A12880 | Pages: NA | Sep 2022 | 949 Views | ||
Author(s) : Eswara Prasad | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Paralleling Switchgear Market
Request Now !Paralleling switchgear is designed for an operation in which two or more generators are synchronized and then connected to a shared power source. The setup includes breaker and control compartments and can be used at a variety of voltages. Breaker and control portions are included in paralleling switchgear. Both of these sections can be combined into a single line-up or used separately. Furthermore, this switchgear might be either low-voltage or medium-voltage. It provides enhanced reliability, load management flexibility, uninterruptible maintenance, and cost savings through the use of segregated controls. It functions as an integrated system that safeguards, meters, controls, and switch elements to govern power distribution for the system, including an optional standby system, critical operating power system, legally mandated standby by the system, and emergency system. These sets are mostly used in critical applications such as data centers and hospitals, where power outages can result in death or significant financial loss.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years |  2020–2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021–2030 |
 Forecast Unit |  Value (USD) and Volume (Kilo Tons) |
  Segments Covered |  Type, Application, End Use, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | General Electric Company (U.S.), Caterpillar Inc. (U.S.), Cummins Inc. (U.S.), Kohler Co. (U.S.), and Pioneer Power Solutions. (U.S.). Regal Beloit Corporation (U.S.), Schneider Electric SE. (France), Advanced Power Technologies. (U.S.), Enercon Engineering, Inc. (U.S.), Industrial Electric Mfg (U.S.), and Russelectric Inc. (U.S.) are among others. |
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COVID-19 Impact analysi
Top Impacting Factors
The global paralleling switchgear market is primarily driven by ongoing technological developments in the energy sector, as well as rise in power consumption. The surge in use of paralleling switchgear in the oil & gas, construction, mining, and telecom industries is anticipated to boost the growth of the paralleling switchgear market during the projected period. Power outages during working hours can be costly, and paralleling switchgear can help by providing backup power. Expansion of data centers and hospitals, as well as infrastructure development, are now part of a new system to complete a task that creates an opportunity. Furthermore, rise in demand for the standby application from end-user sectors like as construction, hospitals, and data centers propels the market growth. Despite numerous benefits of paralleling switchgear, there are some factors that limit and impede industry expansion.
The market's expansion is projected to be hampered by the high cost and availability of competing alternatives.
Market Trends
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Key Benefits of the Report
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Key Market Players
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