The report "Paralleling
Switchgear Market by End-User (Industrial, Commercial), Application (Prime,
Standby and Peak shave), Transition Type (Open Transition and Closed
Transition), Voltage (Low Voltage and Medium Voltage), and Region - Global
Forecast to 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.
Browse 73 market data Tables and 36 Figures spread through
131 Pages and in-depth TOC on "Paralleling Switchgear Market -
Global Forecast to 2023"
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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.
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.
The report’s target audience includes:
·
Paralleling switchgear manufacturing companies
·
Consulting companies in the end-user sector
·
Process and manufacturing plants
·
Government and research organizations
·
Paralleling switchgear and equipment
manufacturers
·
State- or government-owned corporations
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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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com
