication, construction, and mining in regions including Asia Pacific, the Middle East (ME), and Europe (EU) are driving the sector for paralleling switchgear.

The industrial segment is forecasted to hold the biggest share of the paralleling switchgear market, by end-user, during the estimate period.

The industrial segment of the paralleling switchgear market is anticipated to grow at the quickest pace during the outlook period.The increase of this segment can be accredited to the growing demand for critical power from industries including oil & gas, mining, and process sectors in APAC, North America (NA), and EU.

Continuity of power is crucial for any manufacturing or process market. Loss of power results in a main loss, hence paralleling switchgear is used to maintain continuity.

Asia-Pac: The largest industry for paralleling switchgear

Asia Pacific (APAC) is forecasted to be the biggest market for paralleling switchgear, succeeded by North America continent and Europe (EU).While India (IN) will continue to drive demand, increasing industrial demand and growing investments in infrastructure development in emerging economies including China, Thailand (TH), and Malaysia (MY) are anticipated to boost the industry demand for paralleling switchgear.

Additionally, business investments in data centers, increasing urbanization, and the growing demand from construction, telecommunication, and water and wastewater treatment markets are driving the paralleling switchgear market in the Asia Pacific area.

Key players' distribution profiles:

Comprehensive interviews have been managed with several key industry participants, subject-matter experts, C-suite executives of key industry players, and industry consultants, among other experts, to verify and obtain critical qualitative and quantitative info, as well as to evaluate future industry prospects. The classification of primaries interviews is like:

• By Company category: Tier 1 55.0 percent, Tier 2 25.0 percent, Tier 3 20.0 percent

• By Description: C-Level- 35.0 percent, D-Level- 30.0 percent, Others- 35.0 percent

By area: North america (NA)- 15%, Europe- 20.0 percent, Asia Pacific- 30.0 percent, South America- 10.0 percent, Middle East & Africa- 25.0 percent

Note: The 1/3 of the companies, the tiers of the corporations has been defined on the basis of their final revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = $1.0B to $5.0B, and Tier 3 =

The key players in the paralleling switchgear market are GE, Kohler, Caterpillar, Cummins, Rolls-Royce, and Schneider Electric (SU).

Segment Research

The study offers a picture of the paralleling switchgear market across the power generation sector and territories.It aims at evaluating the market value and future increase potential of the market across distinct segments including end-user, application, transition, voltage, and area.

Moreover, the analysis includes a detailed competitive analysis of the top players in the industry together with their company descriptions, latest developments, and MnM view.

For the purpose of this report, the market has been split on the basis of end-user, application, transition, voltage, and area, with a focus on industry study, market ranking study of the top actors, supply chain research, and company descriptions, which together comprise and evaluate the basic overviews on the competitive landscape, coming out and high-growth segments of the paralleling switchgear market, high-growth areas, and sector drivers, industry restraints, and alternatives.

This study furnishes highlights on the following points:

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the paralleling switchgear market

• Market Development: Highlighted information about profitable emerging sectors; the industry report examines the industries for paralleling switchgear across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall paralleling switchgear market

Why acquire this industry report?

1. The study determines and addresses main markets for the implementation of paralleling switchgear in different industries, which would help manufacturers review the rise in demand.

2. The analysis benefits solutions providers distinguish the pulse of the sector and offer business insights into drivers, market restraints, and opportunities.

3. The market research will facilitate top players comprehend the strategies of their competitors better and will facilitate in making tactical conclusions.

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