Global Generator Paralleling Switchgear Market Size & Outlook
The generator paralleling switchgear industry worldwide is expected to reach a projected revenue of US$ 3,064.0 million by 2030. A compound annual growth rate of 8.6% is expected of the worldwide generator paralleling switchgear industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,716.9
Forecast, 2030 (US$M)
$3,064.0
CAGR, 2024 - 2030
8.6%
Report Coverage
Worldwide
Global generator paralleling switchgear market, 2018-2030 (US$M)
Related Markets
Global generator paralleling switchgear market highlights
- The global generator paralleling switchgear market generated a revenue of USD 1,716.9 million in 2023 and is expected to reach USD 3,064.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.6% by 2030.
- In terms of segment, open transition system accounted for a revenue of USD 1,716.9 million in 2023.
- Open Transition System is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,716.9 million |
| Market revenue in 2030 | USD 3,064.0 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Open transition system |
| Fastest growing segment | Open Transition System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Transition System |
Other key industry trends
- In terms of revenue, the North America accounted for 30.1% of the global generator paralleling switchgear market in 2023.
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Generator Paralleling Switchgear Market Scope
Generator paralleling switchgear market segmentation & scope
Application
Prime Power
Standby Power
Peak Shaving
End Use
Commercial & Industrial
Power & Utilities
Others
Countries
Canada
Mexico
U.S.
Denmark
France
Germany
Italy
Netherlands
Spain
UK
China
India
Indonesia
Japan
South Korea
Thailand
Argentina
Brazil
Saudi Arabia
South Africa
UAE
Generator Paralleling Switchgear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global generator paralleling switchgear market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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