Paralleling Switchgear Market Revenue to Hit $1.55 Billion by 2023
Increasing investments in distributed generation, ageing and overburdening of power grids, and investments in industrial sectors such as power generation, oil & gas, telecommunication, construction, and mining in the Asia Pacific, the Middle East, and Europe are driving the market for paralleling switchgear. To know more - https://www.marketsandmarkets.com/Market-Reports/paralleling-switchgear-market-107294848.html The paralleling switchgear market is expected to grow from an estimated USD 1.17 Billion in 2018 to USD 1.55 Billion by 2023, at a CAGR of 5.82% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the leading players in the paralleling switchgear market such as GE (US), Kohler (US), Caterpillar (US), Cummins (US), Rolls-Royce (UK), and Schneider Electric (France).
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