Paralleling Switchgear Market by End-User (Industrial, Commercial), Application (Prime, Standby and Peak shave), Transition Type (Open Transition and Closed Transition), Voltage (Low Voltage and Medium Voltage), and Region - Global Forecast to 2023
[131 Pages Report] The global paralleling switchgear market reached a size of USD 1.10 Billion in 2017 and is projected to reach USD 1.55 Billion by 2023, growing at a CAGR of 5.82% from 2018 to 2023. Increasing investments in distributed generation, ageing and overburdening of power grids, and investments in industrial sectors such as power generation, oil & gas, telecommunication, construction, and mining in the Asia Pacific, the Middle East, and Europe are driving the market for paralleling switchgear.
Objectives of the Study
- To define, describe, and segment the global paralleling switchgear market based on application, voltage, transition type, end-user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future projections, and the contribution of each segment to the market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To track and analyze competitive developments such as contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and partnerships and collaborations in the paralleling switchgear market
- To strategically profile key players and comprehensively analyze their market ranking and core competencies
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the paralleling switchgear market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points below explain the research methodology.
- Study of the annual revenues and market developments of the major players that supply paralleling switchgear
- Assessment of future trends and growth of end-users
- Assessment of the market with respect to the technology used for different applications
- Study of contracts and developments related to the paralleling switchgear market by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying paralleling switchgear across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study, based on the company type, designation, and region.
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Some of the leading global manufacturers of paralleling switchgear are GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), and Schneider Electric (France).
Target Audience:
The reports 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
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
- Industrial
- By Region
- Asia Pacific
- Europe
- North America
- South America
- Middle East & Africa
Note: Others in industrial end-user includes wastewater treatment, mining, marine, chemical, and process industry
Others in commercial end-user includes Airports, Retail Complexes, and Public Infrastructure
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of region/country-specific analysis
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
The paralleling switchgear market is estimated to reach a market size of USD 1.17 Billion in 2018 and would grow at a CAGR of 5.82% from 2018 to 2023. Increasing share of distributed generation, ageing and overburdening of power grids, and investment in industrial and commercial sectors such as oil & gas, telecommunication, construction, and mining are the key factors driving the paralleling switchgear market during the forecast period.
The report segments the paralleling switchgear market, by end-user, into industrial and commercial. The industrial segment led the market in 2017 as paralleling switchgear is used to provide backup power in every industrial setup to support critical loads. They are also placed along with generators at remote locations such as oil & gas and mining sites as the prime source of power.
The global paralleling switchgear market, by application, has been segmented into prime, standby, and peak shave. The standby segment is estimated to grow at the highest rate. Standby generators are a necessity to maintain continuity of power in many industries such as healthcare, data centers, and process industry.
The report further segments the paralleling switchgear market, by voltage, into low and medium. The low voltage segment is estimated to grow at the highest CAGR during the forecast period. The growing demand from the construction and telecommunications sectors is driving the low voltage segment, especially in countries such as China, India, Germany, US, Thailand, Vietnam, Malaysia, and Nigeria. Low voltage paralleling switchgear is preferred for industrial operations due to safer operations and in housing ability of multiple equipments at the same place. A rise in demand from the industrial sector is expected to drive the growth of the low voltage global paralleling switchgear market 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 and Africa. Asia Pacific is expected to dominate the market during the forecast period due to growing industrialization and increased investments in public infrastructure, especially in China, India, and countries in South-East Asia. The figure below shows the projected market size of various regions with respective CAGRs for 2023.
The major factor restraining the growth of the paralleling switchgear market is the high cost of implementation and complexity of paralleling switchgear control systems.
Some of the leading players in the paralleling switchgear market are GE (US), Kohler (US), Caterpillar (US), Cummins (US), and Schneider Electric (France). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the paralleling switchgear market.
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Market Opportunities in the Paralleling Switchgear Market, 20182023
4.2 Market, By Application
4.3 Market, By Transition Type
4.4 Market, By End User
4.5 Market, By Region
4.6 Asia Pacific Paralleling Switchgear Market
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Need for Reliable and Uninterrupted Power Supply
5.2.1.2 Ageing and Overburdened Power Grid in Developed Nations
5.2.1.3 Growth in Healthcare, Data Centers, and BFSI Sector
5.2.2 Restraints
5.2.2.1 Cost Constraint and Complexity in Control System
5.2.3 Opportunities
5.2.3.1 Emerging Distributed Generation Opportunities
5.2.4 Challenges
5.2.4.1 Alternative Power Technologies in Key End-User Segments
6 Market, By Application (Page No. - 41)
6.1 Introduction
6.2 Prime
6.3 Standby
6.4 Peak Shave
7 Market, By End User (Page No. - 46)
7.1 Introduction
7.2 Industrial
7.2.1 Utilities/ Power Generation
7.2.2 Oil & Gas
7.2.3 Other Industrial
7.3 Commercial
7.3.1 IT & Telecom
7.3.2 Healthcare
7.3.3 Other Commercial
8 Market, By Transition Type (Page No. - 55)
8.1 Introduction
8.2 Open Transition
8.3 Closed Transition
9 Market, By Voltage (Page No. - 59)
9.1 Introduction
9.2 Low Voltage
9.3 Medium Voltage
10 Market, By Region (Page No. - 63)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Application
10.2.2 By Transition Type
10.2.3 By Voltage
10.2.4 By End User
10.2.5 By Country
10.2.5.1 China
10.2.5.2 India
10.2.5.3 Japan
10.2.5.4 South Korea
10.2.5.5 Australia
10.2.5.6 Rest of Asia Pacific
10.3 North America
10.3.1 By Application
10.3.2 By Transition Type
10.3.3 By Voltage
10.3.4 By End User
10.3.5 By Country
10.3.5.1 US
10.3.5.2 Canada
10.3.5.3 Mexico
10.4 Europe
10.4.1 By Application
10.4.2 By Transition Type
10.4.3 By Voltage
10.4.4 By End User
10.4.5 By Country
10.4.5.1 Russia
10.4.5.2 UK
10.4.5.3 Germany
10.4.5.4 France
10.4.5.5 Rest of Europe
10.5 Middle East & Africa
10.5.1 By Application
10.5.2 By Transition Type
10.5.3 By Voltage
10.5.4 By End User
10.5.5 By Country
10.5.5.1 Saudi Arabia
10.5.5.2 UAE
10.5.5.3 Kuwait
10.5.5.4 Iran
10.5.5.5 South Africa
10.5.5.6 Rest of the Middle East & Africa
10.6 South America
10.6.1 By Application
10.6.2 By Transition Type
10.6.3 By Voltage
10.6.4 By End User
10.6.5 By Country
10.6.5.1 Brazil
10.6.5.2 Argentina
10.6.5.3 Rest of South America
11 Competitive Landscape (Page No. - 96)
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Contracts & Agreements,20142018
11.3.2 Expansions & Investments,20142017
11.3.3 New Product Launches,20142018
11.3.4 Mergers & Acquisitions,20142017
11.3.5 Partnerships, 2017
12 Company Profiles (Page No. - 101)
12.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.2 GE
12.3 Caterpillar
12.4 Cummins
12.5 Rolls-Royce (MTU Onsite Energy)
12.6 Kohler
12.7 Pioneer Power Solutions (Pioneer Critical Power)
12.8 Regal Beloit Corporation (Thomson Power Systems)
12.9 Schneider Electric (Asco Power Technologies)
12.10 Advanced Power Technologies
12.11 Enercon Engineering
12.12 Industrial Electric Mfg
12.13 Russelectric
*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 123)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (73 Tables)
Table 1 Global Paralleling Switchgear Market Snapshot
Table 2 Global Health Spending Per GDP (%), 20142040
Table 3 New Data Center Projects Announced in the Us, 20162017
Table 4 Global Distributed Power Growth, 20002020
Table 5 Paralleling Switchgear Market, By Application, 20162023 (USD Million)
Table 6 Prime: Market, By Region, 20162023 (USD Million)
Table 7 Standby: Market, By Region, 20162023 (USD Million)
Table 8 Peak Shave: Market, By Region, 20162023 (USD Million)
Table 9 Paralleling Switchgear Market, By End User, 20162023 (USD Million)
Table 10 Industrial: Market, By Region, 20162023 (USD Million)
Table 11 Utilities/ Power Generation: Market, By Region, 20162023 (USD Million)
Table 12 Oil & Gas: Market, By Region, 20162023 (USD Million)
Table 13 Other Industrial: Market, By Region, 20162023 (USD Million)
Table 14 Commercial: Market, By Region, 20162023 (USD Million)
Table 15 IT & Telecom: Market, By Region, 20162023 (USD Million)
Table 16 Healthcare: Market, By Region, 20162023 (USD Million)
Table 17 Other Commercial: Market, By Region, 20162023 (USD Million)
Table 18 Paralleling Switchgear Market, By Stage, 20162023 (USD Million)
Table 19 Open Transition: Market, By Region, 20162023 (USD Million)
Table 20 Closed Transition: Market, By Region, 20162023 (USD Million)
Table 21 Paralleling Switchgear Market Size, By Voltage, 20162023 (USD Million)
Table 22 Low Voltage: Market Size, By Region, 20162023 (USD Million)
Table 23 Medium Voltage: Market Size, By Region, 20162023 (USD Million)
Table 24 Paralleling Switchgear Market, By Region, 20182023 (USD Million)
Table 25 Asia Pacific: Market, By Application, 20162023 (USD Million)
Table 26 Asia Pacific: Market, By Transition Type, 20162023 (USD Million)
Table 27 Asia Pacific: Market, By Voltage, 20162023 (USD Million)
Table 28 Asia Pacific: Market, By End User, 20162023 (USD Million)
Table 29 Asia Pacific: Market, By Country, 20162023 (USD Million)
Table 30 China: Market, By End User, 20162023 (USD Million)
Table 31 India: Market, By End User, 20162023 (USD Million)
Table 32 Japan: Market, By End User, 20162023 (USD Million)
Table 33 South Korea: Market, By End User, 20162023 (USD Million)
Table 34 Australia: Market, By End User, 20162023 (USD Million)
Table 35 Rest of Asia Pacific: Market, By End User, 20162023 (USD Million)
Table 36 North America: Market, By Application, 20162023 (USD Million)
Table 37 North America: Market, By Transition Type, 20162023 (USD Million)
Table 38 North America: Market, By Voltage, 20162023 (USD Million)
Table 39 North America: Market, By End User, 20162023 (USD Million)
Table 40 North America: Market, By Country, 20162023 (USD Million)
Table 41 US: Market, By End User, 20162023 (USD Million)
Table 42 Canada: Market, By End User, 20162023 (USD Million)
Table 43 Mexico: Market, By End User, 20162023 (USD Million)
Table 44 Europe: Market, By Application, 20162023 (USD Million)
Table 45 Europe: Market, By Transition Type, 20162023 (USD Million)
Table 46 Europe: Market, By Voltage, 20162023 (USD Million)
Table 47 Europe: Market, By End User, 20162023 (USD Million)
Table 48 Europe: Market, By Country, 20162023 (USD Million)
Table 49 Russia: Market, By End User, 20162023 (USD Million)
Table 50 UK: Market, By End User, 20162023 (USD Million)
Table 51 Germany: Market, By End User, 20162023 (USD Million)
Table 52 France: Market, By End User, 20162023 (USD Million)
Table 53 Rest of Europe: Market, By End User, 20162023 (USD Million)
Table 54 Middle East & Africa: Market, By Application, 20162023 (USD Million)
Table 55 Middle East & Africa: Market, By Transition Type, 20162023 (USD Million)
Table 56 Middle East & Africa: Market, By Voltage, 20162023 (USD Million)
Table 57 Middle East & Africa: Market, By End User, 20162023 (USD Million)
Table 58 Middle East & Africa: Market, By Country, 20162023 (USD Million)
Table 59 Saudi Arabia: Market, By End User, 20162023 (USD Million)
Table 60 UAE: Market, By End User, 20162023 (USD Million)
Table 61 Kuwait: Market, By End User, 20162023 (USD Million)
Table 62 Iran: Market, By End User, 20162023 (USD Million)
Table 63 South Africa: Market, By End User, 20162023 (USD Million)
Table 64 Rest of the Middle East & Africa: Market, By End User, 20162023 (USD Million)
Table 65 South America: Market, By Application, 20162023 (USD Million)
Table 66 South America: Market, By Transition Type, 20162023 (USD Million)
Table 67 South America: Market, By Voltage, 20162023 (USD Million)
Table 68 South America: Market, By End User, 20162023 (USD Million)
Table 69 South America: Market, By Country, 20162023 (USD Million)
Table 70 Brazil: Market, By End User, 20162023 (USD Million)
Table 71 Argentina: Market, By End User, 20162023 (USD Million)
Table 72 Rest of South America: Market, By End User, 20162023 (USD Million)
Table 73 Market Developments Between 2014 and 2017
List of Figures (36 Figures)
Figure 1 Paralleling Switchgear Market Segmentation
Figure 2 Paralleling Switchgear Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Industrial Segment is Expected to Dominate the Market During the Forecast Period (USD Billion)
Figure 8 Open Transition Segment is Expected Dominate the Market From 2018 to 2023
Figure 9 Low Voltage Segment is Expected Dominate the Market From 2018 to 2023
Figure 10 Standby Segment is Expected to Dominate the Market From 2018 to 2023
Figure 11 Asia Pacific Held the Largest Share in the Market in 2017
Figure 12 Growing Investments in Key End-User Industries and Rising Demand for Reliable Power Supply are Driving the Market
Figure 13 The Standby Market is Expected to Grow at the Fastest Rate During the Forecast Period
Figure 14 Open Transition Segment is Estimated to Dominate the Market in 2018
Figure 15 Industrial Segment is Expected to Grow at the Higher CAGR From 2018 to 2023
Figure 16 Paralleling Switchgear Market in India is Expected to Grow at the Highest CAGR From 2018 to 2023
Figure 17 The Market in China Accounted for the Largest Share of the Asia Pacific Market in 2017
Figure 18 Market Dynamics: Market
Figure 19 Standby Segment is Expected to Grow at the Fastest CAGR in the Market During the Forecast Period
Figure 20 Industrial Sector is Expected to Grow at the Fastest CAGR in the Market During the Forecast Period
Figure 21 Average Cost of Unplanned Data Center Outages, 2017
Figure 22 Closed Transition Segment is Expected to Grow at the Fastest CAGR in the Market During the Forecast Period
Figure 23 Low Voltage Segment is Expected to Grow at the Fastest CAGR in the Market During the Forecast Period
Figure 24 Regional Snapshot: Rapid Growth in Developing Markets, 20182023
Figure 25 Asia Pacific: the Fastest Growing Market, 20182023
Figure 26 Asia Pacific: Market Snapshot
Figure 27 North America: Market Snapshot
Figure 28 Key Developments in the Market, 20142018
Figure 29 Paralleling Switchgear Market, Ranking By Value, 2017
Figure 30 GE: Company Snapshot
Figure 31 Caterpillar: Company Snapshot
Figure 32 Cummins: Company Snapshot
Figure 33 Rolls-Royce: Company Snapshot
Figure 34 Pioneer Power Solutions: Company Snapshot
Figure 35 Regal Beloit Corporation: Company Snapshot
Figure 36 Schneider Electric: Company Snapshot
Growth opportunities and latent adjacency in Paralleling Switchgear Market