Market Overview:
The global low voltage paralleling switchgear market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy and the need for reliable and efficient power distribution systems. In addition, the growing industrial and commercial sectors are also contributing to the growth of this market. The global low voltage paralleling switchgear market is segmented on the basis of type, application, and region. On the basis of type, it is divided into open transition low voltage paralleling switchgear and closed transition low voltage paralleling switchgear. On the basis of application, it is classified into commercial sector and industrial sector. Region-wise, it is analyzed across North America, Latin America, Europe Asia Pacific (APAC),and Middle East & Africa (MEA).
Product Definition:
Low voltage paralleling switchgear is used to connect two or more low voltage electrical systems together so that they can operate as one. This allows for increased capacity or redundancy, and can be used to improve reliability or emergency power supply.
Open Transition Low Voltage Paralleling Switchgea:
O.T.L.P switchgear is a low voltage switchgear designed for use in open transition low voltage (OTLL) systems, which are used to supply power to start-up and operating equipment at the point of entry into service or during system upgrades without the need for re-powering of transformers or other switching devices in the circuit.
Closed Transition Low Voltage Paralleling Switchgea:
Closed transition low voltage paralleling switchgear is a type of switchgear designed to protect the electrical supply in the event of a fault on any section within an electric circuit. The equipment comprises movable parts that are enclosed within steel or concrete containers, which can be positioned either above or below ground level.
The design offers advantages such as compactness and flexibility, which has resulted in its increased popularity among utilities across the globe.
Application Insights:
The industry is segmented by application into commercial and industrial. The commercial sector includes offices, shopping malls, hotels, hospitals, educational institutions and government buildings among others. Increasing construction activities in the developing economies including China India and Brazil are expected to remain a key driving factor for the industry growth over the forecast period.
Low voltage paralleling switchgear finds application in power distribution systems of office buildings as well as hospitals wherein multiple sources of electricity are connected to a single point of entry at the main switchgear panel without necessitating any additional cables or conductors thereby reducing installation cost and time.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, especially in China and India. Growing demand for electricity across emerging economies, such as China and India, coupled with increasing investments from foreign players to meet rising demand for power is anticipated to drive the regional market over the forecast period.
The European region accounted for a significant share of revenue owing to early adoption of paralleling switchgear technology across various industries including oil & gas, water & wastewater treatment plants among others.
Growth Factors:
- Increasing demand for energy efficient solutions: The global market for low voltage paralleling switchgear is expected to grow at a CAGR of more than 5% during the forecast period. This can be attributed to the increasing demand for energy efficient solutions across the world.
- Growing investments in renewable energy: Renewable sources of energy are gaining popularity across the globe due to their environmental benefits and cost-effectiveness. This is expected to drive the growth of the low voltage paralleling switchgear market during the forecast period.
- Rising need for reliable power supply: The growth of industries and population worldwide has led to an increase in demand for reliable power supply, which is driving investments in new power infrastructure projects globally. This is likely to boost growth prospects of the low voltage paralleling switchgear market duringthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Low Voltage Paralleling Switchgear Market Research Report
By Type
Open Transition Low Voltage Paralleling Switchgea, Closed Transition Low Voltage Paralleling Switchgea
By Application
Commercial, Industrial
By Companies
GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), Schneider Electric (France), GE (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Low Voltage Paralleling Switchgear Market Report Segments:
The global Low Voltage Paralleling Switchgear market is segmented on the basis of:
Types
Open Transition Low Voltage Paralleling Switchgea, Closed Transition Low Voltage Paralleling Switchgea
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE (US)
- Kohler (US)
- Caterpillar (US)
- Cummins (US)
- Rolls-Royce (UK)
- Schneider Electric (France)
- GE (US)
Highlights of The Low Voltage Paralleling Switchgear Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open Transition Low Voltage Paralleling Switchgea
- Closed Transition Low Voltage Paralleling Switchgea
- By Application:
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Low Voltage Paralleling Switchgear Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Low voltage paralleling switchgear is a type of electrical equipment used to protect electrical systems from overloads. It consists of a number of switches that are connected in series, and each switch can be turned on or off independently. When all the switches are turned off, the system is protected from an overload.
Some of the major companies in the low voltage paralleling switchgear market are GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), Schneider Electric (France), GE (US).
The low voltage paralleling switchgear market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Low Voltage Paralleling Switchgear Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Low Voltage Paralleling Switchgear Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Low Voltage Paralleling Switchgear Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Low Voltage Paralleling Switchgear Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Low Voltage Paralleling Switchgear Market Size & Forecast, 2020-2028 4.5.1 Low Voltage Paralleling Switchgear Market Size and Y-o-Y Growth 4.5.2 Low Voltage Paralleling Switchgear Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Open Transition Low Voltage Paralleling Switchgea
5.2.2 Closed Transition Low Voltage Paralleling Switchgea
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Low Voltage Paralleling Switchgear Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Low Voltage Paralleling Switchgear Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Open Transition Low Voltage Paralleling Switchgea
9.6.2 Closed Transition Low Voltage Paralleling Switchgea
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Open Transition Low Voltage Paralleling Switchgea
10.6.2 Closed Transition Low Voltage Paralleling Switchgea
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Open Transition Low Voltage Paralleling Switchgea
11.6.2 Closed Transition Low Voltage Paralleling Switchgea
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Open Transition Low Voltage Paralleling Switchgea
12.6.2 Closed Transition Low Voltage Paralleling Switchgea
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Open Transition Low Voltage Paralleling Switchgea
13.6.2 Closed Transition Low Voltage Paralleling Switchgea
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Low Voltage Paralleling Switchgear Market: Competitive Dashboard
14.2 Global Low Voltage Paralleling Switchgear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE (US)
14.3.2 Kohler (US)
14.3.3 Caterpillar (US)
14.3.4 Cummins (US)
14.3.5 Rolls-Royce (UK)
14.3.6 Schneider Electric (France)
14.3.7 GE (US)