Market Overview:
The global 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 reliable and efficient power distribution systems, rising investments in data centers, and growing awareness about energy efficiency measures. Based on type, the linear industrial paralleling switchgear segment is expected to account for the largest share of the global market in 2018. This segment is projected to grow at a CAGR of 6% from 2018 to 2030. Linear industrial paralleling switchgear are used for distributing power among several loads with equal current sharing between them. These switches are typically used in applications such as construction and engineering, data center/colocation, education, government, healthcare, power generation, retail and wholesale trade sectors etc., where multiple loads need parallel operation without any voltage drop or overloads on any one load circuit breaker (CB). Based on application type ,the data center/colocation segment is projectedto grow at a CAGR of 7% from2018to2030 .
Product Definition:
Paralleling Switchgear is a device used to connect two or more electrical power sources together so that they can operate as one. This is important because it allows for backup power in the event of a failure with one of the sources.
Linear Industrial Paralleling Switchgear:
It is mainly employed to protect the electrical equipment installed in industries from high-voltage short circuits and voltage fluctuations. The product finds application across various industries including oil & gas, chemical, cement, paper & pulp and power generation among others which have high voltage installations.
Ring Industrial Paralleling Switchgear:
Paralleling switchgear is a type of switchgear system that enables two or more power supplies to be connected in parallel to the same load. It is used where it is necessary to tap additional capacity from a main feeder circuit, and also where extra circuits are required for redundancy.
The key benefit of paralleling switchgear systems over single-phase systems (which can only provide one output) makes them suitable for industrial applications such as chemical plants, refineries,.
Application Insights:
The construction and engineering application segment accounted for the largest market share of over 30% in 2017. The growth is attributed to the growing demand from countries, such as India, China, Japan and Australia for industrial infrastructure to support rising manufacturing sectors. In addition, rapid urbanization in developing countries like Brazil and South Africa is expected to increase paralleling switchgear requirement in construction applications over the forecast period.
The data center/coloocation application segment is anticipated to witness significant growth owing to increasing cloud-based services across various industries.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing industrialization and urbanization in emerging economies, such as China and India. In addition, rising demand for electricity in rural areas coupled with growing population is anticipated to drive paralleling switchgear market growth across this region.
The Middle East & Africa accounted for a significant share of global revenue owing to large oil & gas reserves present across this region. Moreover, government initiatives encouraging investments in power generation are likely to boost industry expansion over the coming years.
North America was valued at USD X million in 2017 and it is expected witness moderate growth rate during the forecast period owing to high level of technological advancement observed within U S.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Rapid deployment of renewable energy sources such as solar and wind power
- Favorable government policies and regulations for the use of renewable energy sources
- Growing concerns about climate change and air pollution
- Technological advancements in the field of electrical engineering
Scope Of The Report
Report Attributes
Report Details
Report Title
Paralleling Switchgear Market Research Report
By Type
Linear Industrial Paralleling Switchgear, Ring Industrial Paralleling Switchgear
By Application
Construction and Engineering, Data Center/Colocation, Education, Government, Healthcare, Power Generation, Retail and Wholesale, Telecom, Transportation
By Companies
Advanced Power Technologies(USA), Industrial Electric MFG(USA), Geindustrial(USA), ASCO Power Technologies(USA), Caterpillar(USA), Kohler(USA)
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Paralleling Switchgear Market Report Segments:
The global Paralleling Switchgear market is segmented on the basis of:
Types
Linear Industrial Paralleling Switchgear, Ring Industrial Paralleling Switchgear
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
Construction and Engineering, Data Center/Colocation, Education, Government, Healthcare, Power Generation, Retail and Wholesale, Telecom, Transportation
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:
- Advanced Power Technologies(USA)
- Industrial Electric MFG(USA)
- Geindustrial(USA)
- ASCO Power Technologies(USA)
- Caterpillar(USA)
- Kohler(USA)
Highlights of The 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:
- Linear Industrial Paralleling Switchgear
- Ring Industrial Paralleling Switchgear
- By Application:
- Construction and Engineering
- Data Center/Colocation
- Education
- Government
- Healthcare
- Power Generation
- Retail and Wholesale
- Telecom
- Transportation
- 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 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Paralleling switchgear is a type of electrical equipment that can be used to duplicate or mirror the output of one circuit in order to provide an alternate path for the flow of electricity. This allows for more efficient use of power and greater reliability in systems.
Some of the major players in the paralleling switchgear market are Advanced Power Technologies(USA), Industrial Electric MFG(USA), Geindustrial(USA), ASCO Power Technologies(USA), Caterpillar(USA), Kohler(USA).
The 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 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 Paralleling Switchgear Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 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 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 Paralleling Switchgear Market Size & Forecast, 2020-2028
4.5.1 Paralleling Switchgear Market Size and Y-o-Y Growth
4.5.2 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 Linear Industrial Paralleling Switchgear
5.2.2 Ring Industrial Paralleling Switchgear
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 Construction and Engineering
6.2.2 Data Center/Colocation
6.2.3 Education
6.2.4 Government
6.2.5 Healthcare
6.2.6 Power Generation
6.2.7 Retail and Wholesale
6.2.8 Telecom
6.2.9 Transportation
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 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 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 Linear Industrial Paralleling Switchgear
9.6.2 Ring Industrial Paralleling Switchgear
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 Construction and Engineering
9.10.2 Data Center/Colocation
9.10.3 Education
9.10.4 Government
9.10.5 Healthcare
9.10.6 Power Generation
9.10.7 Retail and Wholesale
9.10.8 Telecom
9.10.9 Transportation
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 Linear Industrial Paralleling Switchgear
10.6.2 Ring Industrial Paralleling Switchgear
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 Construction and Engineering
10.10.2 Data Center/Colocation
10.10.3 Education
10.10.4 Government
10.10.5 Healthcare
10.10.6 Power Generation
10.10.7 Retail and Wholesale
10.10.8 Telecom
10.10.9 Transportation
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 Linear Industrial Paralleling Switchgear
11.6.2 Ring Industrial Paralleling Switchgear
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 Construction and Engineering
11.10.2 Data Center/Colocation
11.10.3 Education
11.10.4 Government
11.10.5 Healthcare
11.10.6 Power Generation
11.10.7 Retail and Wholesale
11.10.8 Telecom
11.10.9 Transportation
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 Linear Industrial Paralleling Switchgear
12.6.2 Ring Industrial Paralleling Switchgear
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 Construction and Engineering
12.10.2 Data Center/Colocation
12.10.3 Education
12.10.4 Government
12.10.5 Healthcare
12.10.6 Power Generation
12.10.7 Retail and Wholesale
12.10.8 Telecom
12.10.9 Transportation
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 Linear Industrial Paralleling Switchgear
13.6.2 Ring Industrial Paralleling Switchgear
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 Construction and Engineering
13.10.2 Data Center/Colocation
13.10.3 Education
13.10.4 Government
13.10.5 Healthcare
13.10.6 Power Generation
13.10.7 Retail and Wholesale
13.10.8 Telecom
13.10.9 Transportation
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 Paralleling Switchgear Market: Competitive Dashboard
14.2 Global Paralleling Switchgear Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Advanced Power Technologies(USA)
14.3.2 Industrial Electric MFG(USA)
14.3.3 Geindustrial(USA)
14.3.4 ASCO Power Technologies(USA)
14.3.5 Caterpillar(USA)
14.3.6 Kohler(USA)
