Paralleling Switchgear 2018 Market Share and Size Analysis, Development Strategy |Global Top Leaders: General Electric Company , Caterpillar Inc. , Cummins Inc. , Rolls-Royce , Kohler Co. | Comprehensive Research Analysis by Forecast to 2023

Market Overview:-
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.
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.

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Paralleling Switchgear Market Top key Players:-
• General Electric Company
• Caterpillar Inc.
• Cummins Inc.
• Rolls-Royce (MTU Onsite Energy)
• Kohler Co.
• Pioneer Power Solutions.
• Regal Beloit Corporation
• Schneider Electric SE.

Scope of the Report:-
This study provides an overview of the global paralleling switchgear market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Paralleling Switchgear market by its type, by design, by end-user and by region.

By Voltage
• Low Voltage
• Medium Voltage
By Application
• Prime
• Standby
• Peak Shave

By End-User
• Commercial
• Industrial
• Utilities
• Others

By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

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Market Research Analysis:-
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 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 dominated the market in 2016 and is projected to be the fastest-growing application segment. Standby generators are key to maintain 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 dominated the market in 2016 and is projected to be the fastest-growing end-user over the next five years.

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