Considering the global scenario , the Asia Pacific is predicted to expand at the highest CAGR , with China expected to be the major country-level market . The ever-increasing population , with heavy demand for energy , has resulted in an extraordinary growth for commercial , industrial , and residential infrastructure in the region . This has further resulted in the growth of the paralleling switchgear market in the APAC region . Emerging nations like China and India are likely to be the major markets for paralleling switchgear . These countries are highly investing in telecommunication , public infrastructure , manufacturing , and data centers , which is further triggering the demand from the paralleling switchgear market .
Industry Updates
June 2019 : Russelectric is offering an emergency power system , which offers backup power during a utility power loss . The paralleling switchgear systems also provide manual backup capability , and redundant programmable logic controller ( PLC ) controls .
Competitive Dashboard
The top players operating in the global paralleling switchgear market comprises Caterpillar Inc . ( U . S .), General Electric Company ( U . S .), Rolls-Royce ( MTU Onsite Energy ) ( U . K .), Cummins Inc . ( U . S .), Pioneer Power Solutions . ( U . S .), Kohler Co . ( U . S .), Schneider Electric SE . ( France ), Regal Beloit Corporation ( U . S .), Enercon Engineering , Inc . ( U . S .), Advanced Power Technologies . ( U . S .), Russelectric Inc . ( U . S .), and Industrial Electric Mfg ( U . S .).
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