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.

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107294848

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.

Target Audience:

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

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=107294848

Scope of the report:

• By Application
  • Prime
  • Standby
  • Peak shave
• By Transition Type
  • Open Transition
  • Closed Transition
• By Voltage Type
  • Low voltage
  • Medium voltage
• By End User
  • Industrial
    • Utilities/Power Generation
    • Oil & Gas
    • Others
  • Commercial
    • IT & Telecom
    • Healthcare
    • Others
• By Region
  • Asia Pacific
  • Europe
  • North America
  • South America
  • Middle East & Africa

Ask for Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=107294848

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).