Rising Demand for Reliable Power Supply is Driving the Paralleling Switchgear Market
Paralleling Switchgear Market Overview:-
According MarketsandMarkets™ Research – 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.
Objectives...
Paralleling Switchgear Market Expected to Witness the Highest Growth during 2018-2023
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,...