Comprehensive Report on Recloser Market Set to Witness Huge Growth by 2025 | ABB, Schneider, NOJA Power, Siemens, Eaton

According to the new market research report the global recloser market is projected to reach USD 2.4 billion by 2025 from an estimated market size of USD 1.9 billion in 2020, at a CAGR of 4.8% during the forecast period. The global recloser market is set to witness significant growth owing to increasing power demand and expansion of transmission and distribution network globally. Additionally, increasing the share of renewable energy would also drive the grid integration projects and finally recloser and sectionalizer market.

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The electronic recloser control segment is expected to be the fastest market during the forecast period

The electronic recloser control segment is projected to be the fastest recloser market, by control type, during the forecast period. The electronic recloser control segment accounts for greater share of the total recloser market due to greater flexibility, ease of customization & programing, and have advanced protection, metering, and automation functionality. The growth in electronic recloser control market can be attributed to its low cost and wide area of its applications. Demand for electronic recloser control is on the rise in China, which is the major country in electric utility industry in terms of grid modernization projects. According to the Renewable Energy Policy Network (REN21), China accounted for 45% of the total global investment for renewable power generation in 2018. Increasing investments in renewable power would drive the market for distribution automation in Asia Pacific which would further drive the market for electronic recloser.

The Up to 15 KV segment is expected to be the fastest recloser market (including sectionalizer), by voltage, during the forecast period

The Up to 15 KV segment is expected to grow at the fastest rate during the forecast period. The up to 15 KV segment is expected to grow at the fastest CAGR due to the increase in residential power distribution capacity to cater the increasing demand for electricity in residential areas. Also, increasing investments in grid transmission and distribution projects in rural areas would also fuel the growth of the segment in the forecast period.

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This research report categorizes the recloser market by phase, control type, voltage, and region.

Recloser Market

By Phase:

• Three Phase
• Single Phase
• Triple Single Phase

By Control type:

• Electronic
• Hydraulic

Sectionalizer Market:

By Phase:

• Three Phase
• Single Phase

By Control type:

• Resettable Electronic
• Programmable Resettable

Recloser and Sectionalizer

By Voltage:

• Up to 15 KV
• 16-27 KV
• 28-38 KV

By Region:

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

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Asia Pacific is expected to dominate the global recloser and sectionalizer market during the forecast period.

 The growth of the recloser and sectionalizer market in the Asia Pacific can be attributed to the increasing demand for electrical energy due to urbanization and industrialization, distribution network upgrade, and increasing need of power reliability. Also, rising investments in smart grid infrastructure projects that includes distribution automation would result in an increased demand for recloser and sectionalizer in the Asia-Pacific region. Additionally, the rise in investments in smart grid technologies that include distribution grid automation, smart meters, and demand response systems in countries such as China, India, South Korea, and Australia would create growth opportunities for the recloser and sectionalizer market in the region.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the recloser market. These include Noja Power (Australia), ABB (Switzerland), Eaton (Ireland), Schneider Electric (France), and Siemens (Germany). The leading players are trying to establish themselves in the markets of developed countries and are adopting various strategies to increase their respective market shares.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Generator Sales Market Outlook 2019 – Huge Growth, Trends, Revenue And In-Depth Analysis 2024

The generator sales market is expected to grow from an estimated USD 22.3 billion in 2019 to USD 29.3 billion by 2024, at a CAGR of 5.60% during the forecast period. The market is set to grow due to the rising demand for uninterrupted and reliable power from all end-users, as some of the best power grids are also subject to downtime.

On the basis of fuel type, the diesel segment is expected to hold the largest share of the market.

The diesel segment is expected to dominate the generator sales market during the forecast period. Long running life, easy parts and fuel availability, capacity to handle varying loads, and quick response time have helped the diesel generator market to acquire the largest share. This segment is primarily driven by the increased demand for standby power from data centers, IT facilities, and healthcare infrastructure.  

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The industrial segment is expected to be the fastest growing generator sales market, by application, during the forecast period.

The industrial segment is expected to grow at the highest CAGR from 2019 to 2024. The market is primarily driven by the increased need for generators from oil & gas, power generation, and chemical industries. The growth of the industrial end-user segment can be attributed to the rapid industrialization in developing countries such as India, Bangladesh, Taiwan, Algeria, and Nigeria. Moreover, increased investments in natural gas exploration and refineries are likely to boost the generator sales market. Also, the rising development of infrastructure in countries such as Saudi Arabia, the UAE, and Algeria are likely to impact the industrial segment during the forecast period positively.

This research report categorizes the generator sales market by fuel type, application, end-user, power rating, and region

On the basis of fuel type, the generator sales market has been segmented as follows:

• Diesel
• Natural Gas
• Others (LPG, propane, and bio-diesel)

On the basis of application, the generator sales market has been segmented as follows:

• Standby
• Prime & Continuous
• Peak Shaving

On the basis of end-user, the generator sales market has been segmented as follows:

• Industrial
• Commercial
• Residential

On the basis of by power rating, the generator sales market has been segmented as follows:

• Below 100 kVA
• 100–350 kVA
• 350–1,000 kVA
• 1,000–2,500 kVA
• 2,500–5,000 kVA
• Above 5,000 kVA

On the basis of region, the generator sales market has been segmented as follows:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

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Asia Pacific: the leading generator sales market

In this report, the generator sales market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to lead the generator sales market, by region, during the forecast period. Asia Pacific consists of developing countries such as India, Bangladesh, and Taiwan. The growing manufacturing sectors in these countries is expected to be the main driver. Also, the growth of the IT and healthcare sectors in China, Australia, India, Singapore, and South Korea has played a significant role in the growth of the generator sales market in Asia Pacific. Nearly all the countries in the region are augmenting their oil & production capacity. China and India are investing heavily in their offshore projects. This has led to a rise in investments in the oil & gas sector which is expected to drive the growth of the Asia Pacific generator sales market.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the generator sales market. The key players include Caterpillar (US), Cummins (US), Rolls-Royce (UK), Mitsubishi (Japan), Yanmar (Japan), and Kohler (US). The leading players are adopting various strategies to increase their share in the generator sales market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra

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newsletter@marketsandmarkets.com

Electric Fuse Market is Booming – Gaining Revolution in Eyes of Global Exposure | SE, Siemens, Mersen, ABB

The global electric fuse market is projected to reach USD 4.3 billion by 2023 from an estimated USD 3.5 billion in 2018, at a CAGR of 4.24%. This growth can be attributed to growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in construction sector.

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The medium voltage segment is expected to hold the largest share of the electric fuse market, by voltage, during the forecast period.

The medium voltage segment is estimated to dominate the electric fuse market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and for back up for protection from default current.

The transportation segment is expected to be the second fastest growing segment of the electric fuse market, by end-use, during the forecast period.

The transportation segment accounted for the second highest CAGR during the forecast period. The demand for electric fuses is driven by the high growth and developments in the global railway industry. Furthermore, the fast commercialization of electric trains and metros from the developing nations is driving the demand for electric fuses from tractions. Furthermore, the concepts of high speed trains, freight wagons, bullet trains will create opportunities for electric fuses in the near future.

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This research report categorizes the electric fuse market based on product type, end-use and region.

On the basis of type, the market has been segmented as follows:

• Power fuse and fuse links
• Distribution cutouts
• Cartridge and plug fuses
• Others (Capacitor fuses, dropout fuse, battery fuses, and fuse pullers)

On the basis of voltage, the market has been segmented as follows:

• Low Voltage
• Medium Voltage

On the basis of end-use, the market has been segmented as follows:

• Residential
• Commercial
• Industrial
• Utilities
• Transportation

On the basis of Region, the market has been segmented as follows:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

Asia Pacific: The largest market for electric fuse.

In this report, the electric fuse market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global electric fuse market in 2018 owing to the development and growth of countries such as China, Japan, Australia and India, where there is huge requirement for power and infrastructural development due to growing population and urbanization. The transportation infrastructure in the region is at its verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals of generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific electric fuse market.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electric fuse market. Some of the key players are Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), and Hubbell (US). The leading players are adopting various strategies to increase their shares in the electric fuse market.

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Lighting Contactor Market Coming up Trends and Active Company Revenue Forecast through 2018 to 2023

 

The lighting contactor market is expected to grow from an estimated USD 737.8 million in 2018 to USD 1,111.0 million by 2023, at a CAGR of 8.53% from 2018 to 2023. This growth can be attributed to the increasing adoption of energy-efficient lighting, growing demand for smart controls in lighting systems, and increasing adoption of IoT in the lighting industry.

Commercial segment is expected to hold the largest share of the lighting contactor market, by end-user, during the forecast period.

Lighting contactors are used widely in commercial setups such as corporate offices, healthcare and retail complexes, hotels, restaurants, and educational institutes. Increasing need for energy efficiency is the major objective for governments, organizations, building owners, and other stakeholders. The governments in different countries are adopting LEDs to increase energy efficiency as it can directly reduce the maintenance and utilization cost. Lighting control systems reduce the energy consumption by optimizing ambient light levels to suit the user’s needs, thereby reducing the overall demand for lighting energy. Lighting control systems require lighting contactors for controlling lights, which require frequent on and off operation. Thus, the increase in the adoption of energy-efficient lighting is likely to boost the lighting contactor market.

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Target Audience:

• Government Agencies
• Investment Banks
• Lighting Contactor OEM
• Lighting Control Association
• Lighting Management Association
• Lighting Control System OEM
• Regulatory Authorities

Electrically held segment is expected to grow at the fastest rate in the lighting contactor market, by type, during the forecast period.

The electrically held segment is expected to grow at the fastest rate in the lighting contactor market during the forecast period. These contactors require an uninterrupted flow of power for continuous operation. If the power is lost, the contactors isolate the light from the circuit. A constant current flow is required to keep the contactor energized. These contactors are noiseless and consume less amount of control power than other contactors. They are mainly used in smart residential complexes and commercial and industrial segments. Thus, the adoption of electrically held contactors is more than mechanically held contactors.

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Europe: the leading market for lighting contactors

In this report, the lighting contactor market has been analyzed on the basis of 5 regions, namely, Asia Pacific, Europe, North America, South America, and Middle East & Africa. The market in Europe is expected to lead the global lighting contactor market in 2018 and is projected to have the largest market share by 2023. The growing demand for lighting control systems in Europe makes it a potentially growing market for lighting contactor providers. The drive for green city projects has brought into the focus on energy efficiency in most of the EU countries. This has created a market opportunity for the manufacturers of LED and energy-efficient lighting control systems and solutions. Moreover, historical buildings, architectural sites, and hospitality businesses contribute to the increased demand for innovative lighting solutions. Thus, the demand for lighting control systems in commercial, residential, and industrial sectors is increasing which is likely to drive the lighting contactor market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the lighting contactor market. The key players in the market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), and Eaton (Republic of Ireland). The leading players are trying to expand in developing economies and are adopting various strategies to increase their market shares.

Hydrogen Generation Market Segmentation, Application, Technology, Analysis Research Report and Forecast to 2025

The report "Hydrogen Generation Market by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology, and Region - Forecast to 2025" The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increasing fuel cell power generation application is driving the growth of the market. Moreover, increasing adoption of electric vehicles leads to renewable energy deployment at large scale in Asia Pacific region, creates opportunities for hydrogen generation market.

Browse 243 market data Tables and 61 Figures spread through 263 Pages and in-depth TOC on "Hydrogen Generation Market - Forecast to 2025"

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The electrolysis technology segment is expected to grow at the highest CAGR from 2020 to 2025.

The increasing use of fuel cells in power generation and transportation is likely to drive the market for electrolysis. Through electrolysis, the electrolyzer system creates hydrogen gas. The oxygen that is left over is released into the atmosphere or can be captured or stored. This stored hydrogen can be supplied for other industrial processes or even used for medical gases in some cases. The hydrogen gas can either be stored as a compressed gas or liquefied, and since hydrogen is an energy carrier, it can be used to power any hydrogen fuel cell electric application — including trains, buses, trucks, or data centers. Measures have been taken by governments to boost the demand for water electrolysis. For instance, the US Department of Energy (DOE) has set technical targets and cost contributions for hydrogen production from water electrolysis.  

The transportation application segment is expected to grow at the highest CAGR in the hydrogen generation industry during the forecast period.

Rapid rise in demand for Fuel Cell Electric Vehicle (FCEV) in Asia Pacific region is likely to drive the market for hydrogen generation in the coming years. Hydrogen finds its application in various modes of transportation, such as buses, trains, fuel cell electric vehicles (FCEV), and others (including marine, airplane, and drones). FCEVs are powered by hydrogen. They are more efficient than conventional internal combustion engine vehicles and produce no tailpipe emissions; they only emit water vapor and warm air. Fuel cell vehicles use hydrogen to power the electric motor by combining hydrogen and oxygen (from the air) to produce electricity, which runs the motor. This process of converting hydrogen gas into electricity produces only water and heat as byproducts, thus eliminating harmful gaseous emissions. It is expected that fuel cell cars and trucks can reduce emissions by over 30% compared with their gasoline-powered counterparts. Refueling a fuel cell electric vehicle takes less than 10 minutes. Therefore, FCEV vehicles are expected to increase the demand for hydrogen.

The blue hydrogen is expected to grow at the highest CAGR during the forecast period.

Blue hydrogen is derived from natural gas through steam methane reforming (SMR). SMR mixes natural gas with very hot steam in the presence of a catalyst, where a chemical reaction creates hydrogen and carbon monoxide. Additional water is added to the mixture, converting the carbon monoxide to carbon dioxide and creating more hydrogen. The carbon dioxide emissions produced are then captured and stored underground using the carbon capture, utilization, and storage (CCUS) technology, leaving nearly pure hydrogen. The cost of generating blue hydrogen is low. However, hydrogen also presents challenges when moved in large quantities, as it is light in weight. Alberta is aiming to export blue hydrogen globally by 2040. For instance, in October 2020, Alberta’s government announced a hydrogen strategy focused on carbon emissions to be competitive amid the global transition to sustainable energy. The strategy identifies the opportunity of using Albertas natural gas resources and its experience with carbon capture and storage (CCS) to produce low-emission blue hydrogen for local use or export to other domestic and international markets. Therefore, increasing demand for capturing and reusing carbon emissions drive the blue hydrogen segment.

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The merchant generation & delivery mode segment is expected to grow at the highest CAGR in the hydrogen generation industry during the forecast period.

Increasing large scale hydrogen production through water electrolysis and natural gas process is expected to drive the merchant segment. Merchant hydrogen can be produced by both water electrolysis and natural gas processes. This method reduces the need for transportation of fuel and, subsequently, the need for construction of new hydrogen generation infrastructure. However, its limited production capacity leads to higher hydrogen costs compared with captive hydrogen generation. Small-scale reformers and existing natural gas pipelines are generally employed by merchant hydrogen producers to supply hydrogen to customers on-site. Hydrogen is generated at offsite refineries and refueling stations using either natural gas or water and electricity. The electrolyzers used for merchant hydrogen generation produce pure oxygen as a by-product along with hydrogen. This oxygen is used to enrich the content of greenhouse gases for food production.

Asia Pacific likely to emerge as the largest hydrogen generation market

In this report, the hydrogen generation market has been analyzed for four regions, namely, Europe, Asia Pacific, North America, South America, Middle East and Africa. Asia Pacific is one of the leading markets for adopting green technologies to meet the government targets for reducing GHG emissions. Japan and South Korea are heavily investing in fuel cell adoption since 2009 because of the commercial deployment of Japanese fuel cell micro-CHP products. Japan is the first nation to commercialize fuel cells and is supporting the projects related to the use of fuel cells in residential and automotive applications. It aims to deploy green hydrogen on a large scale. The country plans to have 200,00 green hydrogen fuel cell vehicles and 320 hydrogen refueling stations by 2025 to meet the global carbon emission standards.  Singapore, India, and Malaysia are also showing interest and have just started or are expected to start exclusive programs to promote fuel cells in regional markets. These countries are initially focusing on backup power (stationary application) fuel cells.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the hydrogen generation market. The major players in the hydrogen generation industry are) Linde (Germany), Air Liquide (France ), Air Products & Chemicals (US), Uniper (Germany), and Engie (France). These players are adopting various strategies to increase their share in the hydrogen generation market. Joint ventures, collaborations & partnerships contracts & agreements, investments and expansions and acquisitions have been a widely adopted strategy by the major players in the hydrogen generation industry.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Robotic Welding Market – Evolving Industry Trends and key Insights by 2023

The robotic welding market is expected to grow from an estimated USD 3.89 billion in 2018 to USD 5.96 billion by 2023, at a CAGR of 8.91%, from 2018 to 2023. This market growth worldwide is driven by the increasing implementation of Industry 4.0, which focus on full automation of manufacturing process through Internet of Things (IoT) and big data concept.

https://www.marketsandmarkets.com/Market-Reports/robotic-welding-market-248099543.html

The spot welding segment is expected to hold the largest share of the robotic welding market, by type, during the forecast period.

The spot welding segment is expected to be the largest market for robotic welding, by application, in 2018. Spot welding robots are high-payload robots, which are expensive and widely used in various end-user industries. Major end-user industries include automotive & transportation, which accounts for approximately half of the market share. Increasing vehicle demand in emerging economies such as China, India, and Brazil would contribute to the growth of the spot welding market. Increasing focus on adopting electric vehicles would also act as a driving factor for the market.

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The >150 kg segment is expected to hold the largest share of the robotic welding market, by payload, during the forecast period.

Welding robots which have more than 150 kg of payload are expected to dominate the market due to their application in automotive & transportation and other industries. These robots are high in demand due to the increasing demand for vehicles.

Asia Pacific is expected to be the fastest-growing robotic welding market.

In this report, robotic welding market has been analyzed with respect to 4 regions, namely, North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to be the largest and the fastest growing market, by region, during the forecast period. Increasing adoption of automation by developing economies would drive the growth of the robotic welding market in the region. Major countries driving the market in the Asia Pacific region are China, India, and Taiwan. Rest of the World is expected to be the second fastest growing market for robotic welding.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the robotic welding market including Yaskawa (Japan), Kuka (Germany), Fanuc (Japan), ABB (Switzerland), and Panasonic (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Comprehensive Report on Paralleling Switchgear Market Set to Witness Huge Growth by 2023

The paralleling switchgear market is expected to grow from an estimated USD 1.17 Billion in 2018 to USD 1.55 Billion by 2023, at a CAGR of 5.82% during the forecast period. The market is set to witness growth due to increase in distributed generation and ageing and overburdening of power grids.

The industrial segment is expected to be the largest segment of paralleling switchgear market, by end-user, in 2018.

The industrial segment is expected to be the largest segment of the paralleling switchgear market, by end-user, in 2018. This segment is driven by factors such as the increasing demand for critical power from utilities/power generation in developing regions of Asia Pacific, the Middle East & Africa, and South America. Increased focus on data center services led by rising demand from finance and e-commerce sectors and large investments in public infrastructure projects by governments globally are the key drivers of the industrial segment of paralleling switchgear market.

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Scope of the report:

• By Application
  • Prime
  • Standby
  • Peak shave
• By Transition Type
  • Open Transition
  • Closed Transition
• By Voltage Type
  • Low voltage
  • Medium voltage
• By End User
  • Industrial
    • Utilities/Power Generation
    • Oil & Gas
    • Others
  • Commercial
    • IT & Telecom
    • Healthcare
    • Others
• By Region
  • Asia Pacific
  • Europe
  • North America
  • South America
  • Middle East & Africa

The standby segment is expected to be the largest segment of paralleling switchgear market, by application, during the forecast period.

The ability to combine multiple power sources as well as multiple fuel type generators in critical power needs in end-user applications would drive the paralleling switchgear market. The rising demand from data centers, hospitals, solar PV, and construction sectors is driving the market for standby application of paralleling switchgear.

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Asia Pacific: Key market for paralleling switchgear during the forecast period

In this report, the paralleling switchgear market has been analyzed with respect to 5 regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Asia Pacific is estimated to be the largest paralleling switchgear market during the forecast period. China and India are the largest markets in the Asia Pacific region and have witnessed increased investments in data centers, public infrastructure, manufacturing, and telecommunication sectors in the recent past. In addition, developing countries such as Indonesia, Thailand, Singapore, and Malaysia have increased investments in public infrastructure, oil and gas, mining, hospitals, and telecommunication sectors.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the leading players in the paralleling switchgear market such as GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), and Schneider Electric (France).

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