Paralleling Switchgear Market 2021 Analysis May Set New Growth Story, Forecast to 2027

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 2027, growing at a CAGR of 5% from 2021 to 2027. Parallel switchgear is a combination of metering, control, and switching, and protection elements that serve as an integrated system for controlling the power distribution of emergency systems, standby systems, critical operating power systems (COPS), and selective standby systems. Increased stakes in distributed generation, power grid maturation and overload, and investments in commercial and industrial sectors such as construction, oil, and gas, mining, and telecommunications are key factors driving the parallel switchgear market. Market Segments By Application

• Prime
• Standby
• Peak shave

By Transition Type

• Open Transition
• Closed Transition

By Voltage Type

• Low voltage
• Medium voltage

Key Players

• Advanced Power Technologies(USA)
• Industrial Electric MFG(USA)
• Geindustrial(USA)
• ASCO Power Technologies(USA)
• Caterpillar(USA)
• Kohler(USA)

Scope of the Report The research study analyzes the global Paralleling Switchgear industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as: Recent Developments o Market Overview and growth analysis o Import and Export Overview o Volume Analysis o Current Market Trends and Future Outlook o Market Opportunistic and Attractive Investment Segment Geographic Coverage o North America Market Size and/or Volume o Latin America Market Size and/or Volume o Europe Market Size and/or Volume o Asia-Pacific Market Size and/or Volume o Rest of the world Market Size and/or Volume Key Questions Answered by Paralleling Switchgear Market Report 1. What was the Paralleling Switchgear Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Paralleling Switchgear Market during the forecast period (2021-2027)? 3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027). 4. Which manufacturer/vendor/players in the Paralleling Switchgear Market was the market leader in 2020? 5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.