Paralleling Switchgear Market 2019 Industry Size, Market Share Analysis, Global Demand and Geographic Growth till 2023 - PowerPoint PPT Presentation

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Paralleling Switchgear Market 2019 Industry Size, Market Share Analysis, Global Demand and Geographic Growth till 2023

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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 over the forecast period. – PowerPoint PPT presentation

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Title: Paralleling Switchgear Market 2019 Industry Size, Market Share Analysis, Global Demand and Geographic Growth till 2023


1
Global Paralleling Switchgear Market Research
Report - Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
2
Global Paralleling Switchgear Market Forecast to
2023
Global Paralleling Switchgear Market -
Overview The global paralleling switchgear market
is anticipated to garner a CAGR of 5.5 during
the forecast period (2017-2023), Market Research
Future (MRFR) unveils in a detailed report.
Paralleling switchgear is an amalgamation of
control and switching, metering, and protection
of elements, which acts as an integrated system.
It controls the distribution of power for standby
systems, emergency systems, optional standby
systems, and critical operation power
systems. Ask for Sample _at_ https//www.marketresear
chfuture.com/sample_request/6010 The parallel
switchgear market has witnessed tremendous
developments in the past few years due to
continuous technological advancements in the
energy sector. The market is predicted to witness
huge expansion activities by the well-established
firms, which is likely to impact the growth
positively. Moreover, mergers and acquisitions by
the market players, with agreements and contracts
among the top government and EPC contractors are
likely to promote the markets growth in the
foreseeable future. Increased investments made in
the industrial and commercial sectors like oil
gas, construction, telecommunication, and mining
is predicted to encourage the market growth
across the globe. Also, overloading and maturing
of power grids and increased stake of distributed
generation are likely to encourage the market
growth in the long run. On the contrary, the
complexities associated with the control system,
along with its high cost, are the major factors
likely to restrict the growth of the market in
the review period.
3
Global Paralleling Switchgear Market Forecast to
2023
Industry Related News June 2019 Russelectric is
offering an emergency power system, which offers
backup power during a utility power loss. The
paralleling switchgear systems also provide
manual backup capability, and redundant
programmable logic controller (PLC)
controls. Regional Frontiers Geographically, the
paralleling switchgear market spans across
Europe, Asia Pacific, North America, and the Rest
of the World (RoW). Considering the global
scenario, the Asia Pacific is predicted to expand
at the highest CAGR, with China expected to be
the major country-level market. The
ever-increasing population, with heavy demand for
energy, has resulted in an extraordinary growth
for commercial, industrial, and residential
infrastructure in the region. This has further
resulted in the growth of the paralleling
switchgear market in the APAC region. Emerging
nations like China and India are likely to be the
major markets for paralleling switchgear. These
countries are highly investing in
telecommunication, public infrastructure,
manufacturing, and data centers, which is further
triggering the demand from the paralleling
switchgear market. Browse Full Report
_at_ https//www.marketresearchfuture.com/reports/par
alleling-switchgear-market-6010
4
Global Paralleling Switchgear Market Forecast to
2023
MARKET SEGMENT
Global Paralleling Switchgear Market -
Segments The global paralleling switchgear
market is segmented based on application,
voltage, and end user. By voltage, the
paralleling switchgear market is segmented into
low voltage and medium voltage. Of these, the low
voltage paralleling switchgear market is likely
to dominate the market due to the surging demand
from the telecommunication and construction
sectors. Low voltage paralleling switchgear is
highly preferred for industrial operations due to
in housing capability of equipment and safer
operations. The surging demand for low voltage
from the industrial sector is triggering the
demand for paralleling switchgear in the low
voltage segment. By application, the paralleling
switchgear market is segmented into prime, peak
shave, and standby. Of these, the standby segment
is predicted to dominate the market as they can
maintain the power stability in industries like
data centers, healthcare, and process
industry. By end user, the market is segmented
into commercial, utilities, industrial, and
others. Among these, the industrial segment is
predicted to dominate and expand at the fastest
rate due to the surging demand for critical power
from industries in the regions of the Middle East
Africa and the Asia Pacific.

5
Global Paralleling Switchgear Market Forecast to
2023
KEY PLAYER
  • Key Players
  • Caterpillar Inc. (U.S.),
  • General Electric Company (U.S.),
  • Rolls-Royce (MTU Onsite Energy) (U.K.),
  • Cummins Inc. (U.S.),
  • Pioneer Power Solutions. (U.S.),
  • Kohler Co. (U.S.),
  • Schneider Electric SE. (France),
  • Regal Beloit Corporation (U.S.),
  • Enercon Engineering, Inc. (U.S.),
  • Advanced Power Technologies. (U.S.),
  • Russelectric Inc. (U.S.), and
  • Industrial Electric Mfg (U.S.).


6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
7
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