Product Code: A12880
The global paralleling switch gear market was valued at $1.7 billion in 2022, and is projected to reach $3.0 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
Paralleling switchgear is a type of electrical distribution equipment used to parallel multiple generators or power sources to provide a reliable and continuous power supply. This technology is commonly used in various applications where uninterrupted power is critical, such as data centers, hospitals, industrial facilities, and commercial buildings. The paralleling switchgear market involves the production, sale, and installation of these electrical systems.
The commercial sector experiences growth due to various economic, social, and technological factors that drive the demand for goods and services. In addition, economic growth, characterized by rising GDP (Gross Domestic Product), increased consumer spending, and business investments, fuels the expansion of the commercial sector. A strong economy leads to increased business activity and higher demand for commercial services. Investment in infrastructure, including transportation, communication, and real estate development, enhances the commercial sector's capacity to serve a growing population and businesses. Paralleling switchgear is used in office complexes to provide reliable power for essential systems such as elevators, lighting, HVAC (heating, ventilation, and air conditioning), and computer servers. It ensures that critical areas, such as server rooms and security systems, have continuous power, reducing downtime and data loss. Paralleling switchgear is crucial in data centers, where uninterrupted power is essential for maintaining server uptime and data integrity. It allows load sharing among multiple generators to ensure continuous power supply.
Paralleling switchgear systems are expensive to purchase and install. The initial investment includes the cost of the equipment, installation, and any necessary modifications to the existing electrical infrastructure. Installing parallel switchgears are complex and it requires significant downtime, especially in existing facilities. It often involves coordination with electrical contractors and compliance with safety regulations. Paralleling switchgear systems require regular maintenance to ensure proper operation and reliability. Maintenance activities include testing, inspections, and servicing of components, which add ongoing costs. These factors are expected to hamper market growth during the forecast period.
For construction of a building or infrastructure project, temporary power is often needed to operate tools, equipment, and lighting. Paralleling switchgear allows the efficient distribution of power from multiple generators to various construction sites within the project, ensuring a stable power supply. In addition, construction sites have fluctuating power demands due to varying activities and equipment usage. Paralleling switchgear balances the load across multiple generators, preventing overload on any single generator and ensuring continuous power without interruptions. The paralleling switchgear market in the building & construction industry offers lucrative opportunities as construction activities increase.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the paralleling switch gear market analysis from 2022 to 2032 to identify the prevailing paralleling switch gear market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the paralleling switch gear market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global paralleling witch gear market trends, key players, market segments, application areas, and market growth strategies.
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- Product Life Cycles
- Senario Analysis & Growth Trend Comparision
- Strategic Recommedations
- Historic market data
- Import Export Analysis/Data
- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
Key Market Segments
By Type
- Open Transition Paralleling Switchgear
- Closed Transition Paralleling Switchgear
By Voltage
By Application
- Prime
- Standby
- Peak Shave
- Others
By End Use
- Commercial and Industrial
- Utilities and Power generator
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa,
- Saudi Arabia
- Rest of LAMEA
Key Market Players:
- Caterpillar Inc.
- EMI
- General Electric Company
- Cummins Inc.
- Kohler Co.
- Regal Beloit Corporation
- Schneider Electric SE.
- Advanced Power Technologies
- Pioneer Power Solutions
- Industrial Electric Mfg
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. High threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. High bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Robust demand from the commercial sector
- 3.4.1.2. Increase in demand for paralleling switchgear from renewable energy integration
- 3.4.2. Restraints
- 3.4.2.1. Complexity and high-cost maintenance
- 3.4.3. Opportunities
- 3.4.3.1. Increase in demand for paralleling switchgear from the building and construction industry
- 3.5. Value Chain Analysis
- 3.6. Patent Landscape
CHAPTER 4: PARALLELING SWITCHGEAR MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Open Transition Paralleling Switchgear
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Closed Transition Paralleling Switchgear
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: PARALLELING SWITCHGEAR MARKET, BY VOLTAGE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Low
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Medium
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: PARALLELING SWITCHGEAR MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Prime
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Standby
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Peak Shave
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Others
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
CHAPTER 7: PARALLELING SWITCHGEAR MARKET, BY END USE
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Commercial and Industrial
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Utilities and Power generator
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Others
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
CHAPTER 8: PARALLELING SWITCHGEAR MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Type
- 8.2.3. Market size and forecast, by Voltage
- 8.2.4. Market size and forecast, by Application
- 8.2.5. Market size and forecast, by End Use
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Type
- 8.2.6.1.2. Market size and forecast, by Voltage
- 8.2.6.1.3. Market size and forecast, by Application
- 8.2.6.1.4. Market size and forecast, by End Use
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Type
- 8.2.6.2.2. Market size and forecast, by Voltage
- 8.2.6.2.3. Market size and forecast, by Application
- 8.2.6.2.4. Market size and forecast, by End Use
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Type
- 8.2.6.3.2. Market size and forecast, by Voltage
- 8.2.6.3.3. Market size and forecast, by Application
- 8.2.6.3.4. Market size and forecast, by End Use
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Type
- 8.3.3. Market size and forecast, by Voltage
- 8.3.4. Market size and forecast, by Application
- 8.3.5. Market size and forecast, by End Use
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Market size and forecast, by Type
- 8.3.6.1.2. Market size and forecast, by Voltage
- 8.3.6.1.3. Market size and forecast, by Application
- 8.3.6.1.4. Market size and forecast, by End Use
- 8.3.6.2. France
- 8.3.6.2.1. Market size and forecast, by Type
- 8.3.6.2.2. Market size and forecast, by Voltage
- 8.3.6.2.3. Market size and forecast, by Application
- 8.3.6.2.4. Market size and forecast, by End Use
- 8.3.6.3. UK
- 8.3.6.3.1. Market size and forecast, by Type
- 8.3.6.3.2. Market size and forecast, by Voltage
- 8.3.6.3.3. Market size and forecast, by Application
- 8.3.6.3.4. Market size and forecast, by End Use
- 8.3.6.4. Italy
- 8.3.6.4.1. Market size and forecast, by Type
- 8.3.6.4.2. Market size and forecast, by Voltage
- 8.3.6.4.3. Market size and forecast, by Application
- 8.3.6.4.4. Market size and forecast, by End Use
- 8.3.6.5. Spain
- 8.3.6.5.1. Market size and forecast, by Type
- 8.3.6.5.2. Market size and forecast, by Voltage
- 8.3.6.5.3. Market size and forecast, by Application
- 8.3.6.5.4. Market size and forecast, by End Use
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Market size and forecast, by Type
- 8.3.6.6.2. Market size and forecast, by Voltage
- 8.3.6.6.3. Market size and forecast, by Application
- 8.3.6.6.4. Market size and forecast, by End Use
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Type
- 8.4.3. Market size and forecast, by Voltage
- 8.4.4. Market size and forecast, by Application
- 8.4.5. Market size and forecast, by End Use
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Type
- 8.4.6.1.2. Market size and forecast, by Voltage
- 8.4.6.1.3. Market size and forecast, by Application
- 8.4.6.1.4. Market size and forecast, by End Use
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Type
- 8.4.6.2.2. Market size and forecast, by Voltage
- 8.4.6.2.3. Market size and forecast, by Application
- 8.4.6.2.4. Market size and forecast, by End Use
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Type
- 8.4.6.3.2. Market size and forecast, by Voltage
- 8.4.6.3.3. Market size and forecast, by Application
- 8.4.6.3.4. Market size and forecast, by End Use
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Type
- 8.4.6.4.2. Market size and forecast, by Voltage
- 8.4.6.4.3. Market size and forecast, by Application
- 8.4.6.4.4. Market size and forecast, by End Use
- 8.4.6.5. Australia
- 8.4.6.5.1. Market size and forecast, by Type
- 8.4.6.5.2. Market size and forecast, by Voltage
- 8.4.6.5.3. Market size and forecast, by Application
- 8.4.6.5.4. Market size and forecast, by End Use
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Market size and forecast, by Type
- 8.4.6.6.2. Market size and forecast, by Voltage
- 8.4.6.6.3. Market size and forecast, by Application
- 8.4.6.6.4. Market size and forecast, by End Use
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Type
- 8.5.3. Market size and forecast, by Voltage
- 8.5.4. Market size and forecast, by Application
- 8.5.5. Market size and forecast, by End Use
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Market size and forecast, by Type
- 8.5.6.1.2. Market size and forecast, by Voltage
- 8.5.6.1.3. Market size and forecast, by Application
- 8.5.6.1.4. Market size and forecast, by End Use
- 8.5.6.2. South Africa,
- 8.5.6.2.1. Market size and forecast, by Type
- 8.5.6.2.2. Market size and forecast, by Voltage
- 8.5.6.2.3. Market size and forecast, by Application
- 8.5.6.2.4. Market size and forecast, by End Use
- 8.5.6.3. Saudi Arabia
- 8.5.6.3.1. Market size and forecast, by Type
- 8.5.6.3.2. Market size and forecast, by Voltage
- 8.5.6.3.3. Market size and forecast, by Application
- 8.5.6.3.4. Market size and forecast, by End Use
- 8.5.6.4. Rest of LAMEA
- 8.5.6.4.1. Market size and forecast, by Type
- 8.5.6.4.2. Market size and forecast, by Voltage
- 8.5.6.4.3. Market size and forecast, by Application
- 8.5.6.4.4. Market size and forecast, by End Use
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. General Electric Company
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.2. Caterpillar Inc.
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.3. Cummins Inc.
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.4. Kohler Co.
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.5. Pioneer Power Solutions
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.6. Regal Beloit Corporation
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.7. Schneider Electric SE.
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.8. Advanced Power Technologies
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.9. Industrial Electric Mfg
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.10. EMI
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio