According to TechSci Research, Global Paralleling Switchgear Market is projected to reach USD 1.59 Billion by 2024, growing at a CAGR of over 5% from 2014-2024 owing to increasing investments in industrial sectors such as telecommunication, power generation, oil & gas, construction, growing investments in distributed generation, ageing and overburdening of power grids. Based on End-User segment, the market has been categorised into Industrial and Commercial segment.
In 2018, the industrial segment dominated the market due to increasing demand for power from power generation sector and rising demand from finance and e-commerce sectors. APAC region is predictable to dominate the paralleling switchgear market during 2014-2024 due to growing industrialization and increasing investments in public infrastructure. Some of the leading players in the paralleling switchgear market are Caterpillar, Cummins, Schneider Electric, GE among others.
Years considered for this report:
Historical Year: 2014 – 2017
Base Year: 2018
Estimated: 2019
Forecast: 2020 – 2024
Objective of the Study:
- To analyse and forecast the market size of Paralleling Switchgear Market, in terms of value and volume.
- To classify and forecast Global Paralleling Switchgear Market based on transition type, voltage type, end user and regional distribution.
- To identify drivers and challenges for Global Paralleling Switchgear Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Paralleling Switchgear Market.
- To conduct the pricing analysis for Paralleling Switchgear Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Global Paralleling Switchgear Market.
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Some of the leading players in the Global Paralleling Switchgear Market are GE, Caterpillar, Rolls-Royce, Pioneer Power Solutions, Schneider Electric, Russelectric, Cummins, Kohler, Regal Beloit Corporation, Advanced Power Technologies etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.
TechSci Research calculated the market size of Global Paralleling Switchgear Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
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- Paralleling Switchgear Manufacturers
- Consulting companies in the end-user sector
- Process and manufacturing plants
- Consulting companies in the energy and power sector
- Traders, Distributors, and Suppliers
- Industry associations and experts
- Research organizations and consulting companies.
- Research Institutes
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Paralleling Switchgear Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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- Market, By Transition Type:
- Open Transition
- Closed Transition
- Market, By Voltage Type:
- Low Voltage
- Medium Voltage
- Market, By End-User:
- Commercial
- Industrial
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
- Market, By Transition Type:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Paralleling Switchgear Market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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