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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

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  • 132 Pages
  • April 2018
  • Region: Global
  • Markets and Markets
  • ID: 4515830
Description Jump to:

The paralleling switchgear market is projected to grow at a CAGR of 5.82% from 2018 to 2023.

The paralleling switchgear market is projected to grow from an estimated USD 1.17 billion in 2018 to USD 1.55 billion by 2023, at a CAGR of 5.82% from 2018 to 2023. Increasing use of renewable energy sources in distributed generation, ageing and overburdening of power grids, and investment in industrial sectors such as oil & gas, telecommunication, construction, and mining in regions such as Asia Pacific, the Middle East, and Europe are driving the market for paralleling switchgear.

The industrial segment is expected to hold the largest share of the paralleling switchgear market, by end-user, during the forecast period.

The industrial segment of the paralleling switchgear market is expected to grow at the fastest pace during the forecast period. The growth of this segment can be attributed to the increasing demand for critical power from industries such as oil & gas, mining, and process industries in Asia Pacific, North America, and Europe. Continuity of power is crucial for any manufacturing or process industry. Loss of power results in a major loss, hence paralleling switchgear is used to maintain continuity.

Asia Pacific: The largest market for paralleling switchgear

Asia Pacific is estimated to be the largest market for paralleling switchgear, followed by North America and Europe. While India will continue to drive demand, growing industrial demand and increasing investments in infrastructure development in emerging economies such as China, Thailand, and Malaysia are expected to boost the demand for paralleling switchgear. Furthermore, investments in data centers, growing urbanization, and the increasing demand from construction, telecommunication, and water and wastewater treatment industries are driving the paralleling switchgear market in the Asia Pacific region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 55%, Tier 2- 25%, Tier 3- 20%
  • By Designation: C-Level- 35%, D-Level- 30%, Others- 35%
  • By Region: North America-  15%, Europe- 20%, Asia Pacific- 30%, South America- 10%, Middle East & Africa- 25%

Note: The tier of the companies has been defined on the basis of their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = <USD 1 billion
The leading players in the paralleling switchgear market are GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), and Schneider Electric (France).

Research Coverage:
The report provides a picture of the paralleling switchgear market across the power generation industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as end-user, application, transition, voltage, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and MnM view.
For the purpose of this report, the market has been segmented on the basis of end-user, application, transition, voltage, and region, with a focus on industry analysis (industry trends), market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the paralleling switchgear market, high-growth regions, and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the paralleling switchgear market
  • Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for paralleling switchgear across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, recent developments, and investments in the global paralleling switchgear market

Why Buy this Report?

  • The report identifies and addresses key markets for the implementation of paralleling switchgear in various industries, which would help manufacturers review the growth in demand.
  • The report helps solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

Table of Contents

1 Introduction
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
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
4 Premium Insights
4.1 Attractive Market Opportunities in the Paralleling Switchgear Market, 2018–2023
4.2 Paralleling Switchgear Market, By Application
4.3 Paralleling Switchgear Market, By Transition Type
4.4 Paralleling Switchgear Market, By End User
4.5 Paralleling Switchgear Market, By Region
4.6 Asia Pacific Paralleling Switchgear Market
5 Market Overview
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 Paralleling Switchgear Market, By Application
6.1 Introduction
6.2 Prime
6.3 Standby
6.4 Peak Shave
7 Paralleling Switchgear Market, By End User
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 Paralleling Switchgear Market, By Transition Type
8.1 Introduction
8.2 Open Transition
8.3 Closed Transition
9 Paralleling Switchgear Market, By Voltage
9.1 Introduction
9.2 Low Voltage
9.3 Medium Voltage
10 Paralleling Switchgear Market, By Region
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
11.1 Introduction
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Contracts & Agreements,2014–2018
11.3.2 Expansions & Investments,2014–2017
11.3.3 New Product Launches,2014–2018
11.3.4 Mergers & Acquisitions,2014–2017
11.3.5 Partnerships, 2017
12 Company Profiles
12.1 Benchmarking
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
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables:
Table 1 Global Paralleling Switchgear Market Snapshot
Table 2 Global Health Spending Per GDP (%), 2014–2040
Table 3 New Data Center Projects Announced in the Us, 2016–2017
Table 4 Global Distributed Power Growth, 2000–2020
Table 5 Paralleling Switchgear Market, By Application, 2016–2023 (USD Million)
Table 6 Prime: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 7 Standby: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 8 Peak Shave: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 9 Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 10 Industrial: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 11 Utilities/ Power Generation: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 12 Oil & Gas: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 13 Other Industrial: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 14 Commercial: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 15 IT & Telecom: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 16 Healthcare: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 17 Other Commercial: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 18 Paralleling Switchgear Market, By Stage, 2016–2023 (USD Million)
Table 19 Open Transition: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 20 Closed Transition: Paralleling Switchgear Market, By Region, 2016–2023 (USD Million)
Table 21 Paralleling Switchgear Market Size, By Voltage, 2016–2023 (USD Million)
Table 22 Low Voltage: Paralleling Switchgear Market Size, By Region, 2016–2023 (USD Million)
Table 23 Medium Voltage: Paralleling Switchgear Market Size, By Region, 2016–2023 (USD Million)
Table 24 Paralleling Switchgear Market, By Region, 2018–2023 (USD Million)
Table 25 Asia Pacific: Paralleling Switchgear Market, By Application, 2016–2023 (USD Million)
Table 26 Asia Pacific: Paralleling Switchgear Market, By Transition Type, 2016–2023 (USD Million)
Table 27 Asia Pacific: Paralleling Switchgear Market, By Voltage, 2016–2023 (USD Million)
Table 28 Asia Pacific: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 29 Asia Pacific: Paralleling Switchgear Market, By Country, 2016–2023 (USD Million)
Table 30 China: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 31 India: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 32 Japan: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 33 South Korea: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 34 Australia: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 35 Rest of Asia Pacific: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 36 North America: Paralleling Switchgear Market, By Application, 2016–2023 (USD Million)
Table 37 North America: Paralleling Switchgear Market, By Transition Type, 2016–2023 (USD Million)
Table 38 North America: Paralleling Switchgear Market, By Voltage, 2016–2023 (USD Million)
Table 39 North America: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 40 North America: Paralleling Switchgear Market, By Country, 2016–2023 (USD Million)
Table 41 US: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 42 Canada: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 43 Mexico: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 44 Europe: Paralleling Switchgear Market, By Application, 2016–2023 (USD Million)
Table 45 Europe: Paralleling Switchgear Market, By Transition Type, 2016–2023 (USD Million)
Table 46 Europe: Paralleling Switchgear Market, By Voltage, 2016–2023 (USD Million)
Table 47 Europe: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 48 Europe: Paralleling Switchgear Market, By Country, 2016–2023 (USD Million)
Table 49 Russia: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 50 UK: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 51 Germany: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 52 France: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 53 Rest of Europe: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 54 Middle East & Africa: Paralleling Switchgear Market, By Application, 2016–2023 (USD Million)
Table 55 Middle East & Africa: Paralleling Switchgear Market, By Transition Type, 2016–2023 (USD Million)
Table 56 Middle East & Africa: Paralleling Switchgear Market, By Voltage, 2016–2023 (USD Million)
Table 57 Middle East & Africa: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 58 Middle East & Africa: Paralleling Switchgear Market, By Country, 2016–2023 (USD Million)
Table 59 Saudi Arabia: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 60 UAE: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 61 Kuwait: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 62 Iran: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 63 South Africa: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 64 Rest of the Middle East & Africa: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 65 South America: Paralleling Switchgear Market, By Application, 2016–2023 (USD Million)
Table 66 South America: Paralleling Switchgear Market, By Transition Type, 2016–2023 (USD Million)
Table 67 South America: Paralleling Switchgear Market, By Voltage, 2016–2023 (USD Million)
Table 68 South America: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 69 South America: Paralleling Switchgear Market, By Country, 2016–2023 (USD Million)
Table 70 Brazil: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 71 Argentina: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 72 Rest of South America: Paralleling Switchgear Market, By End User, 2016–2023 (USD Million)
Table 73 Market Developments Between 2014 and 2017
List of 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 Paralleling Switchgear Market During the Forecast Period (USD Billion)
Figure 8 Open Transition Segment is Expected Dominate the Paralleling Switchgear Market From 2018 to 2023
Figure 9 Low Voltage Segment is Expected Dominate the Paralleling Switchgear Market From 2018 to 2023
Figure 10 Standby Segment is Expected to Dominate the Paralleling Switchgear Market From 2018 to 2023
Figure 11 Asia Pacific Held the Largest Share in the Paralleling Switchgear Market in 2017
Figure 12 Growing Investments in Key End-User Industries and Rising Demand for Reliable Power Supply are Driving the Paralleling Switchgear 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 Paralleling Switchgear 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 Paralleling Switchgear Market in 2017
Figure 18 Market Dynamics: Paralleling Switchgear Market
Figure 19 Standby Segment is Expected to Grow at the Fastest CAGR in the Paralleling Switchgear Market During the Forecast Period
Figure 20 Industrial Sector is Expected to Grow at the Fastest CAGR in the Paralleling Switchgear 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 Paralleling Switchgear Market During the Forecast Period
Figure 23 Low Voltage Segment is Expected to Grow at the Fastest CAGR in the Paralleling Switchgear Market During the Forecast Period
Figure 24 Regional Snapshot: Rapid Growth in Developing Markets, 2018–2023
Figure 25 Asia Pacific: the Fastest Growing Paralleling Switchgear Market, 2018–2023
Figure 26 Asia Pacific: Market Snapshot
Figure 27 North America: Market Snapshot
Figure 28 Key Developments in the Paralleling Switchgear Market, 2014–2018
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

Companies Mentioned

  • GE
  • Caterpillar
  • Cummins
  • Rolls-Royce (MTU Onsite Energy)
  • Kohler
  • Pioneer Power Solutions (Pioneer Critical Power)
  • Regal Beloit Corporation (Thomson Power Systems)
  • Schneider Electric (Asco Power Technologies)
  • Advanced Power Technologies
  • Enercon Engineering
  • Industrial Electric Mfg
  • Russelectric

Table Information

Report AttributeDetails
No. of Pages132
PublishedApril 2018
Forecast Period2018 - 2023
Estimated Market Value ( USD ) in 2018 $ 1.17 billion
Forecasted Market Value ( USD ) by 2023 $ 1.55 billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal
No. of Companies Mentioned12

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