Market Research Logo

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

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 projected to grow at a CAGR of 5.82% from 2018 to 2023.”
The paralleling switchgear market is projected to grow from an estimated USD 1.17 billion in 2018 to USD 1.55 billion by 2023, at a CAGR of 5.82% from 2018 to 2023. Increasing use of renewable energy sources in distributed generation, ageing and overburdening of power grids, and investment in industrial sectors such as oil & gas, telecommunication, construction, and mining in regions such as Asia Pacific, the Middle East, and Europe are driving the market for paralleling switchgear.

“The industrial segment is expected to hold the largest share of the paralleling switchgear market, by end-user, during the forecast period.”
The industrial segment of the paralleling switchgear market is expected to grow at the fastest pace during the forecast period. The growth of this segment can be attributed to the increasing demand for critical power from industries such as oil & gas, mining, and process industries in Asia Pacific, North America, and Europe. Continuity of power is crucial for any manufacturing or process industry. Loss of power results in a major loss, hence paralleling switchgear is used to maintain continuity.

“Asia Pacific: The largest market for paralleling switchgear”
Asia Pacific is estimated to be the largest market for paralleling switchgear, followed by North America and Europe. While India will continue to drive demand, growing industrial demand and increasing investments in infrastructure development in emerging economies such as China, Thailand, and Malaysia are expected to boost the demand for paralleling switchgear. Furthermore, investments in data centers, growing urbanization, and the increasing demand from construction, telecommunication, and water and wastewater treatment industries are driving the paralleling switchgear market in the Asia Pacific region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 55%, Tier 2- 25%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 30%, Others- 35%
By Region: North America- 15%, Europe- 20%, Asia Pacific- 30%, South America- 10%, Middle East & Africa- 25%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion
The leading players in the paralleling switchgear market are GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), and Schneider Electric (France).


Research Coverage:
The report provides a picture of the paralleling switchgear market across the power generation industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as end-user, application, transition, voltage, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and MnM view.

For the purpose of this report, the market has been segmented on the basis of end-user, application, transition, voltage, and region, with a focus on industry analysis (industry trends), market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the paralleling switchgear market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the paralleling switchgear market

Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for paralleling switchgear across regions

Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global paralleling switchgear market

Why Buy this Report?
1. The report identifies and addresses key markets for the implementation of paralleling switchgear in various industries, which would help manufacturers review the growth in demand.
2. The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL PARALLELING SWITCHGEAR MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE PARALLELING SWITCHGEAR MARKET, 2018-2023
    • PARALLELING SWITCHGEAR MARKET, BY APPLICATION
    • PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE
    • PARALLELING SWITCHGEAR MARKET, BY END USER
    • PARALLELING SWITCHGEAR MARKET, BY REGION
    • ASIA PACIFIC PARALLELING SWITCHGEAR MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table GLOBAL HEALTH SPENDING PER GDP (%), 2014-2040
        • Table NEW DATA CENTER PROJECTS ANNOUNCED IN THE US, 2016-2017
      • RESTRAINTS
      • OPPORTUNITIES
        • Table GLOBAL DISTRIBUTED POWER GROWTH, 2000-2020
      • CHALLENGES
  • PARALLELING SWITCHGEAR MARKET, BY APPLICATION
    • INTRODUCTION
      • Table PARALLELING SWITCHGEAR MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
    • PRIME
      • Table PRIME: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
    • STANDBY
      • Table STANDBY: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
    • PEAK SHAVE
      • Table PEAK SHAVE: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
  • PARALLELING SWITCHGEAR MARKET, BY END USER
    • INTRODUCTION
      • Table PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
    • INDUSTRIAL
      • Table INDUSTRIAL: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
      • UTILITIES/ POWER GENERATION
        • Table UTILITIES/ POWER GENERATION: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
      • OIL & GAS
        • Table OIL & GAS: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
      • OTHER INDUSTRIAL
        • Table OTHER INDUSTRIAL: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
    • COMMERCIAL
      • Table COMMERCIAL: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
      • IT & TELECOM
        • Table IT & TELECOM: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
      • HEALTHCARE
        • Table HEALTHCARE: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
      • OTHER COMMERCIAL
        • Table OTHER COMMERCIAL: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
  • PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE
    • INTRODUCTION
      • Table PARALLELING SWITCHGEAR MARKET, BY STAGE, 2016-2023 (USD MILLION)
    • OPEN TRANSITION
      • Table OPEN TRANSITION: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
    • CLOSED TRANSITION
      • Table CLOSED TRANSITION: PARALLELING SWITCHGEAR MARKET, BY REGION, 2016-2023 (USD MILLION)
  • PARALLELING SWITCHGEAR MARKET, BY VOLTAGE
    • INTRODUCTION
      • Table PARALLELING SWITCHGEAR MARKET SIZE, BY VOLTAGE, 2016-2023 (USD MILLION)
    • LOW VOLTAGE
      • Table LOW VOLTAGE: PARALLELING SWITCHGEAR MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MEDIUM VOLTAGE
      • Table MEDIUM VOLTAGE: PARALLELING SWITCHGEAR MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • PARALLELING SWITCHGEAR MARKET, BY REGION
    • INTRODUCTION
      • Table PARALLELING SWITCHGEAR MARKET, BY REGION, 2018-2023 (USD MILLION)
    • ASIA PACIFIC
      • BY APPLICATION
        • Table ASIA PACIFIC: PARALLELING SWITCHGEAR MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY TRANSITION TYPE
        • Table ASIA PACIFIC: PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE, 2016-2023 (USD MILLION)
      • BY VOLTAGE
        • Table ASIA PACIFIC: PARALLELING SWITCHGEAR MARKET, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY END USER
        • Table ASIA PACIFIC: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: PARALLELING SWITCHGEAR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table CHINA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table INDIA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table JAPAN: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table SOUTH KOREA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table AUSTRALIA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
    • NORTH AMERICA
      • BY APPLICATION
        • Table NORTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY TRANSITION TYPE
        • Table NORTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE, 2016-2023 (USD MILLION)
      • BY VOLTAGE
        • Table NORTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY END USER
        • Table NORTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table US: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table CANADA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table MEXICO: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
    • EUROPE
      • BY APPLICATION
        • Table EUROPE: PARALLELING SWITCHGEAR MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY TRANSITION TYPE
        • Table EUROPE: PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE, 2016-2023 (USD MILLION)
      • BY VOLTAGE
        • Table EUROPE: PARALLELING SWITCHGEAR MARKET, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY END USER
        • Table EUROPE: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: PARALLELING SWITCHGEAR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table RUSSIA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table UK: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table GERMANY: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table FRANCE: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table REST OF EUROPE: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY APPLICATION
        • Table MIDDLE EAST & AFRICA: PARALLELING SWITCHGEAR MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY TRANSITION TYPE
        • Table MIDDLE EAST & AFRICA: PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE, 2016-2023 (USD MILLION)
      • BY VOLTAGE
        • Table MIDDLE EAST & AFRICA: PARALLELING SWITCHGEAR MARKET, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY END USER
        • Table MIDDLE EAST & AFRICA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: PARALLELING SWITCHGEAR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table SAUDI ARABIA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table UAE: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table KUWAIT: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table IRAN: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table SOUTH AFRICA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table REST OF THE MIDDLE EAST & AFRICA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
    • SOUTH AMERICA
      • BY APPLICATION
        • Table SOUTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY APPLICATION, 2016-2023 (USD MILLION)
      • BY TRANSITION TYPE
        • Table SOUTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY TRANSITION TYPE, 2016-2023 (USD MILLION)
      • BY VOLTAGE
        • Table SOUTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY VOLTAGE, 2016-2023 (USD MILLION)
      • BY END USER
        • Table SOUTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table BRAZIL: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table ARGENTINA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: PARALLELING SWITCHGEAR MARKET, BY END USER, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS
    • COMPETITIVE SCENARIO
      • Table MARKET DEVELOPMENTS BETWEEN 2014 AND 2017
      • CONTRACTS & AGREEMENTS,2014-2018
      • EXPANSIONS & INVESTMENTS,2014-2017
      • NEW PRODUCT LAUNCHES,2014-2018
      • MERGERS & ACQUISITIONS,2014-2017
      • PARTNERSHIPS, 2017
  • COMPANY PROFILES
    • BENCHMARKING
    • GE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CATERPILLAR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CUMMINS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ROLLS-ROYCE (MTU ONSITE ENERGY)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KOHLER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • PIONEER POWER SOLUTIONS (PIONEER CRITICAL POWER)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • REGAL BELOIT CORPORATION (THOMSON POWER SYSTEMS)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SCHNEIDER ELECTRIC (ASCO POWER TECHNOLOGIES)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ADVANCED POWER TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ENERCON ENGINEERING
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • INDUSTRIAL ELECTRIC MFG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • RUSSELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report