Paralleling Switchgear Market Research Report – Forecast to 2027

Global Paralleling Switchgear Market Research Report: Information by Voltage (Low Voltage, and Medium Voltage), by Application (Prime, Standby and Peak Shave), by End-Use (Commercial, Industrial, Utilities and Others) and By Region - Forecast till 2027

ID: MRFR/E&P/4552-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario


Paralleling switchgear is a combination of metering, control & switching and protection elements acting as an integrated system to control the distribution of power for emergency systems, standby systems, critical operation power systems (COPS) and optional standby systems. Increasing stake of distributed generation, maturing and overloading of power grids, and investment in commercial and industrial sectors such as construction, oil & gas, mining and telecommunication are the key factors driving the paralleling switchgear market.


Global paralleling switchgear market has been segmented based on voltage, application, end user and region. Based on voltage, the market is segmented into low voltage, and medium voltage. Among these, the low voltage, is projected to dominate the paralleling switchgear market through 2023. The rising demand from the construction and telecommunications sectors is propelling the low voltage segment, particularly in countries such as China, India, Germany, and U.S. Low voltage paralleling switchgear is favored for industrial operations owing to safer operations and in housing capability of numerous assemblies of equipment at an identical place. An upsurge in demand from the industrial sector is anticipated to boost the evolution of the low voltage global paralleling switchgear market over the forecast period. Based on application, the market is segmented into prime, standby and peak shave. Standby segment had been dominating the market in 2016 and is projected to be the fastest-growing application segment. Standby generators are a way to maintain the stability of power in many industries such as healthcare, data centers, and process industry. Based on the end user, the market is segmented into commercial, industrial, utilities and others. Industrial had been dominating the market in 2016 and is projected to be the fastest-growing end user over the next five years. Industrial segment is propelled by factors such as the growing demand for critical power from industries in developing regions of Asia Pacific and Middle East & Africa. Focus on data center services directed by increasing demand from finance and e-commerce sectors and huge investments in public infrastructure schemes by governments worldwide are the significant drivers of the industrial segment of paralleling switchgear market.


The paralleling switchgear market is projected to have enormous developments over the forecast period owing to continuous technological advancement in energy sector tied with rising power demand. The market is also likely to have a huge number of expansion activities by global and well-established firms. Mergers and acquisition activities are anticipated to be seen during the forecast period with several contracts and agreements among the top EPC contractors and Government across the globe.


Global paralleling switchgear market is expected to expand at ~ 5.5% CAGR during the forecast period.


Market Segmentation


 paralleling switchgear market


Global Paralleling Switchgear Market


The global paralleling switchgear market is estimated to observe a phenomenal growth over the forecast period. This is due to the substantial growth in the conventional and non-conventional power sector and rise in energy demand has propelled the paralleling switchgear market in various regions. The growth is primarily attributed due to the upgrade of ageing utility infrastructure and rising investments in the renewable energy sector have enhanced paralleling switchgear market in numerous countries, which is probable to continue over the forecast years. Asia Pacific region is expected to expand at the highest CAGR during the forecast period, wherein China was the major country-level market followed by India and Japan. Upsurge in population with tremendous energy demand growth has led to extraordinary growth for industrial, commercial and residential infrastructure in the region and consequently led to the growth of paralleling switchgear market.


Key Players


The key players of global paralleling switchgear market are General Electric Company (U.S.), Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Rolls-Royce (MTU Onsite Energy) (U.K.), Kohler Co. (U.S.), and Pioneer Power Solutions. (U.S.). Regal Beloit Corporation (U.S.), Schneider Electric SE. (France), Advanced Power Technologies. (U.S.), Enercon Engineering, Inc. (U.S.), Industrial Electric Mfg (U.S.), and Russelectric Inc. (U.S.) are among others.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5.5% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Voltage, Application, End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   General Electric Company (U.S.), Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Rolls-Royce (MTU Onsite Energy) (U.K.), Kohler Co. (U.S.), and Pioneer Power Solutions. (U.S.). Regal Beloit Corporation (U.S.), Schneider Electric SE. (France), Advanced Power Technologies. (U.S.), Enercon Engineering, Inc. (U.S.), Industrial Electric Mfg (U.S.), and Russelectric Inc. (U.S.)
  Key Market Opportunities   Gradual Recovery Of construction, oil & gas, mining and telecommunication
  Key Market Drivers

  • Increasing stake of distributed generation
  • Maturing and overloading of power grids
  • Investment in commercial and industrial sectors


  • Frequently Asked Questions (FAQ) :


    A 5.5 % CAGR is predicted to be gained by eh market.

    A flourishing income level in the market is anticipated to shape the market in the forthcoming period.

    Pioneer Power Solutions. (U.S.), Kohler Co. (U.S.), Regal Beloit Corporation (U.S.), Advanced Power Technologies. (U.S.) and Schneider Electric SE. (France) are a few of the businesses in the market.

    The APAC region is expected to motivate the global market in the upcoming period steadily.

    The intensifying share of distributed generation is anticipated to transform the market.

    TABLE OF CONTENT

    1 Executive Summary

    2 Scope of the Report

    2.1 Market Definition

    2.2 Scope of the Study

    2.2.1 Definition

    2.2.2 Research Objective

    2.2.3 Assumptions

    2.2.4 Limitations

    2.3 Research Process

    2.3.1 Primary Research

    2.3.2 Secondary Research

    2.4 Market Size Estimation

    2.5 Forecast Model

    3 Market Landscape

    3.1 Porter’s Five Forces Analysis

    3.1.1 Threat of New Entrants

    3.1.2 Bargaining Power of Buyers

    3.1.3 Bargaining Power of Suppliers

    3.1.4 Threat of Substitutes

    3.1.5 Segment Rivalry

    3.2 Value Chain/Supply Chain Analysis

    4 Market Dynamics

    4.1 Introduction

    4.2 Market Drivers

    4.3 Market Restraints

    4.4 Market Opportunities

    4.5 Market Trends

    5 Global Paralleling Switchgear Market by Voltage

    5.1 Introduction

    5.2 Low Voltage

    5.2.1 Market Estimates & Forecast, 2020-2027

    5.2.2 Market Estimates & Forecast by Region, 2020-2027

    5.3 Medium Voltage

    5.3.1 Market Estimates & Forecast, 2020-2027

    5.3.2 Market Estimates & Forecast by Region, 2020-2027

    6 Global Paralleling Switchgear Market, By Application

    6.1 Introduction

    6.2 Prime

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.2.2 Market Estimates & Forecast by Region, 2020-2027

    6.3 Standby

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.3.2 Market Estimates & Forecast by Region, 2020-2027

    6.4 Peak Shave

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.4.2 Market Estimates & Forecast by Region, 2020-2027

    7 Global Paralleling Switchgear Market, By End-use

    7.1 Introduction

    7.2 Commercial

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.2.2 Market Estimates & Forecast by Region, 2020-2027

    7.3 Industrial

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.3.2 Market Estimates & Forecast by Region, 2020-2027

    7.4 Utilities

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.4.2 Market Estimates & Forecast by Region, 2020-2027

    7.5 Others

    7.5.1 Market Estimates & Forecast, 2020-2027

    7.5.2 Market Estimates & Forecast by Region, 2020-2027

    8 Global Paralleling Switchgear Market, By Region

    8.1 Introduction

    8.2 North America

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.2.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.2.3 Market Estimates & Forecast by Application, 2020-2027

    8.2.4 Market Estimates & Forecast by End-use, 2020-2027

    8.2.5 U.S.

    8.2.5.1 Market Estimates & Forecast, 2020-2027

    8.2.5.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.2.5.3 Market Estimates & Forecast by Application, 2020-2027

    8.2.5.4 Market Estimates & Forecast by End-use, 2020-2027

    8.2.6 Canada

    8.2.6.1 Market Estimates & Forecast, 2020-2027

    8.2.6.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.2.6.3 Market Estimates & Forecast by Application, 2020-2027

    8.2.6.4 Market Estimates & Forecast by End-use, 2020-2027

    8.3 Europe

    8.3.1 Market Estimates & Forecast, 2020-2027

    8.3.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.3.3 Market Estimates & Forecast by Application, 2020-2027

    8.3.4 Market Estimates & Forecast by End-use, 2020-2027

    8.3.5 U.K

    8.3.5.1 Market Estimates & Forecast, 2020-2027

    8.3.5.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.3.5.3 Market Estimates & Forecast by Application, 2020-2027

    8.3.5.4 Market Estimates & Forecast by End-use, 2020-2027

    8.3.6 Germany

    8.3.6.1 Market Estimates & Forecast, 2020-2027

    8.3.6.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.3.6.3 Market Estimates & Forecast by Application, 2020-2027

    8.3.6.4 Market Estimates & Forecast by End-use, 2020-2027

    8.3.7 France

    8.3.7.1 Market Estimates & Forecast, 2020-2027

    8.3.7.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.3.7.3 Market Estimates & Forecast by Application, 2020-2027

    8.3.7.4 Market Estimates & Forecast by End-use, 2020-2027

    8.3.8 Spain

    8.3.8.1 Market Estimates & Forecast, 2020-2027

    8.3.8.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.3.8.3 Market Estimates & Forecast by Application, 2020-2027

    8.3.8.4 Market Estimates & Forecast by End-use, 2020-2027

    8.3.9 Rest of Europe

    8.3.9.1 Market Estimates & Forecast, 2020-2027

    8.3.9.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.3.9.3 Market Estimates & Forecast by Application, 2020-2027

    8.3.9.4 Market Estimates & Forecast by End-use, 2020-2027

    8.4 Asia Pacific

    8.4.1 Market Estimates & Forecast, 2020-2027

    8.4.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.4.3 Market Estimates & Forecast by Application, 2020-2027

    8.4.4 Market Estimates & Forecast by End-use, 2020-2027

    8.4.5 China

    8.4.5.1 Market Estimates & Forecast, 2020-2027

    8.4.5.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.4.5.3 Market Estimates & Forecast by Application, 2020-2027

    8.4.5.4 Market Estimates & Forecast by End-use, 2020-2027

    8.4.6 Japan

    8.4.6.1 Market Estimates & Forecast, 2020-2027

    8.4.6.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.4.6.3 Market Estimates & Forecast by Application, 2020-2027

    8.4.6.4 Market Estimates & Forecast by End-use, 2020-2027

    8.4.7 India

    8.4.7.1 Market Estimates & Forecast, 2020-2027

    8.4.7.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.4.7.3 Market Estimates & Forecast by Application, 2020-2027

    8.4.7.4 Market Estimates & Forecast by End-use, 2020-2027

    8.4.8 Rest of Asia Pacific

    8.4.8.1 Market Estimates & Forecast, 2020-2027

    8.4.8.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.4.8.3 Market Estimates & Forecast by Application, 2020-2027

    8.4.8.4 Market Estimates & Forecast by End-use, 2020-2027

    8.5 Rest of the World

    8.5.1 Market Estimates & Forecast, 2020-2027

    8.5.2 Market Estimates & Forecast by Voltage , 2020-2027

    8.5.3 Market Estimates & Forecast by Application, 2020-2027

    8.5.4 Market Estimates & Forecast by End-use, 2020-2027

    9 Competitive Landscape

    10 Company Profile

    10.1 General Electric Company

    10.1.1 Company Overview

    10.1.2 Applications/Services Offering

    10.1.3 Financial Overview

    10.1.4 Key Developments

    10.1.5 Strategy

    10.1.6 SWOT Analysis

    10.2 Caterpillar Inc.

    10.2.1 Company Overview

    10.2.2 Voltage/Services Offering

    10.2.3 Financial Overview

    10.2.4 Key Developments

    10.2.5 Strategy

    10.2.6 SWOT Analysis

    10.3 Cummins Inc.

    10.3.1 Company Overview

    10.3.2 Applications /Services Offering

    10.3.3 Financial Overview

    10.3.4 Key Developments

    10.3.5 Strategy

    10.3.6 SWOT Analysis

    10.4 Rolls-Royce (MTU Onsite Energy)

    10.4.1 Company Overview

    10.4.2 Applications /Services Offering

    10.4.3 Financial Overview

    10.4.4 Key Developments

    10.4.5 Strategy

    10.4.6 SWOT Analysis

    10.5 Kohler Co.

    10.5.1 Company Overview

    10.5.2 Applications /Services Offering

    10.5.3 Financial Overview

    10.5.4 Key Developments

    10.5.5 Strategy

    10.5.6 SWOT Analysis

    10.6 Pioneer Power Solutions

    10.6.1 Company Overview

    10.6.2 Applications /Services Offering

    10.6.3 Financial Overview

    10.6.4 Key Developments

    10.6.5 Strategy

    10.6.6 SWOT Analysis

    10.7 Regal Beloit Corporation

    10.7.1 Company Overview

    10.7.2 Applications /Services Offering

    10.7.3 Financial Overview

    10.7.4 Key Developments

    10.7.5 Strategy

    10.7.6 SWOT Analysis

    10.8 Schneider Electric SE

    10.8.1 Company Overview

    10.8.2 Voltage s/Services Offering

    10.8.3 Financial Overview

    10.8.4 Key Developments

    10.8.5 Strategy

    10.8.6 SWOT Analysis

    10.9 Advanced Power Technologies

    10.9.1 Company Overview

    10.9.2 Applications /Services Offering

    10.9.3 Financial Overview

    10.9.4 Key Developments

    10.9.5 Strategy

    10.9.6 SWOT Analysis

    10.10 Enercon Engineering Inc.

    10.10.1 Company Overview

    10.10.2 Applications /Services Offering

    10.10.3 Financial Overview

    10.10.4 Key Developments

    10.10.5 Strategy

    10.10.6 SWOT Analysis

    10.11 Industrial Electric Mfg

    10.11.1 Company Overview

    10.11.2 Applications /Services Offering

    10.11.3 Financial Overview

    10.11.4 Key Developments

    10.11.5 Strategy

    10.11.6 SWOT Analysis

    10.12 Russelectric Inc.

    10.12.1 Company Overview

    10.12.2 Voltage s/Services Offering

    10.12.3 Financial Overview

    10.12.4 Key Developments

    10.12.5 Strategy

    10.12.6 SWOT Analysis

    LIST OF TABLES

    Table 1 Global Paralleling Switchgear Market: By Region, 2020-2027

    Table 2 North America Paralleling Switchgear Market: By Country, 2020-2027

    Table 3 Europe Paralleling Switchgear Market: By Country, 2020-2027

    Table 4 Asia Pacific Paralleling Switchgear Market: By Country, 2020-2027

    Table 5 RoW Paralleling Switchgear Market: By Country, 2020-2027

    Table 6 Global Paralleling Switchgear Market by Voltage , By Regions, 2020-2027

    Table 7 North America Paralleling Switchgear Market by Voltage , By Country, 2020-2027

    Table 8 Europe Paralleling Switchgear Market, by Voltage , By Country, 2020-2027

    Table 9 Asia Pacific Paralleling Switchgear Market by Voltage , By Country, 2020-2027

    Table 10 RoW Paralleling Switchgear Market by Voltage , By Country, 2020-2027

    Table 11 Global Paralleling Switchgear by Application: By Regions, 2020-2027

    Table 12 North America Paralleling Switchgear Market by Application: By Country, 2020-2027

    Table 13 Europe Paralleling Switchgear Market by Application: By Country, 2020-2027

    Table 14 Asia Pacific Paralleling Switchgear Market by Application: By Country, 2020-2027

    Table 15 RoW Paralleling Switchgear Market by Application: By Country, 2020-2027

    Table 16 Global Paralleling Switchgear Market by End-use, By Regions, 2020-2027

    Table 17 North America Paralleling Switchgear Market by End-use, By Country, 2020-2027

    Table 18 Europe Paralleling Switchgear Market by End-use, By Country, 2020-2027

    Table 19 Asia Pacific Paralleling Switchgear Market by End-use, By Country, 2020-2027

    Table 20 RoW Paralleling Switchgear Market by End-use, By Country, 2020-2027

    Table 21 Global Voltage Market: By Region, 2020-2027

    Table 22 Global Application Market: By Region, 2020-2027

    Table 23 Global End-use Market: By Region, 2020-2027

    Table 24 North America Paralleling Switchgear Market, By Country

    Table 25 North America Paralleling Switchgear Market, By Voltage

    Table 26 North America Paralleling Switchgear Market, By Application

    Table 27 North America Paralleling Switchgear Market, By End-use

    Table 28 Europe: Paralleling Switchgear Market, By Country

    Table 29 Europe: Paralleling Switchgear Market, By Voltage

    Table 30 Europe: Paralleling Switchgear Market, By Application

    Table 31 Europe: Paralleling Switchgear Market, By End-use

    Table 32 Asia Pacific: Paralleling Switchgear Market, By Country

    Table 33 Asia Pacific: Paralleling Switchgear Market, By Voltage

    Table 34 Asia Pacific: Paralleling Switchgear Market, By Application

    Table 35 Asia Pacific: Paralleling Switchgear Market, By End-use

    Table 36 RoW: Paralleling Switchgear Market, By Region

    Table 37 RoW Paralleling Switchgear Market, By Voltage

    Table 38 RoW Paralleling Switchgear Market, By Application

    Table 39 RoW Paralleling Switchgear Market, By End-use


    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS OF MRFR

    FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

    FIGURE 3 Market Dynamics

    FIGURE 4 impact analysis: market drivers

    FIGURE 5 impact analysis: market restraints

    FIGURE 6 porter’s five forces analysis

    FIGURE 7 Value chain analysis

    FIGURE 8 GLOBAL Paralleling Switchgear MARKET SHARE, BY Raw Material, 2020 (%)

    FIGURE 9 GLOBAL Paralleling Switchgear Market BY Voltage , 2020-2027 (USD MILLION)

    FIGURE 10 GLOBAL Paralleling Switchgear MARKET SHARE, BY End-use, 2020 (%)

    FIGURE 11 GLOBAL Paralleling Switchgear Market BY End-use, 2020-2027 (USD MILLION)

    FIGURE 12 GLOBAL Paralleling Switchgear MARKET SHARE (%), BY REGION, 2020

    FIGURE 13 GLOBAL Paralleling Switchgear Market BY REGION, 2020-2027 (USD MILLION)

    FIGURE 14 North America Paralleling Switchgear MARKET SHARE (%), 2020

    FIGURE 15 North America Paralleling Switchgear MARKET BY Country, 2020-2027 (USD MILLION)

    FIGURE 16 Europe Paralleling Switchgear MARKET SHARE (%), 2020

    FIGURE 17 Europe Paralleling Switchgear MARKET BY Country, 2020-2027 (USD MILLION)

    FIGURE 18 Asia Pacific Paralleling Switchgear Market SHARE (%), 2020

    FIGURE 19 Asia Pacific Paralleling Switchgear Market BY Country, 2020-2027 (USD MILLION)

    FIGURE 20 Rest of the World Paralleling Switchgear MARKET SHARE (%), 2020

    FIGURE 21 Rest of the World Paralleling Switchgear MARKET BY Country, 2020-2027 (USD MILLION)