Growing At A CAGR Of Over 5%, Paralleling Switchgear Market Is Projected To Reach USD 1.59 Billion By 2024 | TechSci Research
Global Paralleling Switchgear Market is projected to reach USD 1.59 Billion by 2024, growing at a CAGR of over 5% from 2014-2024 owing to increasing investments in industrial sectors such as telecommunication, power generation, oil & gas, construction, growing investments in distributed generation, ageing and overburdening of power grids. Based on End-User segment, the market has been categorised into Industrial and Commercial segment. In 2018, the industrial segment dominated the market due to increasing demand for power from power generation sector and rising demand from finance and e-commerce sectors. APAC region is predictable to dominate the paralleling switchgear market during 2014-2024 due to growing industrialization and increasing investments in public infrastructure. Some of the leading players in the paralleling switchgear market are Caterpillar, Cummins, Schneider Electric, GE among others. Access Full Report? Inquiry Here@ https://www...