Global Paralleling Switchgear Market – Industry Analysis and Forecast (2018-2026) – by Transition Type, Voltage, End-User, Application and Region.
Global Paralleling Switchgear Market was value US$ 1.18Bn in 2017 and is expected to reach US$ 2.05Bn by 2026 at a CAGR of 7.15 %. Global Paralleling Switchgear Market The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global paralleling switchgear market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global paralleling switchgear market.
Paralleling switchgear system is a combination of control & switching, metering, and protection elements acting as an integrated system to control the distribution of power for emergency systems, standby systems, optional standby systems and critical operation power systems. An increasing stake of maturing and overloading of power grids, distributed generation, and investment in commercial and industrial sectors for instance construction, oil & gas, mining and telecommunication are the key factors driving the paralleling switchgear market over the forecast period.
Some of the key players operating in the global paralleling switchgear market, Caterpillar, Rolls-Royce, Pioneer Power Solutions, Schneider Electric, Kohler.
The scope of the Global Paralleling Switchgear Market
Global Paralleling Switchgear Market, by Transaction type
• Open Transition • Closed Transition
Global Paralleling Switchgear Market, by Voltage
• Low Voltage • Medium Voltage
Global Paralleling Switchgear Market, by End-user
• Industrial • Commercial
Global Paralleling Switchgear Market, by Application
• Prime • Standby • Peak shave
Global Paralleling Switchgear Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South America
Key players operating in the Global Paralleling Switchgear Market
• Caterpillar • Rolls-Royce • Pioneer Power Solutions • Schneider Electric • Enercon Engineering • Russelectric • GE • Cummins • Kohler • Regal Beloit Corporation • Advanced Power Technologies • Industrial Electric Mfg.