Middle East & Africa Generator Paralleling Switchgear Market Size & Outlook
The generator paralleling switchgear market in Middle East & Africa is expected to reach a projected revenue of US$ 131.1 million by 2030. A compound annual growth rate of 4.1% is expected of Middle East & Africa generator paralleling switchgear market from 2024 to 2030.
Revenue, 2023 (US$M)
$99.1
Forecast, 2030 (US$M)
$131.1
CAGR, 2024 - 2030
4.1%
Report Coverage
Middle East & Africa
Related Markets
MEA generator paralleling switchgear market highlights
- The MEA generator paralleling switchgear market generated a revenue of USD 99.1 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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.
MEA data book summary
| Market revenue in 2023 | USD 99.1 million |
| Market revenue in 2030 | USD 131.1 million |
| Growth rate | 4.1% (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, MEA region accounted for 5.8% 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
Standby Power
Prime Power
Peak Shaving
End Use
Power & Utilities
Commercial & Industrial
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 |
|---|---|---|---|---|
| Industrial Electric Mfg. (IEM) | View profile | 251-500 | Fremont, California, United States, North America | http://iemfg.com |
| General Electric | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.ge.com |
| Regal Rexnord Corp | View profile | 32100 | 111 West Michigan Street, Milwaukee, WI, United States, 53203 | https://www.regalrexnord.com |
| Kohler | View profile | 10001+ | Kohler, Wisconsin, United States, North America | http://www.kohler.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
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