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  Market Highlights Paralleling switchgear market  is expected to expand at  ~ 5.5% CAGR  during the forecast period. The paralleling switchgear market is projected to have enormous developments over the forecast period owing to incessant technological advancements in energy sector tied with rising power demand. The market is also likely to have huge expansion activities by global and well-established firms. Mergers and acquisition activities are anticipated to be seen during the forecast period with several contracts and agreements among the top EPC contractors and Governments across the globe. Paralleling switchgear is a combination of metering, control & switching and protection elements acting as an integrated system to control the distribution of power for emergency systems, standby systems, critical operation power systems (COPS), and optional standby systems. Increasing stake of distributed generation, maturing and overloading of power grids, and investmen...

  Market Highlights Paralleling switchgear market  is expected to expand at  ~ 5.5% CAGR  during the forecast period. The paralleling switchgear market is projected to have enormous developments over the forecast period owing to incessant technological advancements in energy sector tied with rising power demand. The market is also likely to have huge expansion activities by global and well-established firms. Mergers and acquisition activities are anticipated to be seen during the forecast period with several contracts and agreements among the top EPC contractors and Governments across the globe. Paralleling switchgear is a combination of metering, control & switching and protection elements acting as an integrated system to control the distribution of power for emergency systems, standby systems, critical operation power systems (COPS), and optional standby systems. Increasing stake of distributed generation, maturing and overloading of power grids, and investmen...