Europe Generator Paralleling Switchgear Market Size & Outlook
The generator paralleling switchgear market in Europe is expected to reach a projected revenue of US$ 842.0 million by 2030. A compound annual growth rate of 8.5% is expected of Europe generator paralleling switchgear market from 2024 to 2030.
Revenue, 2023 (US$M)
$474.7
Forecast, 2030 (US$M)
$842.0
CAGR, 2024 - 2030
8.5%
Report Coverage
Europe
Europe generator paralleling switchgear market, 2018-2030 (US$M)
Related Markets
Europe generator paralleling switchgear market highlights
- The Europe generator paralleling switchgear market generated a revenue of USD 474.7 million in 2023.
- The market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, open transition system was the largest revenue generating type in 2023.
- Open Transition System is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 474.7 million |
| Market revenue in 2030 | USD 842.0 million |
| Growth rate | 8.5% (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 |
| Key market players worldwide | General Electric, Caterpillar Inc, Cummins Inc, Regal Rexnord Corp, Kohler, Schneider Electric SE, ABB Ltd, Industrial Electric Mfg. (IEM) |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.7% of the global generator paralleling switchgear market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 756.5 million by 2030.
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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 |
|---|
Europe generator paralleling switchgear market
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