HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: EP 6162

 

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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.

This report segments the paralleling switchgear market based on end-user, application, transition type, voltage, and region.

The years considered for the study are as follows:

  • Base Year: 2017
  • Estimated Year: 2018
  • Projected Year: 2023
  • Forecast Period: 2018 to 2023

The base year considered for company profiles is 2017 based on the latest financials. Wherever information was unavailable for the base year, the previous year has been considered.

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 paralleling switchgear market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the paralleling switchgear 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 Hoover’s, 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 industry’s 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 paralleling switchgear 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.

Paralleling Switchgear Market

To know about the assumptions considered for the study, download the pdf brochure

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 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

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

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 client’s 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)

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, 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 (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 Paralleling Switchgear Market, By Application (Page No. - 41)
    6.1 Introduction
    6.2 Prime
    6.3 Standby
    6.4 Peak Shave

7 Paralleling Switchgear 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 Paralleling Switchgear Market, By Transition Type (Page No. - 55)
    8.1 Introduction
    8.2 Open Transition
    8.3 Closed Transition

9 Paralleling Switchgear Market, By Voltage (Page No. - 59)
    9.1 Introduction
    9.2 Low Voltage
    9.3 Medium Voltage

10 Paralleling Switchgear 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,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 (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 (%), 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 (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 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

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 paralleling switchgear 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 paralleling switchgear 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.

Paralleling Switchgear Market

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.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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