Comparison of Switchgear Market Trends and Construction Projects

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Parallel Switchgear Market

The global parallel switchgear market is mainly driven by the ongoing technological developments in the power sector, as well as the increase in power consumption.

PORTLAND, OREGON, USA, Sept. 2, 2022 / — The surge in the use of parallel switchgear in the oil and gas, construction, mining and of telecommunications is expected to drive the growth of the parallel switchgear market during the projected period. Power outages during working hours can be costly and parallel switchgear can help by providing backup power. The expansion of data centers and hospitals, as well as the development of infrastructure, are now part of a new system to accomplish a task that creates an opportunity. Additionally, increasing demand for backup applications from end-user sectors such as construction, hospitals, and data centers is propelling the growth of the market. Despite the many advantages of parallel switchgear, there are certain factors that limit and hinder the expansion of the industry. Market expansion is expected to be hampered by the high cost and availability of competing alternatives.

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Comparison of switchgear market trends

Marble Robot Inc., a San Francisco-based robot and autonomy technology solutions company, has sold some of its assets to Caterpillar Inc. Caterpillar’s automation and autonomy plan includes the purchase, which highlights the company’s commitment to the next generation of jobsite solutions.

Cummins Inc. has signed a definitive agreement to purchase all of the issued and outstanding shares of Hydrogenics Corporation, a supplier of fuel cell systems, through a wholly owned subsidiary.

Clarke Energy Ltd., based in Liverpool, England, has been acquired by Kohler Co. Power Group, a global leader in engines and power generation systems. Clarke Energy is a world leader in the engineering, construction, installation and maintenance of engine-driven power stations, as well as an authorized dealer of GE reciprocating engines in 19 countries.

Top Key Players in the Market

General electricity company
Caterpillar Inc.
Cummins inc.
Kohler Co.
Pioneering Power Solutions
Regal Beloit Corporation
Schneider Electric SE
Advanced power technologies
Enercon Engineering, Inc.
Industrial Electrical Manufacturing
Russelectric Inc.

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Key Benefits of the Report

This study presents the analytical representation of the Parallel Switchgear industry together with the current trends and future estimations to determine the impending pockets of investment.

The report presents information related to key drivers, restraints, and opportunities, along with a detailed analysis of the Parallel Switchgear market share.

Current market is quantitatively analyzed from 2020 to 2030 to highlight the parallel growth scenario of Switchgear market.

Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the marketplace.

The report provides a detailed analysis of the Parallel Switchgear Market based on the competitive intensity and how the competition will shape in the coming years.

COVID-19 Impact Analysis

The global switchgear industry has been disrupted by the ongoing COVID-19 outbreak. As countries employed partial or full containment strategies to deal with the outbreak, various power sector companies in all regions were forced to shut down their industrial facilities and services.

The COVID-19 pandemic has impacted ongoing projects as well as the entire electrical industry supply chain. Major energy projects have also been halted or postponed by businesses in the region.

Get a detailed analysis of the impact of COVID-19 on the Parallel Switchgear Market:

Sachin Bhandare
Allied Analytics LLP
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